Vehicle Sales

FROM HANDICAP TO HANDY SOLUTION

Ghosn: Nissan will fill gaps with Japanese imports

12:01 am U.S. ET | Nov. 24, 2014
As Nissan Motor Corp. pushes to boost U.S. market share and cut reliance on Japanese imports, it's clear which goal takes priority: selling more vehicles. Even if it takes more imports to do it. Nissan CEO Carlos Ghosn says the devalued yen has made his Japanese plants an acceptable solution to augment North American production as the company stretches for a 10 percent U.S. market share....
Read More »

 

Structural damage or fender bender?

12:01 am U.S. ET | Nov. 24, 2014
TrueFrame will inspect any vehicle, at a dealership's request, that has an accident on its history report. TrueFrame issues its own report if the vehicle passes its cosmetic and structural standards. The TrueFrame report is sent to the dealership that requested it and to vehicle history reporting companies such as Carfax Inc., which has agreed to link TrueFrame reports to its vehicle history reports....
Read More »

 

Next phase of multiplatform sales? Hold your horses

12:01 am U.S. ET | Nov. 24, 2014
Remarketers, auto dealers and others had hoped to hear at a remarketing conference this month about when the next stage in online multiplatform auction selling would arrive. But when Jay Cadigan, who represents Manheim in conversations with other key players hammering out details of the initiative, was asked about its timeline, he demurred....
Read More »

 

Two-car households will decline, KPMG report predicts

12:01 am U.S. ET | Nov. 22, 2014
Two-car households may be on the decline as urbanization increases, but they are far from disappearing, a KPMG report said this week....
Read More »

 

Hertz hires airline veteran Tague to revive company

12:12 pm U.S. ET | Nov. 21, 2014
Hertz Global Holdings named John Tague as its new CEO, appointing the manager credited with boosting sales at United Airlines to restore investors' confidence in the car-rental company plagued by an aging fleet and sloppy accounting....
Read More »

 

LOS ANGELES AUTO SHOW

Fiat expects new crossover to outsell 500 minicar in U.S.

Nov. 20, 2014 11:11 CET
Fiat expects its Fiat 500X SUV to be even more popular in North America than its retro-styled 500 minicar as it appeals to customers seeking a larger car with the option of four-wheel drive....
Read More »

 

ARLENA SAWYERS

Popping the subprime bubble myth

12:01 am U.S. ET | Nov. 19, 2014
There is no subprime auto loan bubble, darn it. That message came through loud and clear in session after session during the recent Used Car Week conference sponsored in Las Vegas....
Read More »

 

Volvo Cars plots U.S. resurgence with model overhaul

10:00 am U.S. ET | Nov. 19, 2014
Chinese-owned Volvo Car Group said today a sweeping overhaul of its model range over the next five years would propel its long-suffering sales volumes in the United States back above 100,000 cars per year....
Read More »

 

GM getting positive reviews on Wall Street despite record recalls

8:51 am U.S. ET | Nov. 19, 2014
If relative value means anything, GM may be the best buy in the auto industry. That, at least, is the consensus of bullish analysts, who are extolling the highest-quality vehicles in decades and operating margins to go with them, even as GM suffers a record recall of cars....
Read More »

 

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....
Read More »

 

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....
Read More »

 

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....
Read More »

 

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....
Read More »

 

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....
Read More »

 

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....
Read More »

 

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....
Read More »

 

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....
Read More »

 

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....
Read More »

 

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...
Read More »

 

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....
Read More »

 

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....
Read More »

 

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....
Read More »

 

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....
Read More »

 

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....
Read More »

 

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....
Read More »

 

Latest digital edition
Digital Edition Archive
Table of Contents
 Automotive News
Special Report
How 3 dealerships are connecting with tech-savvy shoppers

How 3 dealerships are connecting with tech-savvy shoppers

Three dealers have found ways to forge bonds with car shoppers who are short on time and long on Web smarts. A Honda store has mobilized a young sales team hired from Starbucks and Best Buy. Mon., November 17
» Watch the Video
     
News by Brand