Sales

No seat unturned in flood-damage search

12:01 am U.S. ET | June 29, 2015

Since torrential downpours hit Houston in late May, Bob Sluss has been extra vigilant about leaving no stone - or seat - unturned when appraising used vehicles. Sluss has seen a spike in trade-ins with water damage that was not disclosed by their owners....
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CarMax makes big plans for smaller markets

12:01 am U.S. ET | June 29, 2015

CarMax Inc. plans to expand its reach by opening smaller stores in smaller markets, said CEO Tom Folliard. He said the used-vehicle powerhouse has identified at least 80 markets that will support stores that are downsized from typical CarMax outlets....
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U.S. auto sales remain robust in June

12:32 pm U.S. ET | June 26, 2015

U.S. auto sales have shown no signs of weakening this month after a blowout performance in May, with forecasters projecting an industrywide gain of about 5 percent to close out the best spring in a decade....
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McLaren boosts profit threefold on China sales

June 26, 2015 11:51 CET

McLaren said its 2014 pretax profit rose threefold, helped by rising sales in China. McLaren sold 1,649 cars in 2014, but expects to increase annual production to 4,000 by 2017 as it adds new entry-level models to its lineup....
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Rolls-Royce's China sales drop on luxury crackdown

June 25, 2015 10:39 CET

Rolls-Royce sales are being hit by a "cool wind blowing in China," said the executive in charge of the ultraluxury brand, as the nation's wealthy pull back from ostentatious purchases amid a government crackdown on conspicuous consumption....
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Fiat Chrysler could win merger partner with Alfa Romeo revival

June 23, 2015 16:10 CET

The Alfa Romeo Giulia will be the lynchpin of the brand's turnaround plan and potentially an opportunity to attract a cash-rich merger partner for Alfa parent Fiat Chrysler Automobiles....
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VW plans subcompact sedan for India to help build market share

June 23, 2015 15:20 CET

Volkswagen is betting that the launch of a subcompact sedan in India will help it build on its small market share in the market. The new car comes with equipment usually reserved for high-end models, such as dual airbags and automatic gear shift....
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Toyota Europe's new sales boss must hold off surging Nissan

June 23, 2015 06:01 CET

Toyota's new European sales and marketing boss, Matt Harrison, faces the challenge of defeating Japanese rival Nissan's goal of becoming Europe's top-selling Asian brand. Nissan sales are surging thanks to new products while Toyota's aging lineup is holding back growth....
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Citroen will boost C4 Cactus production, add new markets

June 22, 2015 06:01 CET

Citroen will increase annual production of the C4 Cactus and expand sales outside Europe after the unconventionally designed compact model proved more popular than planned....
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GM to re-enter medium-duty commercial truck market

12:01 am U.S. ET | June 22, 2015

General Motors is returning to the medium-duty commercial truck business in the U.S. next year after a seven-year hiatus, a move that GM believes will lead to more sales of pickups, vans and other trucks to fleet buyers....
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Mercedes's $230,000 Maybach S class defies China's cooling luxury market

June 21, 2015 06:01 CET

Mercedes-Benz is selling almost as many Maybach cars in China each month as it used to sell worldwide in a year when it targeted the super-rich with a stand-alone model....
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Chevrolet's thrill ride in Vegas

12:01 am U.S. ET | June 20, 2015

Nearly 3,000 Chevrolet dealers and dealership employees spent two days in the desert for the annual business meeting. But, for a change, they didn't stay holed up for hours in a windowless ballroom. Instead, they got to tear around a racetrack at nearby Spring Mountain Motorsports Ranch, flogging pre-production 2016 Camaro coupes and Malibu sedans....
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PSA will open Morocco plant to cut costs, lift emerging market sales

June 19, 2015 15:14 CET

PSA/Peugeot-Citroen unveiled plans to build a Moroccan factory as the carmaker seeks to boost sales in Africa and reduce its reliance on Europe following a brush with bankruptcy. The Morocco-built models are likely to replace the Peugeot 301 and Citroen C-Elysee sedans produced in Spain....
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Daimler sells 15 German Mercedes dealerships to Chinese investor

June 19, 2015 17:03 CET

Daimler said it is selling 15 Mercedes-Benz dealerships in eastern Germany to a unit of China's Lei Shing Hong Group in a bid to lift profitability....
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CarMax average retail selling price dipped 1.6% in Q1

1:09 pm U.S. ET | June 19, 2015

The average retail selling price of a CarMax used vehicle dropped 1.6 percent to $19,851 in the company's fiscal first quarter that ended May 31....
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VW U.S. chief sees 'limited growth' until new SUVs arrive

12:45 pm U.S. ET | June 19, 2015

Volkswagen expects "limited growth" in the United States over the next two years and will focus on defending the market share it has, the top executive for the region said, suggesting the German automaker will fall short of an ambitious 2018 sales target....
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YANG JIAN

BLOG: VW pays the price for failing to respond to evolving customer needs in China

5:00 am U.S. ET | June 19, 2015

After outperforming the market for almost a decade, Volkswagen, the top-selling brand in China, has begun to lose market share as the economy slides and the automaker becomes less responsive to evolving consumer needs....
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Renault's Duster Oroch heralds push into pickups

June 19, 2015 10:46 CET

Renault unveiled the Duster Oroch no-frills pickup truck aimed at the Latin American market as the automaker bets on resilient demand in the region and hopes to build on the success of its Duster SUV....
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Chinese group seeks to buy more Mercedes dealerships in Germany

June 18, 2015 11:14 CET

Lei Shing Hong, the world's largest Mercedes dealership group, is on the lookout for further sales outlets in Germany to develop techniques for operating in a mature market. After years of growth, cooling demand is forcing dealers in China to look beyond new-car sales to generate revenue....
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Toyota tops in retained value, Edmunds.com awards show

12:01 am U.S. ET | June 18, 2015

Toyota Motor came out on top in Edmunds.com's annual Best Retained Value Awards, nabbing a brand-level award and four model-level awards. The awards recognize brands and nameplates that have the highest projected residual values after five years compared to their average transaction prices when sold new....
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PSA will build Bollore electric car in France

June 17, 2015 10:43 CET

PSA/Peugeot-Citroen will build the Bollore Bluesummer electric car at its factory in Rennes, western France. The boxy convertible, which has a basic design similar to Citroen's iconic Mehari, will be sold through Citroen dealerships....
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European car sales recovery slows in May

June 16, 2015 08:59 CET

The recovery in European car sales slowed down in May as buyers' concerns about unemployment and the Greek sovereign debt crisis held back demand. Sales were also hit by fewer business days....
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Honda sees tiny HR-V scoring home run even as gas prices rise

6:37 am U.S. ET | June 16, 2015

Honda has sold 6,381 of its new HR-V crossover in two weeks, triple what any other automaker has managed in the first month with a new model in the segment. That has led the company to weigh its options to meet the better-than-expected demand....
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Daimler to sell Mercedes dealerships to Chinese firm, report says

June 16, 2015 17:31 CET

Daimler is set to agree a deal to sell some Mercedes dealerships in eastern Germany to China's Lei Shing Hong, a German newspaper reported....
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Germany may increase support for electric cars

June 16, 2015 10:56 CET

The German government is examining increased support to help bring 1 million electric cars onto the country's roads by the end of the decade. Unlike other European countries, Germany has so far refused to provide generous EV sales incentives....
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