Automotive Retail


  • UPDATE 1-Luxury vehicle sales boost Asbury's profit Tuesday, 22 Jul 2014 | 7:18 AM ET

    *Profit $1.18/ shr vs est $1.09/ shr. The company, which gets most of its revenue from the sale of luxury and mid-line cars made by BMW, Mercedes-Benz and Honda, said it sold 13 percent more luxury cars at stores opened for at least a year.

  • Luxury vehicle sales boost Asbury's profit Tuesday, 22 Jul 2014 | 6:43 AM ET

    July 22- U.S. auto dealer Asbury Automotive Group Inc posted a 33 percent jump in quarterly profit, driven by strong demand for luxury vehicles. The company's net income rose to $35.9 million, or $1.18 per share, in the second quarter ended June 30, from $27 million, or 87 cents per share, a year earlier. Revenue increased 12 percent to $1.50 billion.

  • The safest used cars for teen drivers Saturday, 19 Jul 2014 | 11:00 AM ET

    The Insurance Institute for Highway Safety issued its first list of used vehicles that it most recommends for young motorists.

  • Nissan ramps up push into self-driving vehicles Friday, 18 Jul 2014 | 10:06 AM ET
    The Nissan Autonomous Drive Leaf electric vehicle is test driven during the Nissan 360 event in Irvine, Calif.

    Before Nissan's first self-driving cars go on sale in 2020, it will launch new technologies that supplement the driver behind the wheel.

  • Insurance for teen drivers? Prepare to pay more Thursday, 17 Jul 2014 | 2:39 PM ET

    The insurance bill for the typical married couple will jump an average 79 percent when a teen driver is added, according to a report.

  • DETROIT, July 17- Shares of AutoNation Inc, the largest U.S. auto dealer group, fell as much as 8 percent on Thursday after its earnings missed analysts' expectations. Analyst Joseph Amaturo of the Buckingham Research Group said he was "unimpressed" with AutoNation's results and that the company was not expanding its share of the U.S. new-vehicle market.

  • Bigger is better: SUVs, crossovers outsell sedans Thursday, 17 Jul 2014 | 10:34 AM ET
    2014 Jeep Cherokees

    Utility vehicles accounted for 36.5 percent of the overall American market during the first five months of 2014.

  • MILAN, July 17- New car sales in Europe rose 4.3 percent in June, industry data showed on Thursday, as an economic recovery in southern Europe, new product launches and retail incentives boosted demand for mass-market brands.

  • GM's legal tactics in the crosshairs of Congress Thursday, 17 Jul 2014 | 12:00 AM ET
    General Motors CEO Mary Barra briefs the news media at the General Motors annual shareholder's meeting at GM world headquarters June 10, 2014 in Detroit.

    For over a decade, the General Motors legal department quietly worked to contain the damage of defective ignition switches.

  • VW passes GM in global auto sales race Wednesday, 16 Jul 2014 | 1:37 PM ET

    DETROIT— Volkswagen bumped General Motors out of second place in the global auto sales race during the first half of the year, but Toyota is expected to stay in first place. Toyota won't release first-half numbers until later this month.

  • Gov. Christie: Looked away for a year from Tesla     Wednesday, 16 Jul 2014 | 1:37 PM ET

    New Jersey Governor Chris Christie says he gave Tesla a year to sell directly to customers, and gave the company time to work with the legislator, but it didn't, and he had to enforce the law.

  • GM global sales rise in second quarter Wednesday, 16 Jul 2014 | 1:14 PM ET

    General Motors' two largest markets, China and the U.S., drove the company's results.

  • Tesla to name small car 'Model 3'     Wednesday, 16 Jul 2014 | 1:11 PM ET

    Tesla says it will name its planned small car the Model 3, and the vehicle will compete with BMW's 3 series sedans, reports CNBC's Morgan Brennan.

  • General Motors Q2 sales climb 0.5%     Wednesday, 16 Jul 2014 | 1:10 PM ET

    CNBC's Phil LeBeau reports what's driving sales at General Motors globally, despite its recall crisis.

  • Tumbling car sales in Russia dampen fanfare for new sedan Wednesday, 16 Jul 2014 | 8:18 AM ET

    TOGLIATTI, Russia, July 16- To the pounding beat of house music and a triumphant trip down memory lane, the launch of Datsun's on-Do family sedan at Russia's largest automaker on Monday was hailed as a sure success.

  • US retail sales tick up 0.2 percent in June Tuesday, 15 Jul 2014 | 8:37 AM ET

    WASHINGTON— U.S. retail sales increased slightly in June, evidence that consumers remain cautious despite steady job gains this year. Retail sales rose just 0.2 percent last month, the Commerce Department said Tuesday, held back by a sharp drop at building and garden supply stores. Sales also fell at restaurants and at auto dealers.

  • WASHINGTON, July 15- U.S. retail sales increased less than expected in June as receipts at automobiles dealerships surprisingly fell, but details of Tuesday's report suggested the economy was on a solid footing at the end of the second quarter.

  • VW to spend $900M at Tennessee plant on new SUV Tuesday, 15 Jul 2014 | 1:40 AM ET

    Volkswagen will spend $900 million to build a mid-sized SUV at its U.S. plant in Tennessee.

  • This Hellcat could be the most powerful muscle car ever Saturday, 12 Jul 2014 | 10:00 AM ET
    The 2015 Dodge Challenger SRT Hellcat.

    Earlier this month the brand revealed what it is calling "the most powerful muscle car ever," coming in at a screeching 707 horsepower.

  • Cadillac names new boss as sales fall Friday, 11 Jul 2014 | 10:53 AM ET
    Johan De Nysschen

    General Motors has hired Johan de Nysschen to run its struggling Cadillac division.