News & Events | American International Automobile Dealers

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First Up 10/28/20

Asbury More Than Doubles Q3 Net Income

Asbury Automotive Group Inc. posted its highest-ever quarterly profit in the third quarter — the fourth public retailer to do so this month — as the largest dealerships benefited from higher gross profits on new- and used-vehicle sales amid short supply.

First Up 10/27/20

Dealers Recognized for Leadership During 'Unprecedented Times'

Ally says auto dealers “play a vital role in the economic fabric of the country.” But, reports Auto Remarketing, this year’s TIME Dealer of the Year Award celebrates dealers’ “ingenuity and leadership in the face of incredible challenges,” because of the COVID-19 pandemic, Ally Auto Finance president Doug Timmerman said in a news release.

First Up 10/26/20

Auto Trade, Environmental Policy at Stake in U.S. Election

Automotive News reports that in an unpredictable year upended by the coronavirus pandemic and the resulting recession, next week's presidential election should answer at least one question: Who will shape the nation's policy affecting the auto industry over the next four years?

First Up 10/23/20

A Bad Year Gone Good, Says Toyota's U.S. Sales Chief

What looked to be a disastrous year for the American auto industry is turning out to be far better than expected, according to Bob Carter, the head of U.S. sales for Toyota.

First Up 10/22/20

AutoNation Profit Jumps as Strong Demand, Tight Inventory Drive Prices

AutoNation Inc's quarterly profit nearly doubled on Wednesday as a stronger-than-expected recovery in demand and tight inventories helped drive more profit per vehicle just months after the pandemic slammed the economy, reports Reuters.

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