Vehicle Sales

Michelin will double sales of budget tires to counter Chinese gains

Nov. 28, 2014 06:01 CET
Michelin will nearly double the proportion of budget tires in its global sales mix to as much as 30 percent to counter the huge rise in Chinese imports sold in Europe and the U.S., CEO Jean-Dominique Senard told Automotive News Europe.... Read More »

 

Audi makes Q3 greener to keep lead over BMW X1

Nov. 27, 2014 11:34 CET
The Audi Q3 will get more efficient powertrains with technology such as the crossover's first use of fuel-saving cylinder deactivation as part of its mid-cycle refresh. Audi starts European sales of the revised Q3 in February.... Read More »

 

India may extend tax breaks for carmakers beyond 2014, report says

Nov. 27, 2014 11:08 CET
India may extend excise duty concessions for carmakers beyond Dec. 31, a finance ministry source said. European automakers such as Renault and VW are trying to gain a foothold in the market, which is led by Asian brands.... Read More »

 

Discounts, falling gas prices driving Nov. sales higher

3:30 pm U.S. ET | Nov. 25, 2014
The U.S. auto industry may post its highest November sales volume since 2001, and one forecaster says light-vehicle transaction prices are on pace to reach the highest level ever for a second consecutive month. Year-end clearance sales and the lowest gasoline prices since 2010 are two big factors behind the forecasts.... Read More »

 

Lexus' Bracken says 300,000 U.S. sales 'is within our grasp' this year

1:35 pm U.S. ET | Nov. 24, 2014
Lexus is raising its U.S. sales target to 300,000 vehicles this year, General Manager Jeff Bracken said. “We started the year with a sales goal of 290,000 units,” Bracken told Automotive News. “Now 300,000 is within our grasp.”... Read More »

 

Fiat takes on 'Fix It Again, Tony' in spot for the 500X

11:30 am U.S. ET | Nov. 24, 2014
Fiat global brand head Olivier Francois calls Tony “the elephant in the room.” And for more than five years, Fiat has tried to run away from him, even though Tony does not exist, but no more. A new spot for the Fiat 500X finally takes on Tony -- the nom de guerre for the brand's decades-old quality woes in its “Fix It Again, Tony” English-language acronym.... Read More »

 

Hyundai-Kia says it will sell record 8 million vehicles globally in 2014

6:22 am U.S. ET | Nov. 24, 2014
Hyundai and Kia said better-than-expected sales in Brazil, China and India will help them sell a record 8 million vehicles this year, even as a stronger won erodes profitability.... Read More »

 

FROM HANDICAP TO HANDY SOLUTION

Ghosn: Nissan will fill gaps with Japanese imports

12:01 am U.S. ET | Nov. 24, 2014
As Nissan Motor Corp. pushes to boost U.S. market share and cut reliance on Japanese imports, it's clear which goal takes priority: selling more vehicles. Even if it takes more imports to do it. Nissan CEO Carlos Ghosn says the devalued yen has made his Japanese plants an acceptable solution to augment North American production as the company stretches for a 10 percent U.S. market share.... Read More »

 

Now that's what I call a comeback

12:01 am U.S. ET | Nov. 24, 2014
It's official. The comeback that has followed the bottoming out of auto sales in 2009 has some serious legs. In fact, it's the longest-lasting post-recession sales rebound in modern history.... Read More »

 

South Korea embraces European imports. Yes, South Korea

12:01 am U.S. ET | Nov. 24, 2014
Here is a fairly stunning statistic: South Koreans, long viewed as among the most nationalistic of car buyers, are on track to spend more on vehicle imports from Europe this year than their country takes in from its own vehicle exports.... Read More »

 

ARLENA SAWYERS

Popping the subprime bubble myth

12:01 am U.S. ET | Nov. 24, 2014
There is no subprime auto loan bubble, darn it. That message came through loud and clear at session after session devoted to subprime lending during the Used Car Week Conferences sponsored by Auto Remarketing magazine this month in Las Vegas.... Read More »

 

Structural damage or fender bender?

12:01 am U.S. ET | Nov. 24, 2014
TrueFrame will inspect any vehicle, at a dealership's request, that has an accident on its history report. TrueFrame issues its own report if the vehicle passes its cosmetic and structural standards. The TrueFrame report is sent to the dealership that requested it and to vehicle history reporting companies such as Carfax Inc., which has agreed to link TrueFrame reports to its vehicle history reports.... Read More »

 

Next phase of multiplatform sales? Hold your horses

12:01 am U.S. ET | Nov. 24, 2014
Remarketers, auto dealers and others had hoped to hear at a remarketing conference this month about when the next stage in online multiplatform auction selling would arrive. But when Jay Cadigan, who represents Manheim in conversations with other key players hammering out details of the initiative, was asked about its timeline, he demurred.... Read More »

 

BMW, Mercedes gain in once-impregnable Korea

Nov. 23, 2014 06:01 CET
South Korea's car imports have leapt from 3 percent of sales a decade ago to 14 percent today as foreign brands led by Germany's BMW and Mercedes take advantage of a free trade deal to grow sales in a once-impregnable market.... Read More »

 

Two-car households will decline, KPMG report predicts

12:01 am U.S. ET | Nov. 22, 2014
Two-car households may be on the decline as urbanization increases, but they are far from disappearing, a KPMG report said this week.... Read More »

 

CHRISTIAAN HETZNER

Volkswagen raises the stakes in China

9:22 am U.S. ET | Nov. 21, 2014
Volkswagen's investment plans for the next five years tell one story very clearly – the company is becoming ever more dependent on growth in China in its bid to overtake Toyota as the world's No. 1 carmaker.... Read More »

 

Hertz hires airline veteran Tague to revive company

12:12 pm U.S. ET | Nov. 21, 2014
Hertz Global Holdings named John Tague as its new CEO, appointing the manager credited with boosting sales at United Airlines to restore investors' confidence in the car-rental company plagued by an aging fleet and sloppy accounting.... Read More »

 

Gestamp expects China to be its No. 3 market by 2015

Nov. 21, 2014 06:01 CET
Gestamp, a Spanish supplier of metal auto parts, predicts that by 2015 China will become its third-largest market worldwide, after Germany and Spain.... Read More »

 

BMW may need to boost i8 output to cut waiting time

Nov. 20, 2014 18:26 CET
BMW may have to increase production of its i8 plug-in hybrid supercar to meet high demand. The waiting time of up to 18 months for the 120,000 euro coupe is too long, BMW sales chief Ian Robertson said.... Read More »

 

LOS ANGELES AUTO SHOW

Fiat expects new crossover to outsell 500 minicar in U.S.

Nov. 20, 2014 11:11 CET
Fiat expects its Fiat 500X SUV to be even more popular in North America than its retro-styled 500 minicar as it appeals to customers seeking a larger car with the option of four-wheel drive.... Read More »

 

Ford to cut 20% of staff at B-Max plant in Romania

Nov. 19, 2014 15:35 CET
Ford will lay off 20 percent of the workforce at the Romanian plant that builds the B-Max as it adjusts to falling sales of the subcompact minivan.... Read More »

 

Cadillac will report its own financial results, de Nysschen says

5:59 pm U.S. ET | Nov. 19, 2014
GM's Cadillac luxury line, working to revive its image, will begin reporting financial results about 2017 and double global sales by the end of the decade, said Johan de Nysschen, the brand's chief.... Read More »

 

ARLENA SAWYERS

Popping the subprime bubble myth

12:01 am U.S. ET | Nov. 19, 2014
There is no subprime auto loan bubble, darn it. That message came through loud and clear in session after session during the recent Used Car Week conference sponsored in Las Vegas.... Read More »

 

More car buyers are OK with dealer texting, survey says

2:20 pm U.S. ET | Nov. 19, 2014
Dealers who want to best engage with tech-savvy buyers should try text messaging to communicate, according to survey results released today.... Read More »

 

Volvo Cars plots U.S. resurgence with model overhaul

10:00 am U.S. ET | Nov. 19, 2014
Chinese-owned Volvo Car Group said today a sweeping overhaul of its model range over the next five years would propel its long-suffering sales volumes in the United States back above 100,000 cars per year.... Read More »

 

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