U.S. June sales expected to rise, but slower demand, higher incentives concern analystsMon, 27, Jun 2016
Halfway through 2016, U.S. new-vehicle sales remain on pace to set a second consecutive annual record, but analysts say they're concerned about slowing retail demand and rising incentives. June sales are expected to rise about 5 percent from a year ago, according to analysts at TrueCar, LMC Automotive and Kelley Blue Book.
Aston Martin's financial losses nearly doubleMon, 27, Jun 2016
Aston Martin made a pre-tax loss of 127.9 million pounds in 2015, the fifth consecutive year the company has failed to make a profit, as the number of cars it sold fell and as it invests in expansion. Last year, the automaker reported a pre-tax loss of 71.8 million pounds.
U.K.-EU breakup threatens a key market and profit centerSun, 26, Jun 2016
The United Kingdom's stunning decision to abandon the European Union could slash automakers' profits by billions of dollars and cut new-vehicle sales by nearly a million units over the next three years, analysts warned.
These guys want your used-vehicle sales, profitsMon, 27, Jun 2016
Beepi. Shift. Carvana. Vroom. Don't let the clever names fool you. These tech start-ups aim to take a bite out of the used-vehicle retail industry's lunch.
Fixing Cadillac's problem childMon, 27, Jun 2016
Cadillac is trying to breathe new life into the ATS compact sedan through a series of price and trim-package adjustments for the 2017 model year.
Penske, Group 1 assess the damageMon, 27, Jun 2016
Penske Automotive and Group 1 Automotive took an immediate stock-price hit in the wake of Britain's vote to exit the European Union. Earnings will suffer from a collapsing British pound. But the longer-term impact remains unclear.
Video marketing targets in-store customersMon, 27, Jun 2016
Zamora Automotive Group's Honda of Superstition Springs uses customized programming delivered to 24 screens throughout the dealership to get its marketing messages to customers in the store.
CarMax quarterly earnings slide 3.6% despite revenue gainTue, 21, Jun 2016
CarMax's latest quarterly earnings slid 3.6 percent, dragged down by expenses related to store openings, share-based compensation and hail damage to vehicles at the company's stores in Texas.
Mitsubishi expects annual loss due to mileage-cheating scandal, report saysTue, 21, Jun 2016
Mitsubishi Motors expects to post a net loss this financial year over its mileage-cheating scandal as it is hit by compensation costs and a slide in vehicle sales, a report said today.
Toyota says Brexit may lead to 10% duties on U.K.-built carsMon, 20, Jun 2016
Toyota warned that a withdrawal by the UK from the EU may lead to levies of as much as 10 percent on the cars it builds in Britain. Jaguar Land Rover CEO Ralf Speth also warned about a so-called Brexit, saying leaving the EU would be "highly damaging."
VW brand sales stable as Europe, China demand offsets drops in U.S., BrazilFri, 17, Jun 2016
Volkswagen brand sales slipped 0.7 percent last month with gains in Europe and China offsetting declines in the Americas.
Cheap cars fueling Mexico's sales boom often lack airbags, ABSSun, 19, Jun 2016
In the past few years, auto sales in Mexico have surged to record levels, thanks to plentiful financing and aggressive competition to get small, cheap cars into the hands of the working class. But that focus on a low sticker price has held back safety, consumer advocates say.