Dealer's first overflow lot in 37 years sign of U.S. inventory pileup

Across dealer lots in America, inventory is piling up as automakers produce more cars than are being bought. Dealers had about 85 days worth of cars and trucks on hand at the beginning of February -- about 22 days more than at the beginning of 2017 and eight days more than a year earlier.

 

Valeo raises its midterm sales and profit targets

Valeo set higher midterm sales and profit targets as the supplier seeks to reassure investors that they need not wait too long for returns on its investments in hybrid, electric and self-driving cars. The company pledged to lift sales to 27 billion euros in 2021 from 16.5 billion euros last year.

Millennials won't compromise on technology

Millennials are at ease with digital technology. That makes the 18- to 34-year-olds less willing to compromise on the features they want, experts say.

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Dealer's first overflow lot in 37 years sign of U.S. inventory pileup

Across dealer lots in America, inventory is piling up as automakers produce more cars than are being bought. Dealers had about 85 days worth of cars and trucks on hand at the beginning of February -- about 22 days more than at the beginning of 2017 and eight days more than a year earlier.

Valeo raises its midterm sales and profit targets

Valeo set higher midterm sales and profit targets as the supplier seeks to reassure investors that they need not wait too long for returns on its investments in hybrid, electric and self-driving cars. The company pledged to lift sales to 27 billion euros in 2021 from 16.5 billion euros last year.

The millennials are coming

So you thought millennials didn’t care about owning cars? Think again. They’re the fastest-growing segment among vehicle buyers and are likely to represent about 40 percent of the U.S. new car market by 2020.

PSA's Tavares says Opel deal would find 'speedy' savings

PSA's proposed acquisition of Opel would swiftly create savings and value for both companies, PSA CEO Carlos Tavares said. PSA could attract new customers currently reluctant to buy French cars, while generating savings from shared technical underpinnings, he said.

LETTER TO THE EDITOR
Go with the flow of changing retail

I am paying for advertising on Facebook, I send email blasts to every contact -- business and personal -- and I promote my websites on all social media and Yelp, writes one reader.

Nissan Leaf finds its fan base

Nissan's bold move into electric vehicles with the Leaf earlier this decade looks like a sales flop to many. But there are pockets of the U.S. market where EVs are in demand.

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