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Automotive Retail

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  • Longer auto loans rev up with sales Wednesday, 4 Mar 2015 | 8:54 AM ET
    Toyota dealership, auto dealer, auto sales

    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.

  • Russia puts the brake on global car giants Tuesday, 3 Mar 2015 | 3:16 AM ET

    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.

  • Five of GM's settlement offers have been rejected Monday, 2 Mar 2015 | 6:00 PM ET
    Shop foreman John Chapman performs a service recall on a General Motors 2005 Saturn Ion at Liberty Chevrolet in New Hudson, Michigan, U.S., on Friday, April 25, 2014.

    Seven months after the GM ignition switch victim compensation fund started accepting applications, five offers have been rejected.

  • Buffett backs Barra in General Motors board battle Monday, 2 Mar 2015 | 1:07 PM ET
    General Motors Chief Executive Officer Mary Barra

    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.

  • Russia casts cloud over Europe’s auto optimism Monday, 2 Mar 2015 | 9:58 AM ET

    Despite the improving backdrop for Europe's auto industry, manufacturers are keeping an eye on the uncertainty in Russia

  • Car owners fed up with these failing technologies Wednesday, 25 Feb 2015 | 10:00 AM ET
    An attendee tries out an Apple Inc. iPhone via bluetooth with a Ford Motor Co. Sync AppLink interactive touchscreen display during the 2015 Consumer Electronics Show (CES) in Las Vegas, Nevada.

    In-car connectivity and communication systems are twice as likely to break down after three years than during the first three months.

  • Buick—yes Buick!—cracks top auto rankings Tuesday, 24 Feb 2015 | 12:45 PM ET
    2015 Buick Regal

    Buick has cracked the Consumer Reports annual auto rankings, but what happened to Mercedes?

  • The Nissan Autonomous Drive Leaf electric vehicle

    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.

  • These auto groups are in the fast lane for investors Thursday, 19 Feb 2015 | 9:38 AM ET

    Strong sales, a weaker euro and renewed hopes for the euro zone have helped propel shares in European carmakers to record highs this year.

  • Auto loans surge, but who's buying may surprise you Thursday, 19 Feb 2015 | 6:00 AM ET
    Ford Focus

    American auto buyers are borrowing more than ever, but the people taking out auto loans may surprise you.

  • The real battle Apple is waging in autos Tuesday, 17 Feb 2015 | 1:32 PM ET
    A visitor presses the new Apple's CarPlay touch-screen commands inside the Volvo Estate concept car.

    Many are overlooking the big battle that's already taking shape in the auto industry: Who will win drivers' time behind the wheel?

  • Tesla's Musk has a 'secret weapon' Wednesday, 11 Feb 2015 | 10:48 PM ET

    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 targets cold-weather states with new P85D Wednesday, 11 Feb 2015 | 1:47 PM ET
    Tesla Model S P85D is revealed to the media at the 2015 North American International Auto Show at Cobo Center on January 12, 2015 in Detroit.

    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...

  • Russia's January auto sales down 24.4 pct y/y - AEB Monday, 9 Feb 2015 | 6:49 AM ET

    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.

  • Fewer drinking and driving, but marijuana use up Friday, 6 Feb 2015 | 5:50 PM ET
    Police officer administering sobriety test

    There was a hefty increase in the number of drivers with illegal drugs in their systems, according to the NHTSA.