Tag: Dealerships

Asbury Q1 earnings: Income, revenue down with fewer dealerships

Asbury Automotive Group Inc.’s net income dropped 24 percent to $181.4 million and its revenue fell 8.4 percent to $3.58 billion during the first quarter as the national auto retailer operated with fewer

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Used-car dealer U.S. Auto Sales furloughs employees

Last week, the dealer group’s usautosales.info website contained a pop-up declaring, “We have temporarily closed our dealerships and are working on a solution to reopen them as soon as possible. But don’t worry,

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2023 to be ‘sweet spot’ year for autos …

THE theme for 2023 in the auto industry is going to be asymmetry.  The industry will remain asymmetric for some time and that will have both positive and negative impacts on dealerships. We

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John Hughes, Founder & Managing Director of John Hughes Group

Those in the market for a used car prize one feature above all others: trust. If a seller is trustworthy, then any worries surrounding the quality or history of the vehicle are immediately

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US Auto Sales closing down all dealerships in Southeast

LAWRENCEVILLE, Ga. — After announcing Monday they would be abruptly shutting down its business temporarily, Southeast car dealer giant U.S. Auto Sales is officially shuttering its operations. The news came down Sunday evening

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I’m a Car Dealer. Here’s What Shoppers Need to Know About Buying.

Whitney Yates-Woods is president of Yates Buick GMC in Goodyear, Arizona. Whitney Yates-Woods Whitney Yates-Woods became dealer principal at her family dealership two years ago. As a woman in the industry, Yates-Woods wants

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US Auto Sales abruptly closes their dealerships across Southeast

ATLANTA — The future of U.S. Auto Sales is uncertain as many factors seem to have led the company to temporarily close its 39 dealerships across six states including Georgia, Florida, Tennessee, South

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Car dealerships sell in 4 states in single-store deals

Morrie’s Auto Group made its first acquisition of 2023 and entered a new part of Minnesota with the purchase of a Stellantis store this month. Morrie’s, of Minnetonka, Minn., west of Minneapolis, on

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Begnal Motors in town of Ulster sold to Tasca Motors – Daily Freeman

The Tasca Motors sign at the former Begnal Motors facility on Route 28 in the town of Ulster can be seen on Wednesday, April 19, 2023. (Tania Barricklo/Daily Freeman) TOWN OF ULSTER, N.Y.

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Used-car dealer U.S. Auto Sales temporarily closes

The southeastern used-vehicle dealership chain U.S. Auto Sales has closed its 39 locations indefinitely, the company’s website stated Tuesday. “We have temporarily closed our dealerships and are working on a solution to re-open

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