February forecasts see flat U.S. sales despite heavy discountsFri, 24, Feb 2017
U.S. new-vehicle sales this month, driven by higher incentive spending, are expected to be about the same as a year ago or down slightly.
Is Nissan's Leaf turning from flop to fortune?Sun, 19, Feb 2017
Nissan's bold move into electric vehicles with the Leaf earlier this decade looks like a sales flop to many. But there are pockets of the U.S. market where EVs are in demand.
SUV discounts signal flagging demand, eroding auto profitsFri, 17, Feb 2017
SUVs, overtaking sedans as the new American family car, have been so hot that automakers raced to supply the market. With inventory now piling up, profit-sapping rebates are on the rise.
CarMax opens first four-lane auction on West CoastFri, 17, Feb 2017
CarMax opened a vehicle reconditioning and four-lane auction center in Murrieta, Calif., on Thursday, making it CarMax’s largest multipurpose location on the West Coast, the used-vehicle mega-retailer said.
New tax could push price limitMon, 13, Feb 2017
Prices for new cars and trucks, being pushed ever-higher by fuel-economy improvements, safety equipment and advanced technology, could soar out of range for many U.S. buyers with the addition of an import tax to the equation.
U.S. throughput falls in '16Mon, 13, Feb 2017
The average U.S. dealership's new-vehicle throughput fell in 2016 for the first time in seven years to 965, just one unit below the 2015 record, Urban Science said.
Nissan's quarterly profit drops 15% on stronger yen, rising incentivesThu, 09, Feb 2017
Nissan reported a 15 percent drop in operating profit to 163.51 billion yen ($1.40 billion) in the latest quarter as foreign exchange losses, falling revenue and rising incentives sapped earnings.
Zipcar shutters Detroit officeWed, 08, Feb 2017
Zipcar has closed its Detroit workspace as part of the company's move to reduce its "physical presence."
Renault-Nissan nears GM global sales after Mitsubishi rescueWed, 08, Feb 2017
Renault-Nissan Alliance came just short of matching General Motors and joining the ranks of the three biggest automakers by global sales, after CEO Carlos Ghosn rescued a Japanese peer last year. Nissan, Renault and Mitsubishi combined delivered 9.96 million vehicles last year
FTC sued over sale of certified used carsTue, 07, Feb 2017
The Center for Auto Safety and five other groups filed a lawsuit against the Federal Trade Commission for allowing used cars to be advertised as "certified" or safe despite being the target of an outstanding safety recall.
Volume slips 1.9% but SAAR remains strong at 17.57 millionWed, 01, Feb 2017
U.S. light-vehicle sales dipped 1.9 percent in January with consumers and automakers taking a break after a robust December fueled by heavy promotions and more generous deals. The SAAR remained strong -- slipping slightly to 17.57 million from 17.87 million in January 2016, and easily exceeding a projection of 17.3 million for the month.
Porsche dealers to get extra 911s they soughtMon, 06, Feb 2017
Porsche's U.S. dealers will get the additional 10 percent bump in allocation of the 911 sports car for which they've been pleading. "It is going to happen," Klaus Zellmer, CEO of Porsche Cars North America, said in an interview at the National Automobile Dealers Association convention.