Auctions sold more cars for more money in 2015, survey showsWed, 04, May 2016
Last year was a robust one for the auto-auction business, both in vehicles sold and prices paid. National Auto Auction Association member auctions sold 9.3 million vehicles in 2015, up 6.5 percent from 2014, the association's latest annual survey found.
Off-lease cars, repos buoy ADESA Q1 revenue, profitsWed, 04, May 2016
The parent company of ADESA reported double-digit increases in net income and revenue in its fiscal first quarter, which ended March 31, largely due to a strong performance by the auction giant. Auction revenue benefited from an increase in the number of off-lease and repossessed vehicles.
Sales advance 3.5% on fatter deals, truck volume; SAAR rebounds to 17.42MTue, 03, May 2016
Led by gains at Honda, Nissan, Toyota, Fiat Chrysler and Ford, U.S. light-vehicle sales increased 3.5 percent to 1.506 million in April, a record for the month. After a lackluster March that disappointed some automakers, April produced solid gains across the industry, with fatter deals and light trucks driving volume higher.
Why Lithia plans to ratchet up tech hiresMon, 02, May 2016
Lithia Motors expects its service and parts business -- both warranty and customer-pay -- to rise due to the back-up of recalled vehicles and the increased number of cars on the road.
Braman technician training becomes a community serviceMon, 02, May 2016
Dealer Norman Braman gives back to the Miami community by giving its young adults all-expenses-paid training to become service technicians.
Toyota gets another boost from light trucksTue, 03, May 2016
Toyota Motor Sales posted a 3.8 percent sales increase in April, moving 211,125 vehicles for the month. Sales at the Toyota division, including Scion, rose 5 percent to 186,243 vehicles. The gains were largely buoyed by the strength of Toyota's light trucks, which set a record for April sales, rising 16 percent for the month to 96,033 vehicles.
Record car sales charge up Nissan in AprilTue, 03, May 2016
Big gains in Altima, Maxima and Sentra deliveries helped lift the Nissan brand to 113,429 sales in April, a 14 percent increase over April 2015 and a record for the month.
American Honda gets lift from core cars, Odyssey to set recordTue, 03, May 2016
American Honda posted its best April on record, with U.S. sales rising 14 percent to 148,829 vehicles on strong car and light-truck demand. The Honda division set a monthly record, as well, with volume advancing 15 percent to 132,623 vehicles. Car volume rose 14 percent and light-truck deliveries advanced 16 percent.
Hyundai blames ‘softness’ in cars for Elantra’s spring swoonTue, 03, May 2016
Just three months after Hyundai Motor Co. launched a clean-sheet redesign of the Elantra sedan, its best-selling car in the U.S. last year, sales of the compact car plunged 44 percent in April, suggesting the Korean automaker may have hit a snag in a market segment that has recently been among its strongest.
Canadian sales rise 6%, set new monthly recordTue, 03, May 2016
Light-vehicle sales in Canada grew 6 percent in April to a record 200,327 deliveries, according to an industry report. Ford and FCA led the way with double-digit gains.
GM sales drop 3.5% as rental sales slide; retail deliveries rise 12th straight monthTue, 03, May 2016
GM's April sales fell 3.5 percent, amid another big drop in deliveries to rental companies. GM sold 259,557 vehicles last month. Its retail sales rose for the 12th straight month, up 3.3 percent, to 200,656, driven by strong demand for pickups and SUVs.
Ford advances as F-series volume tops 70,000 for 2nd straight monthTue, 03, May 2016
Ford sold more than 70,000 F-series pickups in back-to-back months for the first time in a decade, helping the automaker increase its total U.S. sales by 3.6 percent in April.