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BMW exec explains why less is more for Mini brand

Aug. 5, 2015 06:01 CET

BMW's board member in charge of Mini, Peter Schwarzenbauer, is reducing the brand's range to five models -- dropping the slow-selling Roadster, Coupe and Paceman. He admits that the move is controversial because it runs counter to the belief that more models mean more volume.... Read More »

European car sales rebound continues in July

Aug. 4, 2015 10:57 CET

The recovery in European car sales continued in July as sales rose in the major markets of Germany, France, Italy and Spain.... Read More »

54.5 mpg isn't a done deal, EPA official says

1:00 pm U.S. ET | Aug. 4, 2015

A top EPA official today shot down the notion that the agency has already decided to implement the 54.5 mpg corporate fleet average proposed for 2025.... Read More »

Canada auto sales edge up in July; Ford and GM down

4:42 pm U.S. ET | Aug. 4, 2015

Canadian auto sales rose 0.4 percent in July from a year earlier but some major automakers, including Ford and GM, saw sales decline.... Read More »

AutoNation U.S. sales rise 9% in July

1:55 pm U.S. ET | Aug. 4, 2015

AutoNation's U.S. new-vehicle retail sales grew by 9 percent from the year earlier to 29,875 in July, making it the company's best July since 2006.... Read More »

Car buyers getting older, richer, NADA economist says

2:36 pm U.S. ET | Aug. 4, 2015

The auto industry must prepare for a challenging demographic shift as baby boomers age and millennials gain more buying power, the National Automobile Dealers Association's chief economist said today.... Read More »

ADESA’s Q2 income, revenue rise

2:28 pm U.S. ET | Aug. 4, 2015

KAR Auction Services, parent company of ADESA, today said its second-quarter net income rose 17 percent to $59.5 million on revenue that increased 12 percent to $658.3 million.... Read More »

GM economist predicts new U.S. sales records

12:05 pm U.S. ET | Aug. 4, 2015

U.S. auto sales could set a new historic record this year or at least during the current upward business cycle, General Motors' chief economist predicted today.... Read More »

Mel Farr, Detroit Lion turned auto dealer, dies at 70

7:10 am U.S. ET | Aug. 4, 2015

Mel Farr, the former Detroit Lions running back who became owner of the nation's largest black-owned dealership group, has died at the age of 70.... Read More »

French car sales rise 2% percent in July

Aug. 3, 2015 09:23 CET

French car sales rose 2.3 percent in July, led by strong gains at Fiat, Hyundai and Toyota. Most volume brands boosted volume except Renault, whose sales fell on aging products.... Read More »

JULY U.S. SALES

Sales rise 5.3% on hardy crossover, truck volume

8:30 am U.S. ET | Aug. 3, 2015

U.S. light-vehicles sales -- fueled by healthy truck demand and gains at most major automakers -- rose 5.3 percent in July, helping the industry begin the second half of 2015 on a strong note. Ford Motor Co., Nissan Motor Co., Honda Motor Co., GM, Fiat Chrysler and Hyundai-Kia all had gains between 5 percent and 8 percent while Subaru scored its sixth double-digit advance of the year.... Read More »

AutoNation's online pilots edge forward

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

AutoNation Inc. says the rollout of AutoNation Express, its online car-selling platform, is ahead of schedule. But the retailer has slowed two key elements of the platform.... Read More »

BEST PRACTICES

Washington dealer rejects dealer reserve and builds loyalty

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

Denver Morford, dealer principal at Barry Chrysler-Dodge-Jeep-Ram in Ephrata, Wash., doesn't believe in dealer reserve. He gives customers the wholesale rate for the loan, and it keeps them coming back.... Read More »

Lexus, with summer deals, grabs monthly luxury crown over Mercedes, BMW

3:15 pm U.S. ET | Aug. 3, 2015

Lexus scored its first monthly win this year in U.S. luxury-vehicle deliveries, riding an annual summer sales push and the new NX crossover past German rivals.... Read More »

Nissan, Honda outpace the market on crossovers, sedans

5:30 pm U.S. ET | Aug. 3, 2015

American Honda Motor Co. and Nissan North America both showed solid sales growth in July, thanks to brisk sales of small crossovers, midsize sedans and luxury cars, data released today show.... Read More »

Weak car, Scion results offset strong truck deliveries at Toyota

5:30 pm U.S. ET | Aug. 3, 2015

Toyota Motor Corp. reported flat sales in July as a big win for its Lexus brand and strong truck sales were offset by weak performances by its top sellers on the car side, the Camry and Corolla, and at Scion.... Read More »

JESSE SNYDER

BLOG: July's secret sauce? 'Nothing bad happening'

4:45 pm U.S. ET | Aug. 3, 2015

Why did auto sales flourish in July? “Nothing bad happening,” which as it happens, is my favorite explanation this month.... Read More »

Mazda slips 7.1% as little minivan is phased out

4:30 pm U.S. ET | Aug. 3, 2015

Mazda's U.S. sales fell 7.1 percent last month to 27,157 units, largely because of a phase-out of the six-seat Mazda5.... Read More »

Subaru jumps 11%, sets monthly record

2:15 pm U.S. ET | Aug. 3, 2015

Subaru of America set a new monthly sales record in July with sales of 50,517 vehicles, an increase of 11 percent.... Read More »

Ford rises 5% on crossovers, higher F-150 spiffs

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

The Ford F-series pickup achieved its first year-over-year sales increase since January as Ford Motor Co. posted an overall U.S. sales gain of 5 percent last month, to 222,014 vehicles, figures released today show.... Read More »

Audi's crossovers and Golf family boost VW group

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

Surging crossover demand propelled Audi to another monthly U.S. sales record while the Golf lineup continued to stoke demand at the Volkswagen brand in July.... Read More »

Pickups, retail sales power GM's 6.4% gain

12:45 pm U.S. ET | Aug. 3, 2015

General Motors' U.S. July sales rose 6.4 percent on strong retail volume, including a 28 percent surge in deliveries of its profitable full-size pickups.... Read More »

FCA advances 6.2% as Jeep juggernaut rolls on

12:15 pm U.S. ET | Aug. 3, 2015

Jeep’s 23 percent sales increase in July powered Fiat Chrysler to a 6.2 percent gain in the U.S. Deliveries at Chrysler and Ram were also up for the month, but Dodge and Fiat volume fell.... Read More »

RICHARD TRUETT

BLOG: GM's fuel cell ideas take on new relevance

10:11 am U.S. ET | Aug. 3, 2015

When GM decided to own fuel cell technology about 15 years ago, one of the ways the company used to justify the massive investment in the technology was that the stacks could be used to generate electricity in emergencies. That idea has taken on new life.... Read More »

Repeat repairs on older Volvos are free

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

Volvo Cars of North America has launched a new parts and labor warranty for older cars to drive more business to dealerships. If an off-warranty vehicle is repaired at a Volvo dealership and comes back with the same problem, the fixes are free.... Read More »

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Special Video Report
CAR's David Cole on suppliers, Sergio, 'a wild and crazy time'

CAR's David Cole on suppliers, Sergio, 'a wild and crazy time'

'Fast and furious.' That's how Center for Automotive Research chairman emeritus David Cole describes an auto industry that may never see stability again.
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