Retail

Nissan names Toyota Europe veteran as sales chief

June 3, 2015 08:57 CET

Nissan named Toyota Europe veteran Daniele Schillaci as its new global head of sales and marketing, filling the final major vacancy left by last year's departure of former chief planning officer Andy Palmer to Aston Martin.... Read More »

Average new-car loan hit 67 months in Q1

11:30 am U.S. ET | June 3, 2015

More than a fourth of all new light vehicles financed in the first quarter carried loans of 73 to 84 months, data from Experian Automotive show. The average loan term in the quarter rose to 67 months for new vehicles and 62 months for used, both records. Longer loan terms aren't necessarily a threat to the auto market, but they already are trimming sales, industry experts say.... Read More »

Volvo sales drop 1.3% as new XC90 impact awaited

June 3, 2015 11:17 CET

Volvo's global sales dropped 1.3 percent in May from last year as the first shipments of its new XC90 to customers did not fully compensate for higher volumes of the old model in 2014. Volvo says it has now received more than 36,000 pre-orders for the flagship SUV.... Read More »

Ally Insurance launches extended service contracts, supporting technology

11:30 am U.S. ET | June 3, 2015

Ally Insurance is rolling out an extended service-contract product paired with a technology platform. The new product line offers three levels of service contracts aimed at new-vehicle buyers who want coverage beyond the standard warranty or buyers of used vehicles seeking coverage. One dealer found the program saved customers 15 minutes in the F&I office.... Read More »

JAMES B. TREECE

BLOG: How credit unions, as a group, will become the largest auto lender

11:45 am U.S. ET | June 3, 2015

Credit unions as a group, largely working through Credit Union Direct’s CUDL platform, are poised to become the largest single lender to auto buyers -- eventually. Here’s how.... Read More »

0% loans mark the start of summer

11:15 am U.S. ET | June 3, 2015

Nearly a tenth of consumers who financed their vehicles in May received no-interest loans, according to Edmunds.com. That share likely will grow through the summer months before falling back in October.... Read More »

AutoNation new-vehicle sales rise 5% in May

10:26 am U.S. ET | June 3, 2015

AutoNation said today its U.S. new-vehicle sales increased 5 percent in May from a year earlier to 31,777.... Read More »

Toyota looks to Ford's SmartDeviceLink to defend dash from Apple, Google

6:33 am U.S. ET | June 3, 2015

Toyota and Ford may join forces to maintain control of their vehicle dashboards as Apple Inc. and Google Inc. introduce technology targeting the car industry.... Read More »

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

VW's Seat brand targets women, will add crossovers to boost profits

June 3, 2015 06:15 CET

VW Group's Seat brand posted its first quarterly profit in seven years last month, but CEO Juergen Stackmann must still overcome big challenges to make the brand a consistent money-maker. Stackman discussed some of these issues including crossovers, attracting women buyers and resuming China sales with Automotive News Europe.... Read More »

Toyota Motor Sales off 0.3%, despite big truck haul

4:00 pm U.S. ET | June 2, 2015

Toyota Motor Sales posted a 0.3 percent decline in May sales from a year earlier, as the continued strength of its light trucks failed to offset losses across nearly its entire car lineup. With demand for light trucks strong, Toyota is feeling the same inventory pinch as it did in April.... Read More »

RICHARD TRUETT

BLOG: The steep road ahead for Alfa in U.S.

11:15 am U.S. ET | June 2, 2015

Even with a small but passionate following for the Italian brand, Fiat Chrysler's lofty sales goal for Alfa Romeo -- 150,000 vehicles a year in the NAFTA region by 2018 -- seems overly ambitious... Read More »

Pickups, crossovers propel GM to 3% gain; car sales slide again

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

GM rode strong retail sales and surging demand for pickups and crossovers to a 3 percent U.S. sales gain in May, offsetting continued weakness in car deliveries. Total sales of 293,097 marked GM's strongest monthly result since August 2008. Sales to individual buyers rose 7 percent, while fleet deliveries fell 7.6 percent.... Read More »

Hyundai Group slips amid shift to big SUVs, crossovers

4:15 pm U.S. ET | June 2, 2015

Hyundai Motor Group reported a 3.8 percent decline in U.S. sales for May, driven by a significant decline at the Hyundai unit. The Hyundai brand is hurting with its sedan-heavy lineup as consumers gravitate toward SUVs and crossovers.... Read More »

BMW's record May trims gap with Mercedes for U.S. luxury crown

3:31 pm U.S. ET | June 2, 2015

BMW sold a May record 31,003 cars and SUVs in the U.S., narrowing Mercedes-Benz's luxury-vehicle lead as both brands benefit from expanding lineups.... Read More »

FCA retains lead in Canada despite minivan shortage

2:09 pm U.S. ET | June 2, 2015

Fiat Chrysler Automobiles led Canada in May sales with deliveries edging up by 119 vehicles from a year earlier to 31,617 cars and trucks, as a rise in Jeep and passenger car sales helped offset lower minivan sales.... Read More »

MAY U.S. AUTO SALES

Sales sizzle, set May record on light truck surge

8:30 am U.S. ET | June 2, 2015

Light-vehicle sales -- fueled by robust demand for trucks, crossovers and SUVs -- rose 1.6 percent last month, setting a May record and bucking projections for a modest decline. FCA, Honda, GM, Kia and Subaru generated gains while Ford, Nissan, Toyota and Hyundai fell as the industry enjoyed the strongest pace of sales in nearly a decade.... Read More »

JESSE SNYDER

BLOG: Subaru hot; Hyundai-Kia not; Ford's cozy spot

5:15 pm U.S. ET | June 2, 2015

May was a great sales month for the U.S. auto industry, everything a marketer could ask for. Spectacular selling rate, strong pricing power, modest incentives and volume well above expectations.... Read More »

Ford appoints UK boss Ovenden as new Russia chief

June 2, 2015 14:23 CET

Ford named Russian market veteran Mark Ovenden as the new CEO of its joint venture in the country. Ovenden's task will be to turn around the automaker's troubled Russian operations that have been hit by the country's industrywide slump.... Read More »

German car sales fall 6.7% in May on seasonal effect

June 2, 2015 16:03 CET

German new-car sales fell by 6.7 percent in May in a month that had two fewer business days than the year-earlier month. Adjusted sales rose by almost 4 percent.... Read More »

Can you handle a 2,500-plus hp SRT? Video game will let you try

5:45 pm U.S. ET | June 2, 2015

DETRIOT -- Fiat Chrysler has joined the parade of video game concept cars with the hulkish SRT Tomahawk Vision Gran Turismo.
... Read More »

FCA sales up 4%, back over 200,000 vehicles

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

Brisk demand for Jeep and the Chrysler 200 pushed Fiat Chrysler sales up 4 percent in May. The automaker posted U.S. sales of 202,227, marking its 62nd consecutive month of year-over-year sales gains — and its first time over 200,000 vehicles since March 2007.... Read More »

Hyundai humbled as investors abandon auto industry's darling

1:23 pm U.S. ET | June 2, 2015

Shares of Hyundai Motor tumbled 10 percent today to their lowest close since August 2010, making Hyundai the worst-performing stock among any major automaker in the past year.... Read More »

Nissan falls short of 'phenomenal' year-earlier results

5:15 pm U.S. ET | June 2, 2015

Nissan-brand sales dropped by 1 percent in May, even as the Rogue and Murano crossovers attracted more buyers. The industry surge in crossover and SUV sales may have pulled some of Nissan's May floor traffic away from its sedans.... Read More »

Light trucks help Honda end 2-month skid

1:00 pm U.S. ET | June 2, 2015

American Honda sales were up slightly for May, posting a 1.3 percent increase over May 2014. Standout sellers included the Honda Fit subcompact, Honda’s soon-to-be-replaced Pilot crossover, Acura’s all-new TLX sedan and its refreshed RDX crossover.... Read More »

Lower F-series volume dents Ford's tally

2:00 pm U.S. ET | June 2, 2015

Sales of the Ford F series fell to a three-month low in May, dropping nearly 10 percent from a year ago amid tight inventories and a decision not to join competitors in offering big Memorial Day discounts. Overall Ford sales fell 1.3 percent.... Read More »

Automotive News
Special Video Report
Colo. stores use cameras, computers to build transparency

Colo. stores use cameras, computers to build transparency

Planet Honda's technicians-turned-video directors are with one tap bringing the service bay to customers, while digital files are providing a clear snapshot of a used-car's history at Kuni Lexus of Greenwood...
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