Vehicle SalesHyundai Q1 profit hit by slow U.S. salesApril 24, 2014 11:00 CET  Hyundai posted first-quarter net profit that was almost identical to a year earlier, as increased sales in China and Korea helped offset weak U.S. demand.... Read More »
Opel CEO targets No. 2 sales position in Europe in comeback drive 6:19 am U.S. ET | April 23, 2014  GM's Opel brand is targeting second place in deliveries in Europe in the coming years as new models attract buyers. Opel currently is the third-largest brand in the region, behind VW and Ford, according to data from the ACEA trade group.... Read More »
CPO sales rise 11% in 1st quarter 2:46 pm U.S. ET | April 23, 2014 Industrywide sales of certified used vehicles rose 11 percent in the first quarter from the year-earlier level, with many companies registering double-digit increases.... Read More »
Asbury 1st-quarter sales, continuing-operations profit rise 3:00 pm U.S. ET | April 23, 2014  Asbury Automotive Group reported a 3 percent profit slide for the first quarter of 2014, but improvements in all parts of the business drove profits from continuing operations up sharply.... Read More »
Asbury to open 2 used-vehicle stores; COO to retire 7:35 am U.S. ET | April 23, 2014  Asbury Automotive said today it will open two stand-alone used-vehicle stores later this year. The company plans to open the two used-vehicle stores in Florida under the “Q auto” brand name.... Read More »
AutoNation envisions quick, easy buying at digital store 12:01 am U.S. ET | April 23, 2014 When AutoNation fully rolls out its so-called digital storefront, the following scenario may not be all that far-fetched.... Read More »
Toyota's global sales top VW, GM for 3rd straight quarter 5:11 am U.S. ET | April 23, 2014  Toyota outsold VW Group and GM for a third straight quarter. Toyota sold 2.58 million units in the January-to-March period, it said today. Second place is too close to call as GM and VW said they each sold about 2.4 million vehicles.... Read More »
Toyota outsells VW, GM for 3rd straight quarterApril 23, 2014 11:11 CET  Toyota outsold VW Group and GM for a third straight quarter. Toyota sold 2.58 million units in the January-to-March period, it said today. Second place is too close to call as GM and VW said they each sold about 2.4 million vehicles.... Read More »
AUTOMOTIVE NEWS EUROPE E-MAGAZINE Golf dominance, premium push intensify battle in compact segmentApril 22, 2014 06:01 CET  Most volume automakers face double trouble in the crucial compact segment. They need to find a way to win sales from the dominant Volkswagen Golf while also defending against premium brands aggressively pushing into the segment.... Read More »
Manufacturers brace for the used-car flood 12:01 am U.S. ET | April 21, 2014  A projected increase in the supply of used vehicles will be good news for U.S. dealers who have been battling a lingering effect of the recession. But it will be a double-whammy for new-car buyers: lower value on their trade-ins and less-attractive lease terms.... Read More »
Spring sales thaw spawns optimism for full year 12:01 am U.S. ET | April 21, 2014 Sales thawed out in March and early April after the frigid winter, and auto executives at the auto show in New York City were optimistic about the rest of the year. They see growing consumer confidence and strong demand for pickups and crossovers.... Read More »
What can industry do to boost leases, residuals? 12:01 am U.S. ET | April 21, 2014 Interest rates, gasoline prices, unemployment and natural disasters are among the unpredictable forces that have an impact on the economy. In turn, the economy has an impact on leasing.... Read More »
What's powering market? Off-lease surge, says Webb 12:01 am U.S. ET | April 21, 2014  What's driving new-vehicle sales in 2014?... Read More »
GM recalls have had no 'measurable impact' on sales, Ammann says 1:03 pm U.S. ET | April 20, 2014  Citing his company's 4 percent sales gain in March and a "decent start" for sales in April, General Motors President Dan Ammann said the company's ignition switch recall has had no "measurable impact" on sales.... Read More »
VW signals it will outsell GM in China for second straight yearApril 19, 2014 14:34 CET  Volkswagen forecast that its sales in China will increase 10 percent or more in 2014, signaling that it will outsell General Motors in the world's biggest auto market for a second straight year.... Read More »
AutoNation envisions quick, easy buying at digital store 12:01 am U.S. ET | April 19, 2014 When AutoNation fully rolls out its so-called digital storefront, the following scenario may not be all that far-fetched.... Read More »
LARRY P. VELLEQUETTE Ohio man's collection of '36 Fords going to auction 12:01 am U.S. ET | April 19, 2014  As a young man, Emery Ward Jr. fell in love in 1936 -- with a Ford. He never got over the attraction. In fact, the older he got, the more it intensified.... Read More »
U.S. dealers grapple with recall pain -- missing parts, overtime, lost sales 2:23 pm U.S. ET | April 18, 2014  With multimillion-unit recalls by GM and Toyota, and numerous smaller recalls by other automakers, dealerships in the United States are grappling with missing parts, rising overtime costs for technicians, frustrated customers, and lost sales.... Read More »
YANG JIAN French automakers are poised to grab market share in China 12:01 am U.S. ET | April 18, 2014  PSA/Peugeot-Citroen and Renault will soon become forces to be reckoned with in China. PSA is racing to introduce new products while Renault prepares to start local production.... Read More »
European car sales rise 10% in MarchApril 17, 2014 09:08 CET  European car sales jumped 10 percent in March, the seventh consecutive monthly gain, as new models to replace aging vehicles and an economic rebound boosted demand. First-quarter sales rose 8 percent.... Read More »
GM's global sales rise 2% to 2.42 million in Q1 4:19 pm U.S. ET | April 17, 2014  General Motors said global vehicle sales rose 2 percent during the first quarter. Increasing deliveries in China helped make up for declines in the United States and Brazil.... Read More »
AutoNation says Q1 net income rose 15% to $95.1 million 7:11 am U.S. ET | April 17, 2014  Despite 10 weeks of problematic winter weather to start the year, a late March rebound in dealership traffic helped drive AutoNation's net income 15 percent higher in the first quarter of 2014 from the year-earlier period, the company said today.... Read More »
AUTOMOTIVE NEWS EUROPE E-MAGAZINE BMW dealers with Product Geniuses boost profit and customer satisfactionApril 17, 2014 06:15 CET  BMW dealers in Europe taking part in the automaker's Product Genius program are getting a financial boost. The tech-savvy employees' no-pressure explanation of the features available in BMW's vehicles has increased the purchase of high-margin options by 10 percent to 15 percent, the company said.... Read More »
LINDSAY CHAPPELL Brace yourself for 'velocity' 1:06 pm U.S. ET | April 16, 2014  There’s a new buzzword trending through the car business right now: velocity. It has been popping up in conversations and presentations for a while, and is on the lips of visitors here at the New York auto show. And it might be a good thing.... Read More »
2014 NEW YORK AUTO SHOW Hyundai goes mild with 2015 Sonata makeover 10:15 am U.S. ET | April 16, 2014  Hyundai is tweaking the recipe that made the Sonata one of the industry's hottest mid-sized sedans in recent years with a makeover for 2015 that is more mild than spicy. The redesigned 2015 Sonata, introduced at the New York auto show today, will offer more technology and safety equipment than the outgoing model.... Read More »
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