Automotive News Retail News Feed http://www.autonews.com News, blogs and commentary from the leader in North American automotive news en-us Fri, 16 Nov 2018 06:00:00 EST Tesla launches vehicle reservations in China http://www.autonews.com/article/20181116/OEM05/181119777/tesla-china-retail-sales Fri, 16 Nov 2018 12:25:34 EST Tesla has started taking orders for its Model 3 sedan in China for a deposit of 8,000 yuan ($1,153), according to the electric carmaker's China website. Why Toyota is slowing down Camry production http://www.autonews.com/article/20181116/OEM01/181119793/toyota-camry-production-cut-kentucky Fri, 16 Nov 2018 08:26:54 EST Toyota is slowing down production of the Camry, the top-selling car in the U.S. for 16 years running, underscoring the ongoing slump besetting sedans. Polestar targets China despite Tesla competition http://europe.autonews.com/article/20181116/ANE/181119794/polestar-targets-china-despite-tesla-competition Fri, 16 Nov 2018 07:40:01 EST Volvo's performance subbrand Polestar expects to get as much as half of its sales from China, but is not underestimating the stiff competition it faces from Tesla in the world's biggest auto market. Why Elon Musk is tweeting about more trucks at Tesla http://www.autonews.com/article/20181115/OEM05/181119819/elon-musk-telsa-trucking-deliveries Thu, 15 Nov 2018 15:58:22 EST Elon Musk is apparently charting his way out of what he's referred to as 'delivery logistics hell' by making acquisitions and lining up more contracts with car haulers. WLTP testing hits VW Fiat Chrysler sale sin Europe http://www.autonews.com/article/20181115/COPY01/311159957/acea-sales-europe-october Thu, 15 Nov 2018 04:31:16 EST VW Group, Fiat Chrysler and Renault were among the biggest losers last month as Europe car sales fell 7 percent following the introduction of a new testing regime in September. Renault recruits consumer goods veteran as global marketing chief http://europe.autonews.com/article/20181115/ANE/181119855/renault-recruits-consumer-goods-veteran-as-global-marketing-chief Thu, 15 Nov 2018 05:39:14 EST Renault has appointed former Unilever executive Francois Renard as global marketing director, replacing Thierry Koskas, who will become president of Renault Sport Racing. Aston Martin's quarterly profits leap tenfold as sales double http://europe.autonews.com/article/20181115/ANE/181119856/aston-martins-quarterly-profits-leap-tenfold-as-sales-double Thu, 15 Nov 2018 05:12:54 EST Aston Martin's quarterly profit before tax rose tenfold increase as the newly listed automaker continues a growth plan which saw its sales volumes double in the three-month period. WLTP testing hits VW Fiat Chrysler sale sin Europe http://europe.autonews.com/article/20181115/ANE/181119858/acea-sales-europe-october Thu, 15 Nov 2018 04:31:16 EST VW Group, Fiat Chrysler and Renault were among the biggest losers last month as Europe car sales fell 7 percent following the introduction of a new testing regime in September. Walmart partners with Ford on autonomous vehicles http://www.autonews.com/article/20181114/MOBILITY/181119900/walmart-ford-autonomous-delivery-retail Wed, 14 Nov 2018 06:00:00 EST Ford and Walmart have started a joint pilot to explore how the companies can use self-driving vehicles to deliver groceries and other consumer goods. Walmart partners with Ford on autonomous vehicles http://europe.autonews.com/article/20181114/COPY/311149918/walmart-ford-autonomous-delivery-retail Wed, 14 Nov 2018 06:00:00 EST Ford and Walmart have started a joint pilot to explore how the companies can use self-driving vehicles to deliver groceries and other consumer goods. Audi's Brazil chief criticizes country's closed market http://europe.autonews.com/article/20181114/ANE/181119887/audis-brazil-chief-criticizes-countrys-closed-market Wed, 14 Nov 2018 08:41:21 EST Mexico is a "marvelous place to make vehicles" with bilateral accords with almost the entire world, while Brazil is a closed market that should be opened to avoid collapse in the future, said Audi's Brazil chief, Johannes Roscheck. Car buyers like texting with their dealerships, study shows http://www.autonews.com/article/20181114/RETAIL/181119868/sales-satisfaction-study-jd-power Wed, 14 Nov 2018 16:24:31 EST Porsche tops the luxury segment, while the Mini brand ranked highest in the mass-market segment in J.D. Power's latest sales satisfaction study. Karma partners with online car-shopping platform http://www.autonews.com/article/20181114/RETAIL/181119879/karma-partners-with-online-car-shopping-platform Wed, 14 Nov 2018 11:52:03 EST Karma Automotive, formerly Fisker Automotive, has partnered with Drive Motors, an online car-shopping and financing platform, in an effort to expand its scope despite its small dealership count. France boosts incentives for low-income motorists http://europe.autonews.com/article/20181114/ANE/181119894/france-incentives-sales Wed, 14 Nov 2018 04:49:56 EST The French government will double the 2,000-euro bonus granted to motorists on low incomes who change old-model cars for newer ones. BMW may sell U.S. credit-card business, report says http://www.autonews.com/article/20181113/COPY01/311139971/bmw-may-sell-u-s-credit-card-business-report-says Tue, 13 Nov 2018 05:05:46 EST BMW is one of the last major consumer companies to still own and manage its card portfolio. The automaker has held talks with banks about selling its credit-card portfolio, sources told Bloomberg. Chinese automaker Zotye begins recruiting U.S. dealers, plans to sell budget crossover http://www.autonews.com/article/20181113/RETAIL07/181119916/chinese-automaker-zotye-begins-recruiting-u-s-dealers-plans-to-sell Tue, 13 Nov 2018 10:15:00 EST China's Zotye Automobile International has begun recruiting U.S. dealers and has charged two import-industry veterans with the task of bringing a budget crossover to America in 2020. China's Zotye plans to begin U.S. sales with budget SUV http://europe.autonews.com/article/20181113/COPY/311139913/chinas-zotye-plans-to-begin-u-s-sales-with-budget-suv Tue, 13 Nov 2018 09:59:59 EST China's Zotye has begun recruiting U.S. dealers and aims to bring a budget crossover to America in 2020. BMW may sell credit car business http://europe.autonews.com/article/20181113/ANE/181119924/automotive-credit-bmw Tue, 13 Nov 2018 05:05:46 EST BMW is one of the last major consumer companies to still own and manage its card portfolio. The automaker has held talks with banks about selling its credit card portfolio, sources told Bloomberg. Spain may join UK, France banning petrol, gasoline cars to combat climate change http://europe.autonews.com/article/20181113/ANE/181119913/climate-change-diesel-car-ban-spain Tue, 13 Nov 2018 10:41:43 EST Spain is considering a ban on sales of diesel and gasoline cars beginning in 2040 to counter climate change. Toyota exec touts ethanol hybrids, laments Brazil economy http://europe.autonews.com/article/20181113/COPY/311139914/toyota-brazil-hybrid-sales-retail Tue, 13 Nov 2018 10:36:38 EST Toyota's new ethanol hybrid vehicle being developed in Brazil is exceeding all the manufacturer's expectations, a top executive said. AutoNews Now: China's Zotye plans U.S. sales, franchises http://www.autonews.com/article/20181113/VIDEO/311139999/autonews-now-chinas-zotye-plans-u-s-sales-franchises Tue, 13 Nov 2018 15:15:00 EST Chinese automaker Zotye's U.S. sales plan: Budget CUVs, flexible facilities; JCI selling battery unit; Ford 'Baby Bronco' spied; Toyota rewards a hero; Remembering Stan Lee. Toyota exec touts ethanol hybrids, laments Brazil economy http://www.autonews.com/article/20181113/OEM05/181119914/toyota-brazil-hybrid-sales-retail Tue, 13 Nov 2018 10:36:38 EST Toyota's new ethanol hybrid vehicle being developed in Brazil is exceeding all the manufacturer's expectations, a top executive said. First Shift: Waymo to offer driverless paid rides - report http://www.autonews.com/article/20181113/VIDEO/311139998/first-shift-waymo-to-offer-driverless-paid-rides-report Tue, 13 Nov 2018 08:00:00 EST Waymo to offer driverless paid rides - report; Progress on import probe?; New boss for Maserati N.A.; CPO sales on rise; 192 days' worth of Fiats; Shaggy, Sting and the Spider. Fuel availability fears hold back electric sales http://www.autonews.com/article/20181112/OEM01/181119984/hydrogen-battery-gasoline-letter-editor Mon, 12 Nov 2018 00:01:00 EST Fuel cells must play catch-up to battery-electrics and both need to address fuel availability concerns before they will complete with gasoline. Disruptive innovations should be targeted to 'nonconsumers' http://www.autonews.com/article/20181112/MOBILITY/181119999/nonconsumer-disruptive-innovation-chandrasekar-iyer Mon, 12 Nov 2018 00:01:00 EST The primary target for companies looking to establish a disruptive foothold in a market should be people who aren't yet customers of a product or service. A self-fulfilling prophecy http://www.autonews.com/article/20181112/RETAIL03/181119989/keith-crain-economy-sales-commentary Mon, 12 Nov 2018 00:01:00 EST The economy may be delicate, but there's no reason strong automotive sales won't continue for the next few years. Maserati recruits new sales chief from Ferrari http://europe.autonews.com/article/20181112/COPY/311129937/maserati-north-america-executive-gardner Mon, 12 Nov 2018 21:15:43 EST Maserati has shaken up its leadership team, recruiting a sales chief from Ferrari and appointing a new head in North America. FCA picks Gardner to lead Maserati in North America http://www.autonews.com/article/20181112/OEM02/181119928/maserati-north-america-executive-gardner Mon, 12 Nov 2018 21:15:43 EST Al Gardner, the head of FCA's dealer network in North America, will steer Maserati in the region. Gardner, 54, will report to Jean-Philippe Leloup, who joins Maserati from Ferrari. Internal combustion engine keeps improving as EV hype grows http://www.autonews.com/article/20181112/OEM06/181119968/ev-electric-gasoline-engine-technology Mon, 12 Nov 2018 00:01:00 EST This may be the dawn of the electric vehicle era, but 2018 has been a phenomenal year for the humble internal combustion engine. Volvo's 'Care' subscription service coping with its success http://www.autonews.com/article/20181112/RETAIL/181119952/volvo-care-subscription Mon, 12 Nov 2018 00:01:00 EST Volvo's early success with its car subscription plan has put the company in an enviable position as automakers tinker with business models that don't revolve around traditional car ownership. Data helps solve pre-owned sales puzzle http://www.autonews.com/article/20181112/RETAIL04/181119976/data-pre-owned-retail Mon, 12 Nov 2018 00:01:00 EST Margin compression in the used-vehicle market has made knowing the intricacies of data more important than ever for dealers. BMW, Daimler profit warnings hit shareholder value http://europe.autonews.com/article/20181112/ANE/181109836/bmw-daimler-profit-warnings-hit-shareholder-value Mon, 12 Nov 2018 00:01:00 EST Uncertainty over international trading conditions, profit warnings from two leading German automakers and the death of a CEO all contributed to declines seen in the latest Automotive News Europe/PricewaterhouseCoopers Transaction Services... Swiss dealer group Emil Frey rises to No. 1 on big deal with VW Group http://europe.autonews.com/article/20181112/ANE/181109834/swiss-dealer-group-emil-frey-rises-to-no-1-on-big-deal-with-vw-group Mon, 12 Nov 2018 00:01:00 EST Switzerland's Emil Frey is now Europe's biggest dealer group based on revenue after its purchase of 275 sites from the Volkswagen Group. Russia sales rise 8% in Oct. as Mitsubishi, Skoda, VW lead gains http://europe.autonews.com/article/20181112/ANE/181109756/russia-sales-rise-8-in-oct-as-mitsubishi-skoda-vw-lead-gains Mon, 12 Nov 2018 00:01:00 EST New-car sales in Russia rose 8 percent in October, with Mitsubishi, Skoda, and VW leading gains among the market's major brands. Survey shows dealers more focused on used-car sales http://www.autonews.com/article/20181112/RETAIL04/181119973/survey-dealers-used-cars Mon, 12 Nov 2018 00:01:00 EST A Cars.com survey found a majority of dealers are putting more focus on their used-car departments. Findlay Honda creates comfort zone for customers http://www.autonews.com/article/20181112/RETAIL01/181119997/findlay-honda-finance-insurance-customers Mon, 12 Nov 2018 00:01:00 EST Finance directors have different ways of approaching customer interviews. Relying on the sales team works for some, while others want more independence. NAAA boosts effort to recruit more technicians for auto auction industry http://www.autonews.com/article/20181112/RETAIL01/181119954/naaa-auto-auction-technicians Mon, 12 Nov 2018 00:01:00 EST The National Auto Auction Association is spending $125,000 on two initiatives to help members find and hire more technicians. Export scams and schemes create enforcement morass http://www.autonews.com/article/20181112/LEGALFILE/181119953/export-scam-port-fraud-chargebacks Mon, 12 Nov 2018 00:01:00 EST The challenge for law enforcement is separating legitimate shipments from illegal ones in the murky area between criminal fraud and breach of private contracts. Carvana expansion not impeded by wider losses http://www.autonews.com/article/20181112/RETAIL04/181119966/carvana-loss-expansion-tesla-dealership-world Mon, 12 Nov 2018 00:01:00 EST Carvana Co.'s aggressive growth shows no sign of slowing: The online used-car retailer continues to charge into new markets on the strength of investor backing and improving vehicle sales and gross profit. Net profit, however, remains elusive. Horizonwatch http://www.autonews.com/article/20181112/OEM01/181119979/horizonwatch-nevada-supply-chain Mon, 12 Nov 2018 00:01:00 EST In remote northern Nevada, an automotive supply chain hot spot emerges. Morrie's stellar used-to-new ratio offers lessons for used-car success http://www.autonews.com/article/20181112/RETAIL04/181119972/used-new-vehicles-morries Mon, 12 Nov 2018 00:01:00 EST Morrie's Automotive Group dealerships sell significantly more used cars than new cars by mining for critical data and going outside the norm in their approach to selling used vehicles. Pre-owned vehicles drive sales, service, FandI http://www.autonews.com/article/20181112/RETAIL04/181119977/pre-owned-vehicles-sales-service Mon, 12 Nov 2018 00:01:00 EST As new-vehicle sales slow and margins continue to tighten, the used-car department may be the center of the dealership's "wheel of fortune." New vehicle inventories make sharp jump in October http://www.autonews.com/article/20181112/RETAIL01/181119992/united-states-new-car-inventory Mon, 12 Nov 2018 00:01:00 EST U.S. new-vehicle inventories rose sharply last month, reaching the highest level for the start of November since 2014. Carter Myers Automotive prioritizes female service advisers http://www.autonews.com/article/20181112/RETAIL/181119990/carter-myers-automotive-female-service Mon, 12 Nov 2018 00:01:00 EST At Carter Myers Automotive, 18 of 40 service advisers #8212; 45 percent #8212; are women. That puts the retailer well beyond its peers, and the dealership group is reaping benefits in parts-and-service sales and customer outreach. Mercedes returns to roster of Super Bowl advertisers http://www.autonews.com/article/20181111/RETAIL03/181119948/mercedes-returns-to-roster-of-super-bowl-advertisers Sun, 11 Nov 2018 08:19:56 EST Mercedes-Benz #8212; whose name adorns the Atlanta stadium where Super Bowl LIII will be played #8212; is returning to the game as an advertiser after sitting out the NFL's championship showdown in 2018. GM's Maven ponders lawnmowers, UFOs as it seeks to diversify beyond cars and trucks http://www.autonews.com/article/20181111/MOBILITY/181119958/gm-maven-lawnmower-ufo-car-sharing-p2p Sun, 11 Nov 2018 00:01:00 EST Maven's current "car sharing marketplace" is the first product in a potential line of shared products for the emerging consumer platform. Dealers want sales and data skills in used-car managers http://www.autonews.com/article/20181110/RETAIL04/181119975/dealers-used-car-managers-data-science Sat, 10 Nov 2018 00:01:00 EST Data is increasingly king in used-car sales, but there is still a place for auction-hardened experience, dealers say. Hyundai sharpens social media tools to target buyers for 2018 Sonata http://www.autonews.com/article/20181110/RETAIL01/181119991/hyundai-sonata-eyeview-target-marketing Sat, 10 Nov 2018 00:01:00 EST For a video campaign to promote the 2018 Sonata, Hyundai couldn't go in with a goal of reaching broad groups like millennials. It had to go hunting specifically for in-market sedan buyers, a pool that becomes shallower by the year. VW said to plan Tesla rival for less than $23,000, may share van production with Ford http://europe.autonews.com/article/20181109/ANE/181109760/vw-said-to-plan-tesla-rival-for-less-than-23000-may-share-van Fri, 9 Nov 2018 03:47:43 EST VW intends to protect German jobs by converting three factories to make Tesla rivals and may transfer van production to a Ford factory in Turkey, Reuters reported. CarGurus shares customer shopping data with other vendors http://www.autonews.com/article/20181109/RETAIL07/181109751/cargurus-shares-customer-shopping-data-with-other-vendors Fri, 9 Nov 2018 11:59:20 EST CarGurus, an online automotive marketplace for consumers, is now allowing third-party vendors access to data about how customers are using the shopping platform. Opel LCV chief Stoever expects big boost from move to PSA's platforms http://europe.autonews.com/article/20181109/ANE/181109878/opel-lcv-chief-stoever-expects-big-boost-from-move-to-psas-platforms Fri, 9 Nov 2018 00:01:00 EST Light commercial vehicles are playing a bigger role at Opel/Vauxhall under PSA ownership and Tobias Stoever, Opel's senior manager for LCVs, expects a move to the French automaker's platforms will give Opel a "big boost," as he explained to... Brazil approves tax breaks for Ford, Fiat, other automakers http://www.autonews.com/article/20181108/OEM/181109764/brazil-approves-tax-breaks-for-ford-fiat-other-automakers Thu, 8 Nov 2018 18:01:29 EST Brazilian President Michel Temer signed into law hundreds of millions of dollars in incentives for automakers such as GM and Volkswagen to produce locally and continue developing engines that run on both gasoline and ethanol. KAR reports 23% rise in net income http://www.autonews.com/article/20181108/RETAIL07/181109776/kar-reports-23-rise-in-net-income Thu, 8 Nov 2018 10:25:33 EST The auction services and technology company's core businesses helped offset continued costs associated with its rollout of TradeRev. Carvana's triple-digit growth continues, but still no profit http://www.autonews.com/article/20181108/RETAIL07/181109778/carvana-third-quarter-earnings-no-profits Thu, 8 Nov 2018 09:39:56 EST Carvana reported triple-digit growth in volume and revenue in the third quarter, but profits remain elusive as the online used-vehicle seller continues expanding its relatively low-overhead model. China car sales drop for fifth straight month http://www.autonews.com/article/20181108/GLOBAL03/181109783/china-car-sales-drop-for-fifth-straight-month Thu, 8 Nov 2018 07:18:00 EST Car sales in China declined for a fifth consecutive month, bringing the world's largest market closer to its first annual drop in at least two decades and piling pressure on automakers. Nissan earnings fall 21% as U.S. turnaround slows http://www.autonews.com/article/20181108/COPY01/311089959/nissan-earnings-fall-21-as-u-s-turnaround-slows Thu, 8 Nov 2018 05:00:38 EST Nissan said its push to improve profitability in the U.S. is taking more time and money than expected. The automaker's North American profit climbed 13 percent but fell 21 percent globally. Daimler, BMW get EU approval for car-sharing deal http://europe.autonews.com/article/20181108/ANE/181109792/daimler-bmw-get-eu-approval-for-car-sharing-deal Thu, 8 Nov 2018 03:52:07 EST Daimler and BMW won approval from the EU's competition authority to combine their car-sharing businesses to better compete with U.S. rival Uber and China's Didi Chuxing. Toyota, Fiat Chrysler will sell same car to game Beijing emissions rules http://europe.autonews.com/article/20181108/ANE/181109830/toyota-fiat-chrysler-will-sell-same-car-to-game-beijing-emissions Thu, 8 Nov 2018 00:01:00 EST China's push for greener vehicles is prompting Toyota, Fiat Chrysler, Honda and Mitsubishi to sell the same vehicle based on the Guangzhou GS4 crossover. Toyota Europe shifts focus to hot SUV segment http://europe.autonews.com/article/20181108/ANE/181109865/toyota-europe-shifts-focus-to-hot-suv-segment Thu, 8 Nov 2018 00:01:00 EST Toyota's European sales are growing fast after a diesel backlash helped to increase demand for its hybrids. Nissan earnings fall 21% as U.S. turnaround stalls http://europe.autonews.com/article/20181108/ANE/181109790/nissan-earnings-fall-21-as-u-s-turnaround-stalls Thu, 8 Nov 2018 05:00:38 EST Nissan said its push to improve profitability in the U.S. is taking more time and money than expected. The automaker's North American profit climbed 13 percent but fell 21 percent globally. CDK Global names former Intel chief Brian Krzanich as CEO http://www.autonews.com/article/20181107/RETAIL07/181109826/cdk-intel-ceo-executive-management Wed, 7 Nov 2018 09:34:47 EST Dealership software giant CDK Global said it hired former Intel boss Brian Krzanich to take over as CEO. Krzanich, 58, replaces Brian MacDonald, CDK's CEO since 2016. The move is effective immediately. AutoNews Now: Democrat-led House expected to focus on EVs http://www.autonews.com/article/20181107/VIDEO/311079999/autonews-now-democrat-led-house-expected-to-focus-on-evs Wed, 7 Nov 2018 15:00:00 EST Midterm elections: Democrats expected to focus on EVs; Hope for AV legislation?; Dealer winners; Jail for ex-FCA officials; CDK names ex-Intel boss CEO; Why are car renters smiling? Lenders, dealers plant foot in future with online used-vehicle retailers http://www.autonews.com/article/20181107/BLOG13/181109823/lenders-dealers-plant-foot-in-future-with-online-used-vehicle Wed, 7 Nov 2018 10:45:00 EST Industry leaders are making their bets on the used-vehicle space. How Hyundai Motor, once a rising star, lost its shine http://www.autonews.com/article/20181107/RETAIL/181109803/hyundai-china-us-chung-design Wed, 7 Nov 2018 14:09:02 EST Hyundai ran into problems in China and the U.S. for similar reasons: It missed shifts in consumer tastes, especially the surge in demand for SUVs, and it sought higher prices than it could command. Rental-car satisfaction at record levels thanks to apps, J.D. Power finds http://www.autonews.com/article/20181107/RETAIL04/181109827/rental-car-jd-power Wed, 7 Nov 2018 09:12:04 EST When it comes to the travel trio of airports, airlines and rental cars, the third member of the trio is the clear consumer favorite these days, according to a customer survey by J.D. Power. BMW Q3 profit falls 27% amid U.S.-China trade tensions http://www.autonews.com/article/20181107/COPY01/311079970/bmw-q3-profit-falls-27-amid-u-s-china-trade-tensions Wed, 7 Nov 2018 03:25:20 EST BMW reported a 27 percent drop in third-quarter operating profit to $2 billion amid currency headwinds, trade tensions and higher randd expenses. Toyota tightens grip as Europe's No. 1 Asian brand despite Nissan, Hyundai challenges http://europe.autonews.com/article/20181107/ANE/181109864/toyota-tightens-grip-as-europes-no-1-asian-brand-despite-nissan Wed, 7 Nov 2018 00:01:00 EST Overtaking Toyota to become Europe's top-selling Asian automaker has long been the aim of Nissan and Hyundai. But Toyota's success selling hybrids is making the goal tougher. BMW Q3 profit falls 27% amid U.S.-China trade tensions, Europe price war http://europe.autonews.com/article/20181107/ANE/181109837/bmw-q3-profit-falls-27-amid-u-s-china-trade-tensions-europe-price-war Wed, 7 Nov 2018 03:25:20 EST BMW reported a 27 percent drop in third-quarter operating profit to $2 billion amid currency headwinds, trade tensions and higher research and development expenses. Toyota takes 'hard look' at trimming U.S. lineup as profits rise http://www.autonews.com/article/20181106/COPY01/311069977/toyota-takes-hard-look-at-trimming-u-s-lineup-as-profits-rise Tue, 6 Nov 2018 03:25:20 EST Toyota, battling plateauing demand in its biggest market, is reviewing its entire U.S. lineup and could dump nameplates or models that are falling out of favor. Forecast for W. Europe 2018 sales cut on new emissions rules http://europe.autonews.com/article/20181106/ANE/181109866/forecast-for-w-europe-2018-sales-cut-on-new-emissions-rules Tue, 6 Nov 2018 04:35:53 EST LMC consulting firm cut its forecast for full-year registrations in western Europe as the implementation of a tighter emissions regime continued to weigh on sales. Italy sales down 7%; diesel plunges 27 percent http://europe.autonews.com/article/20181106/ANE/181109870/italy-sales-down-7-diesel-plunges-27-percent Tue, 6 Nov 2018 00:01:00 EST Diesel's market share in Italy fell to 44 percent #8212; the lowest since March 2010 #8212; from 47.9 percent in September and 55.5 percent in October 2017. Toyota quarterly profit rises 11%, helped by Europe gains http://europe.autonews.com/article/20181106/ANE/181109867/toyota-quarterly-profit-rises-11-helped-by-europe-gains Tue, 6 Nov 2018 03:25:20 EST Bigger profits and more vehicle sales in Europe helped to boost Toyota's operating profit by 11 percent in the latest quarter. U.S. OCTOBER 2018 AUTO SALES: 5 highlights http://www.autonews.com/article/20181105/RETAIL01/181109892/5-highlights-from-october-u-s-auto-sales Mon, 5 Nov 2018 00:01:00 EST U.S. auto sales edged up in October, which was not what analysts had expected. Here are five highlights from the month. Ferrari Q3 results hit as sales mix favors 'entry-level' cars http://europe.autonews.com/article/20181105/ANE/181109880/ferrari-q3-results-hit-as-sales-mix-favors-entry-level-cars Mon, 5 Nov 2018 07:47:35 EST Ferrari's sales mix leaned towards its "entry-level" Portofino supercar in the third quarter rather than its high-margin limited-edition models, weighing on the company's earnings. Ferrari quarterly earnings rise 5%, boosted by V-8 sales http://www.autonews.com/article/20181105/COPY01/311059959/ferrari-quarterly-earnings-rise-5-boosted-by-v-8-sales Mon, 5 Nov 2018 07:47:35 EST Ferrari third-quarter earnings rose nearly 5 percent, helped by positive performance from across its markets and strong sales of its V-8 models. German sales fall 7% but WLTP slide slows http://europe.autonews.com/article/20181105/ANE/181109927/german-sales-fall-7-but-wltp-slide-slows Mon, 5 Nov 2018 00:01:00 EST German registrations fell at a slower pace in October as Europe's biggest market stabilized following disruption caused by the introduction of new emissions rules. Subaru slumps to quarterly loss amid spiraling quality costs, recalls http://www.autonews.com/article/20181105/COPY01/311059977/subaru-slumps-to-quarterly-loss-amid-spiraling-quality-costs-recalls Mon, 5 Nov 2018 03:42:52 EST Subaru tumbled into the red in the latest quarter amid spiraling costs for a series of recalls in Japan and other quality issues stemming from faulty vehicle inspections. UK sales drop 3% on continued diesel uncertainty http://europe.autonews.com/article/20181105/ANE/181109883/uk-sales-drop-3-on-continued-diesel-uncertainty Mon, 5 Nov 2018 05:18:00 EST UK registrations fell 3 percent in October on the uncertainty of future diesel policy and issues surrounding a new emissions testing regime. Subaru slumps to quarterly loss amid spiraling quality costs, recalls http://europe.autonews.com/article/20181105/ANE/181109884/subaru-slumps-to-quarterly-loss-amid-spiraling-quality-costs-recalls Mon, 5 Nov 2018 03:42:52 EST Subaru tumbled into the red in the latest quarter amid spiraling costs for a series of recalls in Japan and other quality issues stemming from faulty vehicle inspections. AutoNation's Mike Jackson says Vroom plans still up in the air http://www.autonews.com/article/20181105/RETAIL01/181109915/autonation-mike-jackson-vroom-investment Mon, 5 Nov 2018 00:01:00 EST AutoNation's $50 million investment in online used-vehicle retailer Vroom could someday lead to a strategic partnership. But for now, it's solely an investment. Penn. dealer launches auction for trade-ins http://www.autonews.com/article/20181105/RETAIL07/181109926/blaise-dealer-auction-trade-ins Mon, 5 Nov 2018 00:01:00 EST Blaise Alexander Family Dealerships opened its own weekly auction to wholesale its excess used cars and trade-ins, saving fees and earning extra revenue. Sales floor mistakes affect FandI compliance http://www.autonews.com/article/20181105/FINANCE_AND_INSURANCE/181109939/f-i-letter-editor-sales Mon, 5 Nov 2018 00:01:00 EST Sales floor mistakes can cause finance and insurance compliance issues. More to Tesla sales than innovation http://www.autonews.com/article/20181105/RETAIL01/181109940/tesla-design-sales-letter-editor Mon, 5 Nov 2018 00:01:00 EST Tesla's sales may have more to do with style than innovation. China's auto retailers and investors show growing interest in U.S. dealerships http://www.autonews.com/article/20181105/GLOBAL03/181109964/china-auto-retailers-investors-u-s-dealerships Mon, 5 Nov 2018 00:01:00 EST Chinese dealers and retail investment groups are testing the waters for U.S. operations Trade war slows Chinese automakers entry into U.S. retail market http://www.autonews.com/article/20181105/GLOBAL03/181109981/china-trade-tariff-retail-u-s Mon, 5 Nov 2018 00:01:00 EST Despite years of buzzing about when China's automakers would make it to the United States, the market is still waiting. Why would any automaker pass up an auto show? http://www.autonews.com/article/20181105/RETAIL/181109974/auto-show-cleveland-lou-vitantonio Mon, 5 Nov 2018 00:01:00 EST Consumers consider it entertainment #8212; and are willing to pay for the experience, which is essentially the start of the sales process. LCVs poised to gain from electric push, but costs, range remain risks http://europe.autonews.com/article/20181104/ANE/181029725/lcvs-poised-to-gain-from-electric-push-but-costs-range-remain-risks Sun, 4 Nov 2018 00:01:00 EST Automakers are expanding their lineups of electrified light commercial vehicles as lawmakers impose tougher emissions rules but established companies face competition from new players. Cadillac temporarily halting vehicle subscription service http://www.autonews.com/article/20181102/RETAIL/181109918/cadillac-suspends-vehicle-subscription-service Fri, 2 Nov 2018 14:35:26 EST Cadillac plans to temporarily halt its Book by Cadillac vehicle subscription service on Dec. 1 ahead of a planned relaunch of the program early next year. First Shift: Oct. U.S. sales winners, losers http://www.autonews.com/article/20181102/VIDEO/311029994/first-shift-oct-u-s-sales-winners-losers Fri, 2 Nov 2018 08:00:00 EST Oct. U.S. sales winners, losers; GM halts renovation projects to save money; Report: Ford plant on short list to make Defender-based vehicle; Mini's 'Tweet to Test Drive' promotion. Volvo sales rise 12% in October on strong Europe demand http://europe.autonews.com/article/20181102/ANE/181109934/volvo-sales-rise-12-in-october-on-strong-europe-demand Fri, 2 Nov 2018 07:38:35 EST Volvo registrations rose 12 percent in October, buoyed by strong demand in Europe, putting the automaker firmly on track for its fifth consecutive year of record sales.