Vehicle Sales

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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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Premium automakers push into profitable niche segments in H1

Sept. 17, 2014 06:30 CET
Premium automakers are progressively pushing volume rivals out of profit-rich niches such as coupes and convertibles. In the first half, 67 percent of all coupes sold in Europe were from premium brands, up from 55 percent in 2013....
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VW boosts German brands' market share in China

Sept. 16, 2014 10:32 CET
VW Group's lead in China's compact sedan market this year has helped boost German automakers' share of the overall car market to 24 percent in July from 21 percent at the end of 2013....
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Automakers warm to the era of ride-sharing

12:01 am U.S. ET | Sept. 15, 2014
The rise of car-owning alternatives such as rental service Zipcar, and ride-summoning services including Uber and Lyft, is prompting automakers to embrace the idea that their mission is more about moving people than selling cars. Far from challenging the trend, they're rushing to capitalize on it....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Pendragon No. 1 in latest ranking of Europe's top independent dealer groups

Sept. 14, 2014 06:01 CET
UK car retailer Pendragon has topped Automotive News Europe's 2014 Guide to Europe's Biggest Dealers for the second consecutive year. The list ranks independent European dealer groups by 2013 revenue using data from auto retail analyst ICDP....
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LINDSAY CHAPPELL

Incentives prop up sedan-heavy strategies

12:01 am U.S. ET | Sept. 13, 2014
Take a look at who's been increasing incentives lately and you will see a larger trend in vehicle strategy for the United States....
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Manheim rolls out program that lets dealers return vehicles

12:15 pm U.S. ET | Sept. 11, 2014
Dealers who buy almost any vehicle at a Manheim auction location also can purchase the right to return those vehicles for any reason for up 21 days or 500 miles, whichever comes first. The nation's largest auto auction company is now offering optional protection from DealShield, its sister company, that guarantees the purchaser a 100 percent refund of the purchase price plus buyer's fees if they choose to return the vehicle....
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Nissan taps BMW's Krueger to head Infiniti

9:30 pm U.S. ET | Sept. 9, 2014
Nissan has poached BMW veteran Roland Krueger to head its leaderless Infiniti luxury unit, lending a touch of German flair to a brand struggling to break out of the second tier. Krueger, 48, steps into a brand twice stung by recent defections, first by brand President Johan de Nysschen's departure in July, then by the exit of its chairman, Andy Palmer, last week....
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U.S. sales strength will hold through the year, Edmunds says

4:24 pm U.S. ET | Sept. 9, 2014
August's surge in auto demand in the United States could help lift this year's sales totals above levels last seen in 2006, Edmunds.com analysts said today....
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Wholesale used prices down for 4th straight month, Manheim Index shows

3:34 pm U.S. ET | Sept. 8, 2014
Wholesale prices of used-vehicles declined for the fourth consecutive month in August, according to the Manheim Used Vehicle Index released today....
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BMW, Audi, Mercedes help boost U.S. car sales with incentives

Sept. 4, 2014 11:44 CET
BMW, Audi and Mercedes all offered generous discounts to U.S. auto buyers in August that helped drive sales to the best month in eight years. Spending by vehicle averaged $4,912 at BMW last month, followed by $4,189 for Mercedes and $3,236 for Audi....
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AutoNation sales rise 7 percent in August

2:51 pm U.S. ET | Sept. 4, 2014
AutoNation said today that its new-vehicle sales in the United States during August were the dealership group's best since 2002....
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Ford keeps top sales spot in Canada

2:03 pm U.S. ET | Sept. 3, 2014
Ford of Canada said today that it was the country's top seller of new vehicles in the month of August, as sturdy truck demand helped it maintain leadership for a fifth consecutive month....
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JAMIE LaREAU

Why more women are willing to haggle with dealers

2:57 pm U.S. ET | Sept. 3, 2014
Car dealers who believe that men like to haggle and women don't had better think again. A new study suggests that women are more keen than men to negotiate -- a reversal from just a couple of years ago....
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German, French and Italian car sales fall in August

Sept. 2, 2014 11:25 CET
New-car sales in Germany, France and Italy all fell slightly in August, a seasonally weak vacation month, while Spain's subsidy-led recovery continued....
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AUGUST U.S. SALES PREVIEW

Chrysler Group's hot streak putting heat on competition

8:55 am U.S. ET | Sept. 2, 2014
As Jeep benefits from consumers' renewed attraction to SUVs, Chrysler Group also has been aided by strong demand for Ram pickups and Town & Country minivans. That helped propel its U.S. sales up 12 percent last month, the largest increase of any major automaker, according to the average of eight analyst estimates compiled by Bloomberg....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

European automakers seek firmer foothold in India

Sept. 1, 2014 06:15 CET
When VW reported group deliveries in India had more than doubled in 2011, it looked as if the market would help the automaker achieve its goal of being No. 1 in global sales. Things have changed since then, forcing VW to rework its plans....
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Lexus NX may challenge RX for brand sales leader outside U.S.

6:51 am U.S. ET | Aug. 29, 2014
The new Lexus NX compact crossover, already racking thousands of orders in Japan, may unseat big sibling RX as the luxury brand's top global nameplate. At least outside the United States....
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AUGUST U.S. AUTO SALES

Sales rate to top 16 million for 6th month in a row, analysts predict

12:46 pm U.S. ET | Aug. 27, 2014
Auto sales volume in the United States is expected to keep rolling along in August, with two independent forecasters predicting a sixth straight month of 16 million-plus selling rates. TrueCar predicts a seasonally adjusted annual selling rate of 16.6 million for August and LMC Automotive/J.D. Power is just behind at 16.5 million....
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VW Group sales rise 7% in July on Europe, China gains

Aug. 26, 2014 12:22 CET
VW Group sales increased 7 percent in July to 808,500 vehicles as gains in Europe and China outweighed declines in the Americas. Through seven months the automaker's volume is up 6 percent to 5.78 million....
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