Skepticism surrounds China EV boomSun, 01, May 2016
No one said electrifying China's auto market would be easy. But even as automakers flood the nation with new eco-models and the government pushes generous incentives, there remains much skepticism about the country's ballyhooed EV boom.
China: A maturing auto market that still has long road ahead of itMon, 02, May 2016
The Chinese market is fascinating, but it shows you how sophisticated our dealers are here in the U.S. If it's like everything else over there, they'll catch up quickly.
GM China sees strong growth for luxury models and EVsThu, 28, Apr 2016
Chinese consumers' continued preference for luxury brands could help make that country Cadillac's largest global market in the next five to 10 years, the head of General Motors China said today.
April U.S. sales expected to rise 4% with SAAR of 17.4-17.6 millionWed, 27, Apr 2016
U.S. new-vehicle sales in April are projected to rise about 4 percent from a year ago, according to four forecasts, easing concerns that the market is weakening. After falling short of expectations in March, sales are on pace for one of the industry's best-ever Aprils, analysts said.
Germany to introduce $4,500 subsidy for buying an EVWed, 27, Apr 2016
Germany announced a plan today to invest about 1 billion euros ($1.13 billion) to promote electric cars, which will include subsidies of 4,000 euros ($4,524) for buyers of EVs and 3,000 euros for those choosing to purchase a plug-in hybrid.
VW passes Toyota as stoppages threaten 4-year global sales reignTue, 26, Apr 2016
Volkswagen pulled ahead of Toyota's global deliveries during the first quarter, as a series of production stoppages threaten the Japanese automaker's four-year reign atop auto industry sales charts.
Too many used cars? Lease themSat, 16, Apr 2016
To cope with an industrywide flood of 3.1 million off-lease vehicles returning to the market this year, some captives and other lenders are offering leases on used and certified pre-owned vehicles.
EchoPark will expand to Texas and the CarolinasSat, 09, Apr 2016
Sonic Automotive will break ground on about two dozen new EchoPark used-vehicle stores in Texas, North Carolina and South Carolina beginning late this year or early in 2017. It will be the first major expansion of the fledgling network of stores.
1 million used-sales year for CarMaxMon, 11, Apr 2016
CarMax Inc., for the first time in its history, sold more than 1 million used vehicles, retail and wholesale combined, in a single fiscal year. The used-vehicle retail specialist also said it expects to open 15 new stores in the fiscal year that began March 1.
Used-vehicle prices tumble for 3rd straight monthThu, 07, Apr 2016
Used-vehicle prices fell in March for the third consecutive month, with every vehicle segment taking it on the chin except pickups, according to the Manheim Used Vehicle Value Index.
Tesla deliveries miss forecast as `hubris' hurts SUV supplyMon, 04, Apr 2016
Tesla Motors Inc. shipped 14,820 vehicles in the first quarter, less than the 16,000 it had forecast in February, on the heels of surprisingly strong orders for the company's new, less-expensive model.
Hey! Keep eyes on big pictureMon, 04, Apr 2016
When similar monthly sales numbers start getting as monotonous as driving through west Texas, it's time to focus on the big picture.