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Ford seen as ‘canary’ with record leases spurring used-car glut

A glut of used vehicles has started to depress prices. That trend will intensify as Americans will return 3.36 million leased cars and trucks this year, another jump after a 33 percent surge in 2016, according to J.D. Power. The fallout has already begun, with Ford shaving $300 million from its financial-services arm’s profit forecast for this year.

 

Wal-Mart, CarSaver will sell cars

UPDATED: 1/23/17 12:31 pm ET

Wal-Mart Stores, the nation's largest retailer, is jumping into car sales through partnerships with dealership groups, including AutoNation Inc., the nation's largest new-vehicle retailer, and with CarSaver, an online auto retail platform.

Audi 'fanatically focused' on dealer profitability

Audi of America's six-year string of consecutive year-over-year monthly sales gains may grab headlines, but it is other industry-leading numbers

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Ford seen as ‘canary’ with record leases spurring used-car glut

A glut of used vehicles has started to depress prices. That trend will intensify as Americans will return 3.36 million leased cars and trucks this year, another jump after a 33 percent surge in 2016, according to J.D. Power. The fallout has already begun, with Ford shaving $300 million from its financial-services arm’s profit forecast for this year.

Will the next luxury flagship be a truck?

Mercedes and BMW still sell a good volume of the luxury sedans known as brand flagships. But the identity builders for European luxury brands are likely to increasingly become crossovers and SUVs as the sales shift to trucks continues.

Lincoln dials back in China

Lincoln will continue to expand in China this year, but the pace of growth for its dealership network will likely slow after targets were exceeded in 2016.

Audi 'fanatically focused' on dealer profitability

Audi of America's six-year string of consecutive year-over-year monthly sales gains may grab headlines, but it is other industry-leading numbers associated with the luxury brand that turn dealer heads, says U.S. brand boss Scott Keogh.

Dealers watching inventory, adding staff

Dealers, slightly cautious about 2017, are holding the line on facilities expansions or renovations. More plan to trim new-vehicle inventory in anticipation of flat to lower U.S. sales. But overall, dealers are almost evenly split on their inventory plans.

VW delays bid to boost Audi's China sales with SAIC deal

VW Group says it will not produce or sell any Audi cars with SAIC in China until at least 2018, seeking first to strengthen ties with existing Audi partner FAW. A partnership with SAIC, China's largest automaker, could boost Audi's slowing sales as rival Mercedes makes ground in the market.

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