Vehicle Sales

Nissan tops 100,000 sales in Canada for first time, gains market share

2:02 pm U.S. ET | Dec. 19, 2014
Nissan said its sales in Canada have reached a record-breaking 100,000 new vehicles this year....
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CarMax says Q3 net income rose 22% to $130 million

9:14 am U.S. ET | Dec. 19, 2014
CarMax, the largest used-car seller in the United States, said net income surged 22 percent in its third fiscal quarter as easier credit boosted vehicle sales....
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Ghosn says ruble plunge a 'bloodbath' for automakers

Dec. 19, 2014 10:04 CET
The ruble's plunge is creating a "bloodbath" for automakers in Russia, Renault-Nissan CEO Carlos Ghosn said. Nissan and Renault have stopped taking orders for some cars in Russia and could raise prices on others if the ruble continues to fall, he said....
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Retired rentals ding prices

12:01 am U.S. ET | Dec. 15, 2014
The talk in remarketing circles has been about how the rising tide of off-lease vehicles will push used-car prices down. But more retired rental units are destined to hit the market next year, too....
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Where are the GM program vehicles?

12:01 am U.S. ET | Dec. 15, 2014
The flow of retired rental vehicles that General Motors normally sells at auction to its dealers has slowed to a trickle since mid-November, dealers say. The prices that GM can fetch on program vehicles -- those that the automaker takes back after they're retired from rental fleets -- dropped dramatically in late October....
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GABE NELSON

Who says the Detroit 3 can't sell luxury?

3:40 pm U.S. ET | Dec. 12, 2014
We hear an awful lot about the sorry state of Detroit's luxury brands, but if you look at it objectively, Detroit actually isn't bad at selling luxury vehicles. It's just that the luxury vehicles are pickup trucks and SUVs....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Europe's retailers shrank less than car sales, report says

Dec. 8, 2014 06:01 CET
Europe's dealer network has contracted less than the market since the start of the last economic crisis, a report says. New-car registrations are 20 percent below their pre-recession peak, but the number of dealerships has fallen by 12 percent....
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SPRINT TO THE FINISH

2014 U.S. sales tightest races

3:50 pm U.S. ET | Dec. 8, 2014
With just a month to go in the 2014 U.S. sales wars, here's how some tight brand races and model matchups are shaping up....
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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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Carmakers hit the gas as China slows down

12:01 am U.S. ET | Dec. 8, 2014
Chinese bureaucrats are jittery, maybe even a bit panicky, about the country's slumping economy. But global carmakers sound as optimistic as ever as they place big bets on the world's biggest auto market....
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Lack of 2014 retired rental units buoy Nov. auction prices

3:34 pm U.S. ET | Dec. 5, 2014
Strong used-vehicle demand and a sharp decline in retired rental vehicles offered at auction buoyed prices of used cars and trucks in November....
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AutoNation sales up 6% in November

3:19 pm U.S. ET | Dec. 3, 2014
Strong truck sales helped AutoNation to a 6 percent increase in new-vehicle sales in November. New-vehicle sales for AutoNation, the country's largest dealership group, were 27,055 in November, with increases from all of the company's operating segments....
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Chrysler closes in on Ford in Canada

4:00 pm U.S. ET | Dec. 2, 2014
Chrysler Canada gained on Ford's Canadian unit for the second month in a row in November, pulling within 920 vehicles of the sales leader....
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Mercedes wins November U.S. luxury crown, trails BMW for annual title

9:00 am U.S. ET | Dec. 2, 2014
Mercedes-Benz, trailing BMW by a narrow 1,830-vehicle margin following record sales in November, has one month to overtake its German rival and retain its crown as the No. 1 luxury brand in the United States....
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Volvo sales up 3%; China, Europe gains offset U.S. dip

Dec. 2, 2014 15:36 CET
Volvo said sales of its cars rose 3 percent in November as growth in China and Europe offset a double-digit decline in the U.S....
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TLX delivering on sales and image, Acura says

12:01 am U.S. ET | Dec. 1, 2014
With two full months of sales data behind it, Acura says the new TLX midsize sedan is beginning to fulfill its promise of reviving the luxury brand, whose U.S. sales and image have sagged in recent years....
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FROM HANDICAP TO HANDY SOLUTION

Ghosn: Nissan will fill gaps with Japanese imports

12:01 am U.S. ET | Nov. 24, 2014
As Nissan Motor Corp. pushes to boost U.S. market share and cut reliance on Japanese imports, it's clear which goal takes priority: selling more vehicles. Even if it takes more imports to do it. Nissan CEO Carlos Ghosn says the devalued yen has made his Japanese plants an acceptable solution to augment North American production as the company stretches for a 10 percent U.S. market share....
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Structural damage or fender bender?

12:01 am U.S. ET | Nov. 24, 2014
TrueFrame will inspect any vehicle, at a dealership's request, that has an accident on its history report. TrueFrame issues its own report if the vehicle passes its cosmetic and structural standards. The TrueFrame report is sent to the dealership that requested it and to vehicle history reporting companies such as Carfax Inc., which has agreed to link TrueFrame reports to its vehicle history reports....
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Next phase of multiplatform sales? Hold your horses

12:01 am U.S. ET | Nov. 24, 2014
Remarketers, auto dealers and others had hoped to hear at a remarketing conference this month about when the next stage in online multiplatform auction selling would arrive. But when Jay Cadigan, who represents Manheim in conversations with other key players hammering out details of the initiative, was asked about its timeline, he demurred....
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Two-car households will decline, KPMG report predicts

12:01 am U.S. ET | Nov. 22, 2014
Two-car households may be on the decline as urbanization increases, but they are far from disappearing, a KPMG report said this week....
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Hertz hires airline veteran Tague to revive company

12:12 pm U.S. ET | Nov. 21, 2014
Hertz Global Holdings named John Tague as its new CEO, appointing the manager credited with boosting sales at United Airlines to restore investors' confidence in the car-rental company plagued by an aging fleet and sloppy accounting....
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LOS ANGELES AUTO SHOW

Fiat expects new crossover to outsell 500 minicar in U.S.

Nov. 20, 2014 11:11 CET
Fiat expects its Fiat 500X SUV to be even more popular in North America than its retro-styled 500 minicar as it appeals to customers seeking a larger car with the option of four-wheel drive....
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ARLENA SAWYERS

Popping the subprime bubble myth

12:01 am U.S. ET | Nov. 19, 2014
There is no subprime auto loan bubble, darn it. That message came through loud and clear in session after session during the recent Used Car Week conference sponsored in Las Vegas....
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Volvo Cars plots U.S. resurgence with model overhaul

10:00 am U.S. ET | Nov. 19, 2014
Chinese-owned Volvo Car Group said today a sweeping overhaul of its model range over the next five years would propel its long-suffering sales volumes in the United States back above 100,000 cars per year....
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GM getting positive reviews on Wall Street despite record recalls

8:51 am U.S. ET | Nov. 19, 2014
If relative value means anything, GM may be the best buy in the auto industry. That, at least, is the consensus of bullish analysts, who are extolling the highest-quality vehicles in decades and operating margins to go with them, even as GM suffers a record recall of cars....
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Special Report
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
» Watch the Video