Retail

JULY U.S. AUTO SALES

Sales climb 9 percent to 1.4M vehicles as SAAR hits 16.5M

5:45 am U.S. ET | Aug. 1, 2014
U.S. auto sales, led by Chrysler's 20 percent advance and solid gains of 10 percent or more at Toyota, Nissan, and Ford, rose 9 percent in July to 1.435 million. The results were just below forecasts for a 10 percent increase but signal consumers remain in a buying mood. The seasonally adjusted, annualized sales rate hit 16.5 million in July. Toyota outsold Ford by 4,335 units.... Read More »

 

July's gist: Gains for (almost) everyone

4:26 pm U.S. ET | Aug. 1, 2014
U.S. auto sales rose 9 percent in July to 1.4 million units, a fifth strong month to ease the memory of harsh winter storms that blunted January and February volume. On the day that shareholders approved the merger that formally creates Fiat Chrysler Automobiles, Chrysler Group posted a 20 percent U.S. sales gain to lead all major players.... Read More »

 

American Honda volume slides 4%

3:33 pm U.S. ET | Aug. 1, 2014
American Honda Motor had a rocky July, with sales falling 4 percent from a year earlier to 135,908 vehicles, in a market that rose 9 percent overall.... Read More »

 

Canada deliveries hit July record; Detroit 3 gain with trucks

2:16 pm U.S. ET | Aug. 1, 2014
Auto sales in Canada in July rose to a record high for the month, up 11.3 percent from a year earlier, an industry analyst said today, with strong truck sales pushing both Chrysler and Ford to record performances.... Read More »

 

Chrysler Group posts best July since 2005 on 20% gain

11:56 am U.S. ET | Aug. 1, 2014
Strong sales of SUVs, pickups and minivans pushed Chrysler Group's volume up 20 percent last month to its highest July U.S. sales in nine years.... Read More »

 

Higher incentives lift Ford cars, trucks

1:55 pm U.S. ET | Aug. 1, 2014
Strong retail sales and bigger incentives helped lift Ford's July volume 10 percent from a year ago to its best July performance in eight years. Ford sold 211,467 vehicles last month.... Read More »

 

Nissan deliveries climb 11%, set July record

3:44 pm U.S. ET | Aug. 1, 2014
Nissan North America sold 121,452 vehicles in the United States in July, a gain of 11 percent from the year-ago month, giving Nissan a monthly record for July. Nissan has set corresponding monthly records each month this year.... Read More »

 

Toyota Motor advances 12% for best July in 7 years

4:24 pm U.S. ET | Aug. 1, 2014
Sales at Toyota Motor Sales rose 12 percent in July from a year earlier to 215,802 vehicles, for the automaker's best July sales in seven years as core models posted big gains.... Read More »

 

Lexus jumps 19% for first monthly luxury win in almost a year

4:12 pm U.S. ET | Aug. 1, 2014
Lexus hasn't chased other luxury brands down-market with a sub-$30,000 car like the Mercedes-Benz CLA, yet Toyota's premium brand topped Mercedes and BMW in July for its first monthly sales win since August 2013.... Read More »

 

JESSE SNYDER

An impressive streak, locked and still going

4:15 pm U.S. ET | Aug. 1, 2014
With July U.S. sales volume up 9 percent and full-year forecasts ramping higher, 2014 is increasingly appearing locked in as the fifth straight year of U.S. auto sales growth.... Read More »

 

GM sales rise 9% on robust commercial-fleet sales, SUV demand

1:03 pm U.S. ET | Aug. 1, 2014
A jump in sales to commercial customers and stout demand for the redesigned GMC Yukon, Chevrolet Tahoe and other trucks propelled General Motors' July sales up 9 percent from a year earlier.... Read More »

 

Millennials top Gen X in new-car buying for first time

3:35 pm U.S. ET | Aug. 1, 2014
Millennials during the first half of the year surpassed Gen X in new-car purchases for the first time, signaling a growing transition in consumer preferences of affordability and sustainability over utility.... Read More »

 

Renault, PSA lose ground as French July car sales fall

Aug. 1, 2014 11:31 CET
French car sales fell 4 percent in July as economic problems weighed on demand, the country's CCFA industry body said.... Read More »

 

Future car colors inspired by Midwest homes, landscape, BASF says

1:38 pm U.S. ET | July 31, 2014
Future cars and light trucks will sport more sparkling oranges and browns, soft blues and greens, and pearly whites and grays -- all inspired by the clear skies, lush lawns and warm homes found in the nation's heartland -- according to trend spotters at BASF's automotive coatings divisions.... Read More »

 

THE GM RECALL

GM missed red flag from rental car firms on fatal crashes

12:23 pm U.S. ET | July 31, 2014
More than seven years before GM began the biggest wave of auto recalls in history, an investigator for Vanguard Car Rental contacted the carmaker about a fatal rollover crash in California. Vanguard wasn't alone. Records show Enterprise Holdings pressed the automaker about a potential Cobalt defect because airbags failed in routine crashes. Avis and Hertz also had Cobalts in their fleets that crashed.... Read More »

 

Continental raises 2014 profit forecast on lower costs, auto demand

July 31, 2014 11:26 CET
Continental raised its 2014 profit forecast for the second time this year to 11 percent of sales from 10.5 percent, after lower production costs and improving auto demand helped boost quarterly earnings.... Read More »

 

Volume hot, profits not, for GM Financial, Ford Credit

12:01 am U.S. ET | July 30, 2014
North American auto loan and lease originations combined rose in the second quarter from the year-earlier period for both Ford Motor Co.'s and General Motors' captive finance companies.... Read More »

 

GM, too, removes parts to weigh pickups, boost payload ratings

7:09 pm U.S. ET | July 30, 2014
GM says it deletes heavy items such as the rear bumper from certain pickups when it weighs them in order to boost the vehicles' maximum payload ratings. GM says it adopted the practice for the 2014 model year in response to competitive pressures as it launched redesigned full-sized pickups.... Read More »

 

Penske Q2 net income rises 18% on strong gains in all segments

7:30 am U.S. ET | July 30, 2014
Penske Automotive Group's second-quarter net income rose 18 percent from the year-earlier period on higher new- and used-vehicle unit sales.... Read More »

 

Toyota luxury boss says sub-$30K car 'wouldn't be a Lexus'

3:10 pm U.S. ET | July 30, 2014
A senior Lexus executive said that a car priced below $30,000 would not be worthy of the brand, in an indirect dig at German rivals who have been moving downmarket. "We could go down and build a car under $30,000, but it would be decontented, and you'd be cutting corners. It wouldn't be a Lexus," Mark Templin, Lexus International's executive vice president, told Automotive News.... Read More »

 

Hyundai recalls 883,000 Sonata sedans to repair transmission-shift cable

8:06 am U.S. ET | July 30, 2014
Hyundai is recalling about 883,000 Sonata sedans in the United States and Puerto Rico because a potentially defective transmission-shift cable could increase the risk of a crash. It is also recalling 5,650 Sonatas from the 2015 model year in the United States and Puerto Rico because one or both front-brake calipers may crack, making the brakes less effective and raising the risk of a crash, NHTSA documents show.... Read More »

 

Jaguar touts aluminum features on upcoming XE

12:35 pm U.S. ET | July 30, 2014
Jaguar Land Rover is touting the aluminum features on its upcoming Jaguar XE sedan, promising it will be the most fuel efficient vehicle in brand history.... Read More »

 

Dahlheim named CEO of VW Credit

12:01 am U.S. ET | July 30, 2014
VW Credit named CFO Christian Dahlheim CEO of the captive finance company today, succeeding Andrew Stuart, who left the company to become CEO of U.S. operations for TD Auto Finance.... Read More »

 

BMW Group tops dealer finance satisfaction survey

12:01 am U.S. ET | July 30, 2014
BMW Group Financial Services dominated nearly every category of J.D. Power's 2014 U.S. Dealer Financing Satisfaction Study released this week.... Read More »

 

Group 1 leads peers in F&I revenue per vehicle; Penske trails again

12:01 am U.S. ET | July 30, 2014
Group 1 Automotive's 120 U.S. dealerships had the highest average F&I revenue per vehicle retailed in the second quarter among the six publicly traded new-car groups. It was the fourth quarter in a row that Group 1 posted higher results than its peers.... Read More »

 

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