Retail

Buffett to buy Van Tuyl Group, create Berkshire Hathaway Automotive

8:40 am U.S. ET | Oct. 2, 2014
Warren Buffett's Berkshire Hathaway agreed to buy Van Tuyl Group, the largest privately owned auto dealership group in the United States. The business, with 75 dealerships at the end of last year, will be renamed Berkshire Hathaway Automotive.... Read More »

 

Ford sees Europe growth but no profit until after 2015

Oct. 2, 2014 15:27 CET
Ford is forecasting sales growth in Europe next year as demand for new models helps narrow its losses in the region, but doesn't expect to post a profit in the market until after 2015 as a slump in Russia continues to hit sales.... Read More »

 

Toyota keeps European sales target despite Russian market slump

Oct. 2, 2014 14:42 CET
Toyota expects its focus on high-end vehicles in Russia will help it ride out the worst effects of the market slump in the country. The automaker says it is sticking to its target of increasing European sales to a million vehicles next year.... Read More »

 

2014 PARIS AUTO SHOW

Infiniti Q80 will boost brand in Europe, exec says

Oct. 2, 2014 09:17 CET
Infiniti will launch a production version of its Q80 Inspiration concept sedan within three to five years to rival models such as the Porsche Panamera and help boost the brand's image and sales in Europe.... Read More »

 

Mercedes tops BMW in monthly luxury sales

5:00 pm U.S. ET | Oct. 1, 2014
Mercedes-Benz's record September in the United States was enough to top the BMW brand in the luxury sales race, but BMW held a small lead for the first nine months of the year.... Read More »

 

SEPTEMBER U.S. AUTO SALES

GM, Nissan, Chrysler gains propel market to 9% increase

8:00 am U.S. ET | Oct. 1, 2014
U.S. light-vehicle sales -- paced by truck-fueled gains at GM, Chrysler Group and Nissan Group -- rose 9 percent in a September marked by sharp brand advances and a few steep declines. The industry-wide results were just below forecasts and cooler than the scorching rate of sales set in August. Still, they reflect a market coasting toward its fifth straight year of recovery following the 2007-09 recession. The SAAR has topped 16 million for 6 straight months.... Read More »

 

Italy car sales rise 3% in September

Oct. 1, 2014 19:33 CET
New-car registrations in Italy rose 3 percent in September, according to data published by the country's transport ministry. Full-year sales are seen rising to about 1.35 million, up from the 1.3 million units sold last year.... Read More »

 

2014 PARIS AUTO SHOW

Opel expects new Corsa to remain a best seller

Oct. 1, 2014 15:48 CET
Opel hopes its heavily reworked Corsa will remain the automaker's best seller in Europe. CEO Karl-Thomas Neumann said new driver assistance and infotainment systems will help maintain the car's success.... Read More »

 

Ford Credit rolls out 75-month loans nationwide

12:01 am U.S. ET | Oct. 1, 2014
Ford Motor Credit has joined the trend toward longer loans, rolling out 75-month terms nationwide starting today. The company previously had conducted a pilot program.... Read More »

 

Trucks fly in a 'best we could have expected' September

12:01 am U.S. ET | Oct. 1, 2014
U.S. sales of SUVs, small crossovers and full-size pickups soared in September as cars became a tougher sell. Overall volume rose 9 percent, and a 16.4 million SAAR showed demand remains strong even after the industry put up big numbers all summer.... Read More »

 

Chrysler Group gains on Jeep, Ram volume

12:01 am U.S. ET | Oct. 1, 2014
Chrysler Group sold 169,890 vehicles in September, a 19 percent increase from September 2013, with every brand but Dodge contributing to the company's gains. It was the group's 54th consecutive month of year-over-year increases.... Read More »

 

Canadian sales drive toward record

2:51 pm U.S. ET | Oct. 1, 2014
Auto sales in Canada headed toward an all-time annual high after a number of automakers broke September sales records.... Read More »

 

Lithia completes purchase of DCH Auto Group

5:48 pm U.S. ET | Oct. 1, 2014
Lithia Motors said it completed the purchase of DCH Auto Group, one of the largest buy-sell deals between dealership groups in recent history.... Read More »

 

Toyota trucks carry load amid wait for '15 Camry

12:01 am U.S. ET | Oct. 1, 2014
Booming crossover and SUV sales helped Toyota Division eke out its seventh straight monthly sales gain last month, while Lexus continued to gain ground on its luxury rivals.... Read More »

 

Ford sales slip 3% on softer F-series demand, drop in fleet

12:01 am U.S. ET | Oct. 1, 2014
Soft F-series pickup sales and a 40 percent cutback in sales to rental fleets pushed Ford Motor Co.'s September sales down 3 percent from a year earlier, to 179,518 units. Overall fleet sales fell 14 percent to 42,878.... Read More »

 

Dealer software provider CDK goes public as it spins off from ADP

11:24 am U.S. ET | Oct. 1, 2014
CDK Global, formerly ADP Dealer Services, went public Tuesday as part of being spun off by parent Automatic Data Processing Inc., CDK Global announced today.... Read More »

 

Jaguar XE to offer awd, diesel engine in U.S.

7:59 am U.S. ET | Oct. 1, 2014
The Jaguar XE compact sedan will launch with optional all-wheel drive and a four-cylinder diesel engine when it goes on sale in the U.S.... Read More »

 

Nissan Division volume jumps 22%

12:01 am U.S. ET | Oct. 1, 2014
Good fuel economy and fresh products helped drive Nissan Division to a 22 percent September sales gain, says sales chief Fred Diaz. Nissan is scaling back fleet sales and incentives as consumer demand rises.... Read More »

 

GM will position Cadillac CT6 as tech showcase

3:55 pm U.S. ET | Oct. 1, 2014
The CT6 sedan due late next year is intended to be more than just a high-end Cadillac. General Motors is counting on the car to be a rolling showcase of the company’s engineering and technology prowess, and its determination once again to rise to the top of the automotive world.... Read More »

 

NICK BUNKLEY

The Big (Detroit) 3 are back on top, with nudge from Fiat

12:01 am U.S. ET | Oct. 1, 2014
The Big 3 are back. Though maybe not for long. The top of September’s U.S. sales chart would look fairly routine to anyone who was asleep for the past decade and plans to spend this weekend browsing dealer ads in the Sunday newspaper for a good deal on a new PT Cruiser.... Read More »

 

Accord, TLX push Honda ahead of 2013 pace

12:01 am U.S. ET | Oct. 1, 2014
Honda is finally back in the black -- barely. Helped by strong demand for the Honda Accord and Acura TLX sedans, American Honda Motor Co. posted a 12 percent sales increase in September to 118,223 units.... Read More »

 

Chevy Trax will start at $20,995 in U.S. debut

11:51 am U.S. ET | Oct. 1, 2014
The 2015 Trax, Chevrolet's seventh small vehicle launched in the past four years, will start at a retail price of $20,995 including shipping, General Motors said in a statement today.... Read More »

 

GM deliveries advance 19%; biggest jump in 3 years

12:01 am U.S. ET | Oct. 1, 2014
GM's sales rose 19 percent in September, its largest year-over-year gain in three years, to 223,437, with full-size pickups accounting for more than half of the increase. GM's fleet sales rose 30 percent, while its total retail sales increased 17 percent. By segment, retail sales declined 1 percent for GM's lineup of cars and crossovers but surged 48 percent for trucks and SUVs.... Read More »

 

Chrysler Capital lowers rate cap on dealer reserve

12:01 am U.S. ET | Oct. 1, 2014
Chrysler Capital is cutting its maximum permissible dealer reserve to 175 basis points, or 1.75 percentage points, effective today. The previous maximum was 200 basis points. Chrysler Capital, which provides full-service financing to Chrysler Group dealerships, notified retailers of the change in a fax last week.... Read More »

 

Is it wise to keep putting the car before the cash?

12:01 am U.S. ET | Oct. 1, 2014
Dealerships can and should take some of the risk out of making spot deliveries, experts say.... Read More »

 

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