Retail

Porsche's wealthy Chinese buyers choose less costly models

June 2, 2015 12:18 CET

Porsche’s wealthy Chinese customers are settling for less expensive models as a government crackdown on graft and conspicuous consumption slows luxury sales.... Read More »

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

How Peugeot CEO Picat improved the brand's pricing in Europe

June 2, 2015 06:15 CET

Peugeot CEO Maxime Picat has played a key role in PSA's financial turnaround as head of the automaker's largest division by improving the retail pricing of the French brand's vehicles in Europe. Picat told Automotive News Europe how Peugeot plans to keep improving.... Read More »

Spanish car sales rise 14% on renewed subsidy program

June 1, 2015 14:18 CET

Spanish new-car sales rose 14 percent in May after the renewal of a government subsidy scheme helped to lift demand.... Read More »

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Profits remain elusive despite Europe's sales rebound

June 1, 2015 06:15 CET

New-car sales in Europe increased for the 20th consecutive month in April and four-month sales were up 8 percent, but not all executives are convinced that this higher volume will translate into higher profitability. Some have called what's happening a margin-less recovery because the rebound hides the fact that only the strongest can squeeze a profit.... Read More »

Inside Sonic's used-only dealership

12:01 am U.S. ET | June 1, 2015

A tour inside a prototype Sonic Automotive used-car only store in Denver reveals fireplaces, "open consultation" stations with sofalike seating, and inventory searches guided by shoppers on a giant screen with an iPad. At EchoPark, it's all about the customer experience.... Read More »

U.S. vehicle loan terms hit record in Q1

3:22 pm U.S. ET | June 1, 2015

The average length of loans for new and used vehicles in the United States in the first quarter hit record highs, and nearly 30 percent of new-vehicle loans have pay-back periods longer than six years, Experian Automotive said in a report issued today.... Read More »

FCA shift leaves Hyundai-Kia, Mitsubishi with 100,000-mile warranty

12:01 am U.S. ET | June 1, 2015

Fiat Chrysler's decision last week 5/27 to reduce its limited powertrain warranty coverage by 40 percent brings it in line with its Detroit-based competitors. The automaker's 2016 models will have 5 year/60,000 mile powertrain warranties, instead of 5 year/100,000 mile warranties, FCA US said.... Read More »

New car, truck loans reach longest term on record

12:31 pm U.S. ET | June 1, 2015

The average length of loans for new and used vehicles in the U.S. in the first quarter hit record highs, and nearly 30 percent of new-vehicle loans have pay-back periods longer than six years, Experian Automotive says.... Read More »

A123 to double lithium-ion battery capacity

9:00 am U.S. ET | June 1, 2015

A123 Systems LLC plans to double the manufacturing capacity at its three lithium-ion battery plants in a $200 million investment.... Read More »

VW Jetta leases as cheap as iPhone plans show company's U.S. travails

6:40 am U.S. ET | June 1, 2015

The $89 a month it takes to lease a Jetta at some U.S. dealerships is about as low as the price of using an iPhone on some cell phone plans. It's also a sign of how Volkswagen is grasping to turn around its fortunes in the U.S.... Read More »

Dealers vs. TrueCar: The saga continues

12:01 am U.S. ET | June 1, 2015

Three years after a nearly fatal dealer revolt and regulatory crackdown prompted it to change its ways, TrueCar continues to be haunted by suspicion among dealers and broader questions about its business model.... Read More »

Jaguar Land Rover appoints former Porsche exec as China sales head

June 1, 2015 12:02 CET

Jaguar Land Rover has appointed former Porsche executive Mark Bishop as its new China sales boss, amid a slowdown in one of its key markets.... Read More »

French car sales fall 4% in May on fewer working days

June 1, 2015 11:14 CET

New-car registrations in France fell 4 percent in May, mainly due to fewer working days. Sales rose 7.3 percent with the figures adjusted to include a comparable number of working days to May last year.... Read More »

VIDEO: Colo. stores use cameras, computers to build transparency

12:01 am U.S. ET | June 1, 2015

Planet Honda's technicians-turned-video directors are with one tap bringing the service bay to customers, while digital files are providing a clear snapshot of a used-car's history at Kuni Lexus of Greenwood Village.... Read More »

J.D. Power is buying NADA's Used Car Guide

12:01 am U.S. ET | June 1, 2015

The National Automobile Dealers Association has agreed to sell its 82-year-old Used Car Guide business to J.D. Power and Associates.... Read More »

GM helps dealers find trade-in prospects

12:01 am U.S. ET | June 1, 2015

General Motors is paying about half the cost for its dealers to try equity-mining software for a year. The voluntary program is the first time that GM has subsidized its dealers to use the software.... Read More »

KAR Auction will add auctions, inspection unit

12:01 am U.S. ET | June 1, 2015

KAR Auction Services plans to build or buy physical auctions and a vehicle inspection business as part of its growth strategy.... Read More »

Denver group finds sales in fun places

12:01 am U.S. ET | June 1, 2015

Schomp Automotive has its own internal marketing agency with dedicated social strategies for Facebook, Instagram, Google+ and Pinterest. Those four social platforms hit a wide array of demographics that have a common core with Mini, the brand that the group decided to use to boost its social media presence.... Read More »

Dealer awards

12:01 am U.S. ET | June 1, 2015

This week's dealer award goes to Mid-City Honda in Eureka, Calif. and Watseka Ford-Lincoln in Watseka, Ill.... Read More »

Fighting off brands with off brands

12:01 am U.S. ET | June 1, 2015

Mitsubishi, tired of seeing owners skip dealerships for independent repair shops that use generic parts, fought back with a white label of its own.... Read More »

Key words unlock customer-pay business for store

12:01 am U.S. ET | June 1, 2015

Hubert Vester Honda service department's marketing went digital. As a result, their customer-pay repair orders increased 35 percent in September compared with the year-ago month.... Read More »

BEST PRACTICES

Getting schooled in the car dealership business

12:01 am U.S. ET | June 1, 2015

Zeigler Auto Group's effort to grow its dealership group and cultivate employees has evolved into an in-house training program, spawned a crop of managers and reduced employee turnover.... Read More »

BMW partner will build X4 in Russia from U.S. kits

May 31, 2015 06:01 CET

BMW will add production of the X4 SUV in Russia with local partner Avtotor using kits shipped from the automaker's U.S. plant. BMW and rival Mercedes-Benz are keen on Russian production despite the market's downturn to avoid import tariffs.... Read More »

2 car salesmen rescue trucker from fiery crash in Minn.

1:13 pm U.S. ET | May 29, 2015

Two car salesmen from neighboring dealerships in suburban Minneapolis teamed up Wednesday afternoon to save a life.... Read More »

GM recalls 375,000 heavy-duty trucks with Takata airbags

5:23 pm U.S. ET | May 29, 2015

GM is recalling about 375,000 heavy-duty pickup trucks equipped with passenger-side airbag inflators made by Takata. And Subaru will expand a recall of Impreza compact cars with Takata airbags to about 80,000 from 20,000.... Read More »

Automotive News
Special Video Report
Colo. stores use cameras, computers to build transparency

Colo. stores use cameras, computers to build transparency

Planet Honda's technicians-turned-video directors are with one tap bringing the service bay to customers, while digital files are providing a clear snapshot of a used-car's history at Kuni Lexus of Greenwood...
» Watch the Video
     
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