Vehicle Sales

Volvo Cars plots U.S. resurgence with model overhaul

10:00 am U.S. ET | Nov. 19, 2014
Chinese-owned Volvo Car Group said today a sweeping overhaul of its model range over the next five years would propel its long-suffering sales volumes in the United States back above 100,000 cars per year.... Read More »

 

GM getting positive reviews on Wall Street despite record recalls

8:51 am U.S. ET | Nov. 19, 2014
If relative value means anything, GM may be the best buy in the auto industry. That, at least, is the consensus of bullish analysts, who are extolling the highest-quality vehicles in decades and operating margins to go with them, even as GM suffers a record recall of cars.... Read More »

 

Europe car sales rebound continues in October

Nov. 18, 2014 08:39 CET
European new-car sales rose 6 percent in October as volume- and premium-brand leaders including VW and BMW recorded strong gains in key markets. Year-to-date deliveries increased by 6 percent to more than 11 million vehicles.... Read More »

 

VW will stop selling Seat cars in Russia next year

Nov. 18, 2014 15:36 CET
Volkswagen's Spanish subsidiary, Seat, will stop selling cars in Russia by early next year because of the country's economic downturn and weakening ruble.... Read More »

 

VW's China growth slows to 10% due to capacity limits

Nov. 18, 2014 17:51 CET
VW's growth in China is expected to slow to 10 percent this year from 16 percent in 2013 due to a conservative strategy that has limited its production capacity, VW China chief Jochem Heizmann said.... Read More »

 

Technology training can help close a sale, AutoTrader.com says

10:39 am U.S. ET | Nov. 18, 2014
As automakers incorporate in-vehicle technology features in more models, dealers have to find a way to sufficiently teach customers how to use the new tools, AutoTrader said in a report.... Read More »

 

As China's luxury car wave slows, foreign automakers seek domestic foothold

Nov. 18, 2014 11:18 CET
Daimler will present its new ultraluxury Mercedes-Maybach subbrand at this week's Guangzhou auto show, even as analysts warn the end is approaching for China's 10-year high-end car sales boom.... Read More »

 

NADA sees 2015 U.S. sales nearing 17 million vehicles

12:45 pm U.S. ET | Nov. 17, 2014
Continued economic improvement, low interest rates and cheap gasoline will help new-vehicle sales rise more than 3 percent to nearly 17 million units next year, the most since 2005, according to forecasts from the National Automobile Dealers Association.... Read More »

 

Financial openness can beat the lowest pricing, dealer says

12:01 am U.S. ET | Nov. 17, 2014
Customers who apply for vehicle financing on driversselect.com get real information about interest rates, down payments and monthly payments that holds up once they arrive at the Dallas used-only dealership. CEO Steve Hall says many dealers don't find it easy to give out so much information online. But transparency builds trust, he said.... Read More »

 

Manheim stocks used cars for Sonic

12:01 am U.S. ET | Nov. 17, 2014
Sonic Automotive is contracting with Manheim to buy and stock used vehicles at a new-car store near Denver as part of an unprecedented pilot program.... Read More »

 

Fuel cell cars will be commercially viable by 2025, Bosch exec says

Nov. 17, 2014 11:36 CET
Falling costs will make fuel cell technology commercially viable for mass car production by 2025, Wolf-Henning Scheider, Bosch's automotive chief, said. Toyota and Honda plan to launch fuel cell vehicles in 2015.... Read More »

 

Hot sales put Subaru ahead of plan

12:01 am U.S. ET | Nov. 17, 2014
In May, Yasuyuki Yoshinaga, president of Subaru maker Fuji Heavy Industries, unveiled a business plan to guide the company through 2020. But Subaru's sales are rising so fast, he may have to roll out a new plan much sooner than expected.... Read More »

 

How remarketers get the most from off-lease vehicles

12:01 am U.S. ET | Nov. 17, 2014
With the number of off-lease vehicles returning to the market expected to rise steadily and sharply over the next several years, automakers say it is crucial to have programs that enable them and their dealers to sell used vehicles quickly and for as much money as possible.... Read More »

 

Stocks rise; spiffs ahead?

12:01 am U.S. ET | Nov. 17, 2014
U.S. automakers and dealers added a quarter of a million unsold vehicles to stocks during October. That's normal early in a new model year, but some analysts see automakers preparing to launch year-end incentive flurries.... Read More »

 

GM's Shop-Click-Drive sales are climbing

12:01 am U.S. ET | Nov. 17, 2014
General Motors has sold more than 13,000 new vehicles via its online shopping tool Shop-Click-Drive since it debuted for use on dealership websites a year ago, the automaker said.... Read More »

 

China's Qoros will add compact SUV to growing lineup

Nov. 16, 2014 06:01 CET
Qoros will unveil a compact SUV at the Guangzhou auto show. The Qoros 3 City SUV will give the Chinese brand a model aimed at Europe's fourth-largest segment as it prepares for a regionwide rollout in 2016.... Read More »

 

Brembo Q3 net profit increases 51%

Nov. 15, 2014 06:15 CET
Italian brake maker Brembo reported a 51 percent rise in third-quarter net profit, boosted by higher sales and better margins. The supplier now targets sales to grow about 14 percent to 15 percent this year, up from a previous goal of 13 percent.... Read More »

 

Slowing Jaguar Land Rover sales hit Tata's profit

Nov. 14, 2014 16:04 CET
Jaguar Land Rover's slowing sales caused parent Tata's second-quarter profit to fall 7 percent. Net income dipped to 32.9 billion rupees ($533 million) in the quarter ended Sept. 30, the Indian company reported.... Read More »

 

JAMIE LaREAU

Great product isn't the only ingredient for making happy customers

3:48 pm U.S. ET | Nov. 14, 2014
Sure, product is very important, but consider that most vehicles on the market look good and have comparable quality within their segments. So that means purchase decisions and customer happiness ultimately land on nontangibles such as service, salesperson and the deal.... Read More »

 

Hertz to restate results, change fleet-purchase strategy

2:22 pm U.S. ET | Nov. 14, 2014
Hertz said today it will revise financial statements from 2011 through 2013 and continue a review that has found $87 million of errors so far. Hertz also said it's initiating a $100 million cost-reduction program and said it increased the rate at which it's selling the highest-mileage cars in its fleet by 45 percent.... Read More »

 

Volkswagen Group sales rise 3% in October on Europe, China gains

Nov. 14, 2014 11:09 CET
Volkswagen said group sales increased 3 percent in October as strong gains in western Europe and China helped offset declining demand in the U.S. and South America. Ten-month deliveries rose 5 percent to 8.24 million.... Read More »

 

Ford's European sales up 8% on UK, Italy gains

Nov. 13, 2014 15:07 CET
Ford increased European car sales by 8 percent in October, its fifth straight monthly gain, as it benefited from double-digit growth in the UK and Italy. Overall 10-month sales also rose 8 percent.... Read More »

 

Mercedes, Mini top J.D. Power sales satisfaction rankings

1:00 pm U.S. ET | Nov. 13, 2014
Mercedes-Benz ranked highest in sales satisfaction among luxury brands in the J.D. Power 2014 U.S. Sales Satisfaction Index Study released today. For a fifth consecutive year, Mini ranks highest among mass-market brands, with a score of 727.... Read More »

 

Subaru to hit North America sales target ahead of plan

4:49 am U.S. ET | Nov. 13, 2014
The parent of Subaru said it will reach its mid-term sales target in North America at least three years ahead of plan, helped by demand for the Forester crossover and Legacy sedan.... Read More »

 

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Mini 5-door may become best-seller

Nov. 13, 2014 06:01 CET
The Mini five-door variant targets customers who need more space. Available for the first time with the option of a head-up display and adaptive cruise control, Mini says the five-door hatchback could become its best-seller.... Read More »

 

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How 3 dealerships are connecting with tech-savvy shoppers

How 3 dealerships are connecting with tech-savvy shoppers

Three dealers have found ways to forge bonds with car shoppers who are short on time and long on Web smarts. A Honda store has mobilized a young sales team hired from Starbucks and Best Buy. Mon., November 17
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