February 06, 2023
News
Unemployment Rate Remains Unchanged
Staff Writer
February 04, 2023
Total nonfarm payroll employment rose by 517,000 in January, the U.S. Bureau of Labor Statistics reported Jan. 3. Job growth was widespread, led by gains in leisure and hospitality, professional…
AAA Charleston Raises $3,000 for Charity
Staff Writer
February 04, 2023
America’s Auto Auction - Charleston held its first sale of the year on Jan. 6 featuring 1,000 vehicles, 800 dealers, free breakfast and a $10,000 cash giveaway. By the end…
Ford Optimistic, Despite Missed Expectations
Staff Writer
February 04, 2023
Ford Motor Co. revenue for the fourth-quarter and all of 2022 reached $44.0 billion and $158.1 billion, respectively. For the same periods, the company had net income of $1.3 billion…
MotorTrend Announces 75th Anniversary Power Tour
Staff Writer
February 04, 2023
MotorTrend Group announced the 2023 HOT ROD Power Tour in celebration of HOT ROD’s 75th anniversary. The HOT ROD Power Tour Driven by Continental Tire will be heading south to…
Polaris Reports Profitable Q4
Staff Writer
February 04, 2023
Polaris Inc. released fourth quarter and full year 2022 results, reporting worldwide sales of $2,404 million, up 21% versus the fourth quarter of 2021. North America sales of $2,108 million…
Industry Faces ‘Bloody Battle’ for Market Share
Staff Writer
February 03, 2023
After nearly two years of inflated new- and used-car prices – with car dealers asking consumers to pay thousands of dollars over MSRP – the U.S. industry is primed for…
NextGear Makes Personnel Changes
Staff Writer
February 03, 2023
NextGear Capital rang in the new year with the promotion of three individuals from Cox Automotive to fill key roles on its client-facing team, strengthen its partnerships and further its…
Asbury Automotive Reports $353 Million Net Income in Q4
Staff Writer
February 03, 2023
Asbury Automotive Group, one of the largest automotive retail and service companies in the U.S., reported fourth quarter 2022 net income of $353 million ($15.95 per diluted share), an increase…
CCC Integrates Shop Management Tool with CDK’s DMS
Staff Writer
February 03, 2023
CCC Intelligent Solutions, a SaaS platform for the P&C insurance and repair industries, has made its CCC ONE Repair Workflow shop management solution available to dealer-owned collision repairers via an…
