There's no shortage of luxury vehicle choices, but increasingly the wealthy are opting for high-end SUVs instead of traditional models.» Read More
New data from Experian show auto loans with terms of six or more years surged in the fourth quarter.
Eleven analysts surveyed by Thomson Reuters had expected a year-to-year gain of 7.1 percent. The 48 economists polled by Thomson Reuters, on average, predicted annualized sales in February of 16.7 million vehicles. "There was definitely a slowdown" in sales after February 20, "said Mark LaNeve, Ford Motor Co's U.S. sales vice president.
*Best Buy climbs after results. *Citigroup to sell OneMain Financial to Springleaf Holdings. It's predicated on the fact that when you get up around new highs market participants tend to get a little vertigo, "said Art Hogan, chief market strategist at Wunderlich Securities in New York.
The Russian car market could take up to five years to recover from the country's economic volatility, leaders in the global auto industry believe.
Seven months after the GM ignition switch victim compensation fund started accepting applications, five offers have been rejected.
Warren Buffett also says it's a bad idea for GM's board to include a director who will be compensated by a group of hedge funds that own a stake.
Despite the improving backdrop for Europe's auto industry, manufacturers are keeping an eye on the uncertainty in Russia
In-car connectivity and communication systems are twice as likely to break down after three years than during the first three months.
Buick has cracked the Consumer Reports annual auto rankings, but what happened to Mercedes?
Marc Winterhoff sees the great auto shake out coming over the next 15-20 years. That's when self-driving, or autonomous drive, vehicles will take off.
Strong sales, a weaker euro and renewed hopes for the euro zone have helped propel shares in European carmakers to record highs this year.
American auto buyers are borrowing more than ever, but the people taking out auto loans may surprise you.
Many are overlooking the big battle that's already taking shape in the auto industry: Who will win drivers' time behind the wheel?
Leave it to Tesla's Elon Musk to spice up a quarterly earnings call with a vague comment that will spark speculation on what's coming up next.
Tesla rolled out the new Model S P85D, a performance edition of its flagship Model S, in an attempt to expand sales in cold-weather states.
NEW YORK, Feb 10- The U.S. Department of Justice said on Tuesday that it reached a settlement in its first-ever discrimination case against auto dealers who also finance the purchase of used cars. Two so-called "buy here, pay here" dealerships in Charlotte, North Carolina, Auto Fare Inc and Southeastern Auto Corp, agreed to set aside $225,000 to reimburse...
MOSCOW, Feb 9- New car sales in Russia slumped 24.4 percent in January year-on-year, the Association of European Businesses lobby group said on Monday.
MOSCOW, Feb 9- Russian car sales are expected to decline by 25-35 percent this year, accounting firm PricewaterhouseCoopers said on Monday, hit by a sharp economic slowdown and devaluation of the rouble. Russia, a country with 143 million people, has been a booming market for car producers since the fall of the Soviet Union. But with the economy heading for...
MOSCOW, Feb 9- Russian car sales are expected to decline by 25-35 percent this year, PricewaterhouseCoopers said on Monday, hit by a sharp economic slowdown and devaluation of the rouble. PwC said in a presentation that sales could reach 1.52 million to 1.75 million units, compared to 2.34 million autos sold in 2014. It would be the second year of declines in a row.
There was a hefty increase in the number of drivers with illegal drugs in their systems, according to the NHTSA.