Automotive News Retail News Feed http://www.autonews.com News, blogs and commentary from the leader in North American automotive news en-us Wed, 28 Sep 2016 06:00:00 EST Report: Lease deals lack transparency http://www.autonews.com/article/20160928/FINANCE_AND_INSURANCE/309289994/report-lease-deals-lack-transparency Wed, 28 Sep 2016 00:01:00 EST Finance rates on lease offers are difficult to understand, and automakers haven't done enough to make understanding them easier, concludes a report by a personal finance website. Lenders overlook key remarketing data, study finds http://www.autonews.com/article/20160928/FINANCE_AND_INSURANCE/160929838/lenders-overlook-key-remarketing-data-study-finds Wed, 28 Sep 2016 11:45:00 EST Most auto lenders surveyed by Black Book said remarketing is a top strategy for handling lease returns, but few are making use of residual data, deemed key to developing an effective remarketing strategy. Automakers' EV plans will challenge early pioneers http://europe.autonews.com/article/20160928/ANE/160929834/automakers-ev-plans-will-challenge-early-pioneers Wed, 28 Sep 2016 05:31:28 EST Electric-car pioneers including Renault, Nissan and Tesla are facing a challenge from their peers as EV concepts dominate the Paris auto show. MG's Chinese owners fail to revive UK brand http://europe.autonews.com/article/20160928/BLOG15/160929849/mgs-chinese-owners-fail-to-revive-uk-brand Wed, 28 Sep 2016 00:01:00 EST MG's decision to end production in the UK shows just how tough it has been for Chinese owners SAIC to revive the storied British marque in Europe. F&I job-sharing makes for full-time satisfaction http://www.autonews.com/article/20160928/FINANCE_AND_INSURANCE/309289995/fi-job-sharing-makes-for-full-time-satisfaction Wed, 28 Sep 2016 00:01:00 EST FandI managers at Soerens Ford of Brookfield in Brookfield, Wis., no longer fret about working inordinately long days. Audi's R8 in Death Valley stays strong http://www.autonews.com/article/20160928/VIRALVIDEO/309289999/audis-r8-in-death-valley-stays-strong Wed, 28 Sep 2016 00:01:00 EST The luxury carmaker's collaboration with Airbnb continues to get views. Golf icon Arnold Palmer also was an auto industry player http://www.autonews.com/article/20160927/OEM02/160929839/golf-icon-arnold-palmer-also-was-an-auto-industry-player Tue, 27 Sep 2016 15:24:42 EST Golf legend Arnold Palmer took many of his business endeavors into the automotive industry, endorsing his beloved Cadillac and longtime partner Hertz as well as owning six General Motors and Ford dealerships in five states. AutoNews Now: Turning the corner at Volvo http://www.autonews.com/article/20160927/VIDEO/309279974/autonews-now-turning-the-corner-at-volvo Tue, 27 Sep 2016 14:30:00 EST Turning the corner at Volvo; VW offers financial reassurance amid report; Audi, BMW, Daimler tech alliance; Self-driving startup seeks funds; Jeep, Audi ads take political twist. Renault targets 3.5% market share in China http://europe.autonews.com/article/20160927/ANE/160929851/renault-targets-3-5-market-share-in-china Tue, 27 Sep 2016 08:45:36 EST Renault says it is targeting a 3.5 percent market share in China through its partnership with Dongfeng. S90, V90 are key to Volvo's continued revival http://europe.autonews.com/article/20160927/ANE/160909919/s90-v90-are-key-to-volvos-continued-revival Tue, 27 Sep 2016 00:01:00 EST Volvo expects the S90 and V90 will be big steps in the automaker's revival but a challenge looms. It will be difficult to fulfill orders for the new cars while keeping pace with demand for the XC90. Dealer&'s hard line on recalls costs him http://www.autonews.com/article/20160926/RETAIL/309269962/dealer-s-hard-line-on-recalls-costs-him Mon, 26 Sep 2016 00:01:00 EST At his Florida Toyota dealership, Earl Stewart implemented a hard-and-fast ban on selling used cars with unrepaired safety recalls. He won't even wholesale used cars with open recalls. It hasn't been easy. Why does politics leave this industry so tongue-tied? http://www.autonews.com/article/20160926/OEM11/309269976/why-does-politics-leave-this-industry-so-tongue-tied Mon, 26 Sep 2016 00:01:00 EST For the third consecutive presidential election cycle, the automotive industry and its business practices have been thrust into the middle of a political fight. For Cadillac dealers, no push, but a way out http://www.autonews.com/article/20160926/RETAIL07/309269946/for-cadillac-dealers-no-push-but-a-way-out Mon, 26 Sep 2016 00:01:00 EST Cadillac says it isn't trying to push small dealers out. It's just giving them a simpler alternative to what brand boss Johan de Nysschen warns will be a 'long, arduous and challenging journey.' Jeep uses Cat Stevens song in unifying debate ad http://www.autonews.com/article/20160926/RETAIL03/160929865/jeep-uses-cat-stevens-song-in-unifying-debate-ad Mon, 26 Sep 2016 18:04:40 EST Just about the time Republicans and Democrats were yelling over who won Monday's presidential debate, Jeep released an ad that, perhaps impossibly, seeks to unite the country. Audi seizes on Clinton-Trump debate with new ad http://www.autonews.com/article/20160926/RETAIL03/160929872/audi-seizes-on-clinton-trump-debate-with-new-ad Mon, 26 Sep 2016 11:53:33 EST Hillary Clinton and Donald Trump won't be the only man and woman dueling on TV on Monday night. VW considers small crossovers for U.S. http://www.autonews.com/article/20160926/OEM04/309269966/vw-considers-small-crossovers-for-u-s Mon, 26 Sep 2016 00:01:00 EST Volkswagen is pondering a growth plan for North America that includes expansion of its portfolio to lower segments, particularly small crossovers. AutoNews Now: Ford dealer's $2 million nightmare http://www.autonews.com/article/20160926/VIDEO/309269921/autonews-now-ford-dealers-2-million-nightmare Mon, 26 Sep 2016 15:15:00 EST Ford dealer's $2 million nightmare; Audi exec out; Renault-Nissan Microsoft deal; Jeep Compass, Subaru 7-seater spied; Focus EV to go further, faster; Arnold Palmer's car ties. How do you pick buy-sell targets? http://www.autonews.com/article/20160926/BLOG06/160929870/how-do-you-pick-buy-sell-targets Mon, 26 Sep 2016 13:07:11 EST In today's buy-sell market, which franchises would you buy? Adviser Erin Kerrigan's choices might surprise you. A dealer's nightmare: $2 million embezzled http://www.autonews.com/article/20160926/RETAIL/309269961/a-dealers-nightmare-2-million-embezzled Mon, 26 Sep 2016 00:01:00 EST Ford dealer O.C. Welch was stunned a year ago to find out his assistant comptroller was embezzling from him. On Sept. 15, she was sentenced to eight years in prison for stealing nearly $2 million from Welch's South Carolina dealership. Beepi enters market for older used cars http://www.autonews.com/article/20160926/RETAIL04/309269965/beepi-enters-market-for-older-used-cars Mon, 26 Sep 2016 00:01:00 EST Beepi, an online used-car marketplace that competes with dealerships, is looking to expand into older used cars. The new service, called Beepi Blue, will buy those cars from private individuals and sell them at wholesale auctions. Volvo revival reaches 'end of the beginning' http://www.autonews.com/article/20160926/OEM/309269954/volvo-revival-reaches-end-of-the-beginning Mon, 26 Sep 2016 00:01:00 EST Volvo Car USA has turned a corner with two of its four 90 series vehicles on sale and two others due early next year, says its CEO. Nissan makes the most of Miami show http://www.autonews.com/article/20160926/RETAIL03/309269971/nissan-makes-the-most-of-miami-show Mon, 26 Sep 2016 00:01:00 EST Nissan felt the Miami International Auto Show was an ideal spot to reveal the Rogue because it's a prime market to reach Hispanic buyers. Inrix warms to Google's Waze http://www.autonews.com/article/20160926/OEM06/309269992/inrix-warms-to-googles-waze Mon, 26 Sep 2016 00:01:00 EST Traffic data supplier Inrix has agreed to provide data for the mapping app Waze that will help drivers find a parking spot more quickly. Detroit 3 will skep a step in autonomy http://www.autonews.com/article/20160926/OEM06/309269995/detroit-3-will-skep-a-step-in-autonomy Mon, 26 Sep 2016 00:01:00 EST Detroit 3 technology chiefs say their companies plan to skip a major step on the path to autonomous vehicles. Kia expects big boost in CPO http://www.autonews.com/article/20160926/RETAIL04/309269964/kia-expects-big-boost-in-cpo Mon, 26 Sep 2016 00:01:00 EST Kia expects to sell 75,000 CPO units this year. More off-lease vehicles, more CPO listings online and more full-time CPO reps calling on dealers can make that happen, said Kia's manager of CPO and remarketing. Ex-refugee is right at home selling cars http://www.autonews.com/article/20160926/RETAIL07/309269972/ex-refugee-is-right-at-home-selling-cars Mon, 26 Sep 2016 00:01:00 EST When Ron Marhofer Chevrolet hired Bishnu Rai a year ago, it gave the group an opportunity to grow sales among the Bhutanese and Nepalese that have immigrated into the Akron area. September Equinox http://www.autonews.com/article/20160926/RETAIL/309269953/september-equinox Mon, 26 Sep 2016 00:01:00 EST The 2018 Equinox, unveiled aptly on Sept. 22, will be the first compact crossover offered in North America with a turbocharged diesel engine, according to General Motors. AutoNation on campus http://www.autonews.com/article/20160926/RETAIL/309269960/autonation-on-campus Mon, 26 Sep 2016 00:01:00 EST After giving more than $10 million to Nova Southeastern University over the years, AutoNation Inc. saw its name go on top of the university's new research institute last week. The school, in Fort Lauderdale, Fla. Next-gen Jeep Compass surfaces in Brazil http://www.autonews.com/article/20160926/OEM04/309269969/next-gen-jeep-compass-surfaces-in-brazil Mon, 26 Sep 2016 00:01:00 EST Spy photographers in Brazil caught the next-generation Jeep Compass in the middle of a photo shoot completely undisguised earlier this month. Bigger 7-seater for Subaru http://www.autonews.com/article/20160926/OEM04/309269963/bigger-7-seater-for-subaru Mon, 26 Sep 2016 00:01:00 EST Subaru is trying again with a new seven-seat crossover that will replace the ill-fate Tribeca in 2018. VW marketing chief sees opening with immigrants http://www.autonews.com/article/20160926/RETAIL03/309269988/vw-marketing-chief-sees-opening-with-immigrants Mon, 26 Sep 2016 00:01:00 EST Volkswagen figures Hispanics migrating to the U.S. likely are familiar with the brand when they arrive. Dealership challenge foiled by letter of the law http://www.autonews.com/article/20160926/LEGALFILE/309269993/dealership-challenge-foiled-by-letter-of-the-law Mon, 26 Sep 2016 00:01:00 EST When Rick Case Maserati applied to open a new point in Davie, Fla., nearby competitor Maserati of Fort Lauderdale wasn't pleased. So it filed a protest with the Florida Department of Highway Safety and Motor Vehicles. Autonomous policy will strengthen regulators http://www.autonews.com/article/20160925/OEM06/309269991/autonomous-policy-will-strengthen-regulators Sun, 25 Sep 2016 00:01:00 EST For the first time, the auto industry has a clear path ahead of it for the development and deployment of self-driving cars. But federal regulators will be right with them, just one lane over. Austrian trio aims to help BMW, VW, others tackle Tesla http://europe.autonews.com/article/20160924/ANE/160929929/austrian-trio-aims-to-help-bmw-vw-others-tackle-tesla Sat, 24 Sep 2016 00:01:00 EST Auto executives from BMW, VW and McLaren are seeking advice from three Austrian brothers who are designing electric cars they say can go faster and further than anything made by Tesla. Cadillac offering buyouts to 400 smaller U.S. dealers http://www.autonews.com/article/20160923/RETAIL/160929906/cadillac-offering-buyouts-to-400-smaller-u-s-dealers Fri, 23 Sep 2016 11:00:00 EST Cadillac is offering its 400 smallest U.S. dealers as much as $180,000 if they would rather give up their franchise than make the investment necessary to meet a host of new standards being imposed by the brand. Eric Peterson, GM's diversity VP, will retire Oct. 1 http://www.autonews.com/article/20160923/OEM02/160929897/eric-peterson-gms-diversity-vp-will-retire-oct-1 Fri, 23 Sep 2016 16:09:43 EST Eric Peterson, General Motors' vice president of U.S. diversity dealer relations, will retire effective Oct. 1. A successor for the 40-year GM veteran has not been named, a GM spokesman said. Kia sees new Rio as its potential No. 1-seller in Europe http://europe.autonews.com/article/20160923/ANE/160929990/kia-sees-new-rio-as-its-potential-no-1-seller-in-europe Fri, 23 Sep 2016 00:01:00 EST Kia expects its new Rio subcompact hatchback to become one of its best-selling models in Europe after it goes on sale next year. Nissan returns to Japan's most exclusive address http://www.autonews.com/article/20160923/RETAIL03/160929901/nissan-returns-to-japans-most-exclusive-address Fri, 23 Sep 2016 13:36:45 EST Nissan's flagship showroom has returned to Japan's most exclusive, priciest address -- Tokyo's glitzy Ginza district, flush with department stores and geisha clubs. AvtoVAZ's new CEO takes softer line on job cuts http://europe.autonews.com/article/20160923/ANE/160929911/avtovazs-new-ceo-takes-softer-line-on-job-cuts Fri, 23 Sep 2016 09:14:03 EST AvtoVAZ has a civic responsibility to preserve Russian jobs, the company's new CEO, Nicolas Maure, told Reuters, rowing back on a politically sensitive policy of redundancies in the face of plummeting sales and record losses. Toyota's Japan ad agency Dentsu to repay advertising overcharges http://www.autonews.com/article/20160923/RETAIL03/160929912/toyotas-japan-ad-agency-dentsu-to-repay-advertising-overcharges Fri, 23 Sep 2016 08:52:40 EST Ad agency Dentsu will pay an estimated 230 million yen ($2.3 million) back to customers, including Toyota, that it overcharged for Internet advertisements in a case likely to stoke concern that digital media transactions have lacked transparency. Honda projects declining U.S. auto sales to 'good industry' pace http://www.autonews.com/article/20160923/RETAIL01/160929913/honda-projects-declining-u-s-auto-sales-to-good-industry-pace Fri, 23 Sep 2016 08:39:33 EST Auto sales in the U.S. may not set a record this year and will probably decline from 2015's record in the coming years, said Honda's top American sales executive. Tesla cranks up pressure to end ban on direct auto sales http://www.autonews.com/article/20160923/RETAIL/160929914/tesla-cranks-up-pressure-to-end-ban-on-direct-auto-sales Fri, 23 Sep 2016 08:17:04 EST Tesla Motors is cranking up the pressure to sell electric cars directly to customers, after filing its first federal lawsuit over the practice on the home turf of General Motors and Ford. Audi, BMW, Jaguar give midsize premium segment a lift http://europe.autonews.com/article/20160923/ANE/160929960/audi-bmw-jaguar-give-midsize-premium-segment-a-lift Fri, 23 Sep 2016 00:01:00 EST Europe's midsize premium segment grew at a near double-digit pace in the first half on new models from Audi, Jaguar and BMW. The sector is likely to remain hot for years to come, according to a top analyst. Volvo names new electrics, electronics boss http://europe.autonews.com/article/20160923/ANE/160929986/volvo-names-new-electrics-electronics-boss Fri, 23 Sep 2016 00:01:00 EST Volvo has appointed Oedgaerd Andersson as its head of electrics, electronics and chassis as the automaker embarks on ambitious plans to add self-driving and full-electric vehicles to its lineup. Tesla sues Michigan in U.S. court over direct sales ban http://www.autonews.com/article/20160922/OEM05/160929927/tesla-sues-michigan-in-u-s-court-over-direct-sales-ban Thu, 22 Sep 2016 11:22:49 EST Tesla Motors is suing the State of Michigan in federal court over its law banning the direct sales of vehicles to consumers. Toyota says ad agency Dentsu disclosed 'irregularities' around transactions in Japan http://www.autonews.com/article/20160922/RETAIL03/160929926/toyota-says-ad-agency-dentsu-disclosed-irregularities-around Thu, 22 Sep 2016 12:05:05 EST Toyota says its longtime advertising partner, Japanese agency giant Dentsu, has informed it of "irregularities" related to some digital media business transactions. GOP lawmakers challenge CAFE standard http://www.autonews.com/article/20160921/OEM11/160929935/gop-lawmakers-challenge-cafe-standard Wed, 21 Sep 2016 22:12:03 EST Republican lawmakers pushed back against the Obama administration's signature plan to boost the average new vehicle's fuel economy to more than 50 mpg by 2025, with a Texas congressman saying the plan should be repealed. Fuel-economy rules threaten 1 million-plus U.S. jobs, study says http://www.autonews.com/article/20160921/OEM11/160929939/fuel-economy-rules-threaten-1-million-plus-u-s-jobs-study-says Wed, 21 Sep 2016 16:14:10 EST More than 1.1 million U.S. workers would lose their jobs because of tougher fuel-economy regulations coming next decade if prices at the gasoline pump remain low in America, a new study found. CarMax quarterly earnings fall 5.7% http://www.autonews.com/article/20160921/RETAIL04/160929943/carmax-quarterly-earnings-fall-5-7 Wed, 21 Sep 2016 14:27:52 EST CarMax's quarterly earnings dropped 5.7 percent, as customer demand leaned toward older, less expensive used vehicles, the retailer said. It also said a test to deliver used vehicles to customers' homes rolled into Charlotte, N.C. Millennials want cars -- and low payments http://www.autonews.com/article/20160921/FINANCE_AND_INSURANCE/160929984/millennials-want-cars-and-low-payments Wed, 21 Sep 2016 11:00:00 EST Industry experts have confirmed multiple times that millennials are major players in the auto finance market, debunking the notion that they don't buy cars.