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.» Read More
Discussing the correlation between cheap gas, and auto sales, as well as the health of the luxury auto market, with Earl Hesterberg, Group 1 Automotive CEO.
Ford, moving to keep up with growing demand for its new F-150 pickup, is hiring more workers to support increased production of the truck.
DETROIT, Feb 3- U.S. auto sales in January month were the highest for any January since 2006, Autodata Corp said on Tuesday.
NEW YORK, Feb 3- U.S. stocks rose more than 1 percent on Tuesday, led by gains in energy shares as oil prices extended their recent rally, while higher-than-expected January car sales also bolstered the advance.
CNBC's Phil LeBeau reports on the number of cars and trucks sold in January.
Lower gas prices increases affordability, which can drive car sales, explains former General Motors vice chairman Bob Lutz.
Are lower gas prices having an impact on car sales? CNBC's Phil LeBeau explains the impact to the type of vehicle people are buying during a period of cheaper gas.
Americans are buying trucks, SUVs and crossovers at their fastest pace in years.
January U.S. car sales analysts' expectations, as low gasoline prices and easy credit terms helped fuel sales of utility vehicles and big pickups.
DETROIT, Feb 3- January U.S. car sales by the three Detroit- based automakers topped analysts' expectations, as low gasoline prices and easy credit terms helped fuel sales of utility vehicles and big pickups. Sales of trucks and SUVs accounted for 69 percent of January sales at General Motors Co, Ford Motor Co and Fiat Chrysler Automobiles, compared with 66 percent a...
DETROIT, Feb 3- AutoNation Inc, the largest U.S. auto dealer group, on Tuesday posted a higher-than-expected quarterly profit due to strong profit margins from new and used vehicle sales, driving its shares up nearly 8 percent. AutoNation Chief Executive Officer Mike Jackson said in an interview that low gasoline prices of about $2 a gallon, generous financing...
The auto industry is off and running to break through 17 million unit sales this year, AutoNation's Mike Jackson tells CNBC.
DETROIT, Feb 3- AutoNation Inc, the largest U.S. auto dealer group, on Wednesday posted a stronger-than-expected quarterly profit and said it still expected U.S. industry new-vehicle sales in 2015 to top 17 million for only the third time in history. Net income in the fourth quarter rose almost 7 percent to $116.7 million, or $1.02 a share, from $109.4 million, or 89...
Kenneth Feinberg's designation far surpasses GM's eligibility number of 13 deaths.
INGOLSTADT, Germany, Jan 30- German luxury carmaker Audi could reach its goal of 2 million sales a year before its 2020 target, helped by revamped models and new sport-utility vehicles, its chief executive told Reuters. Rupert Stadler said demand in Europe, where Audi sold 44 percent of its cars last year, was stable, while he was upbeat about prospects for China,...
General Motors, Ford and Audi are among the list of automakers that have decided not to spend $4.5 million to run 30-second commercials.
Eye-monitoring systems are quickly becoming a focus for automakers and suppliers, to keep drivers from getting distracted.
DETROIT, Jan 26- Billionaire financier George Soros wants to invest in or buy a large automotive dealership group, potentially following in the footsteps of Warren Buffett, Automotive News reported. Two representatives of Soros Fund management, which Soros chairs, attended the National Automobile Dealers Association convention in San Francisco over the...
Subaru and Lexus saw sales grow faster than the industry average, the two are also selling models expected to retain more of their value than rivals.
Mecum Auctions founder Dana Mecum, provides insight to the strength of the classic car market.