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.

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

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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.

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.

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