Lease penetration rate warrants scrutiny, observers say

12:45 pm U.S. ET | Sept. 2, 2015

Leasing has accounted for a quarter of new-vehicle sales for more than a year. That might imply stability, but industry watchers say leasing penetration deserves close monitoring. With new-vehicle prices going up, many consumers lean toward leasing because they cannot afford new vehicles.... Read More »

Plunging oil prices could affect auto delinquencies, TransUnion warns

12:30 pm U.S. ET | Sept. 2, 2015

Lost wages from plunging oil prices are expected to raise auto loan delinquencies in Canada, TransUnion says, and the company is watching for changes in the U.S.... Read More »

German carmakers win U.S. antitrust approval to buy Nokia maps

12:14 pm U.S. ET | Sept. 2, 2015

German carmakers BMW, Audi and Mercedes have won U.S. antitrust approval to buy Nokia's maps business for around 2.5 billion euros ($2.8 billion), the Federal Trade Commission said today.... Read More »

VW plans to extend CEO Winterkorn's contract until 2018

Sept. 2, 2015 10:02 CET

Volkswagen plans to extend the contract of CEO Martin Winterkorn until the end of 2018, a victory for the executive after he clashed with former Chairman Ferdinand Piech.... Read More »

F&I TIP

Use the product menu to show levels of coverage

11:32 am U.S. ET | Sept. 2, 2015

“The menu should become a solution to a problem,” said Elgie Bright, automotive marketing and management program chair at Northwood University. “Have the customer select the coverage that offers the best combination of price, length of coverage and protection to meet their needs.”... Read More »

CHRISTIAAN HETZNER

BLOG: VW should strengthen oversight of CEO Winterkorn

9:55 am U.S. ET | Sept. 2, 2015

VW Group should strengthen oversight of CEO Martin Winterkorn, who is set to receive a two-year contract extension, by appointing Qatar Airways CEO Akbar Al Baker to its steering committee.... Read More »

GM expects to be profitable in India in 5 years

6:53 am U.S. ET | Sept. 2, 2015

General Motors expects to be profitable in India in five years as it cuts costs and works toward increasing local content in its cars, the automaker's India chief told Reuters.... Read More »

Hyundai brings back Nissan's Hatami as U.S. sales chief

8:00 am U.S. ET | Sept. 2, 2015

Derrick Hatami, who left Hyundai last January to become U.S. sales chief at Nissan, will return to Hyundai to fill the company's new vacancy for a U.S. sales chief.... Read More »

VIDEO: First Shift: Aug. U.S. sales winners, losers

12:01 am U.S. ET | Sept. 2, 2015

Aug. U.S. sales winners, losers; Luxury win for Lexus; Barra's Volt frustration; New Hyundai, Nissan U.S. sales chiefs; More time to run VW; Oprah gets a car, too.... Read More »

German car sales rose 6% in August

Sept. 2, 2015 10:46 CET

German new-car registrations rose 6 percent in August, slowing from a growth rate of 7 percent in July. Germany joins France, Italy and Spain in reporting increased sales during a normally quiet month.... Read More »

Volvo sales rise 3% in August as U.S. demand offsets slowing China

Sept. 2, 2015 11:38 CET

Volvo's global car sales rose 3.2 percent in August as strong growth in the U.S. helped offset a continued slide in China, which has been hit by slowing growth and stock market turmoil.... Read More »

2015 FRANKFURT AUTO SHOW

Mercedes completes S-class family with luxury convertible

Sept. 2, 2015 09:03 CET

Mercedes will complete its S-class family with the sixth and final derivative of its flagship sedan next year, when it launches its first top-of-the-line four-seat convertible since 1971. The S-class cabriolet will be “the world's most comfortable convertible,” Mercedes says.... Read More »

Opel will launch online retail banking in Germany

Sept. 2, 2015 12:24 CET

Opel will push into online retail banking in Germany and use consumer deposits to broaden the base of its financing operation.... Read More »

Chinese supplier CW Bearing to build new U.S. headquarters near Detroit

6:50 am U.S. ET | Sept. 2, 2015

CW Bearing USA will invest $25.9 million to build a new U.S. headquarters and technical center in suburban Detroit, Michigan Gov. Rick Snyder’s office said.... Read More »

AUGUST U.S. SALES

Sales edge down but SAAR soars to 17.81 million

8:00 am U.S. ET | Sept. 1, 2015

U.S. light-vehicle sales slipped 0.7 percent, far better than projections of a 3.3 percent dip, to 1.505 million in August as consumers shrugged off volatile stock prices and continued to splurge. The annualized pace of sales soared to 17.81 million, the highest rate since July 2005 and the strongest month of the 6-year recovery.... Read More »

Land Rover to roll out two diesels in October

12:56 pm U.S. ET | Sept. 1, 2015

Land Rover expects its first U.S. diesel vehicles will account for up to 20 percent of sales for the two SUVs powered by the new-generation engines. The Range Rover Td6 and Range Rover Sport Td6 go on sale in October and will cost about $1,500 more than the gasoline V-6 models.... Read More »

RICHARD TRUETT

BLOG: Is there room under the Blue Oval for Ranger, Bronco and Troller in U.S.?

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

Ever since Ford dropped the midsize Ranger pickup in late 2011, the company has been pestered regularly and repeatedly about replacing it.... Read More »

GM slips as fleet pullback continues

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

GM's U.S. sales slipped less than 1 percent in August, as the second straight monthly drop in fleet sales offset rising demand from individual buyers. GM sold 270,480 vehicles last month, down 0.7 percent from a year earlier. GM said retail sales rose 6 percent. Fleet deliveries dropped 24 percent, amid a 38 percent decrease in rental-car sales.... Read More »

Jeep Wrangler to stay in Toledo, Cherokee leaving, Wrangler-based pickup coming

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

Fiat Chrysler has decided to keep making the Jeep Wrangler in Toledo, Ohio, move production of the Jeep Cherokee to a nearby state and build a Jeep pickup. The news comes after 11 months of uncertainty about the fate of Wrangler production in its historic home.... Read More »

JAY RAMEY

BLOG: Will the next Nissan Z be a crossover?

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

After scrapping production plans for the Nissan IDx coupes, there is now a very real possibility that the next Z car will be a crossover.... Read More »

2015 FRANKFURT AUTO SHOW

Mercedes S-class cabrio will bow in Frankfurt

6:15 pm U.S. ET | Sept. 1, 2015

Mercedes-Benz is adding a fourth convertible to its North American lineup: the S class. The German automaker will introduce the car this month at the Frankfurt auto show. Press days are Sept. 15 and 16.... Read More »

U.S. drops estimates for vehicles equipped with defective Takata airbags by 36%

4:16 pm U.S. ET | Sept. 1, 2015

U.S. auto safety regulators now believe about 19.2 million U.S. vehicles are covered by the recalls for Takata airbag inflators that can explode in a crash, 36 percent fewer than were thought earlier this summer to carry the defective parts.... Read More »

Hyundai, Kia notch records on Santa Fe, Soul

4:15 pm U.S. ET | Sept. 1, 2015

Facing stock market turmoil and an unfriendly calendar, Korean siblings Hyundai and Kia still set monthly U.S. sales records in August on strong demand for crossovers. Hyundai reported selling 72,012 vehicles for the month, a 2.9 percent increase, as Kia claimed 58,897 units sold, up 7.7 percent.... Read More »

Canada sales rise 2.2% in August

12:13 pm U.S. ET | Sept. 1, 2015

Light vehicle sales in Canada grew 2.2 percent in August to 175,512 vehicles, according to the monthly Desrosiers market snapshot report. Car sales plunged 9 percent during the month to 64,622 vehicles while truck sales surged 10 percent to 110,890 vehicles, Desrosiers said.... Read More »

Lexus grabs second straight monthly U.S. sales win, narrows gap with BMW

3:16 pm U.S. ET | Sept. 1, 2015

Lexus sold the most luxury vehicles in the U.S. in August, riding a wave of demand for its new crossover to a second straight monthly win and narrowing the gap with BMW. Sales rose 2.1 percent from a year earlier to 33,487, including 4,448 of the new $34,480 NX SUV.... Read More »

Automotive News Cover
News by Brand