Retail

'NEVER ON SUNDAY'

The battle over Sunday sales

12:01 am U.S. ET | May 3, 2015

In Illinois, Texas and New Jersey, lawmakers who want to allow Sunday sales face vehement opposition from dealers. Sunday sales, dealers argue, are too hard to conduct on Sundays with banks closed, make hiring and keeping quality workers difficult and are disliked by most consumers.... Read More »

FAMILY LITIGATION

DARCARS keeps focus amid lawsuit, CEO says

12:01 am U.S. ET | May 3, 2015

DARCARS Automotive Group faced a human- and public relations nightmare after the founder's daughter, Tamara, sued her father and the company while media coverage of the rift prompted calls for a boycott. Yet DARCARS CEO John Darvish says he's keeping employees focused on their jobs and profits on track.... Read More »

VOLKSWAGEN'S RETAIL CHALLENGE

VW refuses to cut brand's U.S. prices

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

Even while benefiting from a weak euro, Volkswagen Group won't try to boost the VW brand's market share in the United States by cutting prices. VW's brand sales in the US have fallen 7.5 percent so far this year.... Read More »

APRIL U.S. AUTO SALES

Light trucks drive U.S. industry to 4.6% April gain

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

U.S. light-vehicle sales, fueled by demand for light trucks, rose 4.6 percent in April as every automaker but Honda recorded an increase. The industry stretched its streak of advances from the year-earlier month to 14, yet the total was weaker than analysts' forecasts.... Read More »

Hyundai, Kia hold the line on volume

3:00 pm U.S. ET | May 1, 2015

Hyundai and Kia U.S. sales held flat in April as the Korean brands dipped into their pocketbooks to offer bigger incentives on cars.... Read More »

Benz overtakes BMW in U.S. luxury race

3:33 pm U.S. ET | May 1, 2015

Luxury auto sales are outpacing U.S. industry gains as BMW and Mercedes-Benz lure buyers from mainstream brands with lower-priced models. In April, Mercedes pulled ahead of BMW to take the luxury-brand lead.... Read More »

Honda slips 1.8% on weaker Accord sales

5:15 pm U.S. ET | May 1, 2015

For the second straight month, a big decline in Honda Accord deliveries dragged down the automaker's U.S. monthly sales results.... Read More »

Toyota posts gain, needs more trucks

5:30 pm U.S. ET | May 1, 2015

Toyota will adjust production in the coming months to boost tight light-truck supplies after strong demand for pickups, crossovers and SUVs offset slumping car sales last month. The automaker had an April sales gain of just 1.8 percent -- its smallest increase since September.... Read More »

Tesla unveils batteries for homes, businesses

6:26 am U.S. ET | May 1, 2015

Tesla Motors CEO Elon Musk unveiled a suite of batteries to store electricity for homes, businesses and utilities, saying a greener power grid furthers the company's mission to provide pollution-free energy.... Read More »

Crossovers push GM to 5.9% increase

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

General Motors' April sales rose 5.9 percent, as booming crossover demand offset continued weakness in GM's car lines. GM's retail sales rose 5.3 percent while deliveries to fleet customers climbed 7.6 percent, for a total of 269,056 units. GM said its commercial sales, or deliveries to business customers, were the highest since March 2008.... Read More »

Ford snaps 2-month skid, gains share

1:45 pm U.S. ET | May 1, 2015

The Ford brand set an April record for U.S. sales of utility vehicles as Ford gained market share for only the third time in the past 16 months. It also was the automaker's first year-over-year increase since January.... Read More »

Lotus sees profit after cost cuts, U.S. relaunch

May 1, 2015 06:15 CET

UK sports car maker Lotus will be profitable again by 2017 after years of losing money, CEO Jean-Marc Gales said. The company has moved to cut costs and improve its lineup and plans a relaunch in the U.S. market.... Read More »

Subaru streak hits 41 months

2:45 pm U.S. ET | May 1, 2015

Subaru of America said April was its 41st consecutive month of growth, with sales up 18 percent from the year-ago month.... Read More »

FCA up 5.8% on Jeep, Chrysler 200, Ram

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

Strong Jeep and Chrysler 200 sales pushed Fiat Chrysler's U.S. deliveries up 5.8 percent in April. Fiat Chrysler Automobiles reported U.S. sales of 189,027 units, its 61st consecutive month of year-over-year sales gains.... Read More »

JESSE SNYDER

BLOG: April like a dry day at harvest time - no time to sit back

5:15 pm U.S. ET | May 1, 2015

Solid. Profitable. Gratifying. And yeah, a bit boring of a sales month. Yet another month of just-fine-thanks.... Read More »

GM tops rivals in Canada

3:24 pm U.S. ET | May 1, 2015

General Motors jumped to the top of the Canadian sales rankings for April as it sold 15 percent more cars and trucks than a year earlier, the company said today, winning a crown usually held by its rivals.... Read More »

Aston Martin picks Ally Financial as preferred U.S. lender

11:44 am U.S. ET | May 1, 2015

Aston Martin Lagonda named Ally Financial, the former GM financing arm, as its preferred US auto lender to help the maker of luxury sports cars expand sales.... Read More »

Ram debuts 2 new ads during Kentucky Derby

3:57 pm U.S. ET | May 1, 2015

Ram will debut two TV ads that highlight female leaders and breaking away from the pack during the Kentucky Derby Saturday.... Read More »

AMY WILSON

BLOG: Family takes Dave Smith name forward

1:58 pm U.S. ET | May 1, 2015

Ken Smith wants his dad’s name to live on. And it’s about to, in a much bigger way.... Read More »

Crossovers propel Nissan Motor to April record

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

Nissan Motor Corp. rode its freshened lineup of Nissan and Infiniti utilities and crossovers to total U.S. sales of 109,848 vehicles, an increase of 5.7 percent an April record.... Read More »

ANE's May e-magazine goes live Monday

May 1, 2015 06:01 CET

The latest issue of the Automotive News Europe monthly e-magazine goes live on Monday, May 4. This month's edition looks at what European automakers plan to do to keep winning in China despite the normalization of the market's growth.... Read More »

Marchionne's talk of industry mergers seen as 'panic'

April 30, 2015 10:59 CET

CEO Sergio Marchionne has been talking for months about merging Fiat Chrysler with a rival automaker, a sign that he's panicking at how much sales are growing while profit margins are dropping, some industry observers say.... Read More »

Continental Q1 profit rises 5% on Europe rebound

April 30, 2015 11:39 CET

Continental's first-quarter profit rose 5 percent to about 1 billion euros ($1.11 billion) as auto sales in Europe increased.... Read More »

He's sold boxing champ Floyd Mayweather 39 cars … and counting

2:45 pm U.S. ET | April 29, 2015

Obi Okeke has sold 39 cars to welterweight champ Mayweather, including a $3.2 million Ferarri Enzo and three Bugatti Veyrons that are worth $6.2 million combined. In a career spanning nearly 30 years, Okeke has sold cars to the likes of Arnold Schwarzenegger, Jessica Simpson, Ellen DeGeneres, Chris Tucker and more.... Read More »

AutoNation says no to captive

11:45 am U.S. ET | April 29, 2015

AutoNation, after exploring whether to launch its own captive finance company, is saying no to the idea. CEO Mike Jackson says the retailer will generate a better return from other investments.... Read More »

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