LMC CHIEF FORECASTER SAYS' LOOKS LIKE U.S.
LMC MAINTAINS FULL-YEAR 2016 U.S.
ALTHOUGH PEAK MAY HAVE BEEN 2015, U.S.
AUTO SALES FORECAST AT 16.8 MILLION VEHICLES AT ANNUALIZED RATE, FROM 17.7 MLN YR AGO- JD POWER-LMC.
AUTO SALES FORECAST TO FALL 5.2 PCT FROM YR AGO- JD POWER-LMC AUTOMOTIVE.
DETROIT, Aug 25- August U.S. auto sales will be 5.2 percent below a year ago, adding to evidence that the peak of industry sales was in 2015, consultancies J.D. Power and LMC Automotive said on Thursday. "With mixed economic signals, it certainly looks like U.S. auto sales may have peaked in 2015," said Jeff Schuster, head of forecasting at LMC. "However, it is important to...
San Diego resident Mark Holthoff, a manager for a community site for used-car enthusiasts called Klipnik.com, was disappointed when he saw the value of his 2014 Volkswagen Golf TDI plummet 30 percent after the "dieselgate" scandal broke in September 2015. But Holthoff felt better after reading the terms of the proposed $14.7 billion settlement and...
Singapore is taking the next step in the world's move towards self-driving vehicles with the first public trial of autonomous-drive taxis.
The new Tesla battery pack is unlikely to boost sales much, a Kelley Blue Book expert told CNBC.
For the second year in a row, the number of people killed in traffic fatalities increased substantially from January through June.
Demand from ultra-wealthy car buyers for the new Ford GT has led the automaker to sell another 500 copies of the carbon fiber supercar.
The commercial vehicle, which will not include a steering wheel or pedals, will be used by ride-hailing and ride-sharing companies.
Ford is accelerating plans to develop self-driving cars as it races to keep up with its traditional competitors and technology companies.
Hyperloop One, a controversial company with big dreams and potentially big legal problems, is planning to develop Hyperloop runs around the world.
Starting this fall, certain Audi models will include a feature that tells motorists how long it will be until the red light changes to green.
An S&P Global analyst joined CNBC's "Closing Bell" to talk Tesla and whether the company is worth the investment risk.
Aug 5- Canadian auto parts maker Magna International Inc reported a better-than expected rise in quarterly profit on Friday, helped by strong vehicle sales in North America and Europe, sending shares higher. Magna, which bought German automotive supplier Telemotive AG in April to expand into vehicle connectivity, counts General Motors Co, Volkswagen AG, BMW...
LONDON, Aug 4- British new car registrations fell marginally in July, the first time sales have fallen two months in a row for four and a half years, preliminary industry data covering the first full month since the Brexit vote showed on Thursday. The Society of Motor Manufacturers and Traders will publish full data at 0800 GMT but it said there appeared to have been...
MONTREAL, Aug 3- Ford Motor Co on Wednesday reported higher Canadian auto sales for July, on an annual basis, as forecasters expect another record-breaking year for the sector in Canada. Ford's numbers follow a record-breaking June for the sector with auto sales rising 7.4 percent to 191,088 on an annual basis, according to Canadian auto analyst Dennis...
*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.