Vehicle Sales

Mich. blocks Tesla's sales model by plugging loophole

2:19 pm U.S. ET | Oct. 21, 2014
Michigan Governor Rick Snyder signed a bill today that effectively bars Tesla Motors' direct-sales model in the state. While Tesla's model was already prohibited in Michigan, the wording of its franchise law left an opening that the automaker could potentially exploit as it has in Massachusetts, where dealers unsuccessfully tried to stop it from operating a store there. That potential loophole is now closed....
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Chinese auto market growth will slow to 5% this year, group says

Oct. 21, 2014 11:34 CET
China's vehicle sales will likely rise just 5 percent in 2014 to 23 million, according to the country's main auto association, which revised its growth forecast downward for the second time this year....
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WHO WANTS HYBRIDS?

Falling gasoline prices make alternative-fuel vehicles a tougher sell

12:01 am U.S. ET | Oct. 20, 2014
For a sign of the challenges in selling fuel efficiency as a virtue, Tanner Hulette need only look at the signs near his dealership advertising gasoline for $2.70 a gallon. Hulette, general manager of Mechanicsville Toyota near Richmond, Va., said he's seeing higher demand for pickups and SUVs, and less interest in the Prius hybrid....
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918 Spyder nearly sold out, Porsche says

12:01 am U.S. ET | Oct. 20, 2014
Porsche's limited-run 918 Spyder is nearing sellout status. Production of the plug-in hybrid supercar's 918 promised units will end next July, and planned production is sold out through late March or early April, said Andre Oosthuizen, vice president of marketing for Porsche Cars North America Inc....
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CarMax's U-turn: A return to Web leads

12:01 am U.S. ET | Oct. 20, 2014
Used-car powerhouse CarMax has begun posting vehicle inventory again on AutoTrader.com and Cars.com after a 16-month hiatus. The shift underscores the challenge that new-car leader AutoNation faces in its effort to rely less on third-party lead sites....
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Porsche expects to hit U.S. sales goal early

12:01 am U.S. ET | Oct. 20, 2014
Porsche will meet its goal of selling 50,000 vehicles in the U.S. in 2015 -- three years earlier than originally envisioned, says Andre Oosthuizen, the brand's top U.S. marketing executive. "We would foresee 2015 would definitely be the year to surpass that threshold."...
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Jeep first U.S. brand to crack Top 10 in Japan's Car of Year Award

9:51 am U.S. ET | Oct. 16, 2014
Jeep has made history by becoming the first brand from the United States to crack the top 10 in this country's Car of the Year Award. The honor came down this week for the Jeep Cherokee, which was tapped as one of the 10 Best Cars for 2014-15. It was a first for any American nameplate....
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THE GM RECALL

GM sued for $10 billion over losses on 27 million recalled cars

1:43 pm U.S. ET | Oct. 15, 2014
General Motors was hit with its biggest lawsuit so far over serial recalls, brought on behalf of drivers of 27 million vehicles seeking more than $10 billion in compensation for fallen car prices....
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GM's Q3 global vehicle sales up 2% on strong China, U.S. demand

10:43 am U.S. ET | Oct. 15, 2014
General Motors' global sales rose 2 percent in the third quarter, driven by strong demand in the two largest auto markets in the world, China and the United States....
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Pickups defy fall in used-vehicle prices

1:59 pm U.S. ET | Oct. 10, 2014
In September, overall used-vehicle prices fell for the fifth month in a row, but prices of used pickups rose sharply. It’s all part of a healthy overall market, said Tom Webb, chief economist at auction giant Manheim....
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NADA economist doubts sales over 17 million will last

1:09 pm U.S. ET | Oct. 10, 2014
New light-vehicle sales will top 16 million units annually in the United States at least until 2018 but won't reach the heights some forecasters -- and automakers -- are anticipating, predicted Steven Szakaly, chief economist of the National Automobile Dealers Association....
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Tesla's trump card? Used cars

12:01 am U.S. ET | Oct. 6, 2014
Tesla is developing a program to sell the Model S secondhand in a bid to lower the cost of entry for the $71,070 sedan and unlock the earnings potential of Tesla's factory-owned retail network....
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Test offers off-lease Toyotas

12:01 am U.S. ET | Oct. 6, 2014
Toyota Financial Services is testing a program that offers off-lease vehicles for sale to dealers outside its franchise network while the vehicles are still sitting on the lots of Toyota and Lexus dealers that accepted the vehicles....
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ANALYSIS

Fiat needs more than the 500 to revive core brand

Oct. 5, 2014 12:49 CET
The Fiat brand had little to display at the Paris auto show besides the 500X. Analysts are concerned that Fiat Chrysler CEO Sergio Marchionne is neglecting the brand, which still accounts for a large chunk of sales....
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Volvo sales rise 9% in September

Oct. 3, 2014 15:12 CET
Volvo's global vehicle sales rose 9 percent in September on the back of growth in Europe, the United States and China....
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Mercedes tops BMW in monthly luxury sales

5:00 pm U.S. ET | Oct. 1, 2014
Mercedes-Benz's record September in the United States was enough to top the BMW brand in the luxury sales race, but BMW held a small lead for the first nine months of the year....
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Canadian sales drive toward record

2:51 pm U.S. ET | Oct. 1, 2014
Auto sales in Canada headed toward an all-time annual high after a number of automakers broke September sales records....
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PSA leads 6% gain in French car sales in September

Oct. 1, 2014 10:56 CET
PSA led a 6 percent gain in French car sales last month as registrations at the automaker jumped 17 percent. Sales were also boosted by an extra selling day, the CCFA industry association said....
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Ford sets high 2020 sales goal while Europe remains a drag

Sept. 30, 2014 09:54 CET
Ford targets boosting its global vehicle sales by 52 percent to 9.4 million annually by 2020 as the automaker looks to fast-growing Asian markets to offset the poor-performing regions of Europe and South America....
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AutoGrade schools the auction industry

12:01 am U.S. ET | Sept. 29, 2014
Adopted by the nation's largest auction companies and endorsed by NAAA, AutoGrade is an electronic vehicle-condition reporting system that is being touted as a way to reduce human error and subjectivity when describing vehicle condition and damage....
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CarMax reports double-digit increases in Q2 revenue, profit

8:19 am U.S. ET | Sept. 23, 2014
CarMax Inc., the largest U.S. used-car retailer, reported a 11 percent rise in quarterly revenue as easier availability of credit boosted car sales....
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Honda, GM crack down on certified-used rule benders

12:01 am U.S. ET | Sept. 22, 2014
Honda and GM, among others, are closely monitoring dealerships' compliance with certified used-vehicle programs -- and cracking down on rule breakers....
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LETTER TO THE EDITOR

Time to step up online CPO game

12:01 am U.S. ET | Sept. 22, 2014
The pressure to maintain new-vehicle sales increases the allure of incentives, which drive lower used-vehicle prices....
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3rd parties see their role sticking around

12:01 am U.S. ET | Sept. 22, 2014
Third-party online shopping sites are likely to continue influencing auto shoppers for the foreseeable future, despite pledges by dealership groups such as AutoNation Inc. to rely less on them for prospects, two new studies say....
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Europe auto sales rose 2% in August as region's recovery slows

Sept. 17, 2014 08:43 CET
European car sales rose 2 percent in August but a heavy reliance on incentives in Spain and a fall in sales in Germany, France and Italy are signs that the region's recovery may be faltering, analysts and executives said....
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Special Report
No. 1 store empowers, retains employees

No. 1 store empowers, retains employees

Texas dealer Greg May encourages his staffers to provide input and solve problems on their own. Mon., October 20
» Watch the Video
     
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