Retail

REMEMBERING KATRINA

New Orleans dealers recall aftermath of the storm

12:01 am U.S. ET | Aug. 29, 2015

Ten years ago, Hurricane Katrina battered the Gulf Coast, killed at least 1,000 people in Louisiana and turned New Orleans into a vast flood zone. A pair of New Orleans-area dealers recall the aftermath of the storm and how it changed their business.... Read More »

Calif. dealers call Tesla referral deal illegal

1:11 pm U.S. ET | Aug. 28, 2015

A new referral program from Tesla Motors that offers discounts to buyers referred by a Tesla owner is drawing complaints from dealers in the electric-car manufacturer’s home state of California.... Read More »

Subaru sees no immediate return to Tianjin port after blast

10:01 am U.S. ET | Aug. 28, 2015

Subaru maker Fuji Heavy Industries said today that it will keep diverting car exports from Tianjin to Shanghai for now because its Tianjin operations have yet to return to normal after explosions in the Chinese port city this month.... Read More »

Bosch acquires U.S. electric car battery developer Seeo

9:43 am U.S. ET | Aug. 28, 2015

German auto supplier Robert Bosch has bought Seeo, a California-based company that has developed next-generation lithium-ion batteries that could double the range of electric cars.... Read More »

Musk takes page from PayPal with Tesla Model S referral offer

7:06 am U.S. ET | Aug. 28, 2015

Elon Musk reached back to his days at PayPal for Tesla's first-ever incentive offer. Anyone who orders a new Model S sedan before Oct. 31 using the referral link of a current owner will get $1,000 off the purchase price, under the program announced July 29.... Read More »

DS will challenge established premium brands

Aug. 28, 2015 06:01 CET

DS may be the youngest brand on the market but its product chief, Vincent Devos, believes the upscale marque can rival the best the luxury segment has to offer within two decades, as he explained to Automotive News Europe.... Read More »

Tesla Model S breaks Consumer Reports' test scale

6:43 am U.S. ET | Aug. 27, 2015

Tesla's high-performance Model S P85D scored a 103 on Consumer Reports' ratings scale meant to top out at 100, forcing the magazine to recalibrate its ratings. “It blew away everything else we've ever tested,” said Jake Fisher, the magazine's automotive testing director.... Read More »

AUGUST U.S. AUTO SALES

Sales may dip for first time in 19 months

1:00 pm U.S. ET | Aug. 27, 2015

Monthly U.S. auto sales are expected to fall for the first time in 19 months in August, but analysts say it's a blip caused by a later-than-usual Labor Day rather than a softening of consumer demand. Still, that could be enough to halt Fiat Chrysler Automobiles' streak of consecutive year-over-year gains after 64 months.... Read More »

Monthly payments, loan terms up in Q2, Experian says

1:49 pm U.S. ET | Aug. 27, 2015

The average monthly payment increased and new-vehicle loan terms grew during the second quarter as average U.S. transaction prices for new cars and light trucks rose, Experian Automotive reported today.... Read More »

China's luxury shoppers hit pause amid roiling markets

7:40 am U.S. ET | Aug. 27, 2015

The rout in China stocks is posing another threat to the world's biggest car market, jeopardizing growth plans for companies from Volkswagen AG to General Motors.... Read More »

Global carmakers rework India plans

Aug. 27, 2015 12:01 CET

Leading global carmakers including VW, GM, Nissan and Renault are reviewing their plans in India as they seek to boost sales, avoid more cutbacks, and better compete against market leaders Maruti Suzuki, Hyundai and Mahindra.... Read More »

Loan terms for used vehicles grow as inventory becomes 'younger, pricier'

1:45 pm U.S. ET | Aug. 26, 2015

Loan terms on used cars and light trucks are ticking up as those vehicles, on average, become “younger and pricier,” according to Edmunds.com. The average loan term on a used vehicle stretched to 66.2 months in the second quarter, up 1.1 month from the year-earlier period. At the same time, the average transaction price rose 7.6 percent to $18,800, the company says in a new report.... Read More »

HANNAH LUTZ

BLOG: E-contracting needs standard definition

12:15 pm U.S. ET | Aug. 26, 2015

Although electronic contracting has gained traction, it’s still not widely embraced by dealers.
... Read More »

Dealers urged to polish fair lending practices as CFPB rule looms

12:15 pm U.S. ET | Aug. 26, 2015

Dealers, learn your lenders' fair lending policies and polish your own. That's legal experts' advice to retailers looking to prepare for the Consumer Financial Protection Bureau's larger participant rule, which takes effect Aug. 31.... Read More »

Electronic F&I boosts customer satisfaction, study finds

12:15 pm U.S. ET | Aug. 26, 2015

For higher customer satisfaction and more referrals, dealers should incorporate electronic components into the F&I process, a study by F&I Express and Make My Deal found.... Read More »

2015 FRANKFURT AUTO SHOW

Hyundai concept will showcase brand's performance credentials

Aug. 26, 2015 11:07 CET

Hyundai is trying to burnish its performance credentials and will unveil an “ultimate concept car” at next month's Frankfurt auto show that expands on the company's sporty N subbrand and showcases racing design.... Read More »

Ferrari returns to India with California T, new dealers

Aug. 26, 2015 11:40 CET

Ferrari is renewing its Indian market push with two new dealers and the introduction of the California T convertible after terminating earlier dealerships for reasons including dissatisfaction with service levels.... Read More »

VW Group July vehicle sales fall 3.7% on weak China, Russia

Aug. 25, 2015 19:30 CET

Volkswagen's group vehicle sales fell 3.7 percent in July, hurt by weak markets in China, Russia and Brazil and falling volume at the core VW brand. Sales at the group, which includes luxury brands Audi, Porsche and Bentley, along with the VW, Skoda and Seat volume marques, dropped to 792,100, VW said.... Read More »

EDWARD NIEDERMEYER

China meltdown has burned global carmakers

3:45 pm U.S. ET | Aug. 25, 2015

When a chemical warehouse in Tianjin, China, exploded this month, destroying some 10,000 parked vehicles, cynics suggested that the disaster might actually be for the best, given the massive glut of unsold cars sitting on Chinese lots.... Read More »

New car technologies often unused by drivers, J.D. Power finds

1:00 pm U.S. ET | Aug. 25, 2015

A new study from J.D. Power suggests that automakers are investing billions into technologies that a considerable number of drivers aren't using. J.D. Power's first 2015 Driver Interactive Vehicle Experience Report found that at least 20 percent of new-vehicle owners have never used 16 of the 33 technology features measured.... Read More »

How GM and Perdue Farms help keep the lights on

3:25 pm U.S. ET | Aug. 25, 2015

General Motors and poultry supplier Perdue Farms now have something in common: They're both getting paid to use less power.... Read More »

LARRY P. VELLEQUETTE

BLOG: Will another Fiat Chrysler star, or two, bow in Vegas?

11:30 am U.S. ET | Aug. 25, 2015

For the third time in six years, Fiat Chrysler dealers are gathering -- in private and without cellphones or cameras -- to get their first glimpses of the vehicles they soon will be asked to sell.... Read More »

VW's Seat brand will drop Altea minivan in move to SUVs

Aug. 25, 2015 06:01 CET

Volkswagen Group's Seat unit will discontinue its Altea and Altea XL compact minivans as the brand begins to add a family of SUVs.... Read More »

Prius' dramatic redesign comes into focus

12:01 am U.S. ET | Aug. 24, 2015

New spy shots reveal a dramatic front and rear design of the redesigned 2016 Toyota Prius, set to debut in Las Vegas on Sept. 8.... Read More »

Edmunds tool speeds price data

12:01 am U.S. ET | Aug. 24, 2015

Edmunds.com has launched a tool that it says will increase the transparency of car-buying.... Read More »

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