Vehicle Sales

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 market slows down in June

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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INSTANT GRATIFICATION

Until Macans arrive, buyers offered short leases on other Porsches

12:01 am U.S. ET | June 30, 2014
U.S. buyers of the new Porsche Macan, which went on sale in May, face a wait of more than six months for delivery. So the company is trying to keep potential Macan buyers happy by putting them in other Porsches during the wait....
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U.S. SALES PREVIEW

Fields ready to prove Lincoln worth saving with MKC

9:00 am U.S. ET | June 30, 2014
As Ford makes its boldest bid yet to lure younger buyers to its laggard Lincoln line, incoming CEO Mark Fields has a chance to show he has the turnaround touch of predecessor Alan Mulally....
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GABE NELSON

GM recall blitz spotlights used-car sales loophole

12:01 am U.S. ET | June 30, 2014
Used-car retail giant CarMax has dozens of Cobalts and Ions listed for sale that haven't had their switches replaced, GM's online VIN database shows. And this is perfectly legal....
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TrueCar to drop 75 franchisees in policy disputes

4:24 pm U.S. ET | June 26, 2014
TrueCar this month plans to drop up to 75 of its 8,000 participating franchisees for failing to honor price guarantees made to car buyers or for other violations of TrueCar policies, President John Krafcik said today. TrueCar also will launch a new app in the coming days that allows consumers to take photos of their trade-in vehicles and seek a price for the vehicles from competing dealers in the TrueCar network, Krafcik said....
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Want to relive the 1990s? Just hit the road

12:01 am U.S. ET | June 23, 2014
You'd think the number of really old vehicles on the road would come down given all that "pent-up demand" that has been released in the past couple of years. Not so, according to Experian....
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Strong new-vehicle sales bode well for auctions

12:01 am U.S. ET | June 23, 2014
National Auto Auction Association member auctions increased their sales of used cars and trucks 4 percent to 8.2 million in 2013 as the number of vehicles entering their auctions increased 4 percent to 15.2 million....
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Auction companies think outside the block

12:01 am U.S. ET | June 23, 2014
Auction companies are crafting ways for large dealership groups to buy and sell used vehicles more efficiently online and off....
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Tesla could open factory in Europe, CEO Musk says

June 12, 2014 06:01 CET
Tesla will build a factory in Europe once sales of its cars reach 160,000 a year in the region, CEO Elon Musk said. The electric-car maker also plans to open a European r&d center "next year or the year after," Musk said....
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Special Report
Fewer bosses, Disney savvy, $2 idea lift stores

Fewer bosses, Disney savvy, $2 idea lift stores

A Chrysler Group dealership chain is stripping away layers of management to sell cars faster. A Chevrolet-Cadillac store is enchanting customers through Disney training. Mon., July 21
» Watch the Video
     
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