FTC charges Sage Auto Group with deceptive, unfair sales and financingThu, 29, Sep 2016
The Federal Trade Commission today charged Sage Auto Group with using deceptive and unfair sales and financing tactics, including so-called “yo-yo” financing.
Nissan debuts 'revolutionary' new MicraThu, 29, Sep 2016
Nissan showed Paris auto show audiences a redesigned Micra subcompact today for Europe, but with implications for the U.S. as well. The Micra nameplate does not sell in the U.S., but the redesign signals where the next-generation Versa will go with technology.
U.S. auto sales expected to fall in Sept. for second straight monthThu, 29, Sep 2016
U.S. new-vehicle sales are projected to decline for a second consecutive month, even as incentive spending reaches a record high. The forecasts reinforce the notion that industry sales have leveled off after six consecutive years of gains coming out of the recession.
Tesla must make viable case to sell directly in Michigan, governor saysWed, 28, Sep 2016
Tesla Motors has yet to make a case for selling cars directly to Michigan consumers, according to Michigan Gov. Rick Snyder. In 2014, Snyder signed a bill explicitly banning the direct sale of vehicles to consumers. Despite the law, Tesla applied for a dealership license in Michigan but was denied on Sept. 15.
Toyota drops new diesel for C-HR crossoverThu, 29, Sep 2016
Toyota has decided not to sell a new diesel engine it is developing in its C-HR crossover because demand for the powertrain technology is falling.
Ferrari sells out open-top Aperta before public debutThu, 29, Sep 2016
Ferrari sold out an open-top version of the 1 million euro ($1.1 million) LaFerrari supercar before its public debut, underscoring the marque's allure even as the former unit of Fiat Chrysler widens its lineup with more affordable models.
Musk urges Tesla to adhere to 'no discount policy' for salesThu, 29, Sep 2016
Elon Musk, responding to concerns that Tesla Motors was straying from a long-held policy against discounting its cars, urged in an e-mail to employees that they adhere to a sales approach he called “fundamental to our integrity.”
Skoda CEO says U.S. launch not a priorityThu, 29, Sep 2016
Skoda may take another year before deciding whether to sells its cars in the U.S. Volkswagen Group's value brand plans first to enter the South Korean and Iranian markets next year.
U.S. dealerships' employee retention slides, study findsWed, 28, Sep 2016
U.S. car dealerships suffer from rampant employee turnover, an industry study released today found. In fact, the three-year employee retention rate at dealerships reached a new low last year, dropping two percentage points to 45 percent, vs. a 67 percent rate in the overall U.S. nonfarm private sector.
Dealer's hard line on recalls is costing himMon, 26, Sep 2016
At his Florida Toyota dealership, Earl Stewart implemented a hard-and-fast ban on selling used cars with unrepaired safety recalls. He won't even wholesale used cars with open recalls. It hasn't been easy.
Why does politics leave this industry so tongue-tied?Mon, 26, Sep 2016
For the third consecutive presidential election cycle, the automotive industry and its business practices have been thrust into the middle of a political fight.
Automakers' EV plans will challenge early pioneersWed, 28, Sep 2016
Electric-car pioneers including Renault, Nissan and Tesla are facing a challenge from their peers as EV concepts dominate the Paris auto show. Volkswagen Group's diesel scandal and falling battery costs have persuaded executives and investors that battery-powered cars are ready to go mainstream.