Retail
MARCH U.S. AUTO SALES

March sales rise as U.S. industry turns to incentive ‘drugs’

4:21 pm U.S. ET | March 19
Auto sales gained strength in early March as automakers offered big incentives and melting February snows made it easier for buyers to reach showrooms. Edmunds.com Inc. forecasts a seasonally adjusted annualized sales rate of 13.2 million for the month. Except for a 13.... Read More »
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Ford brings theater to Argentina's countryside in tales of magic realism

11:07 am U.S. ET | March 19
Tapping into Latin America's literary tradition of magic realism, Ford Motor Co. is bringing wondrous tales along with trucks to little-used theaters in rural Argentina.... Read More »
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Ford, Honda, VW have fewest extended service claims, study says

12:01 am U.S. ET | March 17
Certain Fords, Hondas and Volkswagens were the most dependable vehicles covered by their contracts, according to a study by the extended service contract administrator Warrantech. "The more reliable vehicles require less insurance reserves.... Read More »
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Sales

N. American vehicle output to rebound sharply, CSM says

2:26 pm U.S. ET | March 19
Vehicle production is expected to rise over the next six months as automakers bounce back from the steep cuts of early 2009.... Read More »
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Dealers

Hyundai names Perry interim head of U.S. marketing

3:17 pm U.S. ET | March 18
Hyundai Motor America has named Chris Perry the interim head of its marketing department as it begins a search for a new vice president. Perry, 49, will replace Joel Ewanick, who left today to take the post of vice president of marketing for Nissan Division.... Read More »
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Finance & Insurance

Congressional panel urges breakup of GMAC

12:01 am U.S. ET | March 15
GMAC Inc. still has no business plan even after receiving a $17.2 billion investment from the government, and the Treasury Department has been lax in making sure that the bank repays taxpayers, a congressional panel said.... Read More »
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Marketing

McLaren unveils supercar to take on Ferrari

12:01 am U.S. ET | March 19
McLaren unveiled the first of a range of supercars that will take its Formula One battle with Ferrari and Mercedes-Benz from the racetrack to the streets.... Read More »
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Remarketing

Auto auction purchases fell 6 percent in 2009

4:36 pm U.S. ET | March 12
Dealers purchased almost 9 million vehicles at National Auto Auction Association member auctions in 2009, down 6 percent from 2008, according to the auction group's 13th annual survey.... Read More »
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Service & Parts
THE TOYOTA RECALL CRISIS

Toyota considers fixes to 1.2 million Corollas, Matrixes

12:01 am U.S. ET | March 18
Toyota Motor Corp. has told U.S. safety regulators it is considering how to fix nearly 1.2 million Corolla and Matrix models that risk stalling because of flaws in an electronic system. In a letter to the National Highway Traffic Safety Administration, Toyota said it wanted to meet U.S.... Read More »
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NADA

Store profits up in '09; cost cuts help offset weak revenues

12:01 am U.S. ET | March 1
The average U.S. dealership's profits rose sharply last year despite lower overall revenues and fewer unit sales industrywide. The average dealership's net pretax profit margin rose to 1.5 percent in 2009 from 1.... Read More »
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