NADA predicts 3 years above 16 million

12:01 am U.S. ET | Jan. 20, 2014
The economic signs indicate a strong sales year for the auto industry in 2014. And look for the recovery to continue for three years, says Steven Szakaly, the National Automobile Dealers Association's chief economist.... Read More »


Volvo CEO sees Europe demand 'leveling out' this year, report says

Jan. 20, 2014 16:20 CET
Volvo CEO Hakan Samuelsson forecasts flat demand in Europe's struggling automotive sector this year as sales in the region slowly rebound, the Financial Times reported.... Read More »



Make meeting forecast: Mostly sunny

12:01 am U.S. ET | Jan. 20, 2014
After yet another solid sales year, most make meetings at this year's National Automobile Dealers Association convention are expected to be the equivalent of a sunny day in Honolulu. But whenever two fronts collide -- in this case, dealers and the factories -- there's the potential for storm clouds to gather.... Read More »



Akerson 'optimistic' about Opel's future

Jan. 16, 2014 13:44 CET
General Motors' departing CEO Dan Akerson said he is "optimistic" about the automaker's struggling European brand, Opel. The brand's market share rose in Europe for the first time in 14 years in 2013, Akerson told the Automotive News World Congress.... Read More »


Russian car sales seen falling for second year in row

Jan. 16, 2014 06:15 CET
Russia's car market is facing another weak year and is expected to fall nearly 2 percent in comparison with 2013, the Association of European Businesses said.... Read More »



Pent-up demand just starting, expect 17 million sales in 2015, says Citi analyst

11:34 am U.S. ET | Jan. 15, 2014
DETROIT -- Auto sales will be stronger than expected this year and next because pent-up demand isn’t used up but just starting, says Itay Michaeli, head of auto research for Citi Investment.
He sees U.S. light-vehicle sales of 16.4 million this year, at the top end of the range of most forecasters. But his 2015 outlook for 17 million sales is significantly higher than the pack.... Read More »


Ford of Europe eyes higher 2014 sales on new models, market upturn

Jan. 15, 2014 14:52 CET
Ford is counting on new models and a stabilizing European car market to increase sales in the region this year, after shrinking demand inflicted a small drop in 2013 deliveries.... Read More »


Ford of Europe chief sees replacement demand driving car sales in 2014

Jan. 14, 2014 15:28 CET
Ford of Europe chief Stephen Odell said new-car sales in the automaker's 19 main European markets may rise almost 6 percent this year as customers replace aging vehicles.... Read More »



Black swans, canaries and coal mines

9:38 am U.S. ET | Jan. 13, 2014
Woo hoo! So we're headed for another year of rising U.S. auto sales. Fifth straight, with 2014 back to pre-recession volume. Woo hoo indeed! But if the Great Recession taught us anything, it's caution. We're suspicious of good news.... Read More »


Continental predicts sales growth of 5% in 2014

Jan. 13, 2014 12:14 CET
Continental predicts sales this year will jump 5 percent, a fifth consecutive year of record sales, after revenue rose 2 percent in 2013.... Read More »


Skoda plans fresh cars every six months in push for sales growth

Jan. 10, 2014 15:36 CET
Skoda plans to offer a new or revised model every six months on average until 2016 as the carmaker aims to pass 1 million sales this year.... Read More »


Economist: Used-vehicle prices will remain healthy, but could fluctuate

3:03 pm U.S. ET | Jan. 8, 2014
Used-vehicle prices could fluctuate at times this year but are expected to remain healthy overall, Tom Webb, Manheim's chief economist, predicted today.... Read More »


Skoda on target to sell 1 million cars in 2014

Jan. 8, 2014 15:21 CET
Skoda says it is on target to sell 1 million cars globally for the first time in 2014 thanks to the launch and ramped-up production of new models.... Read More »



Europe's car sales forecast to rise 3% in 2014, but price war to linger

Jan. 6, 2014 06:15 CET
Europe's battered car market is set to grow in 2014 after its six-year slump comes to an end, but with some of the region's carmakers saddled with losses that will weaken them for years, the rebound will be slow.... Read More »


Certified-used sales soar, and '14 looks even better

12:01 am U.S. ET | Dec. 23, 2013
Sales of certified used vehicles are heading for a record 2 million-plus units this year, pumped up by more off-lease vehicles returning to the market and by manufacturers' program enhancements. And sales will go even higher next year, predict industry watchers and certified used vehicle program managers at automakers.... Read More »


Renault may boost Captur output as small SUV segment booms

Nov. 30, 2013 06:01 CET
Renault may boost production of its Captur subcompact crossover by a third in 2014 as demand for small SUVs in Europe jumps.... Read More »


Faurecia trims mid-term goals after acquisitions

Nov. 25, 2013 14:22 CET
Faurecia said that it has trimmed its mid-term sales and margin goals as it digests several acquisitions made over the past few years.... Read More »


Ford's profit goal for Europe in reach, Odell says

Nov. 22, 2013 17:20 CET
Ford's European turnaround is gaining traction as the auto market stabilizes, though there is work to do controlling costs and launching new models before a promised return to profit, said Stephen Odell, the carmaker's regional chief.... Read More »


Toyota lowers car sales goal in Germany due to hybrid shortages

Nov. 14, 2013 06:01 CET
Toyota says it will not sell as many cars in Germany as it originally hoped this year after failing to keep up with demand for its hybrid cars in the market.... Read More »


Schaeffler backs 2013 outlook on 'robust' third-quarter business

Nov. 11, 2013 10:53 CET
German supplier Schaeffler reaffirmed its full-year forecast of growing group revenue between 1 and 2 percent after the supplier said third-quarter sales rose 2 percent.... Read More »


Continental raises earnings forecast on China, U.S. growth

Nov. 7, 2013 09:11 CET
Continental raised its earnings forecast for 2013 as growth in China and North America offset the effects of the euro's currency-market gains.... Read More »


Audi sticks to profit margin goal despite costs of growth

Nov. 4, 2013 11:34 CET
Audi reaffirmed a goal to achieve an operating profit margin of 8 percent to 10 percent this year despite higher spending on models, technology and factories.... Read More »


Subaru lifts full-year profit forecast on record U.S. sales

12:01 am U.S. ET | Nov. 4, 2013
The maker of Subaru cars has raised its already rosy full-year profit and revenue forecasts. Fuji Heavy Industries President Yasuyuki Yoshinaga said the improved outlook builds on a more favorable yen-dollar exchange rate and booming U.S. demand.... Read More »


Autoliv raises sales outlook for 2013 as Q3 profit rises 1%

Oct. 24, 2013 13:22 CET
Auto safety specialist Autoliv posted a small rise of 1 percent in quarterly pre-tax earnings and raised its sales outlook for the full year.... Read More »


VW's Winterkorn says Germany's 1 million electric-car goal is achievable

Oct. 24, 2013 06:01 CET
VW CEO Martin Winterkorn said the German government's goal to have 1 million electric cars on the country's roads by 2020 can be achieved if hybrids are included.... Read More »


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Mike Shaw Toyota in Corpus Christi, Texas, struggled to find good used cars. So it started providing free appraisals to service customers and offered to buy their vehicles on the spot. Mon., April 14
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