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Sonic warns of weaker Q4 profits related to BMW, Honda challenges
Sonic Automotive — for the second time in three quarters — has issued a profit warning for weaker-than-predicted quarterly results related to incentives and performance from BMW and Honda. The retailer is set to release fourth-quarter results Feb. 20.
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Subaru emphasizes safety, capability with Forester ad campaign

Subaru of America has launched its national ad campaign for the redesigned 2019 Forester and much like the vehicle itself, the commercials have a familiar look and feel.


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Lithia gets Q4 lift from used cars

A double-digit percentage rise in used-vehicle sales and higher finance-and-insurance income helped give Lithia Motors, the country's fourth-largest dealership group, a boost in fourth quarter revenue and adjusted earnings. But net income dropped on a comparison with the year-earlier quarter that included a large one-time tax benefit.


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Break the rules? Expect the consequences
Dealerships should document the penalties for violating store policies. If an employee can plead ignorance to the consequences of breaking a rule at a dealership, there's something missing from the compliance standards.
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Serious auto delinquencies reach highest level since 2012

The New York Fed is keeping a close eye on a recent uptick in auto loan originations to borrowers with subprime credit and an increase in delinquencies among younger buyers.


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Retiring F&I Express CEO to assist in transition

Brian Reed, CEO of F&I Express, has retired about four months after Cox Automotive acquired the business. Reed for more than a decade has been an advocate for online car-buying and electronic contracting for F&I products.


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Could auto tariff threat be a turning point?

The fate of legislation to restrict the president's trade powers will be an important test of the auto industry's clout in the new Congress.


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Trump faces tough sell to dealers bracing for auto tariffs

Dealer Jim Smail in Greensburg, Pa., voted for Donald Trump because he wanted a businessman in the White House. The president's trade wars have changed his mind.


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Service customer sues store for loaning out her vehicle
A service customer has filed a lawsuit accusing Stateline Nissan in Rhode Island of loaning her car to another customer for a week. Pretrial discovery is underway.
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Nominate an impact player for 40 Under 40 auto retailing honors

Automotive News is selecting the 2019 class of 40 Under 40 in auto retailing. We'll profile the honorees in the July 15 issue and celebrate their accomplishments during a luncheon at the NADA Show in February 2020.

If you know someone under age 40 who is making a big impact at a new-car dealership in the U.S., we want to know. Self-nominations are welcome. Go to autonews.com/40under40 and complete the nomination form. Then we'll contact the nominees and ask them to tell us more about their automotive careers. The deadline for nominations is March 24.

This 8th annual 40 Under 40 program is sponsored exclusively by Ally.


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