Specialty Retail Automotive Retail

  • *June consumption up 0.4 pct vs estimated 0.3 pct. *U.S. crude falls back below $40 a barrel. NEW YORK, Aug 2- Wall Street stocks fell on Tuesday, with each of the major indexes notching their worst day in about a month as economic data and weaker-than-expected auto sales spurred concerns about growth.

  • NEW YORK, Aug 2- Stocks fell Tuesday on Wall Street, with each of the major indexes notching their largest daily percentage loss in about a month as economic data and weaker-than-expected auto sales spurred growth concerns.

  • DETROIT, Aug 2- The biggest U.S. automakers on Tuesday reported July U.S. sales that disappointed Wall Street as skittish investors feared the industry's long pleasure trip of strong sales may soon be over, sending their shares skidding about 4 percent. Wes Lutz, owner of Extreme Chrysler Dodge Jeep Ram in Jackson, Michigan, said consumers "are maxed out and can...

  • Car out of gas

    After six straight years of rising sales, there is a new reality settling in at dealerships: Sales may have finally peaked.

  • UPDATE 2-U.S. July auto sales strong, but miss estimates.

  • DETROIT, Aug 2- July U.S. auto sales remained strong as consumers continued to spend on pickup trucks and SUVs but the two biggest manufacturers in the market failed to hit analysts' expectations. By midday, with 80 percent of the U.S. market counted, sales were tracking at 17.4 million vehicles, according to RBC Capital Markets. "What is interesting to note is that...

  • Customers look at a Jeep vehicle for sale on the sales lot of a Chrysler Jeep Dodge dealership in Miami.

    Four major automakers in the U.S. market on Tuesday reported July vehicle sales slightly below expectations.

  • DETROIT, Aug 2- Four major automakers in the U.S. market on Tuesday reported July vehicle sales slightly below expectations as the pent-up demand that has helped drive sales since 2009 plays itself out. In a continuing trend, consumers shunned passenger cars in favor of SUVs and pickup trucks. Ford last week became the first major auto manufacturer to predict an...

  • MILAN, Aug 1- New car sales in Italy, Europe's fourth-largest car market, rose 2.9 percent year on year in July, the transport ministry said on Monday, but the increase was less marked than the double-digit growth recorded in each of the previous six months. "The first semester was characterised by very aggressive promotional campaigns that ended at the end of June...

  • Electric vehicle maker Tesla Motors Inc has changed its internet address from teslamotors.com to tesla.com.

    Tesla staffers told congressional aides they were still trying to understand the "system failure" that led to the crash, a source told Reuters.

  • July 29- AutoNation Inc Chief Executive Mike Jackson told Reuters the U.S. auto dealership chain will continue reducing stocks of unsold vehicles at its stores, responding to signs that U.S. vehicle sales growth has hit a plateau. "We still have work to do on inventory," Jackson told Reuters after the company reported second-quarter earnings from continuing...

  • Morgan Stanley building in New York

    Ford's earnings miss could be a watershed moment for the industry, Morgan Stanley's Adam Jonas says.

  • LONDON, July 28- Britain's June 23 referendum decision to leave the European Union has had far-reaching consequences for the world's economy, businesses, investors and politics. Signs of Brexit stress: 1) Dealership Inchcape expects UK car market growth to slow after Brexit. 2) Countrywide, the UK's biggest lettings and estate agency company, warns on full-year...

  • LONDON, July 28- Britain's June 23 referendum decision to leave the European Union has had far-reaching consequences for the world's economy, businesses, investors and politics. Signs of Brexit stress: 1) Dealership Inchcape expects UK car market growth to slow after Brexit. 2) Countrywide, the UK's biggest lettings and estate agency company, warns on full-year...

  • LONDON, July 28- Britain's June 23 referendum decision to leave the European Union has had far-reaching consequences for the world's economy, businesses, investors and politics. Signs of Brexit stress: 1) Dealership Inchcape expects UK car market growth to slow after Brexit. 2) Countrywide, the UK's biggest lettings and estate agency company, warns on full-year...

  • LONDON, July 28- Britain's June 23 referendum decision to leave the European Union has had far-reaching consequences for the world's economy, businesses, investors and politics. Signs of Brexit stress: 1) Dealership Inchcape expects UK car market growth to slow after Brexit. 2) Countrywide, the UK's biggest lettings and estate agency company, warns on full-year...

  • Red light camera

    Disabling red-light cameras leads to an increase in automotive crash and fatality rates, according to a new IIHS study.

  • The company confirmed a week ago that U.S. regulators were investigating claims by two Chicago- area dealerships that they had been forced by Fiat Chrysler officials to falsify sales reports. An internal review at Fiat Chrysler had found that its U.S. sales figures were inflated by 5,000 to 6,000 vehicles, Automotive News reported on Monday, citing company...

  • July 26- FCA US LLC, the U.S. arm of Fiat Chrysler Automobiles, said it would change the way it reports monthly U.S. vehicle sales, following questions about the current method.

  • Tesla Motors' mass-market Model 3 electric cars are seen in this handout picture from Tesla Motors on March 31, 2016.

    Ever since Tesla announced plans to build a battery plant in Nevada, investors have started paying attention to the silver state's lithium deposits.