Sales

Recalls have little to no impact on residual values, study says

5:16 pm U.S. ET | Aug. 21, 2014
Recalls have almost no effect on vehicle depreciation rates, a new study found. Even widespread recalls that generate sweeping publicity had little to no effect on residual values, which represent the value of a used vehicle. The study comes as the U.S. auto industry will set a record in 2014 for vehicle recalls....
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Russia will consider support for car market, reports say

Aug. 20, 2014 10:13 CET
Russia will consider taking measures aimed at supporting the auto market, news agencies quoted Prime Minister Dmitry Medvedev as saying. Car sales in Russia fell 23 percent in July as consumers worry about the impact of the Ukraine crisis....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Bosch, Faurecia, ZF grow in 2013; combined Europe sales for top 30 rise 7%

Aug. 20, 2014 06:01 CET
Europe's biggest suppliers rebounded last year as the region showed signs of recovery in the final months of 2013. Overall 2013 European sales by suppliers in the top 30 increased by 7 percent to $183.5 billion compared with the year before....
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Honda's Mendel says U.S. sales 'near top,' warns market may suffer from 'stupid things'

1:30 pm U.S. ET | Aug. 19, 2014
Auto sales in the United States are approaching the highest levels that the market can sustainably support and could suffer long-term damage as automakers increasingly turn to subprime financing and seven-year loans to boost market share, the top sales executive at American Honda warned today....
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NICK BUNKLEY

Why Honda's John Mendel wants customers to buy a Treasury bond on wheels

3:28 pm U.S. ET | Aug. 19, 2014
Jittery stock market? Honda's John Mendel wants you to take your money out of Google, Apple and Tesla -- and put it in Hondas. Not Honda stock. Actual Hondas. They're like Treasury bonds on wheels, with cupholders....
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Dutch car sales likely to fall to 45-year low, industry group says

Aug. 19, 2014 13:36 CET
Dutch car sales will likely fall to their lowest level since 1969 this year as sluggish economic recovery and weak consumer confidence hit demand, automotive industry consultancy group Aumacon says....
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Outside companies make inroads with inventory software

12:01 am U.S. ET | Aug. 18, 2014
Independent automotive software companies have begun to recognize the potential for inventory management analytics and now offer their own tools, with a price tag attached....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Ford Store borrows from Apple in bid to move brand upscale in Europe

Aug. 18, 2014 06:01 CET
Ford is the latest automaker to borrow ideas from tech giant Apple. The automaker is rebranding 500 European dealerships as Ford Stores ahead of launching its new Vignale premium trim line....
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China finds Mercedes guilty of price fixing, report says

Aug. 18, 2014 10:53 CET
Mercedes has been found guilty of manipulating prices for aftersales services in China, the official Xinhua news agency reported. Foreign automakers have been under scrutiny in China amid reports by state media that they are overcharging consumers....
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Russia may ban car imports if West applies new sanctions, report says

Aug. 18, 2014 11:54 CET
Russia may ban car imports if the West applies additional sanctions on Moscow over its involvement in Ukraine, a daily newspaper reported....
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PRICE WATCH

Falling used-vehicle values threaten recovery

12:01 am U.S. ET | Aug. 18, 2014
The long-awaited decline in used-vehicle prices has finally arrived, only it may turn out to be steeper drop and a bigger threat to the overall market than almost anyone expected....
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EDITORIAL

Slowdown ahead?

12:01 am U.S. ET | Aug. 18, 2014
Five years into a long, steady auto sales recovery, economists and forecasters are seeing darker clouds on the horizon....
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POWERING FORWARD

Porsche's record sales could endanger exclusivity, tech leadership

12:01 am U.S. ET | Aug. 16, 2014
Sales are surging, but some industry watchers worry emphasis on volume could rob the brand of exclusivity and increase the danger of quality problems....
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Audi, Mercedes gain on BMW in global sales race

Aug. 15, 2014 06:01 CET
Audi and Mercedes are closing in on global premium sales leader BMW as the race between the three tightened last month....
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Jobs growth slows at Japanese auto plants in U.S.

12:25 pm U.S. ET | Aug. 15, 2014
Japanese automakers and their suppliers added jobs in the United States at a slower pace in 2013 than in 2012, as they continued to expand in Mexico and elsewhere to reduce the impact of currency fluctuations....
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Ford, Chevy dangle new deals as U.S. sales, share lag

5:15 pm U.S. ET | Aug. 14, 2014
Ford and Chevrolet are getting a jump-start on summer clearance deals to spur sluggish U.S. sales and stem market-share losses. The two top-selling brands in the United States have launched Labor Day and summer promotions offering 0 percent financing for 72 months across wide swaths of their lineups. Chevy is sweetening the deal with 90 days of deferred payments on some of its most popular nameplates....
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Manheim enters Brazil with acquisition of auction company CarBizz

2:51 pm U.S. ET | Aug. 13, 2014
Manheim, the largest auto auction company in the United States, has expanded its global operations into South America with the acquisition of Brazilian auction company CarBizz....
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UK dealer Lookers expects record full-year profit

Aug. 13, 2014 09:25 CET
Britain's fourth-largest car dealer, Lookers, expects to post a full-year pretax profit of more than 60 million pounds (75 million euros) after record sales lifted its pretax profit by 36 percent in the first half....
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Skoda sales rise 19% in July

Aug. 13, 2014 10:25 CET
Skoda said today its global sales in July rose 19 percent to 82,800 units, the most ever for that month and biggest monthly increase so far this year....
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GM hails Opel dealership take-up in European turnaround plan

2:37 pm U.S. ET | Aug. 12, 2014
General Motors' European transformation is gathering pace, with the vast majority of its former Chevrolet dealers in the region now selling only Opel-branded vehicles to boost the once-flagging brand, the automaker said today....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

BMW, others lead shake-up of once-closed Korea

Aug. 11, 2014 06:01 CET
Korean automakers may threaten the global dominance of automakers such as Volkswagen and Toyota, but they are losing ground at home to foreign brands -- especially premium automakers such as BMW and Mercedes....
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Jaguar Land Rover helps parent Tata triple Q1 profit

Aug. 12, 2014 01:20 CET
Jaguar Land Rover's surging vehicle sales and rising profit helped parent Tata Motors triple its first-quarter net income. JLR's pre-tax profit more than doubled to 924 million pounds (1.2 billion euros) during the quarter....
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Stocks stay on target -- with help

12:01 am U.S. ET | Aug. 11, 2014
With a little help from increased incentives, automakers kept U.S. inventories at near-ideal levels to start August....
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Why fleet sales soared in July

12:01 am U.S. ET | Aug. 11, 2014
How did total July U.S. light-vehicle sales rise 9 percent?...
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Nissan closes U.S. sales gap with Honda with stylish designs, discounts

12:01 am U.S. ET | Aug. 10, 2014
Nissan, thanks to the launch of models that are getting high marks for styling, its wider range of vehicles and aggressive discounting, is catching up with Honda. In the next couple of years it could easily pass its rival in U.S. car sales for the first time since 1987....
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