GM: All four brands deliver as sales rise 10%
Penske acquires used-only dealership group
Penske Automotive Group is adding used-only vehicle dealerships. The nation’s second-largest auto retailer has signed a deal to acquire CarSense, a stand-alone retailer of used vehicles with stores in Philadelphia, Pittsburgh and southern New Jersey.
China slaps 10% tax on ultraluxury vehicles
HYUNDAI-KIA: Fatter deals, small cars, crossovers drive Nov. records
U.S. sales rebound, climb 3.6%; SAAR remains strong at 17.83 millionUPDATED: 12/1/16 7:03 pm ET - adds details
After three straight monthly dips, U.S. light-vehicle sales in November rose 3.6 percent from a year earlier, helped by more generous deals and strong truck demand. Ford, Honda, Nissan, Toyota and GM posted gains. Industrywide volume hit a November record and the SAAR remained strong but dropped to 17.83 million from this year's highest rate -- October's 17.98 million.