Retail

BMW may need to increase i8 production to cut waiting lists

Nov. 20, 2014 18:26 CET
BMW may have to increase production of its i8 plug-in hybrid supercar to meet high demand. The waiting time of up to 18 months for the 120,000 euro coupe is too long, BMW sales chief Ian Robertson said.... Read More »

 

Volkswagen won't advertise during 2015 Super Bowl

11:41 am U.S. ET | Nov. 20, 2014
Volkswagen, which made a huge splash with its “The Force” Super Bowl spot in 2011, will be sitting out the big game this year, the company confirmed.... Read More »

 

GABE NELSON

Fisker flexes muscle with coachbuilt 725-hp Mustang

2:55 pm U.S. ET | Nov. 20, 2014
Henrik Fisker, the Danish designer behind the Aston Martin DB9, BMW Z8 and the ill-fated Fisker Karma plug-in hybrid, apparently can design an American muscle car, too.... Read More »

 

GM names Stephen Carlisle to head Canada unit

3:51 pm U.S. ET | Nov. 20, 2014
General Motors today named Stephen Carlisle the new president and managing director for GM Canada as the company’s current chief for Canada, Kevin Williams, prepares for retirement at year's end.... Read More »

 

NEAL BOUDETTE

Apple's CarPlay goes missing in L.A. and in the showroom

11:09 am U.S. ET | Nov. 20, 2014
Tech giants Apple and Google have generated a lot of hype over the past 12 months over their plans to tightly integrate their smartphones and app technology with in-car infotainment systems.... Read More »

 

LOS ANGELES AUTO SHOW

Fiat expects new crossover to outsell 500 minicar in U.S.

Nov. 20, 2014 11:11 CET
Fiat expects its Fiat 500X SUV to be even more popular in North America than its retro-styled 500 minicar as it appeals to customers seeking a larger car with the option of four-wheel drive.... Read More »

 

Ford to cut 20% of staff at B-Max plant in Romania

Nov. 19, 2014 15:35 CET
Ford will lay off 20 percent of the workforce at the Romanian plant that builds the B-Max as it adjusts to falling sales of the subcompact minivan.... Read More »

 

Cadillac will report its own financial results, de Nysschen says

5:59 pm U.S. ET | Nov. 19, 2014
GM's Cadillac luxury line, working to revive its image, will begin reporting financial results about 2017 and double global sales by the end of the decade, said Johan de Nysschen, the brand's chief.... Read More »

 

ARLENA SAWYERS

Popping the subprime bubble myth

12:01 am U.S. ET | Nov. 19, 2014
There is no subprime auto loan bubble, darn it. That message came through loud and clear in session after session during the recent Used Car Week conference sponsored in Las Vegas.... Read More »

 

More car buyers are OK with dealer texting, survey says

2:20 pm U.S. ET | Nov. 19, 2014
Dealers who want to best engage with tech-savvy buyers should try text messaging to communicate, according to survey results released today.... Read More »

 

New study slams CFPB methodology

12:01 am U.S. ET | Nov. 19, 2014
The statistical method the Consumer Financial Protection Bureau uses to identify which consumers belong to minority groups correctly identified African-American borrowers only 24 percent of the time.... Read More »

 

AutoNation to add branded F&I products next year

12:01 am U.S. ET | Nov. 19, 2014
AutoNation will start selling private-label F&I products in 2015 as part of the rollout of its new digital storefront. The nation’s largest dealership group also is contemplating AutoNation-branded finance and lease contracts and whether to set up its own captive finance company... Read More »

 

Demand for faster deals could speed e-contracting

12:01 am U.S. ET | Nov. 19, 2014
Dealerships are trying hard to speed sales transactions, and that may give a shot in the arm to electronic signatures and e-contracting for auto loans, experts say.... Read More »

 

JIM HENRY

Free advice for consumers can be worth the price

12:01 am U.S. ET | Nov. 19, 2014
There’s a bright spot for dealerships that do a lot of business with automakers’ captive finance companies and preferred lenders, data on the website Wallet Hub show: Car manufacturers (that is, captives) charge the lowest auto loan rates for new cars, at 40 percent below average.... Read More »

 

Volvo Cars plots U.S. resurgence with model overhaul

10:00 am U.S. ET | Nov. 19, 2014
Chinese-owned Volvo Car Group said today a sweeping overhaul of its model range over the next five years would propel its long-suffering sales volumes in the United States back above 100,000 cars per year.... Read More »

 

GM getting positive reviews on Wall Street despite record recalls

8:51 am U.S. ET | Nov. 19, 2014
If relative value means anything, GM may be the best buy in the auto industry. That, at least, is the consensus of bullish analysts, who are extolling the highest-quality vehicles in decades and operating margins to go with them, even as GM suffers a record recall of cars.... Read More »

 

Europe car sales rebound continues in October

Nov. 18, 2014 08:39 CET
European new-car sales rose 6 percent in October as volume- and premium-brand leaders including VW and BMW recorded strong gains in key markets. Year-to-date deliveries increased by 6 percent to more than 11 million vehicles.... Read More »

 

VW will stop selling Seat cars in Russia next year

Nov. 18, 2014 15:36 CET
Volkswagen's Spanish subsidiary, Seat, will stop selling cars in Russia by early next year because of the country's economic downturn and weakening ruble.... Read More »

 

VW's China growth slows to 10% due to capacity limits

Nov. 18, 2014 17:51 CET
VW's growth in China is expected to slow to 10 percent this year from 16 percent in 2013 due to a conservative strategy that has limited its production capacity, VW China chief Jochem Heizmann said.... Read More »

 

Technology training can help close a sale, AutoTrader.com says

10:39 am U.S. ET | Nov. 18, 2014
As automakers incorporate in-vehicle technology features in more models, dealers have to find a way to sufficiently teach customers how to use the new tools, AutoTrader said in a report.... Read More »

 

As China's luxury car wave slows, foreign automakers seek domestic foothold

Nov. 18, 2014 11:18 CET
Daimler will present its new ultraluxury Mercedes-Maybach subbrand at this week's Guangzhou auto show, even as analysts warn the end is approaching for China's 10-year high-end car sales boom.... Read More »

 

NADA sees 2015 U.S. sales nearing 17 million vehicles

12:45 pm U.S. ET | Nov. 17, 2014
Continued economic improvement, low interest rates and cheap gasoline will help new-vehicle sales rise more than 3 percent to nearly 17 million units next year, the most since 2005, according to forecasts from the National Automobile Dealers Association.... Read More »

 

How 3 dealerships are connecting with tech-savvy shoppers

12:01 am U.S. ET | Nov. 17, 2014
Three dealers have found ways to forge bonds with car shoppers who are short on time and long on Web smarts. A Honda store has mobilized a young sales team hired from Starbucks and Best Buy. A Mercedes store has a special "honeymoon" tool kit for boosting online ratings. And a photo-friendly Audi store is snapping its way to more Internet leads.... Read More »

 

Financial openness can beat the lowest pricing, dealer says

12:01 am U.S. ET | Nov. 17, 2014
Customers who apply for vehicle financing on driversselect.com get real information about interest rates, down payments and monthly payments that holds up once they arrive at the Dallas used-only dealership. CEO Steve Hall says many dealers don't find it easy to give out so much information online. But transparency builds trust, he said.... Read More »

 

BMW 1-series sedan for the U.S.?

12:01 am U.S. ET | Nov. 17, 2014
A new BMW 1-series sedan is expected in the U.S. in 2017, based on a front-wheel-drive architecture shared with Mini.... Read More »

 

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How 3 dealerships are connecting with tech-savvy shoppers

How 3 dealerships are connecting with tech-savvy shoppers

Three dealers have found ways to forge bonds with car shoppers who are short on time and long on Web smarts. A Honda store has mobilized a young sales team hired from Starbucks and Best Buy. Mon., November 17
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