Trucks drive Nissan, FCA, Ford, Honda to June gains; GM fallsFri, 01, Jul 2016
Nissan, Ford, FCA and Honda rode strong demand for trucks in posting solid U.S. sales gains for June with the industry forecast to rebound from a May slump. Across the industry, June deliveries are expected to rise as much as 5 percent year over year, after slipping 6.1 percent in May. Automakers are counting on low interest rates, stable fuel prices, rising wages and near-full employment to counter some headwinds and drive sales in the second half.
Hertz signs deals with Uber, Lyft to supply cars to driversFri, 01, Jul 2016
Hertz reached agreements with Uber Technologies and Lyft, the two largest U.S. ride-hailing startups, to supply drivers with vehicles the rental-car company rotates out of its fleet.
Robert Cox, ad man behind Ford's 'Quality is Job 1' pitch, diesWed, 29, Jun 2016
Robert Cox, an outspoken New York advertising executive who helped Ford embrace the slogan “Quality is Job 1” in the 1980s and later crafted ad campaigns for Honda and Saturn, has died. He was 78.
Industry's sales record streak to end in 2016?Thu, 30, Jun 2016
A newly released report from AlixPartners forecasts U.S. light-vehicle sales of 17.5 million in 2017 -- down slightly from this year's 17.8 million forecast. The consulting firm expects U.S. sales to bottom out at 15.2 million vehicles in 2019.
Former N.Y. Nissan dealer to repay customers nearly $102,000 for illegal fees, fraudWed, 29, Jun 2016
A former New York dealer has agreed to pay $101,986 in restitution to 119 consumers for charging them illegal fees and employing deceptive sales and advertising tactics, New York Attorney General Eric Schneiderman said.
Porsche CEO expects boost from retooled PanameraWed, 29, Jun 2016
Porsche expects the retooled, second-generation Panamera to give a boost to the weakest performing model in its portfolio. Porsche is targeting luxury car buyers with a sportier, sleeker version of the four-door coupe-styled sedan that lands in U.S. dealerships early next year.
These guys want your used-vehicle sales, profitsMon, 27, Jun 2016
Beepi. Shift. Carvana. Vroom. Don't let the clever names fool you. These tech start-ups aim to take a bite out of the used-vehicle retail industry's lunch.
Vroom will make cash offers to private sellers on eBayWed, 29, Jun 2016
Online veteran eBay and online upstart Vroom have teamed up to pilot a program that will give eBay customers another option to sell their vehicles for cash and Vroom another way to source vehicles for its used-car operations.
2017 Smart ForTwo Cabrio priced at $19,650Wed, 29, Jun 2016
The 2017 Smart ForTwo Cabrio will be the cheapest convertible on the market at $19,650, with shipping, when it arrives in U.S. dealerships this fall, Mercedes-Benz USA said.
Brexit may cost carmakers 2.8 million global sales, IHS saysWed, 29, Jun 2016
The UK's vote to leave the EU may cost automakers about 2.8 million light-vehicle sales worldwide through 2018, researcher IHS Automotive said. The UK is expected to be hit hardest. Instead of expanding 3.2 percent this year, the UK may grow by just 1 percent followed by declines in the next two years.
Lincoln to provide free pickup, delivery for service vehiclesTue, 28, Jun 2016
Lincoln, in a bid to stand out among larger luxury brands, will provide free pickup and delivery of service vehicles to new owners starting with 2017 models.
U.S. underestimates cost of fuel and CO2 goals, automakers sayTue, 28, Jun 2016
U.S. regulators have underestimated the cost and difficulty of achieving their vehicle fuel-economy and greenhouse-gas targets for 2025 and are giving California too much power to shape the country's policies on those issues, an automaker group said.