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Shares of used-car retailer Carvana fell 26 percent below the company’s initial pricing in their Wall Street debut on Friday.
Volvo reported an 11 percent rise in first-quarter profit as strong demand for its XC60 and 90-series cars gave it a boost.
Asbury Automotive Group's first-quarter net income climbed 9.7 percent to $34 million on parts and service and finance and insurance gains, as revenue held flat.
Valeo's quarterly sales rose 22 percent to outpace global vehicle production in all regions as the French supplier reiterated its upbeat 2017 goals.
It's becoming increasingly clear that U.S. new-vehicle sales have passed their peak, with April expected to mark the industry's fourth consecutive monthly decline.
Hyundai posted a 21 percent fall in quarterly net profit, dragged down by a U.S. recall and sales declines in China stemming from political tensions.
New York's attorney general has reached legal settlements with 104 dealerships it identified as having sold vehicles without disclosing open safety recalls.
A glut of vehicles is threatening the industry's good times. But contrary to the predictions and pundits, it's not too many used vehicles. It's too many new ones.
China is targeting 35 million vehicle sales by 2025 and wants new energy vehicles to make up at least one-fifth of the total. Meanwhile, the government said it would loosen foreign JV regulations.
AutoNation's first-quarter net income rose 2.3 percent to $98.1 million on parts and service growth, while revenue inched up 0.4 percent to $5.14 billion.
The all-American vibe of Mustangs and Camaros is beginning to resonate in China -- even at twice the price.
High court rejects GM effort to block ignition-switch cases; Buick Avenir on Denali's path; BMW dealers seek more 5 series; What's behind used-car price drop; Driverless at Amazon?
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