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JUNE U.S. AUTO SALES

Trucks drive sales up 3.9%; SAAR hits 17.16 million

8:30 am U.S. ET | July 1, 2015

U.S. light-vehicle sales, fueled by strong truck volume at Nissan, Fiat Chrysler, Honda and Toyota, rose 3.9 percent last month as the industry continued to climb toward one of its biggest sales years ever. The seasonally adjusted sales rate came in at 17.16 million, slightly below forecasts, and down from May's 17.78 million rate but higher than the 16.91 million pace set in June 2014.... Read More »

Ford expects second-half rally for F series as inventory builds

11:00 am U.S. ET | July 1, 2015

Ford posted a 1.5 percent increase in U.S. light-vehicle sales last month, even as F-series deliveries declined to the lowest level since January.... Read More »

FCA up 8.2% on strong Jeep, Chrysler 200 sales

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

The Jeep brand and the Chrysler 200 both helped push Fiat Chrysler's June sales up 8.2 percent, the automaker's best sales for the month of June since 2006. FCA US said it had 185,035 sales in June, its 63rd consecutive month of year-over-year sales gains.... Read More »

Honda, Toyota, Nissan captives face charges of discrimination, report says

12:00 pm U.S. ET | July 1, 2015

The captive finance arms of Honda, Toyota and Nissan may have to limit how much they allow dealers to increase the cost of auto loans after regulators accused the lenders of unintentional discrimination against minority consumers. The CFPB plans to cite American Honda Finance, Toyota Motor Credit and Nissan Motor Acceptance as early as this month for unintentional discrimination, according to consent orders American Banker obtained.... Read More »

FCA tops Ford in retail sales for first time, reports say

1:04 pm U.S. ET | July 1, 2015

Fiat Chrysler Automobiles' retail sales in the U.S. topped Ford Motor Co.'s in June, the first month that's happened, CNBC and Bloomberg reported.... Read More »

GM tally dented by pullback in fleet business

11:00 am U.S. ET | July 1, 2015

A steep drop in sales to rental companies in June magnified General Motors' weak car sales, which sank 15 percent through the first half of the year.... Read More »

BMW slips past Mercedes with record June for U.S. luxury lead

3:21 pm U.S. ET | July 1, 2015

BMW took the lead over Mercedes-Benz in U.S. luxury-auto sales at the halfway point this year with its best-ever June.... Read More »

J.D. Power completes NADA car guide purchase

2:37 pm U.S. ET | July 1, 2015

J.D. Power completed its acquisition of NADA's Used Car Guide today after receiving approval from U.S. regulators.... Read More »

GM fund leaves out scores hurt or killed in cars with switch flaw

10:53 am U.S. ET | July 1, 2015

GM's compensation fund for faulty ignition switches covers only 2.59 million vehicles with that specific flaw. GM says a similar defect subsequently detected in an additional 10 million vehicles is ineligible for compensation because the company recalled the cars immediately after discovering the flaw. Some victims and their advocates think GM should expand the fund for other victims.... Read More »

Japanese automakers to subsidize hydrogen station operating costs

6:25 am U.S. ET | July 1, 2015

Toyota, Nissan and Honda plan to help cover the cost of operating hydrogen stations in the country to popularize cars powered by fuel cells.... Read More »

Toyota's top female executive, Hamp, steps down after arrest in Japan

4:34 am U.S. ET | July 1, 2015

Toyota said Julie Hamp, its first female managing officer, had resigned following her arrest last month on suspicion of illegally importing the painkiller oxycodone into Japan. Hamp, 55, notified Toyota of her intent to resign, the company said in a statement today.... Read More »

Porsche labor chief joins VW board

8:41 am U.S. ET | July 1, 2015

Porsche's labor chief, who once fought a merger with Volkswagen, is joining the parent company's supervisory board as a reshuffle of positions at Europe's largest automaker continues.... Read More »

GM Korea workers approve strike over pay, output

6:57 am U.S. ET | July 1, 2015

GM employees in South Korea voted today in favor of a strike over wages and production volumes, prompted by uncertainty over the automaker's output plans as its labor costs in the country rise.... Read More »

Hyundai global sales fall for third straight month

6:41 am U.S. ET | July 1, 2015

Hyundai's sales fell for a third straight month, dragged down by a slump in overseas deliveries as unfavorable currency exchange rates undermine its ability to compete against Japanese automakers.... Read More »

BMW's 2016 Mini Clubman wagon will be brand's U.S. flagship

11:50 am U.S. ET | June 24, 2015

Mini's redesigned 2016 Clubman wagon will be the brand's flagship model in the United States because of its larger size and added premium features, says the brand's U.S. chief.... Read More »

Toyota shows off renderings of new Texas headquarters

11:45 am U.S. ET | June 24, 2015

Toyota's North American arm took another step in its migration to Plano,Texas, today, unveiling architectural renderings of a headquarters campus that will house some 4,000 employees and consolidate divisions now scattered among sites in California, Kentucky and New York.... Read More »

Lotus Evora returns to U.S. at year's end; U.S. HQ moving to Mich.

2:17 pm U.S. ET | June 24, 2015

Lotus said today that it will launch a fully compliant Evora coupe at the end of the year in the U.S. The company also announced plans to move its U.S. headquarters from Georgia to Michigan.... Read More »

Chevy preps 2016 Camaro convertible with fully automatic top

8:30 am U.S. ET | June 24, 2015

Chevrolet will offer a convertible version of the redesigned 2016 Camaro with a fully automatic top that can open or close at speeds up to 30 mph. GM bills the Camaro's drop top as "the most sophisticated top in the segment," with latches that automatically release and secure the top.... Read More »

ZF to invest $71M in Mich. tech center

3:54 pm U.S. ET | June 24, 2015

German auto supplier ZF Friedrichshafen AG plans to spend more than $71 million and add 571 jobs by expanding its technical center in suburban Detroit.... Read More »

HANNAH LUTZ

BLOG: 3 steps to regulatory compliance

12:15 pm U.S. ET | June 24, 2015

To stay out of trouble with regulators, clean up compliance. It sounds like an obvious solution, but what do dealers need to do to be sure compliance is up to par?... Read More »

NYC dealership must provide documents for non-English speakers

12:15 pm U.S. ET | June 24, 2015

As part of a settlement with the New York attorney general's office, a New York City dealership group must begin providing translations of sales documents to customers who negotiate their vehicle purchases in languages other than English.... Read More »

Lexus builds functional hoverboard prototype

11:23 am U.S. ET | June 24, 2015

Toyota is heading back to the future. The Lexus brand has actually built a working model of a hoverboard. It's real, but not for sale. Yet.... Read More »

Ford issues 16th recall on Escape since latest redesign

9:46 am U.S. ET | June 24, 2015

Ford has issued the 16th recall on the Escape crossover since its redesign three years ago. The automaker today said it needs to fix a problem with the instrument panel on more than 200,000 Escapes and Transit Connects from the 2014 and 2015 model years.... Read More »

Lenders stretch subprime auto loans, stoking concerns over consumer debt load

12:15 pm U.S. ET | June 24, 2015

Demand for automobile debt in the U.S. is enabling lenders to make longer loans to people with spotty credit, stoking concern that car shoppers are being lulled into debt loads they won't be able to sustain.... Read More »

Toyoda earned $2.84 million last year after bonus doubles

7:47 am U.S. ET | June 24, 2015

Toyota President Akio Toyoda earned 352 million yen ($2.84 million) in total compensation last year after his bonus doubled to about $2 million, the company said in a regulatory filing today.... Read More »

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