Vehicle Sales

Citroen prepares new models with an eye on China

Aug. 30, 2015 06:01 CET

Citroen is preparing a series of model launches to reverse a sales slump that threatens to hamper parent PSA/Peugeot-Citroen's recovery from near bankruptcy. CEO Linda Jackson is counting on China for a "slight increase" in deliveries this year despite weakening demand compounded by the country's stock market crash.... Read More »

DS will challenge established premium brands

Aug. 28, 2015 06:01 CET

DS may be the youngest brand on the market but its product chief, Vincent Devos, believes the upscale marque can rival the best the luxury segment has to offer within two decades, as he explained to Automotive News Europe.... Read More »

AUGUST U.S. AUTO SALES

Sales may dip for first time in 19 months

1:00 pm U.S. ET | Aug. 27, 2015

Monthly U.S. auto sales are expected to fall for the first time in 19 months in August, but analysts say it's a blip caused by a later-than-usual Labor Day rather than a softening of consumer demand. Still, that could be enough to halt Fiat Chrysler Automobiles' streak of consecutive year-over-year gains after 64 months.... Read More »

China's luxury shoppers hit pause amid roiling markets

7:40 am U.S. ET | Aug. 27, 2015

The rout in China stocks is posing another threat to the world's biggest car market, jeopardizing growth plans for companies from Volkswagen AG to General Motors.... Read More »

Global carmakers rework India plans

Aug. 27, 2015 12:01 CET

Leading global carmakers including VW, GM, Nissan and Renault are reviewing their plans in India as they seek to boost sales, avoid more cutbacks, and better compete against market leaders Maruti Suzuki, Hyundai and Mahindra.... Read More »

Loan terms for used vehicles grow as inventory becomes 'younger, pricier'

1:45 pm U.S. ET | Aug. 26, 2015

Loan terms on used cars and light trucks are ticking up as those vehicles, on average, become “younger and pricier,” according to Edmunds.com. The average loan term on a used vehicle stretched to 66.2 months in the second quarter, up 1.1 month from the year-earlier period. At the same time, the average transaction price rose 7.6 percent to $18,800, the company says in a new report.... Read More »

Ferrari returns to India with California T, new dealers

Aug. 26, 2015 11:40 CET

Ferrari is renewing its Indian market push with two new dealers and the introduction of the California T convertible after terminating earlier dealerships for reasons including dissatisfaction with service levels.... Read More »

VW Group July vehicle sales fall 3.7% on weak China, Russia

Aug. 25, 2015 19:30 CET

Volkswagen's group vehicle sales fell 3.7 percent in July, hurt by weak markets in China, Russia and Brazil and falling volume at the core VW brand. Sales at the group, which includes luxury brands Audi, Porsche and Bentley, along with the VW, Skoda and Seat volume marques, dropped to 792,100, VW said.... Read More »

EDWARD NIEDERMEYER

China meltdown has burned global carmakers

3:45 pm U.S. ET | Aug. 25, 2015

When a chemical warehouse in Tianjin, China, exploded this month, destroying some 10,000 parked vehicles, cynics suggested that the disaster might actually be for the best, given the massive glut of unsold cars sitting on Chinese lots.... Read More »

VW's Seat brand will drop Altea minivan in move to SUVs

Aug. 25, 2015 06:01 CET

Volkswagen Group's Seat unit will discontinue its Altea and Altea XL compact minivans as the brand begins to add a family of SUVs.... Read More »

Daimler still positive on China business despite stock market rout

Aug. 24, 2015 15:36 CET

Mercedes-Benz owner Daimler is counting on China to be a leading driver of car sales growth this year despite the country's stock market turmoil. The automaker expects vehicle ownership levels to rise and will continue to invest more in compact cars in the market where it has been adding dealerships, Hubertus Troska, head of Daimler China, said.... Read More »

Cox working way toward broader role in auto retail

12:01 am U.S. ET | Aug. 24, 2015

Cox Automotive, parent of Autotrader.com, Kelley Blue Book and other well-known brands, wants to cross-pollinate its units' tools. In doing so, Cox, along with other so-called third-party vendors, is seeking to navigate its way to a larger role in auto retailing. But missteps in doing so can easily alienate those vendors' dealer partners, as Cox discovered recently.... Read More »

Europe sales advance 9% in July as economies rebound

Aug. 24, 2015 06:01 CET

European new-car registrations rose 9.1 percent in July as recession-hit countries such as Portugal and Ireland, along with the major markets of Germany, the UK, France and Italy, performed strongly.... Read More »

Market slump casts shadow over how U.S. sales will finish August

2:45 pm U.S. ET | Aug. 24, 2015

Slumping stock markets could make it tough for dealerships to hit their August targets for U.S. new-vehicle sales, rattling consumers who might be on the fence about making a big purchase. The broad declines in U.S. equity markets also pushed shares of General Motors and Ford to 52-week lows Monday before rebounding.... Read More »

Why gasoline is both incredibly cheap and absurdly expensive

3:03 pm U.S. ET | Aug. 24, 2015

Filling up with gasoline in the U.S. is the cheapest it’s been in a decade and yet way too expensive.... Read More »

BEST PRACTICES

Connecticut offers EV rebates to jolt sales

12:01 am U.S. ET | Aug. 23, 2015

In May, Connecticut became the first state to offer cash-on-the-hood rebates to customers who buy EVs or plug-in hybrids, such as the Nissan Leaf, Chevrolet Volt or and Ford C-Max Energi.... Read More »

'Performance is good business'

Amid sales decline, Dodge boss sees a plan coming together

12:01 am U.S. ET | Aug. 22, 2015

With Dodge's U.S. sales off 16 percent this year in a rising overall market, you could argue brand chief Tim Kuniskis should be worried. Yet standing in a parking lot with 10,000 fellow gearheads this month, Kuniskis looked around and saw a brand strategy that is coming together nicely.... Read More »

Oil prices, in boon to truck sales, fall below $40 a barrel as glut spreads

5:12 pm U.S. ET | Aug. 21, 2015

Oil prices on Friday plunged below $40 a barrel in New York for the first time in more than six years, extending the longest decline since 1986 on concern lower demand and growth will prolong a global glut.... Read More »

YANG JIAN

BLOG: Why the Chinese market rout is hitting global auto brands

5:04 am U.S. ET | Aug. 21, 2015

The Chinese government's decision to allow small- and medium-sized businesses to list on the stock market produced a rout that wiped out the wealth of middle-class consumers, the main customers for global automakers.... Read More »

YANG JIAN

BLOG: Why the Chinese market rout is hitting global auto brands

5:04 am U.S. ET | Aug. 21, 2015

The Chinese government's decision to allow small and medium-sized businesses to list on the stock market produced a rout that wiped out the wealth of middle-class consumers, the main customers for global automakers.... Read More »

How Daimler's Car2go could transform how New Yorkers get around town

3:55 pm U.S. ET | Aug. 20, 2015

As residents of Brooklyn and Queens know all too well, not having a car makes it difficult to get from one borough to the other. But soon there will be another option: hopping into an unnervingly small, but surprisingly roomy, two-person vehicle and motoring to the other borough, where the rental ends once the driver parks.... Read More »

Renault-Nissan will cut jobs, production in India

Aug. 20, 2015 12:32 CET

Renault-Nissan plans to cut several hundred jobs in India and reduce production at its plant near Chennai. The move is in reaction to slowing sales caused by the slow pace of new product launches and growing competition from rivals such as Maruti Suzuki and Hyundai.... Read More »

Schaeffler will cut 500 jobs as first-half earnings drop nearly 2%

Aug. 20, 2015 11:04 CET

Schaeffler plans to cut up to 500 jobs in Europe at its industrial division. Earnings at the unit, which makes ball bearings for cars, airplanes and industrial tools, fell 1.7 percent to 171 million euros ($190 million) in the first six months.... Read More »

Toyota, Scion target younger consumers with online sales, finance tool

11:45 am U.S. ET | Aug. 19, 2015

Toyota and Scion are targeting young consumers with a new car-buying program that will enable customers to start both the shopping experience and financing process online. Scion began a pilot of its online transaction program, Pure Process Plus, in May. The Toyota brand plans to launch its online shopping tool in six to 12 months.... Read More »

Toyota ends Land Cruiser production in Russia but remains bullish on market's prospects

Aug. 18, 2015 12:31 CET

Toyota has ended production of the Land Cruiser Prado SUV in Russia but will not pull out of the crisis-hit market. The company said its plan to double annual output at its St. Petersburg plant is still on track.... Read More »

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