Pioneering automobile dealer Lockhart dies
Freda Lockhart was the first woman to open dealerships for Cadillac and Saturn automobiles.
Auto Dealers
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Legislation to protect car dealers re-emerges at Statehouse
Dozens of Chrysler and General Motors dealers in Indiana were terminated last year. Now, a dealer trade group wants to
block automakers from preying on termination fears to wrest concessions from surviving dealers.
Falcone mourning Saab
Former dealer saw the end coming, but says customers are following him to Volkswagen and Subaru.
Even Bentley sales are down
A Zionsville dealer says the economy is influencing its wealthy buyers, but things would be worse under Rolls-Royce.
KAR Auction Services shares inch up after IPO
Shares of KAR Auction Services Inc. Friday inched above prices set by the vehicle auctioneer in its initial public offering.
KAR Auction Services shares open lower after IPO
Stock in Carmel-based KAR Auction Services Inc. on Friday morning traded below prices set by the vehicle auctioneer in its
initial public offering.
Saturn’s loss, Byrider’s gain
J.D. Byrider, the Indianapolis chain of used-car lots, is courting Saturn dealers to come into the fold as Byrider franchisees.
Kokomo plants benefit from ‘clunkers’ program
The federal government’s popular Cash for Clunkers program that ended Monday gave a boost to Kokomo’s Chrysler
plants.
Clunkers program a jolt for car sales, not a fix
Now comes the hard part for the auto industry – luring customers without big Cash for Clunkers discounts.
Purdue prof: ‘Clunkers’ could stall retail sales
The federal ‘Cash for Clunkers’ program has opened a floodgate of car sales that President Obama says is a much-needed
boost for the economy. But retailers may feel the negative effects of America’s collective investment in new cars, predicts
a Purdue Retail Institute researcher.
House bill aims to restore GM, Chrysler dealers
Palmer Chrysler Jeep Dodge on the west side closed last month as part of Chrysler LLC’s bankruptcy reorganization. But
the dealership would sell the company’s cars once more given the chance.
Vacant dealerships join already rocky real estate market
The owners of car dealerships slated for closure by Chrysler and General Motors face a tough environment for unloading their
real estate, but an expected onslaught of such properties has at least one company preparing to grab a slice of the business.
Auto sellers want refuge from industry fallout, but trio of bills have fallen flat at Statehouse
Car dealers fearful of losing their flagship brands if auto manufacturers crash and burn aren’t getting much help from the
Indiana General Assembly.
City government should shop locally
Good luck getting people to buy from local vendors or manufacturers.
Indian truck maker Mahindra making inroads at local dealers
Indianapolis Ford dealers John Pearson and Ray Skillman will be among the 300 domestic dealers
of Mahindra trucks and SUVs when the company makes its U.S. passenger car debut as early as next summer.
Worst auto market in 30 years might force consolidation
New car dealers, usually among the most resilient of all small businesses in weathering economic downturns, are hanging on
for dear life this time around, portending a shakeout among Indiana’s 520 dealers.
Automotive Finance Corp. writes off $162 million, reflecting slow auto sales
Slowing auto sales have forced Carmel-based Automotive Finance Corp., which lends money to car dealers to buy used vehicles
at auction, to take a big write-off on the declining value of its loan portfolio.
Dreyer & Reinbold adds Maserati luxury line
In the midst of one of the worst financial markets in decades, Dennis Reinbold has launched Maserati of Indianapolis at his
Dreyer & Reinbold BMW Infiniti-Mini complex on the north side.
High fuel prices take toll on resale values for trucks, SUVs
As motorists rush to buy antacid pills with each $4.25-a-gallon fill-up, the same car dealers who got pudgy five years ago selling SUVs with $6,000 profit margins are scrambling to profit from Aveos or anything else with decent mileage.
Three failed businesses sink former Carson foe Dickerson
Former car dealer and congressional candidate Eric Dickerson has filed for personal bankruptcy after three failed businesses
left him saddled with more than $1 million in debt. Dickerson says he is virtually broke save for a $101,000 inheritance he
is set to receive from the estate of his late mother.