Sales
European car sales post 1st gain in 19 months
5:19 am U.S. ET | May 17, 2013
European car sales rose for the first time in 19 months as a gain in consumer sentiment in countries using the euro led to rebounds in Germany and Spain. Still, the European auto market is at a two-decade low, and industry executives are forecasting a drop of about 5 percent for 2013 amid a recession in the 17-nation euro zone.... Read More » Comments [0] | Recommendations [0]
Audi shifting to high-performance models to propel sales
4:34 am U.S. ET | May 16, 2013
Audi is counting on bigger sales of high-performance cars like the RS5, as well as the new version of the A3 compact, to propel volume this year amid intensifying economic headwinds.... Read More »| Related topics: | U.S. Monthly Sales | Surveys and Studies | Product and Design | Dealer Groups and Dealerships | New Product | Future Product | Green Car |
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Americans, especially young, continue to drive less, report says
5:36 pm U.S. ET | May 14, 2013
Americans, in a worrisome sign for automakers, continue to drive less, with more and more younger people choosing to forgo a driver's license altogether, a major new study released Tuesday found.... Read More »U.S. used-vehicle sales drop 6% in first quarter
4:04 pm U.S. ET | May 14, 2013
Industry-wide used-vehicle sales dropped 6 percent in the first quarter of 2013 compared to the same quarter last year, according to Edmunds.com's new Used Market Quarterly Report.... Read More »GM CFO: Cadillac won't chase 'volume at all costs'
5:45 pm U.S. ET | May 13, 2013
General Motors CFO Dan Ammann says Cadillac will steer clear of what he sees as a "volume-at-all-costs mentality" among competitors battling for the luxury sales crown.... Read More »Hyundai-Kia boosts fleet sales, stops 2-month skid
12:01 am U.S. ET | May 13, 2013
A 67 percent increase in fleet sales helped Hyundai-Kia Automotive end a two-month streak of declining U.S. sales in April, making up for a 6 percent decline in retail volume. In contrast, overall fleet sales for the seven largest automakers rose just 3 percent.... Read More »Ghosn's demand: Double Nissan's U.S. sales
12:01 am U.S. ET | May 12, 2013
Meager U.S. growth was Carlos Ghosn's biggest disappointment last year, and Nissan's CEO has responded by giving his team a big order: Double the brand's sales by 2017.... Read More »Nissan Q4 profit jumps 46%, sees sales rising this year
4:54 am U.S. ET | May 10, 2013
Nissan today reported a 46.1 percent rise in its quarterly net profit to 110 billion yen ($1.11 billion). The automaker forecasts global retail sales will rise to 5.3 million vehicles in the current business year that ends in 2014, up from 4.9 million last year.... Read More »Ferrari will reduce supercar sales to maintain brand exclusivity
9:49 am U.S. ET | May 8, 2013
Ferrari plans to reduce sales to fewer than 7,000 vehicles this year to maintain the exclusivity of the brand. Ferrari plans to boost profitability with high-end, customized version of its vehicles while holding back on their availability.... Read More »GM China April sales rise 15% as Toyota struggles
6:19 am U.S. ET | May 6, 2013
General Motors reported sales growth in China accelerated last month while Toyota's sales continued to lag. GM sales climbed 15 percent to 261,870 units in April, according to figures released today by the carmaker. Toyota reported sales fell 6.5 percent to 76,400 units, the ninth drop in 10 months.... Read More »CARRYING THE LOAD
Surge in high-profit pickups, SUVs made April big for Detroit
12:01 am U.S. ET | May 6, 2013
April's auto sales rate was the lowest since October, but the parade of high-margin pickups and SUVs rolling off dealership lots gave the Detroit 3 double-digit increases for the month, hefty profits and a spike in market share.... Read More »Tesla hikes guaranteed residual value on Model S
4:16 pm U.S. ET | May 3, 2013
Tesla increased the guaranteed residual value of its electric Model S sedan to 50 percent after its lease-to-own period of three years. The car's guaranteed residual value had been tied to that of the Mercedes-Benz S class, which, at 43 percent after 36 months, is relatively low compared with the overall luxury segment.... Read More »Sales Data
Inventory
ADESA parent KAR's Q1 profit rose 12% to $29 million
10:09 am U.S. ET | May 2, 2013
KAR Auction Services, parent company of vehicle-auction company ADESA, said its first-quarter net income rose 12 percent to $29 million on a 10 percent increase in revenue, to $558 million.... Read More »AutoNation's new-vehicle sales rose 10% in April
1:37 pm U.S. ET | May 2, 2013
Driven by a domestic-brand sales surge, AutoNation, the nation's largest dealership group, reported a 10 percent gain in new-vehicle sales in April.... Read More »Mid-sized sedans, hot in 2012, cool off
5:11 pm U.S. ET | May 1, 2013
For the third straight month, a different car has topped the giant mid-sized sedan market, a segment that has significantly slowed this year as competition intensifies. Sales declined in April for seven of the 10 top mid-sized cars. Overall, mid-sized car sales fell 1 percent in the month and are up just 2 percent so far this year.... Read More »APRIL U.S. AUTO SALES
Ford, Nissan lead gains as trucks, new models propel sales up 9%
8:00 am U.S. ET | May 1, 2013
Rising demand for Detroit 3 pickups helped lift U.S. auto sales 9 percent last month, while surprising declines at Toyota and Volkswagen took some steam out of the market's steady recovery. The seasonally adjusted annual sales rate came in at 14.9 million, marking the first time since October that the SAAR failed to top 15 million.... Read More »Detroit 3 climb with pickups; industry recovery slips
5:33 pm U.S. ET | May 1, 2013
Booming pickup sales drove Detroit automakers to double-digit gains and the U.S. auto market 9 percent higher in April. While that percentage gain was the second-highest of the year, the results marked a setback for the industry's recovery. The seasonally adjusted annual sales rate came in at 14.9 million, below estimates in the 15.2 million range.... Read More »GM redemption seen culminating in return to S&P 500 Index
11:45 am U.S. ET | May 1, 2013
As the Treasury sells off its shares of General Motors, the automaker is likely to return to the Standard & Poor's 500 Index in the next year, passing another milestone in its redemption. Getting back into the S&P 500 would help U.S. taxpayers expedite their exit from the company, likely boost GM stock in the short term and help support the shares in the long run as well.... Read More »Mercedes extends U.S. luxury lead over BMW in April
2:03 pm U.S. ET | May 1, 2013
Mercedes-Benz extended its lead over BMW in the U.S. luxury sales race, with a 5.8 percent gain in April. Sales for the Mercedes brand rose to 23,635 in April, led by gains for the C-class sedan and M-class SUV. The BMW brand posted a 10 percent increase in April to 23,225, the company said today in a statement.... Read More »
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Special Report
 Ford's Hinrichs: 'We've learned lessons from the last few years'Ford's new Americas boss Joe Hinrichs says the hobbled launch of the Lincoln MKZ has been his biggest... Mon., May 13» Watch the Video |
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