Industry's sales record streak to end in 2016?Thu, 30, Jun 2016
A newly released report from AlixPartners forecasts U.S. light-vehicle sales of 17.5 million in 2017 -- down slightly from this year's 17.8 million forecast. The consulting firm expects U.S. sales to bottom out at 15.2 million vehicles in 2019.
Porsche CEO expects boost from retooled PanameraWed, 29, Jun 2016
Porsche expects the retooled, second-generation Panamera to give a boost to the weakest performing model in its portfolio. Porsche is targeting luxury car buyers with a sportier, sleeker version of the four-door coupe-styled sedan that lands in U.S. dealerships early next year.
These guys want your used-vehicle sales, profitsMon, 27, Jun 2016
Beepi. Shift. Carvana. Vroom. Don't let the clever names fool you. These tech start-ups aim to take a bite out of the used-vehicle retail industry's lunch.
Vroom will make cash offers to private sellers on eBayWed, 29, Jun 2016
Online veteran eBay and online upstart Vroom have teamed up to pilot a program that will give eBay customers another option to sell their vehicles for cash and Vroom another way to source vehicles for its used-car operations.
Brexit may cost carmakers 2.8 million global sales, IHS saysWed, 29, Jun 2016
The UK's vote to leave the EU may cost automakers about 2.8 million light-vehicle sales worldwide through 2018, researcher IHS Automotive said. The UK is expected to be hit hardest. Instead of expanding 3.2 percent this year, the UK may grow by just 1 percent followed by declines in the next two years.
U.S. June sales expected to rise, but slower demand, higher incentives concern analystsMon, 27, Jun 2016
Halfway through 2016, U.S. new-vehicle sales remain on pace to set a second consecutive annual record, but analysts say they're concerned about slowing retail demand and rising incentives. June sales are expected to rise about 5 percent from a year ago, according to analysts at TrueCar, LMC Automotive and Kelley Blue Book.
Aston Martin's financial losses nearly doubleMon, 27, Jun 2016
Aston Martin made a pre-tax loss of 127.9 million pounds in 2015, the fifth consecutive year the company has failed to make a profit, as the number of cars it sold fell and as it invests in expansion. Last year, the automaker reported a pre-tax loss of 71.8 million pounds.
U.K.-EU breakup threatens a key market and profit centerSun, 26, Jun 2016
The United Kingdom's stunning decision to abandon the European Union could slash automakers' profits by billions of dollars and cut new-vehicle sales by nearly a million units over the next three years, analysts warned.
Fixing Cadillac's problem childMon, 27, Jun 2016
Cadillac is trying to breathe new life into the ATS compact sedan through a series of price and trim-package adjustments for the 2017 model year.
Penske, Group 1 assess the damageMon, 27, Jun 2016
Penske Automotive and Group 1 Automotive took an immediate stock-price hit in the wake of Britain's vote to exit the European Union. Earnings will suffer from a collapsing British pound. But the longer-term impact remains unclear.
Video marketing targets in-store customersMon, 27, Jun 2016
Zamora Automotive Group's Honda of Superstition Springs uses customized programming delivered to 24 screens throughout the dealership to get its marketing messages to customers in the store.
CarMax quarterly earnings slide 3.6% despite revenue gainTue, 21, Jun 2016
CarMax's latest quarterly earnings slid 3.6 percent, dragged down by expenses related to store openings, share-based compensation and hail damage to vehicles at the company's stores in Texas.