Archive for January, 2009

23 January

Ahead of the Bell: Analyst cuts car retailer views (AP)

An analyst lowered his estimates on several automotive retailers on Monday, saying he expects weak vehicle demand to continue through 2009.

23 January

AutoNation Cutting New Vehicle Orders by 50% (at The Wall Street Journal Online)

23 January

AutoNation Announces 4th Quarter 2008 Earnings Conference Call and Audio Webcast Scheduled for Thursday, January 29, 2009 (PR Newswire)

AutoNation, Inc. , America’s largest automotive retailer, announced today that it will release its financial results for the 4th Quarter and full year ended December 31, 2008 on Thursday, January 29, 2009.

23 January

Copart and uShip Work Together to Provide Transport Solutions for Copart Vehicle Buyers (Business Wire)

AUSTIN, Texas—-Copart, Inc. and uShip announced today they have entered into an agreement to feature uShip as a preferred transport solution for Copartâ??s buyers on www.copart.com, which accounts for more than 1 million vehicles sold annually. uShip is an online shipping marketplace that enables users to find the best transport companies and prices for transporting hard-to-ship items such as cars, boats, freight and furniture.

23 January

Did New Car Sales Bottom in November? (at Seeking Alpha)

23 January

CarMax Announces Webcast Information for Upcoming Conference (Business Wire)

RICHMOND, Va.—-CarMax, Inc. announced today that Katharine W. Kenny, Assistant Vice President of Investor Relations, will present at the Cowen and Companyâ??s 7th Annual Consumer Conference in New York on Monday, January 12, 2009.

23 January

Lithia Motors suspends quarterly dividend (at bizjournals.com)

23 January

Lithia Motors suspends 4Q dividend (AP)

Auto retailer Lithia Motors Inc. said Monday it is suspending its dividend for the fourth quarter of 2008 because of the economic turmoil.

23 January

Lithia Motors Inc. Suspends Quarterly Dividend (Business Wire)

MEDFORD, Ore.—-Lithia Motors, Inc. today announced that its Board of Directors voted to suspend its quarterly dividend for the fourth quarter of 2008 due to the current economic environment.

23 January

[video] The New Auto Economy (at CNBC)