Retail

TrueCar inks partner deal with Sam's Club

3:01 pm U.S. ET | Sept. 3, 2015

TrueCar gained a key ally today with the announcement that it will partner with Sam's Club to offer members access to a new-car buying program. The Auto Buying Program will allow Sam's Club -- a membership-only warehouse division of Wal-Mart Stores Inc. -- to offer targeted savings through TrueCar on specific brands.... Read More »

Jaguar offers free maintenance, cuts prices in U.S.

10:30 am U.S. ET | Sept. 3, 2015

Jaguar is lowering its prices and rolling out free scheduled maintenance in the United States to remove what customers cite as key reasons consumers reject the British brand: high purchase and maintenance costs.... Read More »

Turkish auto sales rise 37% in August

Sept. 3, 2015 11:44 CET

Turkish sales of passenger cars and light commercial vehicles jumped 37 percent in August, helping eight-month registrations rise by 47 percent.... Read More »

Tesla will begin deliveries of Model X on Sept. 29

Sept. 3, 2015 11:17 CET

Tesla will begin delivering its Model X electric crossover at the end of the month. The Model X will launch with a premium-priced special version called the Signature series that will cost between $132,000 and $144,000.... Read More »

Average U.S. new-vehicle mpg falls in August

2:13 pm U.S. ET | Sept. 2, 2015

The average stated fuel economy of new light vehicles sold in the United States fell in August and is down nearly 2 percent from the record high set a year ago, a University of Michigan report released today said.... Read More »

Nissan marketing exec Mohnke adds U.S. sales duties

11:50 am U.S. ET | Sept. 2, 2015

Nissan North America's chief marketing officer Dan Mohnke will add U.S. sales to his responsibilities beginning today, the automaker said in a news release.... Read More »

Maserati dealer sues factory, alleging padded sales

3:04 pm U.S. ET | Sept. 2, 2015

A Maserati dealer has sued Maserati North America, saying the auto company insisted the dealership misrepresent sales, reporting 2014 vehicle sales as much as quadruple what they actually were, and discriminated against dealers who refused to participate, according to a complaint filed Friday, Aug. 28.... Read More »

AutoNation August sales drop 5% on calendar quirk

11:38 am U.S. ET | Sept. 2, 2015

AutoNation’s U.S. new-vehicle retail sales fell by 5 percent from a year prior to 31,032 vehicles in August, a decline driven largely by a drop in import sales and the Labor Day weekend falling completely in September this year.... Read More »

HANNAH LUTZ

BLOG: Will Gen Y push leasing sea change?

11:45 am U.S. ET | Sept. 2, 2015

When millennials are itching to get into a brand new car, many look to leasing.... Read More »

Lincoln's captive launches free services for consumers

11:45 am U.S. ET | Sept. 2, 2015

Lincoln's captive finance arm launched a free credit monitoring and identity-theft protection package for all U.S. consumers who finance or lease with the lender. Lincoln Automotive Financial Services introduced the package on July 31.... Read More »

Lease penetration rate warrants scrutiny, observers say

12:45 pm U.S. ET | Sept. 2, 2015

Leasing has accounted for a quarter of new-vehicle sales for more than a year. That might imply stability, but industry watchers say leasing penetration deserves close monitoring. With new-vehicle prices going up, many consumers lean toward leasing because they cannot afford new vehicles.... Read More »

Plunging oil prices could affect auto delinquencies, TransUnion warns

12:30 pm U.S. ET | Sept. 2, 2015

Lost wages from plunging oil prices are expected to raise auto loan delinquencies in Canada, TransUnion says, and the company is watching for changes in the U.S.... Read More »

Hyundai brings back Nissan's Hatami as U.S. sales chief

8:00 am U.S. ET | Sept. 2, 2015

Derrick Hatami, who left Hyundai last January to become U.S. sales chief at Nissan, will return to Hyundai to fill the company's new vacancy for a U.S. sales chief.... Read More »

Volvo sales rise 3% in August as U.S. demand offsets slowing China

Sept. 2, 2015 11:38 CET

Volvo's global car sales rose 3.2 percent in August as strong growth in the U.S. helped offset a continued slide in China, which has been hit by slowing growth and stock market turmoil.... Read More »

Opel will launch online retail banking in Germany

Sept. 2, 2015 12:24 CET

Opel will push into online retail banking in Germany and use consumer deposits to broaden the base of its financing operation.... Read More »

AUGUST U.S. SALES

Sales edge down but SAAR soars to 17.81 million

8:00 am U.S. ET | Sept. 1, 2015

U.S. light-vehicle sales slipped 0.7 percent, far better than projections of a 3.3 percent dip, to 1.505 million in August as consumers shrugged off volatile stock prices and continued to splurge. The annualized pace of sales soared to 17.81 million, the highest rate since July 2005 and the strongest month of the 6-year recovery.... Read More »

Land Rover to roll out two diesels in October

12:56 pm U.S. ET | Sept. 1, 2015

Land Rover expects its first U.S. diesel vehicles will account for up to 20 percent of sales for the two SUVs powered by the new-generation engines. The Range Rover Td6 and Range Rover Sport Td6 go on sale in October and will cost about $1,500 more than the gasoline V-6 models.... Read More »

GM slips as fleet pullback continues

3:30 pm U.S. ET | Sept. 1, 2015

GM's U.S. sales slipped less than 1 percent in August, as the second straight monthly drop in fleet sales offset rising demand from individual buyers. GM sold 270,480 vehicles last month, down 0.7 percent from a year earlier. GM said retail sales rose 6 percent. Fleet deliveries dropped 24 percent, amid a 38 percent decrease in rental-car sales.... Read More »

Hyundai, Kia notch records on Santa Fe, Soul

4:15 pm U.S. ET | Sept. 1, 2015

Facing stock market turmoil and an unfriendly calendar, Korean siblings Hyundai and Kia still set monthly U.S. sales records in August on strong demand for crossovers. Hyundai reported selling 72,012 vehicles for the month, a 2.9 percent increase, as Kia claimed 58,897 units sold, up 7.7 percent.... Read More »

Canada sales rise 2.2% in August

12:13 pm U.S. ET | Sept. 1, 2015

Light vehicle sales in Canada grew 2.2 percent in August to 175,512 vehicles, according to the monthly Desrosiers market snapshot report. Car sales plunged 9 percent during the month to 64,622 vehicles while truck sales surged 10 percent to 110,890 vehicles, Desrosiers said.... Read More »

Lexus grabs second straight monthly U.S. sales win, narrows gap with BMW

3:16 pm U.S. ET | Sept. 1, 2015

Lexus sold the most luxury vehicles in the U.S. in August, riding a wave of demand for its new crossover to a second straight monthly win and narrowing the gap with BMW. Sales rose 2.1 percent from a year earlier to 33,487, including 4,448 of the new $34,480 NX SUV.... Read More »

Ford's U.S. retail volume best since '06

1:30 pm U.S. ET | Sept. 1, 2015

Ford Motor Co. had its best retail-sales month since March 2006 in August, selling 183,467 vehicles in the U.S. Ford posted its highest F-series number of the year and gains of at least 20 percent for five crossover and SUV nameplates.... Read More »

Toyota, Honda suffer from weak car deliveries

4:15 pm U.S. ET | Sept. 1, 2015

The declines in small and midsize car sales finally caught up to both Toyota and Honda in August. Toyota Motor Sales U.S.A. reported its August sales fell 8.8 percent from a year earlier to 224,381 vehicles, while American Honda Motor Co.'s sales dropped 6.9 percent to 155,491. Both companies suffered big declines in cars that negated increases in some light trucks.... Read More »

Weak Nissan, strong Infiniti results leaves Nissan N.A. off slightly

11:00 am U.S. ET | Sept. 1, 2015

Nissan North America reported a slight drop in U.S. sales in August, as lower car sales offset strong performances by the Rogue crossover, the Altima sedan and the Infiniti luxury brand. Still, Nissan’s year-to-date sales have now exceeded 1 million vehicles, the first time the company has crossed that mark just eight months into the year.... Read More »

JESSE SNYDER

BLOG: Why the momentum could last

5:00 pm U.S. ET | Sept. 1, 2015

Auto marketers are still standing back from the edge of 2009’s pit of despair, though maybe some leaned in a bit last month.... Read More »

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