Vehicle Sales

KAR Auction Q1 net income doubles

3:11 pm U.S. ET | May 6, 2015

KAR Auction Services, parent company of ADESA, said its net income more than doubled to $54.5 million on revenues that increased 8.3 percent to $632.4 million in the first quarter....
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Italy's new-car sales rose 25% in April

May 4, 2015 21:10 CET

Italy joined France and Spain in reporting higher new-car sales in April. Italian registrations rose nearly 25 percent to 148,807 vehicles, the country's transport ministry said....
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Spain's car-sales growth slows as subsidies end

May 4, 2015 13:20 CET

Spanish new-car sales rose 3.2 percent last month, down from a 41 percent rise in March as the latest phase of a government subsidy scheme ended. The government is expected to further extend the scheme, which has resulted in 20 straight months of growth in the market....
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French vehicle sales rise 1.8% in April

May 4, 2015 11:03 CET

French vehicle sales rose 1.8 percent in April with Renault's performance outpacing its peer PSA/Peugeot-Citroen. The figures confirm the positive trend so far this year, which led industry association CCFA to upgrade its annual forecast from flat to 2 percent growth....
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CHRISTIAAN HETZNER

BLOG: Good news for Europe's late arrivers in China

12:01 am U.S. ET | May 4, 2015

Late-arriving European brands in China such as Renault, Fiat and Jaguar have reason to be optimistic because most Chinese customers are ready to leave their current brands....
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Benz overtakes BMW in U.S. luxury race

3:33 pm U.S. ET | May 1, 2015

Luxury auto sales are outpacing U.S. industry gains as BMW and Mercedes-Benz lure buyers from mainstream brands with lower-priced models. In April, Mercedes pulled ahead of BMW to take the luxury-brand lead....
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Honda slips 1.8% on weaker Accord sales

5:15 pm U.S. ET | May 1, 2015

For the second straight month, a big decline in Honda Accord deliveries dragged down the automaker's U.S. monthly sales results....
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Toyota posts gain, needs more trucks

5:30 pm U.S. ET | May 1, 2015

Toyota will adjust production in the coming months to boost tight light-truck supplies after strong demand for pickups, crossovers and SUVs offset slumping car sales last month. The automaker had an April sales gain of just 1.8 percent -- its smallest increase since September....
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Crossovers push GM to 5.9% increase

2:30 pm U.S. ET | May 1, 2015

General Motors' April sales rose 5.9 percent, as booming crossover demand offset continued weakness in GM's car lines. GM's retail sales rose 5.3 percent while deliveries to fleet customers climbed 7.6 percent, for a total of 269,056 units. GM said its commercial sales, or deliveries to business customers, were the highest since March 2008....
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Ford snaps 2-month skid, gains share

1:45 pm U.S. ET | May 1, 2015

The Ford brand set an April record for U.S. sales of utility vehicles as Ford gained market share for only the third time in the past 16 months. It also was the automaker's first year-over-year increase since January....
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Lotus sees profit after cost cuts, U.S. relaunch

May 1, 2015 06:15 CET

UK sports car maker Lotus will be profitable again by 2017 after years of losing money, CEO Jean-Marc Gales said. The company has moved to cut costs and improve its lineup and plans a relaunch in the U.S. market....
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Subaru streak hits 41 months

2:45 pm U.S. ET | May 1, 2015

Subaru of America said April was its 41st consecutive month of growth, with sales up 18 percent from the year-ago month....
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FCA up 5.8% on Jeep, Chrysler 200, Ram

12:00 pm U.S. ET | May 1, 2015

Strong Jeep and Chrysler 200 sales pushed Fiat Chrysler's U.S. deliveries up 5.8 percent in April. Fiat Chrysler Automobiles reported U.S. sales of 189,027 units, its 61st consecutive month of year-over-year sales gains....
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JESSE SNYDER

BLOG: April like a dry day at harvest time - no time to sit back

5:15 pm U.S. ET | May 1, 2015

Solid. Profitable. Gratifying. And yeah, a bit boring of a sales month. Yet another month of just-fine-thanks....
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GM tops rivals in Canada

3:24 pm U.S. ET | May 1, 2015

General Motors jumped to the top of the Canadian sales rankings for April as it sold 15 percent more cars and trucks than a year earlier, the company said today, winning a crown usually held by its rivals....
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Crossovers propel Nissan Motor to April record

12:00 pm U.S. ET | May 1, 2015

Nissan Motor Corp. rode its freshened lineup of Nissan and Infiniti utilities and crossovers to total U.S. sales of 109,848 vehicles, an increase of 5.7 percent an April record....
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Continental Q1 profit rises 5% on Europe rebound

April 30, 2015 11:39 CET

Continental's first-quarter profit rose 5 percent to about 1 billion euros ($1.11 billion) as auto sales in Europe increased....
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Whole lotta wholesalin' goin' on

12:01 am U.S. ET | April 27, 2015

Soaring new-vehicle sales for the last few years mean that used vehicles are more plentiful. Dealers have become more selective about the vehicles they stock, and more willing to wholesale the ones they cull....
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SHANGHAI AUTO SHOW: PRICED TO SELL

China's cheap car strategy for the U.S.

12:01 am U.S. ET | April 27, 2015

Wu Song, boss of China's Guangzhou Automobile, says his cars need to be 30 percent cheaper than rivals to make it in America. If everything goes his way, GAC will test his pricing strategy with the U.S. launch of its GS4 crossover in 2017....
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'RATIONAL EXUBERANCE'

Industry revels in good times but manages to avoid overdoing it

12:01 am U.S. ET | April 27, 2015

There are many signs suggesting the U.S. auto industry is on a positive, sustainable track, but perhaps the most reassuring sign is the kind of caution that dealers and manufacturers are showing amid the boom....
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Recalled program cars vex GM, hurt profits

12:01 am U.S. ET | April 27, 2015

Late last year, General Motors decided to hold off on auctioning many of its retired rental vehicles because of depressed prices. But lower prices on the sale of program vehicles - those that the automaker took back after they were retired from rental fleets - hurt GM's first-quarter operating profit by about $400 million, the company said....
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Manheim expands its mobile auctions

12:01 am U.S. ET | April 27, 2015

Manheim is expanding its mobile auction business, which the company says could grow to 20 percent of its revenues eventually from less than 5 percent today....
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Mazda quarterly profits fall on currency losses while sales rise

6:41 am U.S. ET | April 24, 2015

Profits fell at Mazda in the January-March quarter, undercut by higher outlays for marketing and factory startups and foreign exchange losses, despite rising sales....
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JESSE SNYDER

BLOG: Midsize with a four-banger or large and loaded? How auto insurance affects consumers' buying power

11:32 am U.S. ET | April 23, 2015

Want $7,700 more to spend on a new car? Move from Michigan to Maine before you insure it. That's because U.S. insurance premiums on a new vehicle vary wildly by state, according Insure.com...
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GM gets boost from smaller pickups, but doubters question for how long

10:29 am U.S. ET | April 23, 2015

General Motors' return to selling smaller pickups in the United States has resuscitated a moribund market segment, but new data highlights the risk that the automaker's new trucks are cannibalizing sales of higher-priced models....
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Smart use of phones, sales teams lift Wash. stores

Smart use of phones, sales teams lift Wash. stores

Sales employees at Ford and Hyundai of Kirkland have tapped smartphones to show how customers are “buying a relationship” with the group. Mon., May 4
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