Vehicle Sales

BMW CEO signals core brand may lose luxury lead

March 18, 2015 14:14 CET

BMW may surrender its position as the No. 1 global premium brand by unit sales to rival Audi, although it will retain the title if sales of Mini are included, CEO Norbert Reithofer said. A push by competitors such as Audi into areas of subcompact cars, a segment where BMW does not offer a vehicle, is making it harder to retain the title, Reithofer said.... Read More »

JIM HENRY

BLOG: Size of average tax refund makes a decent down payment

11:45 am U.S. ET | March 18, 2015

For anybody keeping track -- which is to say, anybody interested in subprime auto lending – U.S. tax refunds have fallen a bit more behind than they were a few weeks ago.... Read More »

European February car sales rise as economy bolsters demand

March 17, 2015 09:21 CET

European car-sales rose by 7 percent in February as signs of a strengthening economic expansion in the region, a global drop in fuel prices and dealer discounts encouraged purchases. Analysts said the growth may signal a stronger-than-expected recovery of Europe's auto market.... Read More »

BMW's sales crown scrutinized as profits shrink, rivals catch up

March 17, 2015 15:58 CET

BMW's record car sales have meant big profits that have funded incentives and investment in new technologies. But competitors are catching up and profits are shrinking. Some industry observers are wondering if the "sales grow, profits look after themselves" formula still works.... Read More »

FCA axes Chrysler in UK to focus on Jeep

March 17, 2015 18:35 CET

Fiat Chrysler Automobiles is ending sales of Chrysler cars in the UK to focus on its Jeep brand. FCA sells the U.S.-built Chrysler 300C sedan and Voyager large minivan in the UK, alongside the Lancia Delta compact and Ypsilon subcompact cars, which are both rebadged as Chryslers.... Read More »

Nissan will suspend Russia production for 16 days on weak sales

March 17, 2015 11:27 CET

Nissan is suspending production at its St. Petersburg plant between March 16 and March 31 due to weak sales in Russia. The automaker's deliveries fell 45 percent in February in an economy weakened by lower oil prices and Western sanctions over the Ukraine crisis.... Read More »

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Premium brands push volume rivals from profit-rich niches

March 17, 2015 06:01 CET

Premium automakers continued to push volume rivals out of profit-rich niches such as coupes and convertibles last year, leading some automakers to begin cutting models with those body styles from their lineups.... Read More »

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SUV and crossover sales grew 21% in Europe last year

March 17, 2015 06:01 CET

SUVs and crossovers benefited most from Europe's first rise in annual sales since 2007 last year. Combined deliveries of models ranging from the Nissan Qashqai to the BMW X5 increased 21 percent to more than 2.5 million units.... Read More »

Penske launches digital sales pilot

12:01 am U.S. ET | March 16, 2015

Penske Automotive Group is launching an online sales pilot program it calls "Preferred Purchase," which enables customers to handle much of a transaction online. The pilot this week will be available on the websites of five Florida stores and six Washington-area stores.... Read More »

Valeo open to acquisitions in growth areas

March 16, 2015 14:08 CET

Valeo is open to acquisitions that could bolster its product offerings in high-growth areas such as fuel efficiency and autonomous driving, CEO Jacques Aschenbroich said.... Read More »

Skoda profit jumps 46% in 2014 on record sales

March 16, 2015 14:39 CET

Skoda raised net profit by 46 percent to 665 million euros in 2014 after selling more than 1 million cars for the first time in its history.... Read More »

Leases grease pickup sales

12:01 am U.S. ET | March 16, 2015

Pickups are beginning to emulate luxury vehicles, with their exclusive-sounding model names, fancy features such as vented seats, and $50,000 price tags. Here's another similarity: More customers are leasing them.... Read More »

China's got sales, U.S. has riches

12:01 am U.S. ET | March 16, 2015

Last year, some 19.7 million new light vehicles were sold in China, compared with 16.5 million here. But according to a new study by TrueCar, the total value of sales in the United States exceeded that of China by as much as $161 billion.... Read More »

EDITORIAL

Pickup leasing is lucrative but carries big risks

12:01 am U.S. ET | March 16, 2015

Lease rates for pickups are climbing as the workhorses add capabilities and features that rival those of more traditional luxury vehicles.... Read More »

Supplies tight before spring selling season

12:01 am U.S. ET | March 16, 2015

U.S. auto sales softened in a stormy final week of February, but automakers still started March with relatively tight stocks. The industry's 69-day supply on March 1 was below the 71-day average for that date over the previous decade. Stocks fell sharply from an 82-day supply on Feb. 1 despite the slower selling pace.... Read More »

Top luxury brands have luxury of growing lineups

12:01 am U.S. ET | March 16, 2015

When it comes to winning share in the ultracompetitive luxury car market, it helps to have more models on sale than your competitors. The 2014 sales champion, BMW, offered more models - 27 - than any of its competitors. Audi was second with 25, followed by Mercedes-Benz with 19, Lexus with 16 and Cadillac with 12.... Read More »

Fleet sales again outpace retail in Feb.

12:01 am U.S. ET | March 16, 2015

Fleet sales again rose faster than retail sales in February among the seven major automakers, continuing a surge that began in late 2014. Sales to fleets rose 7.6 percent from a year earlier, compared with a 4.2 percent increase in sales though dealerships.... Read More »

Cadillac Europe will be run by former BMW executive

March 15, 2015 06:01 CET

GM has appointed veteran BMW executive Andreas Schaaf as its new Cadillac chief in Europe. Schaaf replaces Thomas Sedran, a former interim CEO at Opel, who is leaving the automaker.... Read More »

VW near deal to sell LeasePlan, sources say

March 15, 2015 13:34 CET

VW Group and German private bank Metzler are nearing an agreement to sell Dutch fleet-management company LeasePlan for about 3 billion euros ($3.16 billion) to a group led by private equity firm TDR Capital.... Read More »

Ford says F-150 fleet deliveries to quicken as 2nd plant comes on line

1:11 pm U.S. ET | March 13, 2015

Ford's launch of the redesigned, aluminum-intensive 2015 F-Series remains on track, and fleet customers will have their orders filled in greater numbers in the second quarter as production accelerates, a top executive said on Friday.... Read More »

Porsche nears decision on 7th model line

March 13, 2015 11:53 CET

Porsche is finalizing plans to add a new model to meet rising demand for sporty luxury vehicles. The candidates for Porsche's seventh model family include an EV to compete with Tesla, a shooting brake version of the Panamera or a sports car between the 911 and 918 Spyder.... Read More »

Tesla reassigns sales chief amid search for regional executives

12:34 am U.S. ET | March 13, 2015

Tesla is looking to hire executives to run sales operations in North America, Asia and Europe as it seeks to rapidly increase deliveries. Jerome Guillen, vice president of global sales and service, will return to a customer-satisfaction role.... Read More »

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Ford expects big boost from high-tech Mondeo

March 13, 2015 06:01 CET

Ford expects a significant sales boost in the tough midsize segment from its latest-generation Mondeo because of the car's advanced technology, new upscale trim line and the addition of a hybrid variant.... Read More »

YANG JIAN

BLOG: Why Land Rover leads among China's second-tier luxury brands

12:01 am U.S. ET | March 13, 2015

Land Rover has remained China's fourth-largest luxury brand behind Audi, BMW and Mercedes for two years in a row. The fact it has started to build SUVs in China seems likely to strengthen its position as the leader among China's second-tier luxury automakers.... Read More »

Ford's new F-150 gets resale boost from fuel economy

10:26 am U.S. ET | March 12, 2015

The resale value of Ford's new 2015 F-150 pickup jumped more than 11 percent over last year's model as improved fuel efficiency outweighed concerns over repair costs for its aluminum body, according to TrueCar's ALG division.... Read More »

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