Economy

KEITH CRAIN

It's as if the recession didn't happen

12:01 am U.S. ET | Dec. 22, 2014
Those of us with a vivid memory of the trauma of the recession and recovery are surprised, even amazed, that the auto industry is back to business as usual....
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Fiat Chrysler says it has no plan to move Ferrari's tax base from Italy

Dec. 11, 2014 16:07 CET
Fiat Chrysler Automobiles denied a report that it is considering moving the tax residence of its Ferrari supercar unit outside Italy. The possibility of the move to save on corporate taxes caused an outcry in its home country....
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Russian auto market decline slows in November

Dec. 8, 2014 14:31 CET
Russian car sales fell 1 percent in November compared with 10 percent the month before as a state scrappage program and a rush to buy cars ahead of price increases helped the country's troubled auto market....
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Stagnant wages are a drag on new-car sales

12:01 am U.S. ET | Dec. 8, 2014
One reason auto sales in the United States still aren't quite back to the 17 million-a-year pace seen during the boom years before the recession: Many consumers haven't gotten much of a raise since then....
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Russia will extend car purchase incentive plan

Dec. 3, 2014 10:29 CET
Russia will earmark 10 billion rubles (150 million euros) in 2015 to extend a scrappage program for new vehicle purchases. Russia car sales have been hit by a frail economy struggling under Western sanctions and a weakening ruble....
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Now that's what I call a comeback

12:01 am U.S. ET | Nov. 24, 2014
It's official. The comeback that has followed the bottoming out of auto sales in 2009 has some serious legs. In fact, it's the longest-lasting post-recession sales rebound in modern history....
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BEST PRACTICES

Cardinale group makeover flexes digital muscle

12:01 am U.S. ET | Nov. 24, 2014
In 2008, the recession was raging, and dealer Joe Cardinale decided to make some changes. He committed heavily to online sales and marketing, and parted ways with third-party lead providers, developed his own systems and software to manage his online presence. And he set stringent goals for his staff and held them accountable for results. It has worked wonders....
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VW will stop selling Seat cars in Russia next year

Nov. 18, 2014 15:36 CET
Volkswagen's Spanish subsidiary, Seat, will stop selling cars in Russia by early next year because of the country's economic downturn and weakening ruble....
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Weak ruble, gov't subsidy slow Russia's sales decline

Nov. 12, 2014 15:14 CET
Russian car sales fell 10 percent last month, slowing from a 20 percent drop a month earlier, as the weak ruble and a government subsidy started to provide benefits....
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VW will halt Russia output as sanctions, weak ruble hit demand

Nov. 3, 2014 13:52 CET
VW will halt production in Russia again as Western sanctions and the weak Russian ruble keep hurting auto demand. VW is shutting its factory in Kaluga for five working days through Nov. 7....
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Carmakers face uncertainly from EU's 2030 CO2 goals

Nov. 1, 2014 06:01 CET
The EU's new 2030 climate and energy targets create uncertainty for automakers because they let member states decide whether to include transport pollution in the EU's carbon emissions trading system....
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China's auto market growth may halve to 7% this year

Oct. 31, 2014 06:15 CET
Growth in China's auto market is forecast to halve to 7 percent this year, an industry body said, citing a slowing economy which weakened further in the third quarter....
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BMW, others bet on Brazil but benefits trail Mexico

Oct. 30, 2014 16:18 CET
BMW is among a group of carmakers investing in Brazil as a growing middle class fuels a surge in car sales, but high costs, poor infrastructure and few trade agreements mean Brazil can't compete with rival Mexico....
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Fiat Chrysler's growth plans clouded by Brazilian outlook

Oct. 29, 2014 11:52 CET
Fiat Chrysler aims to boost sales in Latin America by 44 percent over five years but a recent big drop in volume and weakening outlook in Brazil, the region's biggest economy, threaten to spoil its ambitions....
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Russia may extend car-buying subsidy scheme into 2015

Oct. 25, 2014 06:01 CET
Russia may extend an incentive scheme for new-vehicle purchases beyond this year to help the car industry weather an economic downturn which has caused sales to plummet 13 percent so far this year....
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BILL LIA: Keep stores modern

12:01 am U.S. ET | Oct. 20, 2014
"People keep asking us for our store designs," says Bill Lia, the 78-year-old CEO of Lia Auto Group in Albany, N.Y., which just finished building its 19th dealership. "We want to keep everything modern and up to date."...
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Timeline: Regrowing pains

12:01 am U.S. ET | Oct. 20, 2014
A look back at the events of August, September and October, 2009...
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FIVE YEARS LATER

GM's loss, Hyundai's gain

12:01 am U.S. ET | Oct. 20, 2014
Stores targeted for closure by one troubled brand were snapped up by a rising brand....
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EDITORIAL

A long, painful trip

12:01 am U.S. ET | Oct. 20, 2014
U.S. auto dealers have been on a difficult, painful journey for the past five years. But it has been a positive one -- at least in the aggregate. That qualifier is important....
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MIKE WOOD: How hard are you willing to work?

12:01 am U.S. ET | Oct. 20, 2014
Long hours and hard work in the past few years turned Mike Wood from a dealership manager into a dealer with four stores. The market has been loaded with acquisition opportunities, he says, provided the buyer is willing to put in the sweat and hustle....
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FIVE-YEAR LOOK BACK

Dealers pursued opportunities from the rubble of '09

12:01 am U.S. ET | Oct. 20, 2014
In the five years that have passed since the economic crash of 2009, the auto retailing sector has emerged from the ashes. The transition has been painful. There are fewer car dealers in 2014. Many have been pressed by automakers to invest in new stores. But what was a bitter industry shakeout for some in 2009 has led to better times in auto retailing in 2014 for others....
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Russian market in free fall as Ukraine crisis curbs demand

Oct. 9, 2014 11:53 CET
Russia's auto market is in free fall with new-car sales plunging by 20 percent last month following a 26 percent drop in August as buyers worried about the country's sanctions-hit economy avoid large purchases....
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SEPTEMBER U.S. AUTO SALES

GM, Nissan, Chrysler gains propel market to 9% increase

8:00 am U.S. ET | Oct. 1, 2014
U.S. light-vehicle sales -- paced by truck-fueled gains at GM, Chrysler Group and Nissan Group -- rose 9 percent in a September marked by sharp brand advances and a few steep declines. The industry-wide results were just below forecasts and cooler than the scorching rate of sales set in August. Still, they reflect a market coasting toward its fifth straight year of recovery following the 2007-09 recession. The SAAR has topped 16 million for 6 straight months....
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Ford to cut Fiesta output in Germany

Sept. 19, 2014 10:47 CET
Ford said it will cut production of its Fiesta subcompact at its plant in Cologne, Germany, in the fourth quarter because of slowing demand in some of the region's key markets....
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Russia car sales fall 26% in August as Ukraine crisis hits confidence

Sept. 8, 2014 15:05 CET
New-car sales in Russia fell by 26 percent in August after a 23 percent decline the previous month as Western sanctions over the conflict in Ukraine hit consumer confidence....
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Canadian dealer buries a Jeep, hires an ambassador and puts on the Ritz

Canadian dealer buries a Jeep, hires an ambassador and puts on the Ritz

At Bay King Chrysler, Dodge, Jeep, Ram in Hamilton, Ontario, dealer Jamie Richter has put luxury-hotel touches in his new showroom. They include concierges who see to the needs of service customers. Mon., December 15
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