Automotive News Retail News Feed http://www.autonews.com News, blogs and commentary from the leader in North American automotive news en-us Wed, 10 Feb 2016 06:00:00 EST Leasing on rise and being 'done right,' says Cox economist http://www.autonews.com/article/20160210/FINANCE_AND_INSURANCE/160209856/leasing-on-rise-and-being-done-right-says-cox-economist Wed, 10 Feb 2016 10:00:00 EST Although leasing is on the rise, it is 'leasing done right' this time, in contrast to 'leasing done wrong' in 1999 when leases last peaked and ultimately damaged residual values dramatically, Tom Webb, Cox Automotive chief... BMW drops to 3rd place in global luxury sales race during January http://www.autonews.com/article/20160210/GLOBAL/160219996/bmw-drops-to-3rd-place-in-global-luxury-sales-race-during-january Wed, 10 Feb 2016 06:30:58 EST BMW lost ground in the luxury-car sales race in January, dropping to third place as Mercedes-Benz moved closer to a goal of unseating its rival this year. BMW drops to third place in luxury sales race during January http://europe.autonews.com/article/20160210/ANE/160219998/bmw-drops-to-third-place-in-luxury-sales-race-during-january Wed, 10 Feb 2016 05:56:37 EST BMW lost ground in the luxury-car sales race in January, dropping to third place as Mercedes moved closer to a goal of unseating its rival this year. Nissan profit boosted by strong U.S. demand http://www.autonews.com/article/20160210/RETAIL01/160219999/nissan-profit-boosted-by-strong-u-s-demand Wed, 10 Feb 2016 04:28:42 EST Nissan reported a 24 percent increase in operating profit in the latest quarter on the back of booming North American sales and cost cutting. Google's autonomous tech can be considered driver under federal law, NHTSA says http://www.autonews.com/article/20160209/OEM06/160209807/googles-autonomous-tech-can-be-considered-driver-under-federal-law Tue, 9 Feb 2016 20:12:06 EST U.S. vehicle safety regulators have said the artificial intelligence system piloting a self-driving Google car could be considered the driver under federal law, a major step toward ultimately winning approval for autonomous vehicles on the roads. GM mobilizes to build more small pickups http://www.autonews.com/article/20160209/OEM01/160209816/gm-mobilizes-to-build-more-small-pickups Tue, 9 Feb 2016 15:44:25 EST General Motors will increase production of the Chevrolet Colorado midsize pickup, which has been in tight supply since its debut 18 months ago, a company executive said today. Mercedes is not chasing luxury sales lead at any price, Zetsche says http://europe.autonews.com/article/20160209/ANE/160209840/mercedes-is-not-chasing-luxury-sales-lead-at-any-price-zetsche-says Tue, 9 Feb 2016 05:29:27 EST Daimler CEO Dieter Zetsche says Mercedes will not sacrifice margins in its quest to overtake rival BMW and become the world's best-selling luxury brand. GM awards more business to ad agency Commonwealth http://www.autonews.com/article/20160209/RETAIL03/160209829/gm-awards-more-business-to-ad-agency-commonwealth Tue, 9 Feb 2016 10:24:10 EST Ad agency Commonwealth/McCann has added some more business from General Motors at the expense of Leo Burnett. Porsche CEO says profits will be hit by EV investment http://europe.autonews.com/article/20160209/ANE/160209841/porsche-ceo-says-profits-will-be-hit-by-ev-investment Tue, 9 Feb 2016 05:02:13 EST Porsche is bracing for smaller profit gains in the future as the sports-car maker steps up spending on models such as its first EV, CEO Oliver Blume said. Which 'Super' ad will be remembered by history? http://www.autonews.com/article/20160209/VIRALVIDEO/302099996/which-super-ad-will-be-remembered-by-history Tue, 9 Feb 2016 00:01:00 EST Super Bowl 50 may be over, but the competition among Super Bowl commercials for Internet phenomenon status is just beginning. Hyundai's Super Bowl blitz scored big http://www.autonews.com/article/20160208/BLOG06/160209846/hyundais-super-bowl-blitz-scored-big Mon, 8 Feb 2016 16:00:35 EST Hyundai wanted to make a splash in its first Super Bowl as the NFL's automotive sponsor, but it didn't just throw money around with reckless abandon. The inventory is too low? Oh, the irony http://www.autonews.com/article/20160208/RETAIL/302089978/the-inventory-is-too-low-oh-the-irony Mon, 8 Feb 2016 00:01:00 EST Wall Street analysts tend to keep a wary eye on automakers' vehicle inventory. If it creeps up, it can be a sign that profit-eroding incentives are coming to help move the metal. VW dealership valuations slide; some smell opportunity http://www.autonews.com/article/20160208/OEM/302089951/vw-dealership-valuations-slide-some-smell-opportunity Mon, 8 Feb 2016 00:01:00 EST Volkswagen's diesel scandal has dinged the company's sales, profits and image. Now, as the scandal enters its sixth month with few signs of a resolution, the effects are trickling down to the value of its U.S. dealerships. Automakers opt for less TV time during Super Bowl http://www.autonews.com/article/20160208/RETAIL03/160209858/automakers-opt-for-less-tv-time-during-super-bowl Mon, 8 Feb 2016 10:39:47 EST The Super Bowl was a little less sleek, sporty and horsepowered this year. Cash for Nissan's preferred dealers http://www.autonews.com/article/20160208/RETAIL07/302089950/cash-for-nissans-preferred-dealers Mon, 8 Feb 2016 00:01:00 EST In its drive to grab a larger slice of the U.S. market, Nissan North America is quietly forming alliances with selected dealers who get favorable treatment, and sometimes millions of dollars, from the company. Russian new-car sales continue steep decline in January http://europe.autonews.com/article/20160208/ANE/160209861/russian-new-car-sales-continue-steep-decline-in-january Mon, 8 Feb 2016 09:45:12 EST Russian new-car sales plunged 29 percent last month, extending a collapse from 2015 that is forcing the government to spend billions of rubles more to support the ailing auto industry. Detroit 3's share of rental fleet declined in 2015 http://www.autonews.com/article/20160208/RETAIL/160209868/detroit-3s-share-of-rental-fleet-declined-in-2015 Mon, 8 Feb 2016 09:00:00 EST GM, Ford and Fiat Chrysler accounted for 60.1 percent -- their lowest collective share ever -- of the 1.78 million new cars and light trucks sold to rental fleets in 2015. PSA will pay Iran partner $446 million compensation for quitting market, report says http://europe.autonews.com/article/20160208/ANE/160209866/psa-will-pay-iran-partner-446-million-compensation-for-quitting Mon, 8 Feb 2016 05:28:01 EST PSA will pay its Iran partner $446 million in compensation for losses incurred after it quit the country due to sanctions, the Iranian company told a local news agency. 'Autopia' future promoted by Google and Apple will hurt traditional carmakers http://europe.autonews.com/article/20160208/BLOG15/160209931/autopia-future-promoted-by-google-and-apple-will-hurt-traditional Mon, 8 Feb 2016 00:01:00 EST Industry disrupters such as Google and Apple are better funded than their potential rivals from the automotive field. That could be bad news for traditional auto companies, an industry analyst said. Honda Ridgeline: Not your teenager's truck http://www.autonews.com/article/20160208/RETAIL03/302089955/honda-ridgeline-not-your-teenagers-truck Mon, 8 Feb 2016 00:01:00 EST Honda hopes its marketing campaign for the Ridegline will grab buyers with a little more gray in their hair and green in their wallets than the prototypical Toyota Tacoma fan. Used-car loophole for recalls tightens up http://www.autonews.com/article/20160208/RETAIL04/302089962/used-car-loophole-for-recalls-tightens-up Mon, 8 Feb 2016 00:01:00 EST While a proposed federal law to close the used-car loophole is dead for now, efforts to keep unrepaired recalled vehicles out of circulation are stirring. A boost in fleet helps Jan. sales stay afloat http://www.autonews.com/article/20160208/RETAIL01/302089963/a-boost-in-fleet-helps-jan-sales-stay-afloat Mon, 8 Feb 2016 00:01:00 EST Strong fleet volume lifted overall sales of new light vehicles in the U.S. in January -- almost enough to overcome a shortened calendar and a winter storm. Toyota's Carter to speak at Retail Forum http://www.autonews.com/article/20160208/RETAIL/302089964/toyotas-carter-to-speak-at-retail-forum Mon, 8 Feb 2016 00:01:00 EST Bob Carter, senior vice president of automotive operations for Toyota Motor Sales U.S.A., will be a featured speaker at the Automotive News Retail Forum on March 31. Premium brands face challenges as incentives rise and trucks rule the day http://www.autonews.com/article/20160208/RETAIL01/302089965/premium-brands-face-challenges-as-incentives-rise-and-trucks-rule Mon, 8 Feb 2016 00:01:00 EST Luxury sales are slowing down, particularly on the car side. Can the luxury automakers keep a lid on their incentives and inventories? For FCA, no one brand was big enough for 'Star Wars' http://www.autonews.com/article/20160208/RETAIL03/302089987/for-fca-no-one-brand-was-big-enough-for-star-wars Mon, 8 Feb 2016 00:01:00 EST December is not only prime time for blockbuster Hollywood releases; it's also a crucial month for auto sales promotions. Just because rebadging hasn't worked so well before ... http://www.autonews.com/article/20160208/RETAIL03/302089977/just-because-rebadging-hasnt-worked-so-well-before Mon, 8 Feb 2016 00:01:00 EST Fiat Chrysler's plan to replace the Dodge Dart and Chrysler 200 with vehicles built under contract by other automakers faces long odds. In fact, it's hard to think of a rebadged or 'captive import' that has been successful. AutoNation's recall policy disrupts used-vehicle business http://www.autonews.com/article/20160208/RETAIL07/302089998/autonations-recall-policy-disrupts-used-vehicle-business Mon, 8 Feb 2016 00:01:00 EST AutoNation's recall policy challenged its used-vehicle business in the fourth quarter. The disruptions will continue through the first half as the retailer continues to expand its used-vehicle inventory. Texas dealer tunes into aftermarket audio http://www.autonews.com/article/20160208/RETAIL07/302089996/texas-dealer-tunes-into-aftermarket-audio Mon, 8 Feb 2016 00:01:00 EST Huffines Chrysler-Jeep-Dodge-Ram Lewisville in suburban Dallas last year took a shot at selling specialized aftermarket audio accessories and has amped up profits as a result. Dealer anniversaries http://www.autonews.com/article/20160208/RETAIL07/302089992/dealer-anniversaries Mon, 8 Feb 2016 00:01:00 EST Dealers featured this week include Greg Wills and Chris Wills of Wills Toyota in Twin Falls, Idaho; Adam Greene, owner of Trend Motors Volkswagen in Rockaway, N.J.; Steve Plante, dealer principal of Tri-City Chrysler-Dodge-Jeep-Ram in Somersworth, N. Stars and cars, Jeeps and sheep: Super Bowl auto ad roundup http://www.autonews.com/article/20160207/RETAIL03/160209873/stars-and-cars-jeeps-and-sheep-super-bowl-auto-ad-roundup Sun, 7 Feb 2016 00:01:00 EST Beneath the glamour of 2016's star-filled auto Super Bowl ads sat a group of vehicles that will be pawns crucial to each brand's product lineup. Christopher Walken was the only choice for Kia's Super Bowl ad http://www.autonews.com/article/20160207/RETAIL03/160209869/christopher-walken-was-the-only-choice-for-kias-super-bowl-ad Sun, 7 Feb 2016 12:28:52 EST Only one person could've done Kia's 'Walken Closet' Super Bowl spot. Christopher Walken was the lone option. There was no Plan B. GM sacrifices rental sales to nab higher-margin business http://www.autonews.com/article/20160207/RETAIL01/302089975/gm-sacrifices-rental-sales-to-nab-higher-margin-business Sun, 7 Feb 2016 00:01:00 EST GM is in the midst of a big cutback in sales to rental fleets, an effort that executives say is aimed at improving the bottom line, even if it stunts revenue or market-share growth in the short term. For game day, Nissan changes the channel http://www.autonews.com/article/20160207/RETAIL03/302089958/for-game-day-nissan-changes-the-channel Sun, 7 Feb 2016 00:01:00 EST Nissan's new college sports marketing campaign is its top priority this year. And that meant no Super Bowl ad. Volume sellers they are not, but two-door cars keep coming http://www.autonews.com/article/20160206/OEM03/302089983/volume-sellers-they-are-not-but-two-door-cars-keep-coming Sat, 6 Feb 2016 00:01:00 EST A wave of coupes is appearing in showrooms and at auto shows this year, even though the segment is declining in popularity. Auto brands hope famous faces pay off in Super Bowl ads http://www.autonews.com/article/20160206/RETAIL03/302089986/auto-brands-hope-famous-faces-pay-off-in-super-bowl-ads Sat, 6 Feb 2016 00:01:00 EST A buzzworthy celebrity appearance is often the price of admission for advertising on gameday, but not any celebrity will do. VW sued by N.J. over excess diesel emissions http://www.autonews.com/article/20160206/OEM11/160209874/vw-sued-by-n-j-over-excess-diesel-emissions Sat, 6 Feb 2016 12:38:15 EST New Jersey filed a lawsuit against Volkswagen AG and its luxury units over the German automaker's excess diesel emissions, becoming the fourth U.S. state to take legal action. Group 1 buys U.K. dealership group, sells 3 U.S. stores http://www.autonews.com/article/20160205/RETAIL/160209878/group-1-buys-u-k-dealership-group-sells-3-u-s-stores Fri, 5 Feb 2016 16:30:07 EST Group 1 Automotive has acquired the Spire Automotive Group of 12 dealerships in the Greater London area. It also has divested three dealerships in the U.S. Margin squeeze hurts used-vehicle prices, economist says http://www.autonews.com/article/20160205/RETAIL04/160209885/margin-squeeze-hurts-used-vehicle-prices-economist-says Fri, 5 Feb 2016 13:03:25 EST The Manheim Used Vehicle Value Index dipped in January, registering only its second decline in the last eight months. Mercedes sales rise 20% in Jan. on strong China demand http://europe.autonews.com/article/20160205/ANE/160209892/mercedes-sales-rise-20-in-jan-on-strong-china-demand Fri, 5 Feb 2016 07:13:25 EST Sales of Mercedes brand cars increased by 20 percent in January to 150,814, buoyed by a 52 percent jump in China sales. VW launches ad campaign without 'Das Auto' slogan http://europe.autonews.com/article/20160205/ANE/160209908/vw-launches-ad-campaign-without-das-auto-slogan Fri, 5 Feb 2016 00:01:00 EST Volkswagen is launching an advertising campaign in Europe this month that will also roll out globally aimed at winning back trust and sales lost through its diesel emissions-cheating scandal. Renault-Nissan reports record EV sales in 2015 despite drop in Leaf demand http://europe.autonews.com/article/20160205/ANE/160209895/renault-nissan-reports-record-ev-sales-in-2015-despite-drop-in-leaf Fri, 5 Feb 2016 05:37:49 EST Renault-Nissan said global sales of battery-powered vehicles rose 2.5 percent to a record 84,754 last year even though there was a slowdown in demand for the Nissan Leaf, the world's best-selling electric vehicle. Western European car sales rise 6% on Spain, Italy rebound http://europe.autonews.com/article/20160205/ANE/160209909/western-european-car-sales-rise-6-on-spain-italy-rebound Fri, 5 Feb 2016 00:01:00 EST Western European car sales rose nearly 6 percent in January as the southern markets of Spain and Italy continued to lead demand with double-digit growth. How GM's 'shampoo princess' is restoring Opel's image http://www.autonews.com/article/20160204/BLOG06/302049967/how-gms-shampoo-princess-is-restoring-opels-image Thu, 4 Feb 2016 00:01:00 EST Opel marketing chief Tina Mueller, a former cosmetics executive dubbed the "shampoo princess," is playing a pivotal role in restoring the brand's battered image. Fiat Chrysler preps 2 Super Bowl ads http://www.autonews.com/article/20160204/RETAIL03/160209901/fiat-chrysler-preps-2-super-bowl-ads Thu, 4 Feb 2016 15:23:00 EST Fiat Chrysler Automobiles will air two spots during Super Bowl 50 on Sunday. The first ad will air after Coldplay's halftime performance. The second ad will air during the first commercial break in the fourth quarter, FCA revealed today. How GM's 'shampoo princess' is restoring Opel's image http://europe.autonews.com/article/20160204/BLOG15/160209968/how-gms-shampoo-princess-is-restoring-opels-image Thu, 4 Feb 2016 00:01:00 EST Opel marketing chief Tina Mueller, a former cosmetics executive dubbed the "shampoo princess," is playing a pivotal role in restoring the brand's battered image. Asbury income, revenues up in Q4; vehicle margins down http://www.autonews.com/article/20160204/RETAIL/160209907/asbury-income-revenues-up-in-q4-vehicle-margins-down Thu, 4 Feb 2016 11:20:04 EST Asbury Automotive Group said net income soared to $41.1 million in the fourth quarter of 2015 as revenues rose 9.1 percent to $1.64 billion. Subaru parent says quarterly earnings rise 21% http://www.autonews.com/article/20160204/OEM/160209914/subaru-parent-says-quarterly-earnings-rise-21 Thu, 4 Feb 2016 06:52:06 EST Subaru parent Fuji Heavy Industries reported a bigger-than-expected rise in third-quarter operating profit on strong sales of its Subaru cars and a favorable currency impact, keeping it on track to post a record full-year profit. VW brand sales fall again in UK as market grows 3% http://europe.autonews.com/article/20160204/ANE/160209915/vw-brand-sales-fall-again-in-uk-as-market-grows-3 Thu, 4 Feb 2016 05:06:25 EST VW brand's UK car sales fell 14 percent in January, the fourth consecutive monthly drop since the automaker admitted cheating in diesel emissions tests. Jeep, Smart, Jaguar benefit most from Europe's forecast-beating 2015 sales http://europe.autonews.com/article/20160204/ANE/160129887/jeep-smart-jaguar-benefit-most-from-europes-forecast-beating-2015 Thu, 4 Feb 2016 00:01:00 EST Jeep, Smart and Jaguar were the biggest winners last year in Europe, where overall vehicle sales rose 9 percent, exceeding initial analyst expectations of 3 percent growth at most. Scion is not Japan's only failed U.S. brand http://www.autonews.com/article/20160203/RETAIL03/160209923/scion-is-not-japans-only-failed-u-s-brand Wed, 3 Feb 2016 11:31:30 EST Japanese failures in the United States are rare, but there have been a few. And with the death of Scion, announced today, Toyopet no longer stands alone as Toyota's only failed brand. %]