Author: David Muller
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CDK’s revenue climbs, earnings drop in Q2
Growth was largely attributable to a strong quarter for the company’s North America retail business, which got a boost from the acquisiton of ELEAD1ONE.
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Jan. new light-vehicle sales slide 1%
Despite a generally healthy U.S. economy, analysts continue to point toward rising prices and interest rates as a challenge for new vehicle sales in 2019.
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CDK: No more customer service nightmares
The DMS giant said it is improving its customer service and will simplify its billing.
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Carvana sees enormous upside for used-car market
The used-car market is fragmented but also elastic; it can be stretched larger, Carvana CEO Ernie Garcia says.
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A tepid outlook for 2019
Analysts predict a lackluster automotive market in 2019 amid uncertainties such as rising interest rates and federal tariffs in addition to record-high vehicle prices.
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6 used-vehicle trends to watch in 2019
Analysts predict a lackluster automotive market in 2019 amid uncertainties such as rising interest rates and federal tariffs in addition to record-high vehicle prices.
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A wrench in group’s plans to restructure
A judge’s ruling that Ford Motor Credit can reclaim vehicles worth up to $90 million from bankrupt Texas dealership group Reagor Dykes likely will torpedo the retailer’s latest attempts to restructure.
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Cars.com could be sold as a result of strategic review
The review comes amid pressure from an activist investor that has called for a leadership change or sale of the new and used-vehicle shopping site if there is not a marked improvement in results.
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Affordability tops concerns for NADA’s Welch
Vehicle prices and monthly payments are hitting all-time highs, making the NADA chief wonder whether it’s time for a new Henry Ford.
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Cox makes way for mobility fleet servicing
A Manheim auction site in Atlanta has been revamped as the flagship hub for present-day fleet servicing and forward-looking mobility solutions.