Vehicle Sales

Spring sales thaw spawns optimism for full year

12:01 am U.S. ET | April 21, 2014
Sales thawed out in March and early April after the frigid winter, and auto executives at the auto show in New York City were optimistic about the rest of the year. They see growing consumer confidence and strong demand for pickups and crossovers.... Read More »

 

Manufacturers brace for the used-car flood

12:01 am U.S. ET | April 21, 2014
A projected increase in the supply of used vehicles will be good news for U.S. dealers who have been battling a lingering effect of the recession. But it will be a double-whammy for new-car buyers: lower value on their trade-ins and less-attractive lease terms.... Read More »

 

What can industry do to boost leases, residuals?

12:01 am U.S. ET | April 21, 2014
Interest rates, gasoline prices, unemployment and natural disasters are among the unpredictable forces that have an impact on the economy. In turn, the economy has an impact on leasing.... Read More »

 

What's powering market? Off-lease surge, says Webb

12:01 am U.S. ET | April 21, 2014
What's driving new-vehicle sales in 2014?... Read More »

 

GM recalls have had no 'measurable impact' on sales, Ammann says

1:03 pm U.S. ET | April 20, 2014
Citing his company's 4 percent sales gain in March and a "decent start" for sales in April, General Motors President Dan Ammann said the company's ignition switch recall has had no "measurable impact" on sales.... Read More »

 

LARRY P. VELLEQUETTE

Ohio man's collection of '36 Fords going to auction

12:01 am U.S. ET | April 19, 2014
As a young man, Emery Ward Jr. fell in love in 1936 -- with a Ford. He never got over the attraction. In fact, the older he got, the more it intensified.... Read More »

 

AutoNation says Q1 net income rose 15% to $95.1 million

7:11 am U.S. ET | April 17, 2014
Despite 10 weeks of problematic winter weather to start the year, a late March rebound in dealership traffic helped drive AutoNation's net income 15 percent higher in the first quarter of 2014 from the year-earlier period, the company said today.... Read More »

 

Economists: Global GDP growth on the rise, but BRICs disappoint

11:14 am U.S. ET | April 15, 2014
The global economy will do “fairly well” in the coming years, with the United States economy leading the way, while Europe “has turned a corner,” a leading economist said.... Read More »

 

Mercedes dealers in U.S. could be overwhelmed by wave of off-lease vehicles, remarketing boss says

6:18 pm U.S. ET | April 14, 2014
Mercedes-Benz USA expects its dealership network to be overwhelmed by a tsunami of off-lease vehicles at some point, forcing the brand increasingly to sell those vehicles through non-Mercedes dealers.... Read More »

 

New-vehicle sales driven by off-lease volume, Manheim analyst says

7:42 am U.S. ET | April 8, 2014
New-vehicle sales increases are being supported by consumers returning to the market as their vehicle leases expire, not just pent-up demand from the recession years, said Tom Webb, chief economist at Manheim.... Read More »

 

GM dealers field calls, manage inventory while waiting for recall parts

4:12 pm U.S. ET | April 8, 2014
General Motors estimates repairs to 2.6 million small cars affected by a massive recall will not start until next week -- not this week as originally expected. Some dealers are fielding dozens of calls daily from customers wanting to know when their car will be fixed.... Read More »

 

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

How PSA lured Tavares

April 7, 2014 06:01 CET
Carlos Tavares' disclosure that he didn't want to remain No. 2 at Renault got him fired, but it also got him what he wanted: the chance to be CEO of a major global automaker.... Read More »

 

March sales were even better than they looked

12:01 am U.S. ET | April 7, 2014
Retail sales rose 7 percent to overcome a 1 percent decline in fleet volume. And after starting almost as cold as January and February, March's sales pace accelerated in the final two weeks to finish at a seasonally adjusted annual selling rate of 16.4 million, the second highest monthly SAAR since 2007.... Read More »

 

Q1 TALLY

2014's hot and not-so-hot brands, models, segments

12:01 am U.S. ET | April 7, 2014
By the numbers: A look at some of the hot and not-so-hot models, brands and segments during the first quarter of 2014.... Read More »

 

AutoNation reports 6% March volume increase, best-selling Q1 since 2007

12:02 pm U.S. ET | April 2, 2014
AutoNation said today its new-vehicle retail sales in the United States rose 6 percent in March from a year earlier to 28,796 units.... Read More »

 

BMW’s March surge narrows Mercedes’ U.S. luxury sales lead

3:56 pm U.S. ET | April 1, 2014
The BMW brand posted its best March sales ever in the United States, helping the luxury automaker shrink Mercedes-Benz’s 2014 lead.... Read More »

 

Prices of GM used cars unhurt by recall

12:01 am U.S. ET | March 31, 2014
Wholesale prices of General Motors vehicles with faulty ignition switches are unscathed by the highly publicized recall of the vehicles, analysts say. That's because the recalled 1.6 million 2003-07 small cars are valued at about $2,000 to $5,000 each in the wholesale market so there is little room for the prices to fall.... Read More »

 

NAAA, National Remarketing conferences to join in 2016

1:14 pm U.S. ET | March 24, 2014
The annual National Auto Auction Association convention and the National Remarketing Conference will merge into a single event in 2016.... Read More »

 

Analysts: No surge in March sales yet

12:01 am U.S. ET | March 24, 2014
Looking at U.S. sales through the first half of March, forecasters don't see a surge in sales strong enough to rescue first-quarter results.... Read More »

 

Hertz adjusts fleet, eyes more retail lots

12:01 am U.S. ET | March 24, 2014
Hertz Global Holdings has brought its rental fleet closer in line with demand and expects to sell more retired vehicles directly to consumers at company-owned dealerships, CEO Mark Frissora said.... Read More »

 

Shoppers' search priority? Color, not price

12:01 am U.S. ET | March 24, 2014
Car dealers commonly believe that shoppers on their Web sites first look for vehicles based on price. Wrong, says research by Cobalt, a major provider of dealer Web sites and other digital services. Shoppers first search by color, Cobalt says.... Read More »

 

Auction school for dealers

12:01 am U.S. ET | March 24, 2014
ADESA Inc. has mobilized as many as 300 employees to teach dealers, in some cases one-on-one, how to buy used vehicles on its adesa.com online platform, the top executive at ADESA's parent company says.... Read More »

 

Recession's lessons boost used-car sales

12:01 am U.S. ET | March 24, 2014
Mike Cimino, vice president of Phil Long Dealerships in Colorado Springs, Colo., says his group has made a lot of changes in the way it runs its used-vehicle department in recent years.... Read More »

 

VW, DealerMatch create dealer marketplace online

12:01 am U.S. ET | March 24, 2014
Volkswagen of America and a Manheim corporate sibling have developed an online marketplace for VW dealers to buy and sell used vehicles among themselves for a flat monthly fee.... Read More »

 

Cold weather dents U.S. sales forecast for 2014

10:45 am U.S. ET | March 20, 2014
Industry consultants LMC Automotive and JD Power said they cut their joint 2014 forecast for auto sales in the United States to adjust for slow sales in January and February due to cold weather. The forecasters estimated that sales would be 16.1 million this year, down from their previous forecast of 16.2 million.... Read More »

 

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