Last year was the best ever for auto dealership profits, and signs point to a better 2013. In 2012, pretax profit at the average U.S. dealership rose 6 percent to $843,697 in constant 1982 dollars. NADA chairman David Westcott is optimistic about the industry's profits this year.
France has blocked the registration of some new Mercedes vehicles due a controversial air-conditioning refrigerant. Daimler confirmed that authorities have refused to register Mercedes A class, B class and CLA cars.
Renault and Dongfeng Motor are hoping to sign a joint-venture deal later this month to begin production of vehicles in China. The operation would have annual production capacity of 150,000 vehicles and begin producing SUVs and minivans in 2014.
VW Group's Seat division is asking workers to take turns to stay at home to cope with weak demand. Seat wants to halt production for 16 days on one of its lines between September and December and stop production for 35 days next year on another line.
Fiat raised its stake in Chrysler by 3.3 percent as part of CEO Sergio Marchionne's step-by-step purchases to lead to full control of Chrysler and the creation of a merged company that would be able to compete better with Toyota, GM and VW.
BMW's brand sales rose faster in June than at Audi and Mercedes as demand from China and the United States helped the premium carmaker to extend a lead over the two rivals in the first six months of the year.
The Toyota Camry and the Honda Civic, the top-selling mid-size and compact cars in the United States, face risks of reduced production as inventories of the models rise, an RBC Capital Markets report said.
A study of car dealership sales techniques shows that luxury brands often are the most effective deal-closers and also are best at making customers happy. Among mass-market brands, Hyundai, Kia, Ford and Toyota were the leaders.
Mobileye, whose collision-avoidance technology has been adopted in cars made by the likes of BMW and General Motors, said on Sunday it had raised money from five investors that valued its equity at $1.5 billion, highlighting the market potential for driver-assistance systems.
Car dealers have an extra year to grapple with a key provision of President Barack Obama's health care law, but the question is, will they make the most of it? The Obama administration said last week that it will wait until 2015 to enforce the so-called employer mandate, which requires businesses...
VW Group development coordinator Ulrich Hackenberg is looking at ways of shaving weight, cutting CO2 emissions and lowering the costs of future models. He says that VW can challenge value brands by building a 6,000-euro car.
The market for large sedans has shrunk steadily over the past several years, thanks to the phaseout of fleet favorites such as the Ford Crown Victoria. But new or redesigned models from Toyota, Hyundai, Kia and Chevrolet are breathing new life into the segment, especially in retail showrooms.
Chrysler Group has opened ordering and begun production of the 2013 Dodge Dart GT, a more powerful version of the compact sedan. When Dodge announced the car in January, it said production would begin in the second quarter.