MEXICO: Sales surge 23%, break Nov. record
UPDATED: 12/2/16 2:34 pm ET - adds details
Sales of cars and light trucks set new records in Mexico for November and for the year to date as strong automaker financing overcame rising interest rates and a weaker peso.
GM: All four brands deliver as sales rise 10%
General Motors posted its largest year-over-year U.S. sales increase of 2016, as all four brands achieved retail gains but fleet deliveries rose for the first time in more than a year.
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
China introduced a 10 percent tax on vehicles such as the Ferrari GTC4Lusso, Bentley Bentayga and Aston Martin DB9 to combat conspicuous consumption and promote more fuel-efficient vehicles.
HYUNDAI-KIA: Fatter deals, small cars, crossovers drive Nov. records
Hyundai and Kia set sales records for November, reporting a combined 9 percent gain for the month, bolstered by fatter discounts and higher demand for compact cars and crossovers.
U.S. sales rebound, climb 3.6%; SAAR remains strong at 17.83 million
UPDATED: 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.
FORD: 5.1% gain spurred by incentives, SUVs
UPDATED: 12/1/16 5:12 pm ET - adds market share gain
Aggressive incentive spending and strong demand for pricier trim levels of its newest vehicles helped Ford Motor Co.'s U.S. sales rise 5.1 percent in November, ending a four-month skid.
NISSAN: Trucks star at Nissan brand, Infiniti
Record November sales of light trucks gave the Nissan brand an 8 percent boost for the month. The same market trend lifted the Infiniti brand 3.6 percent, compared with a year earlier.
VW: Losing streak ends; Audi rolls on
Volkswagen of America posted a 24 percent gain in November sales, breaking a yearlong streak of falling sales and signaling that the worst retail effects of its diesel emissions scandal may be over.
HONDA: New November record posted with 6.5% boost
American Honda reported record November sales, surpassing its 2014 mark as volume rose 6.5 percent to 122,924.
TOYOTA: Record truck sales drive 4.3% increase
UPDATED: 12/1/16 1:33 pm ET - adds details
Toyota Motor Sales U.S.A.'s November sales rose 4.3 percent to 197,645 vehicles compared with a year ago, propelled by record light-truck sales.