The momentum for leasing is driving car and light truck sales to a six-year high in the United States. Sales may climb 15 percent for July to 1.33 million, the average estimate of nine analysts in a survey by Bloomberg News.
Ally Financial's losses widened to $927 million in the second quarter, mostly related to its former mortgage subsidiary, but its core auto finance business posted a pretax profit on continuing operations of $382 million, down 13 percent from a year earlier.
Denso's profits surged in the quarter that ended June 30, in part because of currency gains, as revenue rose on higher vehicle production in North America and emerging markets, the world's second-largest automotive parts supplier said today.
F&I revenue per vehicle rose at the six largest publicly traded new-car dealership groups in the second quarter, climbing as much as 10 percent from year-earlier levels and hitting records at three of the groups.
Just as some younger customers are technophobes, some older customers are tech savvy. Your presentation should be geared to the individual, not the individual's demographic group and perceived learning style. That's one of the tips that emerged from last month's Automotive News F&I Week.
Ford will offer the 2014 F-150 with an equipment package that allows the popular pickup to run on compressed natural gas or liquid propane gas. The option will be available on F-150s powered by Ford's 3.7-liter V-6 engine.
A ruling by a U.S. judge risks delaying Fiat's plan to buy up all of Chrysler unless it can reach an out-of-court settlement with a healthcare trust that is a minority shareholder in the American automaker.
General Motors CEO Mary Barra comments on lessons from mom; girls who shy away from math; slicing a 10-page policy down to two words; tapping millennials to erase stupid habits; taking regular trips to Silicon... » Watch the Video