Group 1 Automotive slumps to 7-year low (AP)
Shares of Group 1 Automotive Inc. recovered to end higher after earlier hitting their lowest point in more than seven years Thursday.
October 23, 2008
Wal-Mart Goes Even Bigger Box - With Cars (at Minyanville.com)
How ’bout a Toyota with that toilet paper?
CarMax considers less lending from its finance arm (AP)
Auto retailer CarMax Inc. said Wednesday it is considering shifting lending from its financing arm to outside lenders in order to reduce the impact of the credit crunch on the company’s profits.
Penske Automotive Group to Host Third Quarter Earnings Conference Call (Business Wire)
BLOOMFIELD HILLS, Mich.—-Penske Automotive Group, Inc. , an international automotive retailer, will host its third quarter financial results conference call as follows: WHEN: Thursday, October 30, 2008 TIME: 2:00 p.m.
Ahead of the Bell: CarMax traffic remains weak (AP)
Traffic at CarMax Inc. outlets remains weak, an analyst said Wednesday morning, making the automotive retailer “a tough story for the bulls to defend.”
AutoNation shares decline following downgrade (AP)
Shares of AutoNation Inc. declined on Monday after Standard & Poor’s Equity Research downgraded the auto retailer, citing the weak vehicle market.