Retail

MARCH U.S. AUTO SALES

FCA, Toyota, Hyundai rise as industry heads towards another advance

8:30 am U.S. ET | April 1, 2015

Fiat Chrysler recorded its 60th straight U.S. sales gain in March while Ford, Honda, Nissan and General Motors fell as the industry appeared to defy forecasts by heading toward another monthly sales increase.... Read More »

NEAL E. BOUDETTE

BLOG: Why last fall's Camry revamp is paying off for Toyota

1:28 pm U.S. ET | April 1, 2015

Toyota gave the Camry a major revamp last fall and Senior Vice President Bob Carter says it is boosting sales and pulling in younger buyers.... Read More »

FCA moves up 2% in March; streak extends to 5 full years

1:18 pm U.S. ET | April 1, 2015

Fiat Chrysler rode strong demand for Jeeps and a sales push for the Chrysler 200 and Dodge Dart sedans to pull out a 2 percent sales gain in March. The gain means the automaker extended its streak of monthly sales increases to five full years.... Read More »

Next-generation Audi R8 will star in new 'Avengers' film

12:28 pm U.S. ET | April 1, 2015

Audi connoisseur Tony Stark will stay loyal to the brand in the upcoming superhero movie Avengers: Age of Ultron.... Read More »

GM pickup, SUV sales strong, but car sales fall

12:21 pm U.S. ET | April 1, 2015

Pickup truck and SUV sales shouldered the load again for General Motors in March, while car sales stalled. The carmaker posted a 2.4 percent sales dip in March vs. the year-ago March.... Read More »

France, Italy, Spain sales growth in March encourages European recovery hopes

April 1, 2015 12:12 CET

New-car registrations rose in France, Italy and Spain last month, adding to signs that the European auto market is recovering. France's auto industry body, the CCFA, raised its full-year forecast for the country to a 2 percent gain, close to many predictions for Europe as a whole.... Read More »

Feds put add-on products in their cross hairs

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

The Federal Trade Commission has set its sights on what it calls add-on products: F&I products sold at dealerships such as anti-theft etching or biweekly payments. “The cases we brought today were the first two -- but not the last,” Jessica Rich, director of the FTC Bureau of Consumer Protection, said during a conference call on March 26. She was discussing a crackdown, dubbed “Operation Ruse Control,” on fraudulent dealership practices by authorities in the U.S.... Read More »

Mazda plans online orders to smooth Miata launch

12:01 am U.S. ET | April 1, 2015

Before the redesigned Mazda MX-5 Miata arrives on U.S. shores this summer, fans of the diminutive Japanese sports car will be able to preorder a car in any color they like -- as long as that color is red.... Read More »

CFPB keeps wary eye out for subprime-lending abuses

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

The Consumer Financial Protection Bureau sees the combination of easier credit, a rise in credit losses from historic lows and longer terms in subprime auto loans as an “emerging” risk worth keeping an eye on, said Steven Antonakes, deputy director.... Read More »

NYC aims to remove dealers as middlemen on used-car loans

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

The City of New York is campaigning to remove dealer reserve from used-vehicle financing. And it's enlisting lenders' help to do it.... Read More »

JIM HENRY

BLOG: No such thing as 'little' lies on credit apps

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

The Federal Trade Commission served up a forceful reminder last week that inflating a customer's income on a credit application isn't just a little white lie, even if it's intended to “help” the customer.... Read More »

Toyota wants a Scion purchase to feel more like buying an IPad

6:46 am U.S. ET | April 1, 2015

Toyota wants buying a Scion car to feel more like ordering an iPad and less like the current four-hour ordeal.... Read More »

Ally to relocate its headquarters in downtown Detroit

3:52 pm U.S. ET | March 31, 2015

Ally Financial, along with Detroit political and business leaders, said today it plans to move its headquarters and 1,300 employees to a signature office building in downtown Detroit.... Read More »

DAVE GUILFORD

BLOG: Cox's Schwartz urges 3 dealer changes

5:15 pm U.S. ET | March 31, 2015

Sandy Schwartz has been campaigning this year with a stump speech that drives home a simple message: Dealers have to change the way they do business, and today's good times represent an opening to do so.... Read More »

Berkshire Hathaway Automotive targets growth, possibly abroad

3:00 pm U.S. ET | March 31, 2015

Berkshire Hathaway Automotive already is on the prowl to acquire more dealerships. And, top executives hinted today, that might include looking outside the US. Berkshire Hathaway closed on its purchase of Van Tuyl Group on March 9... Read More »

Ford grappling with premature demands for $400k GT supercar

3:40 pm U.S. ET | March 31, 2015

Ford has a problem, though not necessarily the worst kind: Too many people want to pay about $400,000 for its upcoming GT supercar. But no matter the demand, Ford won't make more than 250 GTs a year globally, due to carbon-fiber production constraints.... Read More »

DIANA T. KURYLKO

BLOG: Mini pulls the pranks and N.Y. stand -- for now

10:45 am U.S. ET | March 31, 2015

Mini has been a fixture at the New York auto show since the brand was relaunched in the United States in 2002. But don't look for the British marque this year.... Read More »

Ally touts dealership camaraderie in new ad campaign

2:44 pm U.S. ET | March 31, 2015

Ally Financial is touting the camaraderie it has with dealerships in a new ad campaign that puts an emphasis on storytelling.... Read More »

ARLENA SAWYERS

BLOG: Bidding goodbye to Black Book's Beggs

2:34 pm U.S. ET | March 31, 2015

After 34 years at Black Book, Ricky Beggs is retiring on April 1. That such a fixture of the used-car world would retire seems like an April Fools’ joke. But it’s not; he’s really retiring.... Read More »

Low oil prices drive bullish forecasts for U.S. sales

11:42 am U.S. ET | March 31, 2015

The US auto industry appears to be firmly in the fast lane, at least for the next two years. New-car sales are on track to expand for a sixth consecutive year in 2015 and face few major risks to the streak in 2016, economists said here today at the NADA/J.D. Power Automotive Forum.... Read More »

RICHARD TRUETT

BLOG: Why Jeep should have its own performance division

11:30 am U.S. ET | March 31, 2015

Is there an American brand that could set up a division for high-performance and factory-made, very limited-production custom vehicles and charge enough to make it profitable?... Read More »

NADA expects interest rates to hold through summer, boosting sales

7:21 am U.S. ET | March 31, 2015

The National Automobile Dealers Association predicts the Federal Reserve will hold off on raising interest rates through the summer, giving vehicle sales a boost that can offset slow economic growth in the start of the year.... Read More »

Ex-dealership staffers face prison

12:01 am U.S. ET | March 30, 2015

Several former sales staffers at a Birmingham, Ala., Nissan store face federal prison time as part of a federal crackdown on fraudulent practices in car dealerships.... Read More »

Consumers cry out for better dealership experience

7:00 pm U.S. ET | March 30, 2015

Nearly nine in 10 consumers say they wouldn't buy a car without test driving it first. But a substantial majority -- 70 percent -- would like to be able to test drive multiple vehicles across brands at a single location, without the pressure of a salesperson riding with them, a study of car-buying preferences found.... Read More »

JAMES B. TREECE

BLOG: Care about new-car sales? Keep an eye on CPO sales

12:53 pm U.S. ET | March 30, 2015

Can the robust CPO market handle the rising tide of used-vehicle supply? That's one of the critical questions facing everyone in the used-car market -- and the new-car market, too.... Read More »

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