DETROIT, June 1- The U.S. auto industry looks set for another record year, even as May new-vehicle sales reported so far on Wednesday showed a decline due to weak demand for sedans. General Motors Co, the largest U.S. automaker, reported a 14.3 percent drop to 240,450 vehicles from a year earlier. In pickup trucks, sales fell 12.7 percent for its Chevrolet Silverado and...
DETROIT, June 1- The U.S. auto industry looks set to remain on course for another record year in 2016, even if new vehicle sales in May reported later on Wednesday fall as much as expected, analysts and economists said. Fiat Chrysler Automobiles said sales rose 1 percent to 204,452 new vehicles from a year earlier on a 14 percent gain for its Jeep SUV brand.
DETROIT, June 1- The U.S. auto industry looks set to remain on course for another record year in 2016, even if new vehicle sales in May reported later on Wednesday fall as much as expected, analysts and economists said. Forty economists polled by Thomson Reuters expect on average a seasonally adjusted selling rate of 17.3 million vehicles for May, not greatly...
In a trendy part of Manhattan, Cadillac is taking the next step in its efforts to revitalize its brand image and reach a new audience.
Ride- and car-share services are becoming more popular with millennials, yet a new study finds the group is finally warming up to ownership.
A new report gave muscle cars mixed grades when it comes to protecting passengers from one of the deadliest and most common collisions.
OTTAWA, May 20- Canadian retail sales fell more than expected in March as consumers bought fewer cars, underscoring expectations that the economy slowed heading into the second quarter. The core inflation rate, which strips out some volatile items and is watched by the Bank of Canada, was more robust, rising to 2.2 percent. "I don't think it changes the big picture...
JD POWER-LMC SAY TWO FEWER SELLING DAYS IN MAY 2016 VS MAY 2015 A CAUSE FOR FEWER VEHICLE SALES.
MAY AUTO SALES DOWN 5.7 PCT FROM YR AGO.
JD POWER-LMC SAYS' VEHICLE SALES GROWTH APPEARS TO BE FLATTENING OUT'.
JD POWER-LMC FORECAST SEASON-ADJUSTED ANNUALIZED RATE FOR U.S.
JD POWER-LMC LOWERS 2016 FULL-YEAR AUTO SALES FORECAST TO 17.7 MILLION VEHICLES FROM 17.8 MILLION VEHICLES.
DETROIT, May 19- The days of lofty year-over-year increases in monthly U.S. auto sales may be reaching an end, industry consultants J.D. Power and LMC Automotive said on Thursday. "Vehicle sales growth appears to be flattening out," said Jeff Schuster, head of forecasting for LMC Automotive. Deirdre Borrego, manager of automotive data at J.D. Power, said there is a...
Investors have soured on the retail sector recently. Here’s how to trade a rebound. CNBC’s Deirdre Bosa breaks down the best stock picks to play when the SPDR S&P Retail ETF rises 8 percent in one month.
With auto sales cruising at a near record pace, the amount of money borrowed by car, truck and SUV buyers topped $1 trillion for the first time ever.
Silicon Valley company Alta Motors is making a faster, quieter, and more nimble version of the traditional gas-powered motorcycle.
European car sales rose 9 percent in April, industry data showed on Friday.
EUROPEAN CAR SALES UP 9 PCT IN APRIL TO 1.3 MLN VEHICLES- ACEA.
EUROPEAN CAR SALES UP 8.3 PCT IN JAN-APRIL TO 5.25 MLN VEHICLES.