Automotive News Retail News Feed http://www.autonews.com News, blogs and commentary from the leader in North American automotive news en-us Tue, 18 Sep 2018 06:00:00 EST Sunshine belies ongoing flood threat in Florence's wake http://www.autonews.com/article/20180918/RETAIL07/180919709/hurricane-florence-dealers-damage-carolina Tue, 18 Sep 2018 14:36:42 EST As dealers assess damage, the threat of flooding is expected to continue in the Carolinas all week. Flood damage has been worse than expected, the head of the North Carolina Dealers Association said. Ferrari's plan through 2022 includes 15 new models, more hybrids, retail price growth http://www.autonews.com/article/20180918/OEM01/180919722/ferrari-ceo-launch-plan Tue, 18 Sep 2018 08:49:33 EST Ferrari plans to launch 15 new models by 2022, and the company expects the average retail price for its vehicles to increase "significantly." Why the entry-level Mercedes-Benz A class is loaded with new technology http://www.autonews.com/article/20180918/OEM04/180919715/daimler-mercedes-benz-a-class-technology-millennials Tue, 18 Sep 2018 11:20:22 EST The Mercedes-Benz A-class compact sedan, expected to arrive in U.S. showrooms early next year, is the brand's new "gateway" vehicle -- designed to draw the next generation of customers. Ferrari's plan through 2022 includes 15 new models, more hybrids, retail price growth http://europe.autonews.com/article/20180918/COPY/309189927/ferrari-ceo-launch-plan Tue, 18 Sep 2018 08:49:33 EST Ferrari plans to launch 15 new models by 2022, and the company expects the average retail price for its vehicles to increase "significantly." Hyundai Capital moves to foreclose on stores owned by ex-NFL players http://www.autonews.com/article/20180918/RETAIL07/180919724/hyundai-foreclose-nfl-players Tue, 18 Sep 2018 08:05:31 EST Hyundai Capital America has launched foreclosure proceedings against the owners -- auto industry veteran Michael Saporito and ex-NFL linebackers Jessie Armstead and Antonio Pierce -- of Hyundai and Kia dealerships in Pennsylvania accused of failing... Renault-Nissan-Mitsubishi lets Google's Android into its dashboards http://www.autonews.com/article/20180918/COPY01/309189948/renault-nissan-mitsubishi-lets-googles-android-into-its-dashboards Tue, 18 Sep 2018 07:15:00 EST Renault, Nissan and Mitsubishi Motors announced a technology partnership that will make its vehicles among the first to use Google's Android operating system in its dashboards to control navigation, infotainment and apps directly installed in... Renault-Nissan alliance lets Google's Android into its dashboards http://europe.autonews.com/article/20180918/ANE/180919727/renault-nissan-alliance-lets-googles-android-into-its-dashboards Tue, 18 Sep 2018 04:01:32 EST Renault, Nissan and Mitsubishi Motors announced a technology partnership that will make its vehicles among the first to use Google's Android operating system in its dashboards to control navigation, infotainment and apps directly installed in... Why China's auto sales are suddenly declining http://www.autonews.com/article/20180917/RETAIL01/180919822/china-auto-sales Mon, 17 Sep 2018 00:01:00 EST Industry trade groups and market research firms have produced various theories to explain why the market suddenly ran out of steam. But a website tracking peer-to-peer lending in China has provided one plausible factor. Volkswagen to up its crossover game http://www.autonews.com/article/20180917/RETAIL01/180919786/volkswagen-crozz-crossover Mon, 17 Sep 2018 00:01:00 EST A 1964 Volkswagen of America print advertisement offers clues to why cars are in steep decline today. Nissan executive Denis Le Vot says sees sedans rebounding as Altima launches http://www.autonews.com/article/20180917/RETAIL01/180919761/nissan-denis-levot-altima Mon, 17 Sep 2018 00:01:00 EST Nissan sees a decent future ahead for cars. Its European operations aren't so sure about that. After Florence, retailers assess flood and wind damage; Mercedes, Volvo resume operations http://www.autonews.com/article/20180917/RETAIL07/180919736/hurricane-florence-aftermath-dealers-volvo-mercedes Mon, 17 Sep 2018 14:29:24 EST Dealerships in North Carolina have been reporting wind damage and flooding at their stores after Florence, now a tropical depression, blew through over the weekend. Mercedes-Benz and Volvo resumed operations at their South Carolina plants. Ram midsize pickup to emerge from Jeep plant, won't be Fiat-based http://www.autonews.com/article/20180917/OEM04/180919760/ram-midsize-pickup-dakota-jeep Mon, 17 Sep 2018 00:01:00 EST Ram's new midsize pickup will be a body-on-frame truck built in the same plant as Jeep's upcoming Wrangler-based pickup. End the disputes over retail sales indexes before they happen http://www.autonews.com/article/20180917/RETAIL/180919821/gm-rsi-dispute-folsom-beck-chevrolet Mon, 17 Sep 2018 00:01:00 EST RSI and other sales effectiveness metrics are useful in motivating dealers to compete and excel, as long as the underlying targets are not calculated or enforced capriciously. Will rising interest rates affect dealership valuations? http://www.autonews.com/article/20180917/RETAIL/180919853/interest-rates-dealership-valuations-james-taylor-presidio Mon, 17 Sep 2018 00:01:00 EST Presidio Managing Director James Taylor considers the impact of higher interest rates on store valuations. Michigan dealer Jay Feldman grows sales with partner Mark Wahlberg http://www.autonews.com/article/20180917/RETAIL/180919826/dealer-jay-feldman-sales-mark-wahlberg Mon, 17 Sep 2018 00:01:00 EST Three years ago, Jay Feldman rebranded his auto group and has continued to grow sales. This summer he partnered with celebrity Mark Wahlberg to buy a Chevy store in Ohio. Porsche offering short-term rental programs to drive interest http://www.autonews.com/article/20180917/RETAIL/180919785/porsche-subscription-service-dealers-rental Mon, 17 Sep 2018 00:01:00 EST Porsche has rolled out two short-rental programs to get more consumers exposed to driving its cars. Lithia invests $54 million in used-car startup Shift http://www.autonews.com/article/20180917/RETAIL04/180919759/lithia-shift-used-investment Mon, 17 Sep 2018 00:01:00 EST The partnership will provide the capital Shift needs to expand beyond California and across the country. Cadillac's Carlisle ready to lead brand 'on the offensive' http://www.autonews.com/article/20180917/RETAIL/180919767/cadillac-carlisle-xt4 Mon, 17 Sep 2018 00:01:00 EST This week's dealer meeting will be a coming-out party for Steve Carlisle, who replaced the outspoken Johan de Nysschen in April. Mercedes' 2020 GLE gains space. Can it gain ground? http://www.autonews.com/article/20180917/RETAIL01/180919762/mercedes-gle-redesigned-2020 Mon, 17 Sep 2018 00:01:00 EST The redesigned crossover boasts a bigger interior with a third-row option, a range of engines and a suite of semi-autonomous technologies. Audi tests $1,395-a-month subscription service linked to Silvercar http://www.autonews.com/article/20180917/RETAIL01/180919770/audi-select-silvercar-subscription Mon, 17 Sep 2018 00:01:00 EST Subscribers can change vehicles up to twice a month and hold any vehicle for up to six months. Subaru's 'road trips' reach outdoorsy shoppers at REI http://www.autonews.com/article/20180917/RETAIL03/180919781/subaru-rei-road-trips Mon, 17 Sep 2018 00:01:00 EST Subaru of America partnered with outdoor gear retailer REI this summer on weekend road trips to showcase the new Ascent. Smart lighting brightens Varroc's prospects http://www.autonews.com/article/20180917/OEM10/180919805/varroc-smart-lighting-visteon Mon, 17 Sep 2018 00:01:00 EST The lighting segment is hot in part because it is going through a smart technology revolution. British sports car booster Kjell Qvale honored http://www.autonews.com/article/20180917/RETAIL01/180919792/british-car-kjell-qvale-honors Mon, 17 Sep 2018 00:01:00 EST British sports car booster Kjell Qvale, who died in 2013, has been inducted into the British Sports Car Hall of Fame. Dealer anniversaries http://www.autonews.com/article/20180917/RETAIL07/180919807/dealer-anniversaries Mon, 17 Sep 2018 00:01:00 EST The dealer featured this week is Willie Outten, dealer operator of Outten Chevrolet of Hamburg in Pennsylvania. Sales of adhesives and sealants predicted to surge by 2024 http://www.autonews.com/article/20180917/RETAIL01/180919802/sales-adhesives-sealants-3-2-billion Mon, 17 Sep 2018 00:01:00 EST A Frost and Sullivan forecast projects a $3.2 billion dollar increase in sales of adhesives and sealants by 2024. U.S. auto inventory is down from 2017, up from August http://www.autonews.com/article/20180917/RETAIL/180919813/u-s-auto-inventory-september Mon, 17 Sep 2018 00:01:00 EST Across the industry, automakers and dealers had an estimated 3,809,000 unsold vehicles on hand on Sept. 1, a 69-day supply -- slightly up from a month earlier Subaru Ascent marketing stresses third row http://www.autonews.com/article/20180916/RETAIL03/180919783/subaru-ascent-marketing-three-row Sun, 16 Sep 2018 00:01:00 EST Subaru is not going to let people forget that its new Ascent has three rows of seating. Europe's crossover craze drives market gains http://europe.autonews.com/article/20180915/ANE/180919922/europes-crossover-craze-drives-market-gains Sat, 15 Sep 2018 00:01:00 EST SUVs and crossovers accounted for one-third of European sales through June for the first time. Their volume increased by almost 20 percent in a market that was up by just 2.5 percent. Only three non-SUV segments grew during the first six months. Dealer rescued by swift boat as Hurricane Florence thrashes North Carolina http://www.autonews.com/article/20180914/RETAIL07/180919794/hurricane-florence-hits-north-carolina-dealers Fri, 14 Sep 2018 12:22:26 EST With Florence downgraded from a hurricane to a tropical storm and its winds calming, the concern for residents of the Carolinas and surrounding areas is now the rain. United Road Services promotes President Mark Anderson to CEO http://www.autonews.com/article/20180914/OEM02/180919779/united-road-services-anderson-ceo Fri, 14 Sep 2018 14:11:42 EST United Road Services, one of the largest vehicle trucking companies in North America, said President Mark Anderson will succeed CEO Kathleen McCann, effective Jan. 1. Dealer groups' lost sales likely to be offset by rebound in Hurricane Florence's wake, analysts say http://www.autonews.com/article/20180913/RETAIL/180919839/storm-damage-offset-recovery Thu, 13 Sep 2018 16:20:47 EST Hurricane Florence -- now battering the North Carolina coast -- prompted store closures and lost sales, and is likely to result in property damage to showrooms and inventory, but analysts expect fourth-quarter benefits for dealers to more than... Why Nissan named Naomi Osaka its new brand ambassador http://www.autonews.com/article/20180913/RETAIL03/180919866/nissan-osaka-brand-ambassador-japan Thu, 13 Sep 2018 06:30:18 EST Nissan signed U.S. Open champion Naomi Osaka as its next brand ambassador, the automaker said, tapping the tennis star's youth, drive and Japanese roots to appeal to younger customers. Daimler buys stake in VW's Heycar used-car platform http://europe.autonews.com/article/20180913/ANE/180919867/daimler-buys-stake-in-vws-heycar-used-car-platform Thu, 13 Sep 2018 05:59:46 EST Daimler will buy a 20 percent stake in Heycar, a used-car portal launched last year by rival VW Group. Why Lithia is investing $54 million into a used-car startup http://www.autonews.com/article/20180913/RETAIL/180919861/lithia-deboer-used-car-startup-investment Thu, 13 Sep 2018 08:01:00 EST Lithia Motors is investing $54 million into online used-car buying startup Shift Technologies. The money will help Shift expand technologically and geographically. First Shift: Nissan signs tennis champ Osaka as ambassador http://www.autonews.com/article/20180913/VIDEO/309139998/first-shift-nissan-signs-tennis-champ-osaka-as-ambassador Thu, 13 Sep 2018 08:00:00 EST Nissan signs tennis star Naomi Osaka; Hyundai dealers seek arbitration; Warning from Elon Musk; Lithia, Daimler invest in used-car ventures; A Subaru tech degree; Legos Bugatti. Elon Musk says he's addressing Tesla's slow customer responses http://www.autonews.com/article/20180913/RETAIL/180919864/elon-musk-slow-tesla-response Thu, 13 Sep 2018 06:51:16 EST Tesla is getting overwhelmed by demand and isn't responding to customers quickly, CEO Elon Musk said, acknowledging the pitfalls of producing more electric cars. Daimler buys 20% stake in VW's Heycar used-car platform http://www.autonews.com/article/20180913/COPY01/309139966/daimler-buys-20-stake-in-vws-heycar-used-car-platform Thu, 13 Sep 2018 05:59:46 EST Daimler will buy a 20 percent stake in Heycar, a used-car portal launched last year by rival VW. 2020 Kia Telluride va en grande en medio de la Semana de la Moda de Nueva York http://www.autonews.com/article/20180912/MEXICO/309129949/kia-telluride-crossover-new-york-fashion Wed, 12 Sep 2018 00:01:00 EST El Telluride 2020 se convertirá en el mayor cruce en la alineación de Kia a medida que la marca se entrelaza con la semana de la moda de Nueva York para ayudar a capitalizar el continuo cambio del consumidor a crossovers. Nissan exits Europe's compact car segment http://www.autonews.com/article/20180912/COPY01/309129961/nissan-exits-europes-compact-car-segment Wed, 12 Sep 2018 07:15:00 EST Nissan has stopped building the Pulsar hatchback for Europe and will end production of the Almera sedan in Russia later this year. CarMax closes 8 stores ahead of storm http://www.autonews.com/article/20180912/RETAIL/180919876/carmax-storm-retail-dealers-disaster Wed, 12 Sep 2018 11:44:46 EST CarMax has closed eight stores in North Carolina, South Carolina and Virginia as Hurricane Florence began hitting the east coast as a Category 2 storm. VW brand must become significantly more efficient, Diess says http://europe.autonews.com/article/20180912/ANE/180919894/vw-brand-must-become-significantly-more-efficient-diess-says Wed, 12 Sep 2018 06:12:14 EST The VW brand needs higher profits to be able to finance its future, VW Group CEO Herbert Diess told the automaker's staff magazine. Acura presenta el NSX modificado en Monterey Car Week http://www.autonews.com/article/20180912/MEXICO/309129933/acura-nsx-freshened Wed, 12 Sep 2018 00:01:00 EST Un refrescante Acura NSX debutó durante las festividades de Monterey Car Week con un chasis modificado y ajuste de software junto con neumáticos nuevos. Está disponible para pedidos y se espera que las entregas comiencen en octubre. Porsche's latest experiments with on-demand access http://europe.autonews.com/article/20180912/COPY/309129934/porsche-on-demand-access-pilots Wed, 12 Sep 2018 09:46:56 EST Porsche's ongoing experimentation with on-demand vehicle access has generated two more pilot programs. The goal: Find ways to get people into Porsches. VW CEO warns of higher than expected EV costs http://www.autonews.com/article/20180912/COPY01/309129962/vw-electric-vehicles-expenses-rising Wed, 12 Sep 2018 06:12:14 EST Volkswagen warned that ambitious plans to offer an electric version of each model will cost more than it estimated, forcing the carmaker to deepen an efficiency push to meet the spending demands. Porsche's latest experiments with on-demand access http://www.autonews.com/article/20180912/MOBILITY/180919887/porsche-on-demand-access-pilots Wed, 12 Sep 2018 10:00:00 EST Porsche's ongoing experimentation with on-demand vehicle access has generated two more pilot programs. The goal: Find ways to get people into Porsches. PSA targets rise in used-car sales to lift profits http://europe.autonews.com/article/20180912/ANE/180919895/psa-targets-rise-in-used-car-sales-to-lift-profits Wed, 12 Sep 2018 05:30:38 EST PSA is targeting 800,000 used-car sales by 2021 as part of its "Push to Pass" strategic plan. Mercedes-Benz highlights the EQC http://www.autonews.com/article/20180912/VIRALVIDEO/309129997/mercedes-benz-highlights-the-eqc Wed, 12 Sep 2018 00:01:00 EST In the latest new video to top our viral video charts, Mercedes-Benz shows off the all-electric EQC. U.S. brands losing share of shrinking Chinese auto market http://www.autonews.com/article/20180911/RETAIL/180919917/u-s-brands-losing-share-of-shrinking-chinese-auto-market Tue, 11 Sep 2018 07:24:48 EST American carmakers are losing ground in a shrinking Chinese market, and their problems are mostly tied to a lack of competitiveness rather than the trade war, an industry body said. Nissan exits Europe's compact car segment http://europe.autonews.com/article/20180911/ANE/180919916/nissan-exits-europes-compact-car-segment Tue, 11 Sep 2018 07:31:25 EST Nissan has stopped building the Pulsar hatchback for Europe and will end production of the Almera sedan in Russia later this year. Carolina dealers brace for Hurricane Florence http://www.autonews.com/article/20180911/RETAIL07/180919902/dealers-carolina-hurricane-florence Tue, 11 Sep 2018 16:25:26 EST Dealerships in the Carolinas and beyond spent Tuesday securing inventory and sending employees home as they prepared to close in the face of Hurricane Florence's path toward the mid-Atlantic region.