What dominated the Tesla earnings call were questions about the company's plan to build and sell battery powered stationary storage units.» Read More
Small SUVs and compact crossover utility vehicles are now the most popular new vehicles in the U.S. according to analysis by TrueCar.
TORONTO, May 1- General Motors Co jumped to the top of the Canadian sales rankings for April as it sold 15 percent more cars and trucks than a year earlier, the company said on Friday, winning a crown usually held by its rivals. "Despite the troubling oil industry in Canada, vehicle companies reported an all-time best April in sales in the Canadian automotive history,"...
DETROIT, May 1- U.S. auto industry sales in April came in below expectations as Asia's major carmakers' results disappointed, offsetting strong gains for trucks and SUVs made by General Motors and Ford. Sales reported on Friday by Japan's Nissan, Toyota and Honda, as well as the combined results for South Korea's Hyundai and its Kia affiliate, all missed...
A big drop in gas prices, to an average of $2.60 a gallon from $3.69 a year ago, also works in favor of SUVs. The Equinox posted a 42 percent sales increase to almost 29,000 in April, while Cruze sales fell nearly 4 percent to just under 21,000. Both vehicles are made by General Motors. Honda's CR-V, the top-selling SUV, posted a 3 percent gain to more than 29,000,...
Tesla shares are having their best month in more than a year leading up to the company's battery announcement.
At least $750 million worth of vehicles were stolen between 2012 and 2014 because motorists left the keys inside, according to the NICB.
April 28- Sirius XM Holdings Inc reported an 8.3 percent rise in quarterly revenue as strong U.S. auto sales drove an increase in paying subscribers for the satellite radio service. The company's net income rose to $105.7 million, or 2 cents per share, in the first quarter ended March 31, from $94.0 million, or 2 cents per share, a year earlier. Revenue rose to $1.08...
*Longer-term outlook for Spain's economy unclear. MADRID, April 28- At Diego Manrique's second-hand car dealership on the outskirts of Madrid, business is picking up. This recovery in consumer confidence is underpinning official forecasts for a rise in Spain's growth to 2.9 percent this year from last September's 2 percent.
April 24- Industry consultants LMC Automotive and J.D. Power on Friday forecast that April U.S. auto sales will rise 5.4 percent from a year ago. On an annualized basis, April U.S. sales will be 16.6 million vehicles, the consultancies said. LMC also held its forecast for this year's auto sales at 17 million vehicles, up 3 percent from last year.
Vehicle owners are most interested in technology that will keep them safe, according to a new study by J.D. Power.
DETROIT, April 22- AutoNation Inc, the largest U.S. auto dealer group, on Wednesday posted stronger-than-expected quarterly profit as sales for both new and used vehicles rose. "While expectations were high coming into the quarter, we believe AutoNation did well enough to keep the bulls interested," Shanker said in a research note. Net income in the first quarter...
DETROIT, April 22- AutoNation Inc, the largest U.S. auto dealer group, on Wednesday posted stronger-than-expected quarterly profit as sales for both new and used vehicles rose, sending shares up 2.5 percent in premarket trading. Net income in the first quarter rose to $111.5 million, or 97 cents a share, from $95.1 million, or 78 cents a share, a year earlier.
SUVs are becoming more popular in inner China, causing automakers to boost production on the vehicles.
LONDON, April 17- With many of Britain's classic car brands now foreign-owned, fund managers and brokers are turning to domestic-listed dealerships to cash in on resurgent car sales and wage growth in the UK without investing abroad. Data this month showed that UK new car registrations rose 6 percent in March, setting a record for the month this century, while...
Bentley Motors Limited has been named as the least reliable used car manufacturer of 2015 in the UK, followed by Porsche, according to a new survey.
Your premium doesn't go up as often after a ticket as you might think, a study finds.
It may be lighter and feature an aluminum body, but Ford's new pickup passed a major test of its ability to protect passengers.
The combination of surging new and used vehicle sales, demand for financing and busy service departments helped auto dealers post their record year.
Surging vehicle sales, strong demand for financing and busy service departments helped auto dealers post their best year ever.
Warren Buffett said the car-dealership model isn't going to change anytime soon. Here's why he's wrong, says auto-industry consultant Daron Gifford.