Sales

Ford's 2014 profit fell 56 percent amid new-product blitz

7:00 am U.S. ET | Jan. 29, 2015
Ford posted a drop in fourth-quarter profit and said earnings fell 56 percent in 2014 as it introduced 24 vehicles worldwide while US market share declined. CFO Bob Shanks predicted "a lot of strong growth numbers from Ford in 2015."...
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VW could beat 5 million euro savings goal, exec says

Jan. 29, 2015 16:09 CET
VW Group ought to be able to cut costs at its passenger-car brand by "substantially more" than the 5 billion euros ($5.7 billion) planned by the carmaker's top management, VW works council chief Bernd Osterloh said....
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JIM HENRY

Auto lenders cite discipline with U.S. sales booming

11:00 am U.S. ET | Jan. 28, 2015
“Discipline” was the watchword for auto lenders in panel discussions and interviews in and around the National Automobile Dealers Association convention....
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Auto sales forecast calls for a hot January

4:00 pm U.S. ET | Jan. 27, 2015
Forecasters say U.S. auto sales have begun 2015 much stronger than 2014, when a deep freeze kept shoppers away from many dealerships in much of the country. General Motors is expected to post nearly a 20 percent increase, with the other Detroit 3 automakers also on track for double-digit gains....
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Renault poised for big boost from new SUV

Jan. 27, 2015 06:01 CET
Renault's new Kadjar will become a top-seller in Europe's key compact SUV segment, according to a forecast. The French automaker needs a boost after its Koleos flopped in a fast-growing niche dominated by alliance partner Nissan's Qashqai....
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VW reaches pact with China dealers

Jan. 26, 2015 11:24 CET
VW says it has reached an agreement with its dealers in China and pledged to continue setting reasonable sales targets to ensure a financially sound distribution network as demand in the world's biggest auto market slows....
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How VW veered off target

12:01 am U.S. ET | Jan. 26, 2015
Competition has heated up, the Jetta and Passat have cooled off, and with back-to-back yearly declines, VW has missed out on a key boom period in US auto sales -- a sore spot with dealers who made big bets on sustained sales growth....
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Exec: Enterprise holds steady on program cars

12:01 am U.S. ET | Jan. 26, 2015
Unlike its two closest competitors, Hertz Corp. and Avis Budget Group Inc., Enterprise Holdings is not increasing the percentage of its 2015 fleet filled by program cars, vehicles for which the automaker takes responsibility for remarketing, said the executive in charge of the company's vehicle acquisitions....
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Used-vehicle prices finish 2014 strong

12:01 am U.S. ET | Jan. 26, 2015
Greater volumes of off-lease, retired rental and other used vehicles returned to the market last year, but overall values of used vehicles closed 2014 with prices in December registering year-over-year increases....
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NICK BUNKLEY

Could a Super Bowl loss deflate car sales in New England or Seattle?

4:45 pm U.S. ET | Jan. 24, 2015
Cars are emotional purchases for consumers. A Wisconsin dealer told me he got clear evidence of that this week, after the Green Bay Packers were eliminated from the NFL playoffs is heartbreaking fashion....
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Service lanes can become source of used-car inventory

2:00 pm U.S. ET | Jan. 24, 2015
Brian Benstock has found that his own service department is the best place to shop for used vehicles. When the general manager of Paragon Honda in Woodside, N.Y. needs a used car or truck of a certain model year, color and trim level, he searches his database and invites owners of those vehicles into his service department. He offers them discounts on maintenance work....
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Honda axes Accord in Europe

Jan. 23, 2015 16:33 CET
Honda will end sales of the Accord midsize sedan in Europe after the car failed to make headway against German rivals....
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Kia's fourth-quarter profit drops 54% on ruble plunge

Jan. 23, 2015 11:31 CET
Kia posted a 54 percent fall in quarterly profit as a weakening ruble reduced income earned in Russia where Kia ranks No. 2 after Lada. Kia expects sales in the market to fall 12 percent this year, because the ruble's decline could force further price rises, denting demand....
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Long-term trends to siphon off sales, NADA economist says

1:15 pm U.S. ET | Jan. 23, 2015
Steven Szakaly, NADA's chief economist, reiterated his forecast of 16.9 million U.S. light-vehicle sales in 2015. In explaining why his prediction remains below 17 million, in contrast to some more optimistic analysts, he delved into some of the long- and short-term trends that are siphoning off sales....
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2014 rental fleet purchases are most since '07

2:36 pm U.S. ET | Jan. 23, 2015
Rental car companies bought 1.63 million new vehicles in 2014, almost 4 percent more than they purchased the year before. It was the highest purchase volume since 2007, but well below the 2.1 million new vehicles that were sold into rental fleets in 2005 and 2006, according to Manheim's annual Used Car Market Report....
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GM sees Europe turnaround on track even if local economy isn't

Jan. 23, 2015 10:34 CET
General Motors' efforts to restore European operations to profitability are on track even as the region's economy fails to revive, GM President Dan Ammann said. However, Russia is big "wild card," he said....
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Big sales goal for new Titan may be low, Nissan's Munoz says

10:45 pm U.S. ET | Jan. 22, 2015
Nissan startled many auto industry observers last week when it said it envisioned the redesigned 2016 Titan capturing 5 percent of the U.S. full-size pickup market. But Nissan's U.S. boss, Jose Munoz, says 5 percent might be on the low side....
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New models are driving brands' success

6:00 pm U.S. ET | Jan. 22, 2015
New-model introductions will continue to boost the performance of auto franchises for the next two years. Brands from mass-market to luxury are chalking up positive results in customer satisfaction and owner-loyalty largely as a result of a stream of new and substantially redesigned products....
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A bright outlook for 2015 -- with a few worries

2:45 pm U.S. ET | Jan. 22, 2015
Risky car loans are on the increase, rising interest rates will put a crimp on product prices, and a new wave of off-lease vehicles soon will wash over the market. That's the bad news, Thomas King, J.D. Power vice president of OEM operations, told the audience at Power's Automotive Summit on Thursday at the National Automobile Dealers Association convention here....
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Toyota may lose global sales lead to VW without new China strategy

Jan. 22, 2015 11:11 CET
Toyota remained the best-selling automaker worldwide in 2014 ahead of VW and GM, but the company may lose the sales crown this year as it falls behind in China, where rivals are expanding fast....
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Kia needs India plant to offset slowing sales in Russia and China, report says

Jan. 22, 2015 12:10 CET
Kia needs to set up a factory in India to tap growth in the fast-growing market and offset slowing sales in Russia and China, a Korean newspaper reported the automaker's CEO as saying. India may become the world's No. 3 auto market by next year....
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Toyota keeps top spot despite strong VW challenge

2:16 am U.S. ET | Jan. 21, 2015
Toyota defended its crown as the world's biggest automaker in 2014, keeping a slim lead over Volkswagen. But Toyota forecast sales to slump 1 percent in the current calendar year, on the back of slowing demand in Japan and emerging markets....
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VW targets 'significant' savings by reducing variety of parts

Jan. 21, 2015 16:36 CET
Volkswagen Group plans to boost profitability by scaling back the range of components at its main VW brand. Reducing the variety of parts used in VW vehicles will offer "significant savings potential," finance chief Hans Dieter Poetsch said....
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JIM HENRY

The lesson of the pizza delivery man

11:00 am U.S. ET | Jan. 21, 2015
Here’s a lesson for dealerships that run security cameras in the F&I office and elsewhere: Treat all store visitors well....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Michelin CEO aims to win share from Chinese rivals

Jan. 21, 2015 07:48 CET
Michelin aims to counter rising pressure from low-cost Chinese brands in Europe and North America by increasing the number of cheaper tires it offers from budget subbrands, the tire maker's CEO, Jean-Dominique Senard, told Automotive News Europe....
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