Vehicle SalesMercedes plays catch-up in China 12:01 am U.S. ET | June 10, 2013  Daimler's Mercedes-Benz is adding production capacity and expanding its retail network in China as the automaker tries to catch up with premium rivals Audi and BMW. Daimler expects China to become its largest market within two years, overtaking its current No. 1, the United States, and second-ranked Germany.... Read More »
Private-sale used-car site adds financing 12:01 am U.S. ET | June 10, 2013  A new auto financing capability on the PRNDL.com Web site offers private-sale used-car buyers the ability to line up financing and apply for a loan online. Easier financing for consumer-to-consumer sales could potentially take some used-car sales away from franchised dealerships.... Read More »
YANG JIAN China's slowing economy provides opportunities for foreign automakers 12:01 am U.S. ET | June 10, 2013  Recent economic indicators suggest that China's economy is losing steam. The economy grew 7.7 percent in the first quarter, down from last year's 7.8 percent pace, and official statistics may be masking a more serious slowdown. Still, foreign automakers in China should view the slight slowdown as an opportunity for better long-term growth.... Read More »
Edmunds joins TrueCar's push into online pricing 12:01 am U.S. ET | June 10, 2013 Edmunds.com is joining a consumer-driven push to provide guaranteed vehicle price information over the Internet. TrueCar Inc. pioneered the online practice of getting dealers to bid guaranteed prices for vehicles, but 18 months ago ran afoul of brokering and advertising laws in some states.... Read More »
GM cuts incentives as big-pickup sales soar 12:01 am U.S. ET | June 10, 2013  Chevrolet and GMC dealers wondering when General Motors will fully open the incentives spigot on its outgoing full-sized pickups might be waiting awhile. Even as the first redesigned 2014 Chevrolet Silverado and GMC Sierra hit showrooms, GM is commanding higher prices and dangling smaller incentives for the outgoing trucks, which have been on the market since 2006.... Read More »
Study: Don't forget women, baby boomers 12:01 am U.S. ET | June 10, 2013 Want to sell more accessories to new-vehicle buyers? Don't forget to make your sales pitch to women and baby boomers. That insight comes from the 2013 Automotive Accessory Market Report released in April by Foresight Research of suburban Detroit.... Read More »
IHS to buy Carfax owner R.L. Polk for $1.4 billion 9:38 pm U.S. ET | June 9, 2013  IHS said Sunday that it struck a deal to buy privately held RL Polk, the owner of used-car history provider Carfax and a leading provider of auto industry data, in a deal valued at $1.4 billion.... Read More »
Used vehicle prices fall, but pickups still gain 2:15 pm U.S. ET | June 7, 2013  Used-vehicle prices dropped 4.8 percent overall last month compared with May 2012. But prices of used pickups emerged as the only segment to show a slight, year-over-year price increase, the Manheim Used Vehicle Value Index reveals.... Read More »
Ford maintains lead in brand loyalty, Polk says 12:44 pm U.S. ET | June 7, 2013  Ford defended its top position in automotive brand loyalty for the first quarter of 2013, according to an analysis by Polk, a suburban Detroit research firm. Polk reports that, on average, 52 percent of new-vehicle owners were repeat brand customers in the first quarter, up 2 percentage points from the first quarter of 2012.... Read More »
Audi reports May sales rise 6% on U.S., China, UK gainsJune 6, 2013 13:20 CET  Audi said global vehicle sales rose 6 percent in May to 137,200 cars with robust growth in the United States, China and the UK helping to offset falling demand in most of Europe's key markets.... Read More »
Ford China enjoys big SUV sales in May; GM's premium brands rise 9:49 am U.S. ET | June 5, 2013  Ford sales in China last month surged 45 percent year-on-year to 70,540 vehicles, supported by its expanding SUV lineup. Meanwhile, GM and its three joint ventures in China sold 252,942 vehicles in May, up 9 percent year-on-year, on strong demand for the Buick and Cadillac brands.... Read More »
AutoNation says May retail sales rose 11 percent 1:35 pm U.S. ET | June 4, 2013  AutoNation, the largest U.S. dealership group, said its new-vehicle retail sales rose 11 percent in May compared to last May. AutoNation retailed 26,372 vehicles last month, compared with 23,763 units in May 2012.... Read More »
German car sales fall 10% in MayJune 4, 2013 10:42 CET  New-car sales in Germany fell nearly 10 percent in May dampening hopes for any recovery in the crisis-hit European market in 2013.... Read More »
GM deliveries up 3%, led by trucks, Cadillac 5:32 pm U.S. ET | June 3, 2013  General Motors' May sales rose 3 percent, falling short of the industry's overall pace for the first time this year. But sales of GM's pricier, most profitable vehicles -- pickups, large SUVs and Cadillacs -- were up strongly.... Read More »
Caddy's year-to-date surge biggest since '76; Mercedes leads BMW in luxury race 3:35 pm U.S. ET | June 3, 2013  Cadillac this year has had its biggest gain in the United States since 1976, when Gerald Ford was president, the nation celebrated its 200th birthday and “The Hustle” won a Grammy.... Read More »
Accord paces Honda May volume gains 2:47 pm U.S. ET | June 3, 2013  Led by strong demand for the recently redesigned Accord sedan and coupe, American Honda sales rose 5 percent in May to 140,013 units.... Read More »
JESSE SNYDER EV's biggest danger? If buyers feel stupid 4:09 pm U.S. ET | June 3, 2013  Electric vehicle sales have hit a rough spot. Sales are soft, flat or even falling, and prices are dropping. And I see a big risk here for future sales that executives aren't voicing: the risk of making actual buyers feel stupid.... Read More »
Canadian auto sales climb in May, led by Ford 2:11 pm U.S. ET | June 3, 2013  Ford was Canada's top auto seller in May, the company said today, as brisk demand for new trucks more than offset a decline in car sales.... Read More »
Nissan hits record month on fresh models 3:06 pm U.S. ET | June 3, 2013  Sales of Nissan's recently redesigned Altima, Sentra and Pathfinder pushed the brand to a record May level last month in the United States.... Read More »
Study: Older drivers more likely to buy new vehicles 3:53 pm U.S. ET | May 30, 2013 Automakers and dealers have the best chance of selling new vehicles by marketing to consumers ages 55 to 64, according to a University of Michigan study released today.... Read More »
Kia aims to conquest upscale shoppers 12:01 am U.S. ET | May 27, 2013  Kia's near-luxury Cadenza sedan -- priced from around $36,000 and equipped to swipe customers from the Acura TL and Lexus ES -- underscores how far the marque has come since its days as a value brand for used-car intenders. Where it goes from here is less clear.... Read More »
STAR POWER Not satisfied with OnStar's steady profits, GM wants to create a global 4G powerhouse 12:01 am U.S. ET | May 27, 2013  General Motors' OnStar telematics unit has quietly become a profit margin superstar. Analysts peg OnStar's revenues at about $1.5 billion annually, with a margin of 30 to 35 percent. That's about five times the 6.2 percent margin from GM's first-quarter adjusted earnings before interest and taxes in North America. The question for GM now is: Can OnStar be more?... Read More »
Entrepreneur's venture fills high-end niche 12:01 am U.S. ET | May 27, 2013  Early this decade, Chuck Surack realized that Fort Wayne, Ind., where he had built a sound-technology company called Sweetwater Sound, lacked a place to buy many high-end car brands. So in 2011, he refurbished a former dealership site just west of Fort Wayne's downtown -- and reopened it as SweetCars.... Read More »
Exec: Changes in Volvo program will pay off 12:01 am U.S. ET | May 27, 2013  Changes that Volvo Cars of North America made this year to its certified used-vehicle program have yet to pay off. But things are moving in the right direction, says Steve Golow, Volvo pre-owned car-line manager.... Read More »
Experian vehicle history reports to appear in AutoTrader.com starting in September 3:46 pm U.S. ET | May 23, 2013  Starting in September, dealers will be allowed to post used vehicles on AutoTrader.com with Experian Automotive's AutoCheck vehicle history reports in addition to reports from Carfax.... Read More »
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Special Report
 Dealer O.C. Welch's big-truck turnaroundAfter Mercury's demise, South Carolina Ford-Lincoln dealer O.C. Welch had to find a way to replace lost revenue. He decided to load up on Super Duty pickups – and sell them online. Mon., June 17» Watch the Video |
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