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LUCA CIFERRI U.S. and Brazil bright spots for Fiat-Chrysler as Europe declines 12:01 am U.S. ET | May 21, 2013  Global April sales for Fiat-Chrysler show how much the Americas, especially the U.S. and Brazil, are supporting the automaker as deliveries in Europe fall.... Read More »
LUCA CIFERRI U.S. and Brazil bright spots for Fiat-Chrysler as Europe declines 12:01 am U.S. ET | May 21, 2013  Global April sales for Fiat-Chrysler show how much the Americas, especially the U.S. and Brazil, are supporting the automaker as deliveries in Europe fall.... Read More »
Volkswagen starts construction of 300,000-vehicle plant in ChinaMay 16, 2013 09:04 CET  Volkswagen has begun construction of a new factory in Changsha, China, with an annual capacity of 300,000 vehicles, the company said in a statement today. The plant is one of seven factories being built by the company as it seeks to expand annual capacity in China to 4 million vehicles by 2018 in order to meet growing demand.... Read More »
U.S. used-vehicle sales drop 6% in first quarter 4:04 pm U.S. ET | May 14, 2013 Industry-wide used-vehicle sales dropped 6 percent in the first quarter of 2013 compared to the same quarter last year, according to Edmunds.com's new Used Market Quarterly Report.... Read More »
Nissan Q4 profit jumps 46%May 10, 2013 10:54 CET  Nissan today reported a 46.1 percent rise in its quarterly net profit to 110 billion yen ($1.11 billion).... Read More »
China passenger-vehicle sales rise 13% in AprilMay 9, 2013 08:49 CET  China's passenger-vehicle sales rose 13 percent in April on rising demand for new models in the world's biggest vehicle market.... Read More »
GM China April sales rise 15% as Toyota struggles 6:19 am U.S. ET | May 6, 2013  General Motors reported sales growth in China accelerated last month while Toyota's sales continued to lag. GM sales climbed 15 percent to 261,870 units in April, according to figures released today by the carmaker. Toyota reported sales fell 6.5 percent to 76,400 units, the ninth drop in 10 months.... Read More »
Mercedes brand sales rise 12% in April on Asia, EuropeMay 6, 2013 13:17 CET  Daimler said vehicle sales of its Mercedes brand rose 11.7 percent last month, powered by double-digit gains in Asia and Europe.... Read More »
Tesla hikes guaranteed residual value on Model S 4:16 pm U.S. ET | May 3, 2013  Tesla increased the guaranteed residual value of its electric Model S sedan to 50 percent after its lease-to-own period of three years. The car's guaranteed residual value had been tied to that of the Mercedes-Benz S class, which, at 43 percent after 36 months, is relatively low compared with the overall luxury segment.... Read More »
Sales rebate helps to boost Spanish new-car salesMay 3, 2013 12:28 CET  Spanish car sales rose 11 percent in April, boosted by a calendar effect and a sales rebate program.... Read More »
German car market returns to growthMay 3, 2013 12:10 CET  Germany's new car market returned to modest growth in April as sales to private customers picked up and the month had one business day more than the year-earlier period.... Read More »
ADESA parent KAR's Q1 profit rose 12% to $29 million 10:09 am U.S. ET | May 2, 2013 KAR Auction Services, parent company of vehicle-auction company ADESA, said its first-quarter net income rose 12 percent to $29 million on a 10 percent increase in revenue, to $558 million.... Read More »
AutoNation's new-vehicle sales rose 10% in April 1:37 pm U.S. ET | May 2, 2013  Driven by a domestic-brand sales surge, AutoNation, the nation's largest dealership group, reported a 10 percent gain in new-vehicle sales in April.... Read More »
NICK BUNKLEY Lincoln shoots for a happier ending after troubled MKZ launch 4:30 pm U.S. ET | May 1, 2013  How far off track did the launch of the redesigned Lincoln MKZ get? The car, whose chassis bears the burden of a once-thriving luxury brand now trying to prove it's still relevant -- originally was supposed to start arriving at dealerships last fall, around the same time Steven Spielberg's movie Lincoln was hitting theaters around the country.... Read More »
Mercedes extends U.S. luxury lead over BMW in April 2:03 pm U.S. ET | May 1, 2013  Mercedes-Benz extended its lead over BMW in the U.S. luxury sales race, with a 5.8 percent gain in April. Sales for the Mercedes brand rose to 23,635 in April, led by gains for the C-class sedan and M-class SUV. The BMW brand posted a 10 percent increase in April to 23,225, the company said today in a statement.... Read More »
Pickups help Detroit 3 gain ground in Canada 2:00 pm U.S. ET | May 1, 2013  Canadian sales rose for the three Detroit automakers, led by strong sales for pickup trucks. Ford was the top-seller in Canada in April as sales rose 16 percent to 27,907 vehicles. Chrysler was second, at 25,745 vehicles, up 5 percent, barely edging out GM's 25,071 vehicles, up 19 percent.... Read More »
Mercedes extends U.S. luxury lead over BMW in AprilMay 1, 2013 20:03 CET  Mercedes-Benz extended its lead over BMW in the U.S. luxury sales race, with a 5.8 percent gain in April. Sales for the Mercedes brand rose to 23,635 in April, led by gains for the C-class sedan and M-class SUV. The BMW brand posted a 10 percent increase in April to 23,225, the company said today in a statement.... Read More »
APRIL U.S. AUTO SALES Detroit 3 gain Q1 market share for first time since 1993 10:20 am U.S. ET | April 30, 2013  For the first time in two decades, GM, Ford and Chrysler pulled off a sweep in the first three months of a year in the United States, with all three gaining market share in 2013's first quarter. The momentum likely built in April versus Toyota and Honda, according to a survey of analysts by Bloomberg News.... Read More »
Skoda aims to double sales in China by 2018April 25, 2013 15:42 CET  Skoda aims to double its sales in China to 500,000 vehicles within five years as part of a push to raise annual global deliveries to at least 1.5 million cars by 2018, up from a record 939,200 vehicles in 2012.... Read More »
Carfax hit with $50 million antitrust lawsuit by 120 dealerships 4:25 pm U.S. ET | April 24, 2013  The owners of 120 auto dealerships have filed a federal lawsuit against Carfax, alleging that the vehicle history reporting company engages in anti-competitive practices and violates antitrust laws.... Read More »
Asbury profit surges 85% in Q1 after 'best month' in March 10:30 am U.S. ET | April 24, 2013 A boom in business in March helped Asbury Automotive Group deliver record operating profits during the first quarter of 2013. Net income in the first quarter was $32.5 million, an 85 percent increase from $17.6 million during the year-earlier period.... Read More »
Western China generates growing auto sales in a high-growth market 2:28 pm U.S. ET | April 22, 2013  Each time An Fu Ford, a dealership in the western Chinese city of Chongqing, sells a car, workers fire a confetti cannon, showering the parking lot with colorful scraps of paper. There’s a lot of paper to sweep up these days.... Read More »
Toyota says Prius line may not reach 2013 U.S. target 2:32 pm U.S. ET | April 19, 2013  Toyota's Prius hybrids, after record sales in the United States last year, may not reach a target for growth in 2013 as gasoline prices fall faster than the automaker expected, its top North American executive said.... Read More »
APRIL U.S. AUTO SALES U.S. sales projected to rise 7% as annual rate stays above 15M 10:03 am U.S. ET | April 19, 2013 Drivers replacing aging vehicles will keep auto sales for the United States “in a healthy holding pattern” in April, industry analysts said today while raising the forecast for the full year.... Read More »
PSA says vehicle sales in China rose 31% in first quarterApril 19, 2013 10:58 CET  PSA said new-car sales in China rose 31 percent to 142,000 in the first quarter, a record for the automaker. Growth was driven by a 24 percent rise in deliveries for PSA's joint venture with Chinese automaker Dongfeng, the company added.... Read More »
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