Vehicle Sales

Lexus jumps 19% for first monthly luxury win in almost a year

4:12 pm U.S. ET | Aug. 1, 2014
Lexus hasn't chased other luxury brands down-market with a sub-$30,000 car like the Mercedes-Benz CLA, yet Toyota's premium brand topped Mercedes and BMW in July for its first monthly sales win since August 2013....
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GM sales rise 9% on robust commercial-fleet sales, SUV demand

1:03 pm U.S. ET | Aug. 1, 2014
A jump in sales to commercial customers and stout demand for the redesigned GMC Yukon, Chevrolet Tahoe and other trucks propelled General Motors' July sales up 9 percent from a year earlier....
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Millennials top Gen X in new-car buying for first time

3:35 pm U.S. ET | Aug. 1, 2014
Millennials during the first half of the year surpassed Gen X in new-car purchases for the first time, signaling a growing transition in consumer preferences of affordability and sustainability over utility....
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Penske Q2 net income rises 18% on strong gains in all segments

7:30 am U.S. ET | July 30, 2014
Penske Automotive Group's second-quarter net income rose 18 percent from the year-earlier period on higher new- and used-vehicle unit sales....
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YANG JIAN

VW, Ford, Nissan eye China's entry-level market

4:35 am U.S. ET | July 28, 2014
Global automakers have long been reluctant to sell cheaper vehicles in China as they seek to protect their healthy profit margins. But now foreign automakers are moving into China's entry-level segment in a quest for market share....
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Honda pushes dealers for buyers' signatures on airbag liability

12:01 am U.S. ET | July 28, 2014
"I understand that if this used car I'm buying is in a crash, the airbag could kill me." That's the gist of a document that American Honda Motor Co. wants its dealers to require buyers of certain 2001-11 used Honda and Acura vehicles to sign....
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Auction Broadcasting sites get makeovers

12:01 am U.S. ET | July 28, 2014
Auction Broadcasting Co., expecting to increase its sales at least 20 percent in 2015, will improve seven of its eight auction sites in various ways by year end. Jason Hockett, president of the Indianapolis auction company, says the improvements include drive-thru photo booths and new or expanded reconditioning centers and body shops....
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Certified-used sales fall in June, expected to rise for year

12:01 am U.S. ET | July 28, 2014
Sales of certified used vehicles slipped in June for the first time in a year and a half. But analysts still predict certified sales will rise overall this year. Sales dipped 2 percent in June from a year earlier to 181,112, but still posted an 8 percent gain for the first half, to 1,133,588....
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Ford Q2 earnings rise on N.A. record, first European profit in 3 years

6:45 am U.S. ET | July 24, 2014
Ford posted a second-quarter pretax profit of $2.6 billion, bolstered by a record performance in North America and its first quarterly profit in Europe in three years....
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GM sales surge despite recalls as Barra proves quality sells

9:10 am U.S. ET | July 23, 2014
General Motors' Mary Barra is projected to report her second straight quarter of rising sales, adding to evidence that the CEO is weathering the biggest wave of recalls in automotive history. Second-quarter revenue may rise 2.7 percent, the average of estimates compiled by Bloomberg....
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JIM HENRY

N.Y. Times story on subprime offers feds ammunition

12:01 am U.S. ET | July 23, 2014
A withering account of subprime auto lending in Sunday's New York Times reinforces bad stereotypes about used-car dealers, smears subprime lenders and their investors, takes out of context an increase in delinquencies and loan losses from record lows, and provides ammunition to auto finance industry critics in Washington....
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GM halts sale of some Cadillac CTS models over switch issue

7:24 pm U.S. ET | July 19, 2014
GM ordered Cadillac dealers to stop selling some versions of the CTS because the automaker does not have a fix yet for cars recalled in late June over an issue where engines can be shut off if the driver's knee bumps the ignition key....
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PSA's first-half car sales lifted by Europe and China

July 17, 2014 12:03 CET
PSA's first-half vehicle deliveries rose 6 percent, as a European recovery and Chinese expansion made up for a currency-driven sales collapse in the rest of the world....
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Sales staff gets more responsibility, higher pay

12:01 am U.S. ET | July 14, 2014
Sonic Automotive began preparing its staff for the transition to its One Sonic-One Experience initiative years ago when it launched its playbooks, or guides for how to sell used cars, new cars, finance and insurance products and so on....
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Used-vehicle prices soften, demand strong

12:01 am U.S. ET | July 14, 2014
Used-vehicle prices are beginning to soften as more units come off lease, but they remain above last year's levels and aren't depreciating as fast as in pre-recession days....
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Fleet outpaces retail in June

12:01 am U.S. ET | July 14, 2014
Fleet sales outpaced retail in June, countering a three-year trend toward greater retail volume. Among major automakers, fleet sales in June rose 6 percent while retail slid 1 percent....
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SPLIT PERSONALITY

Core buyers are aging, so Lexus courts youth with new, bolder products

12:01 am U.S. ET | July 12, 2014
Despite handicaps and setbacks, Lexus appears to be swinging into recovery mode with growing sales and younger buyers, thanks to a slew of new, bolder products....
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JIM HENRY

Why buy-here, pay-here is losing some turf

12:01 am U.S. ET | July 9, 2014
More consumers are passing up offers from buy-here, pay-here stores in favor of cheap financing by some franchised new-car dealerships, one giant used-car retailer says....
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Retail demand, favorable credit keep wholesale used-vehicle prices high

4:29 pm U.S. ET | July 8, 2014
Wholesale prices of used vehicles in June fell 1 percent from the previous month’s level but were 4 percent higher than in June 2013, according to the Manheim Used Vehicle Value Index released today....
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BY THE NUMBERS

U.S. sales halftime report

12:01 am U.S. ET | July 7, 2014
A look at some of the hot and not-so-hot models, brands and segments during the first half of 2014....
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A super SAAR and signs of a stellar second half

12:01 am U.S. ET | July 7, 2014
Halfway through 2014, automakers are on pace to post full-year sales totaling 16.22 million vehicles, the most since 2006. And they are doing so with record transaction prices, lower incentives and about 4,000 fewer retailers than the last time demand was this high....
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AutoNation says new-car sales up 1% in June

1:36 pm U.S. ET | July 2, 2014
AutoNation said today its new-vehicle retail sales inched up 1 percent in the United States through June to 25,450 units -- the company’s best-selling June since 2007. AutoNation’s results in June matched the overall industry’s 1 percent rate....
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German car market slows as France, Spain, Italy continue recovery

July 1, 2014 15:43 CET
French, Spanish and Italian car sales rose in June while the German market slowed down, held back by fewer working days as the European market rebound remained intact....
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GM sales solid despite recalls, but Chevy falls

12:23 pm U.S. ET | July 1, 2014
GM remains relatively unscathed in the showroom from its unprecedented recall crisis, as sales rose 1 percent last month to the company's strongest June in seven years....
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BMW holds U.S. luxury segment lead over Mercedes, Lexus

5:24 pm U.S. ET | July 1, 2014
BMW won the June luxury sales crown in the United States and widened its lead over Mercedes and Lexus during the first six months. Last month, BMW sold 30,201 vehicles, a 12 percent increase, helped by the 5-series sedan, which surged 77 percent to 7,940 deliveries. Mercedes rose 8.6 percent to 26,506, helped by a 25 percent gain to 6,500 for the E-class sedan....
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