Sales

Carbiz goes toe to toe with CarMax

Some dealers shudder when they hear used-car giant CarMax is opening a store down the road. This used-only dealer deliberately placed his second store next to a CarMax. Here's his strategy.


China's luxury market to grow to 3M a year, Audi, Mercedes predict

China's premium market will grow to about three million cars a year, Audi and Mercedes executives predicted. Audi is China's best-selling luxury brand but is losing ground to Mercedes.

MORE SALES NEWS MARKETING USED CARS

Carbiz goes toe to toe with CarMax

Some dealers shudder when they hear used-car giant CarMax is opening a store down the road. This used-only dealer deliberately placed his second store next to a CarMax. Here's his strategy.


BMW results lifted by HERE after Intel buys stake

BMW reported a 27 percent jump in quarterly pretax profit after an investment by chipmaker Intel drove up the value of its stake in mapping service HERE. BMW also cited higher contributions from its Chinese joint venture as a boost to its earnings.


FCA, Ford gain share as European sales rise 11%

European sales rose 11 percent in March as automakers took advantage of a solid economy and more selling days to lure additional buyers. Fiat Chrysler and Ford were among the automakers that gained market share at the expense of regional leader VW Group and No. 2 PSA.


Porsche uses 'soft cell' approach to win sales

Porsche is expanding its global dealership network with a showroom format that abandons normal markers of corporate identity for a "soft cell" approach. The first store has just opened in Germany, with others to follow in China, the U.S. and the Middle East.


Nissan OK with rising fleet sales

As other automakers shun the daily rental business, Nissan sees an opportunity. "The dollars we get are relevant, so we're going to continue to be there, even if other companies don't want to," says Nissan North America Chairman Jose Munoz.


GM retooling plan signals pickups' launch

General Motors has nearly 100 days' worth of inventory right now but plans to get that down to about 70 by the end of the year, in part by taking some of its plants offline for 10 weeks in the summer and fall.

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