Cars.com. reported a 31 percent year-over-year revenue drop as it recently released its financial results for the quarter ended June 30, 2020. Revenue of $102.0 million was down $46.2 million…
Subaru of America Inc. recently reported 51,458 vehicle sales for July 2020, a 20 percent decrease compared with record July 2019. These results reflect the impact of the COVID-19 global…
ADESA hosted a single digital auction event with vehicles in 22 different locations using the company’s Simulcast+ technology. The sale was hosted in late July on behalf of The Hertz…
GWC Warranty announced significant updates to their core vehicle service contract that allow dealers to provide even better levels of coverage and more options for consumers. These enhancements to the…
The growing number of COVID-19 cases and overall economic uncertainty continue to stifle a more robust recovery, according to a report released by Cox Automotive. Cox forecasts that the seasonally…
Group 1 Automotive Inc., an international, Fortune 500 automotive retailer, reported 2020 second quarter net income of $30.2 million, diluted earnings per common share of $1.63, adjusted net income (a…
Toyota said around 200,000 Toyota Tundra vehicles are set to be recalled. The turn signals on these vehicles are too dim, leading to potential accidents when other motorists can't see…
Penske Automotive Group Inc. announced second quarter and six-month 2020 results. For the three months ended June 30, 2020, the company reported income from continuing operations attributable to common shareholders…
Sonic Automotive reported an “all-time record monthly profit in June” as part of its financial results for the second quarter ended June 30, 2020. Earnings per diluted share from continuing…
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