Automakers and Suppliers

Strong truck volume helps Toyota offset weak car demand

3:30 pm U.S. ET | July 1, 2015

Toyota Motor Sales, boosted by strong light-truck volume, rebounded from a sales decline in May to post a 4.1 percent jump in June deliveries.... Read More »

JUNE U.S. AUTO SALES

Trucks drive June sales up 3.9%; SAAR hits 17.16 million

8:30 am U.S. ET | July 1, 2015

U.S. light-vehicle sales, fueled by strong truck volume at Nissan, Fiat Chrysler, Honda and Toyota, rose 3.9 percent last month as the industry continued to climb toward one of its biggest sales years ever. The seasonally adjusted sales rate came in at 17.16 million, slightly below forecasts, and down from May's 17.78 million rate but higher than the 16.91 million pace set in June 2014.... Read More »

Fiat Chrysler beats Ford in monthly retail sales for first time, reports say

1:04 pm U.S. ET | July 1, 2015

Fiat Chrysler Automobiles' retail sales in the U.S. topped Ford Motor Co.'s in June, the first month that's happened, CNBC and Bloomberg reported today.... Read More »

BMW slips past Mercedes with record June for U.S. luxury lead

3:21 pm U.S. ET | July 1, 2015

BMW took the lead over Mercedes-Benz in U.S. luxury-auto sales at the halfway point this year with its best-ever June.... Read More »

Rogue fires up Nissan’s June sales

2:30 pm U.S. ET | July 1, 2015

Nissan Division posted a June sales record, gaining 13 percent over last year, thanks to big demand for its Rogue compact crossover. The brand is now looking for more production volume for the model -- which is already coming from three factories.... Read More »

J.D. Power completes NADA car guide purchase

2:37 pm U.S. ET | July 1, 2015

J.D. Power completed its acquisition of NADA's Used Car Guide today after receiving approval from U.S. regulators.... Read More »

Honda, Toyota, Nissan captives face charges of discrimination, report says

12:00 pm U.S. ET | July 1, 2015

The captive finance arms of Honda, Toyota and Nissan may have to limit how much they allow dealers to increase the cost of auto loans after regulators accused the lenders of unintentional discrimination against minority consumers. The CFPB plans to cite American Honda Finance, Toyota Motor Credit and Nissan Motor Acceptance as early as this month for unintentional discrimination, according to consent orders American Banker obtained.... Read More »

Ford expects second-half rally for F-series as inventory builds

11:00 am U.S. ET | July 1, 2015

Ford posted a 1.5 percent increase in U.S. light-vehicle sales last month, even as F-series deliveries declined to the lowest level since January.... Read More »

GM fund leaves out scores hurt or killed in cars with switch flaw

10:53 am U.S. ET | July 1, 2015

GM's compensation fund for faulty ignition switches covers only 2.59 million vehicles with that specific flaw. GM says a similar defect subsequently detected in an additional 10 million vehicles is ineligible for compensation because the company recalled the cars immediately after discovering the flaw. Some victims and their advocates think GM should expand the fund for other victims.... Read More »

VW rides hot Golf, Audi to 2nd straight monthly gain

12:00 pm U.S. ET | July 1, 2015

The red-hot Golf lineup drove Volkswagen of America to its second-straight monthly U.S. sales gain in June.... Read More »

Dealers feel the need for speed in F&I

11:00 am U.S. ET | July 1, 2015

Where do you see the greatest opportunity for improvement in your dealership's F&I operations? Asked that question, Mary Byrne, a one-time retired dealer who now is the general manager of Bruce Titus Automotive Group, didn't hesitate. “It's speed,” she said.... Read More »

Despite convenience, electronic registration is tough sell in many states

11:15 am U.S. ET | July 1, 2015

In 28 states, car buyers can drive off dealers' lots with their license plates in position and registration forms in hand, thanks to electronic registration at dealerships. But even with the benefits, some experts doubt that e-registration will adopt a convenient national standard or even become mandatory in all states because of legal barriers and insufficient sales in various states to justify the expense of establishing it.... Read More »

After 18 months, CFPB readies to reimburse Ally customers

11:30 am U.S. ET | July 1, 2015

In early 2014, Ally Financial, as part of a settlement over alleged discrimination in auto lending, submitted a list of potentially affected customers to the Consumer Financial Protection Bureau -- along with $80 million to be reimbursed to those customers. Now, roughly a year and a half later, the CFPB plans to begin contacting those customers in upcoming weeks to determine who gets the money.... Read More »

Fiat Chrysler will start Jeep output in India in 2017

July 1, 2015 16:10 CET

Fiat Chrysler will invest $280 million to begin Jeep production in India in 2017 through an expanded joint venture with Tata Motors.... Read More »

GM sales dented by pullback in fleet business

11:00 am U.S. ET | July 1, 2015

A steep drop in sales to rental companies in June magnified General Motors' weak car sales, which sank 15 percent through the first half of the year.... Read More »

Q&A

What Tuttle-Click stores look for in lenders

11:00 am U.S. ET | July 1, 2015

Bill Paschen, finance director at Tuttle-Click Automotive Group, says the ideal lender offers aggressive programs to help sell light vehicles, help dealers make money on the back end, and is available by phone when needed. But he says most lenders still don't fully understand the importance dealers place on making money on finance and insurance products.... Read More »

Japanese automakers to subsidize hydrogen station operating costs

6:25 am U.S. ET | July 1, 2015

Toyota, Nissan and Honda plan to help cover the cost of operating hydrogen stations in the country to popularize cars powered by fuel cells.... Read More »

FCA up 8.2% on strong Jeep and Chrysler 200 sales

9:00 am U.S. ET | July 1, 2015

The Jeep brand and the Chrysler 200 both helped push Fiat Chrysler’s June sales up 8.2 percent, the automaker’s best sales for the month of June since 2006. FCA US said it had 185,035 sales in June, its 63rd consecutive month of year-over-year sales gains.... Read More »

Toyota's top female executive, Hamp, steps down after arrest in Japan

4:34 am U.S. ET | July 1, 2015

Toyota said Julie Hamp, its first female managing officer, had resigned following her arrest last month on suspicion of illegally importing the painkiller oxycodone into Japan. Hamp, 55, notified Toyota of her intent to resign, the company said in a statement today.... Read More »

Porsche labor chief joins VW board

8:41 am U.S. ET | July 1, 2015

Porsche's labor chief, who once fought a merger with Volkswagen, is joining the parent company's supervisory board as a reshuffle of positions at Europe's largest automaker continues.... Read More »

Spanish new-car sales jump 24% as scrappage program boosts demand

July 1, 2015 12:31 CET

Spanish new-car sales rose 24 percent in June as a government-backed subsidy scheme continued to boost demand. In the first six months, sales increased 22 percent.... Read More »

Jaguar Land Rover will make China chief its Europe boss, source says

July 1, 2015 10:45 CET

Jaguar Land Rover will move Bob Grace, its China chief, to lead its European unit, a source said. The company's new China chief will have to deal with slowing industrywide demand amid a prolonged government crackdown on graft and conspicuous consumption, which has hit luxury car sales.... Read More »

Greek exit from euro could bring stability, German auto lobby group says

July 1, 2015 09:54 CET

Germany's auto industry lobby group, the VDA, believes a Greek exit from the eurozone may be necessary despite the setback this may bring for Europe's fragile recovery in new-car sales. Automakers are monitoring the potential effects on capital markets and exchange rates if Greece leaves the European single currency – dubbed Grexit.... Read More »

French car sales rise 15% in June on extra working days

July 1, 2015 11:14 CET

French new-car sales increased 15 percent in June as two extra working days helped to lift registrations to the biggest monthly gain in four years.... Read More »

GM Korea workers approve strike over pay, output

6:57 am U.S. ET | July 1, 2015

GM employees in South Korea voted today in favor of a strike over wages and production volumes, prompted by uncertainty over the automaker's output plans as its labor costs in the country rise.... Read More »

 
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