Store expects its used-car leasing to growMon, 25, Jul 2016
Dealer Wes Lutz took used-vehicle leasing into his own hands. He offers his customers leases on late-model used cars and trucks that, in some cases, can cut payments in half compared with purchasing a new vehicle of the same make and model.
Trucks drive Nissan, FCA, Ford, Honda as industry rebounds with 2.4% gain; GM, Toyota fallFri, 01, Jul 2016
Nissan, Ford, FCA and Honda, riding strong truck demand, posted solid sales gains in June as the U.S. auto industry rebounded from a May slump. But the SAAR came in at 16.68 million, well below May's 17.46 million rate and lower than the consensus forecast of 17.2 million. Automakers are counting on low interest rates, stable fuel prices, rising wages and near-full employment to counter some headwinds and continue driving sales in the second half.
Hyundai, Kia post small gains and large; records for bothFri, 01, Jul 2016
Both Kia and Hyundai set June sales records with help from crossovers. Kia sales rose 16 percent last month, while Hyundai sold nine more vehicles than in the year-earlier period.
CR-V, Ridgeline help generate Honda's record light-truck volume; Acura slumpsFri, 01, Jul 2016
American Honda's U.S. sales rose 3.2 percent in June as the strength of light trucks at the Honda brand helped counter a 27 percent drop at Acura.
VW brand pain continues, another record for AudiFri, 01, Jul 2016
Volkswagen of America posted its lowest June sales since 2010 while luxury sibling Audi notched another monthly record on surging crossover sales last month.
Inventory, ads, incentives propel Nissan to 13% gainFri, 01, Jul 2016
Nissan Division sales rose 13 percent to a June sales record of 129,495 units, thanks to an effort to improve the way Nissan dealers stock inventories.
BMW outsells Mercedes, Lexus as luxury race tightensFri, 01, Jul 2016
BMW outsold Mercedes-Benz and Lexus last month in the U.S. as all three of the market's largest sellers of luxury autos ended the first half behind their year-earlier totals.
Ford's F-series overcomes GM ad blitzFri, 01, Jul 2016
Sales of the Ford F series surged 29 percent last month in the face of a bitter Chevrolet ad campaign attacking the F-150's aluminum body as too fragile. The rest of Ford Motor Co.'s lineup posted a 0.8 percent decline from June 2015, with car volume dropping 12 percent.
Tight supplies dent Toyota's truck tally as volume falls 5.6%Fri, 01, Jul 2016
Toyota Motor Sales USA's June sales fell 5.6 percent to 198,257 units, dragged down by a slide in Toyota brand's sales of both cars and light trucks. Truck sales were hurt by availability issues, which company executives said are being addressed.
Jeep, Ram drive another gain for FCA as cars collapseFri, 01, Jul 2016
Continued strong pickup and SUV sales boosted Fiat Chrysler's sales 6.5 percent in June, despite a collapse in the automaker's car sales.
Fewer rental shipments lead GM to 1.6% dropFri, 01, Jul 2016
General Motors' June sales slipped 1.6 percent amid a continued reduction in shipments to daily rental operators. GM said it sold 255,210 light vehicles last month, which included 5,690 fewer rental units vs. a year earlier. Had rental deliveries been equal to last year, GM's overall sales would have been flat.