Vehicle Sales

Technology training can help close a sale, AutoTrader.com says

10:39 am U.S. ET | Nov. 18, 2014
As automakers incorporate in-vehicle technology features in more models, dealers have to find a way to sufficiently teach customers how to use the new tools, AutoTrader said in a report....
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NADA sees 2015 U.S. sales nearing 17 million vehicles

12:45 pm U.S. ET | Nov. 17, 2014
Continued economic improvement, low interest rates and cheap gasoline will help new-vehicle sales rise more than 3 percent to nearly 17 million units next year, the most since 2005, according to forecasts from the National Automobile Dealers Association....
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Financial openness can beat the lowest pricing, dealer says

12:01 am U.S. ET | Nov. 17, 2014
Customers who apply for vehicle financing on driversselect.com get real information about interest rates, down payments and monthly payments that holds up once they arrive at the Dallas used-only dealership. CEO Steve Hall says many dealers don't find it easy to give out so much information online. But transparency builds trust, he said....
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Manheim stocks used cars for Sonic

12:01 am U.S. ET | Nov. 17, 2014
Sonic Automotive is contracting with Manheim to buy and stock used vehicles at a new-car store near Denver as part of an unprecedented pilot program....
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How remarketers get the most from off-lease vehicles

12:01 am U.S. ET | Nov. 17, 2014
With the number of off-lease vehicles returning to the market expected to rise steadily and sharply over the next several years, automakers say it is crucial to have programs that enable them and their dealers to sell used vehicles quickly and for as much money as possible....
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Hertz to restate results, change fleet-purchase strategy

2:22 pm U.S. ET | Nov. 14, 2014
Hertz said today it will revise financial statements from 2011 through 2013 and continue a review that has found $87 million of errors so far. Hertz also said it's initiating a $100 million cost-reduction program and said it increased the rate at which it's selling the highest-mileage cars in its fleet by 45 percent....
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Sales are up and the mix is rich

12:01 am U.S. ET | Nov. 10, 2014
U.S. light-vehicle sales rose 6 percent in October and the annual selling rate was a solid 16.5 million. But the real story last month - and indeed for most of 2014 - was all the extra cash those unit sales brought in....
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Shoppers willing to pay smaller certified-used premium, study shows

12:01 am U.S. ET | Nov. 10, 2014
New-car shoppers in AutoTrader.com's 2014 Certified Pre-Owned Study said they are willing to pay a $2,032 premium for a certified used vehicle, vs. one that isn't. That was down $908, or nearly a third, from the amount new-car shoppers in last year's study said they were willing to pay....
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Rising off-lease volume hits ADESA lanes

12:01 am U.S. ET | Nov. 10, 2014
The number of vehicles sold at ADESA's physical auctions rose 4 percent in the third quarter as a much-anticipated rising volume of off-lease vehicles began to be felt in the remarketing world, said the CEO of the auction company's parent....
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Battle of the brands

6:45 pm U.S. ET | Nov. 7, 2014
How some tight brand races and model matchups are shaping up after 10 months...
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Mercedes sales rise to new record in October, boosted by China demand

Nov. 7, 2014 11:35 CET
Daimler said vehicle sales at its Mercedes-Benz Cars unit, which includes the Mercedes and Smart brands, rose 8 percent to 146,112 in October....
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LINDSAY CHAPPELL

Cheaper gas led to increased light-truck and crossover sales? Not necessarily

11:51 am U.S. ET | Nov. 6, 2014
Cheaper gas is being widely credited with October’s gains in the sales of crossovers, SUVs, pickups. And no doubt, lower pump prices are figuring into consumer thinking right now. But sometimes the easiest explanation of the month’s sales trends isn’t always the most satisfying....
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Ford offers year-end incentives for dealers to meet sales targets

11:24 am U.S. ET | Nov. 6, 2014
Ford, seeking to hit year-end sales goals, rolled out a bonus program that offers dealers a cash bounty for meeting sales targets that some retailers criticize for cheapening the brand....
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Ford lays off 90 workers at Chicago plant

11:45 am U.S. ET | Nov. 5, 2014
Ford laid off about 90 workers at its Chicago Assembly Plant last week, the automaker said, describing the move as a temporary staff adjustment....
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ADESA doubles Q3 profits on growing auction volume

2:29 pm U.S. ET | Nov. 5, 2014
KAR Auction Services, parent of ADESA, said its third-quarter net income more than doubled to $47 million from $22 million a year earlier, on revenues that increased 10 percent to $589 million....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Volvo CEO predicts positive 2015 in Europe, U.S.

Nov. 4, 2014 06:30 CET
Volvo CEO Hakan Samuelsson has helped turn around the Swedish automaker, which is now growing at a faster rate than BMW, Audi and Mercedes in Europe and China. The chief executive shared Volvo's future plans with Automotive News Europe....
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OCTOBER U.S. SALES

Chrysler, Nissan set pace as U.S. sales rise 6% on truck demand

6:00 am U.S. ET | Nov. 3, 2014
U.S. light-vehicle sales, led by double-digit increases at Chrysler Group and Nissan Motor, rose 6 percent last month to 1.28 million, matching forecasts, with crossovers and light trucks fueling much of the industry's gains. The seasonally adjusted annual sales rate, a broad measure of the industry's health, hit 16.5 million, slightly above projections and up 7 percent from 15.4 million a year earlier. The SAAR has now topped 16 million every month beginning with March....
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BMW tops in luxury sales, despite Mercedes' best month of 2014

4:36 pm U.S. ET | Nov. 3, 2014
The BMW brand had its strongest October sales performance ever to top Mercedes-Benz, which recorded its best month so far this year. While BMW and Mercedes-Benz duke it out for the top two spots, Lexus had its 13th consecutive month of sales gains....
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Volvo sales up 13% on strong China, Europe demand

Nov. 3, 2014 17:52 CET
Volvo said its vehicle sales rose 13 percent in October, logging a 16th straight month of growth on the back of strong demand in China and Europe....
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Canada sets more auto sales records in October

3:21 pm U.S. ET | Nov. 3, 2014
Automakers in Canada enjoyed another strong sales month in October as the market moved into the home stretch of what is shaping up to be a record-breaking year....
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Sales race tight; finish line nears

12:01 am U.S. ET | Nov. 3, 2014
The race between Volkswagen and Toyota for No. 1 in global auto sales is going down to the wire in 2014, with the outcome to be decided in China and the United States....
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Mazda, Fuji Heavy post big quarterly profit gains on weak yen

6:49 am U.S. ET | Oct. 31, 2014
Mazda Motor and Subaru's parent company Fuji Heavy Industries today posted rosy second-quarter profit growth as a weak yen made their exports more lucrative....
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China's auto market growth may halve to 7% this year

Oct. 31, 2014 06:15 CET
Growth in China's auto market is forecast to halve to 7 percent this year, an industry body said, citing a slowing economy which weakened further in the third quarter....
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Lithia will continue rapid acquisition pace after DCH

9:08 am U.S. ET | Oct. 30, 2014
Lithia Motors will continue its rapid pace of acquisitions over the next year despite just closing a huge deal to buy DCH Auto Group, executives said today. Their remarks came as Lithia reported its third-quarter net income increased 11 percent to $34.5 million....
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AutoNation halts sales of used cars under Takata recalls

12:51 pm U.S. ET | Oct. 28, 2014
AutoNation has stopped selling used vehicles that are subject to the Takata airbag recalls and warnings. The action affects fewer than 400 cars, AutoNation said today....
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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
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