Automotive Retail


  • DETROIT, Jan 5- Automakers reported strong December U.S. sales Monday, boosted by falling gas prices, but industry executives and analysts cautioned that growth would slow this year after five years of rapid recovery from the recession. General Motors Co easily beat analyst expectations, logging a 19 percent gain to 274,483 vehicles, the best December for the No....

  • GM sales increases whopping 19.3%   Monday, 5 Jan 2015 | 9:15 AM ET
    GM sales increases whopping 19.3%

    CNBC's Phil LeBeau reports the latest sales numbers for General Motors and Ford.

  • DETROIT, Jan 5- Fiat Chrysler Automobiles said its U.S. sales rose 20 percent on strong Jeep SUV and pickup truck sales but still missed expectations of analysts. Nissan Motor Co's December U.S. sales narrowly topped and Honda Motor Co. And a separate poll of 35 economists polled by Thomson Reuters showed that they expect on average an annualized selling rate for...

  • *BMW and China dealers reach settlement over subsidies. SHANGHAI/ FRANKFURT, Jan 5- BMW will pay 5.1 billion yuan to auto dealers who pressured Europe's top luxury carmaker to share the cost of overstocked showrooms in the world's largest car market, BMW's main Chinese dealership group said on Monday. BMW started subsidizing its dealers in 2012 due to falling...

  • Hands free driving's big test Sunday, 4 Jan 2015 | 8:13 PM ET

    Audi allowed CNBC's Phil LeBeau to test drive the A7 with piloted driving technology, an experience that he found surprisingly normal.

  • Diesel users get shut out of gas plunge party Sunday, 4 Jan 2015 | 9:21 AM ET
    A customer refuels his vehicle at a U-gas station in Miami.

    Drivers who depend on diesel fuel were still paying an average of $3.21 a gallon as of Dec. 29.

  • SEOUL, Jan 2- South Korean automaker Hyundai Motor Co and affiliate Kia Motors Corp aim to boost global sales by 2.5 percent this year to a combined 8.2 million vehicles, group chairman Chung Mong- koo said on Friday.

  • Gas prices down, car sales way up   Wednesday, 31 Dec 2014 | 2:40 PM ET
    Gas prices down, car sales way up

    Automakers and car dealers are seeing sales on pace for more than 17 million this year. Paul Ingrassia, Reuters managing editor, discusses the strong outlook for the U.S. versus China and Europe.

  • 'Safest' cars list almost doubles for 2015 Tuesday, 23 Dec 2014 | 5:09 PM ET
    2015 Honda CR-V

    A total of 71 vehicles have earned either a Top Safety Pick or Top Safety Pick+ award, up from just 39 models during 2014.

  • Cha-ching: Auto sales to reach $1.1 trillion Friday, 19 Dec 2014 | 1:56 PM ET
    A salesperson, left, shows vehicles to a shopper at the Toyota of Deerfield dealership in Deerfield Beach, Fla., last October.

    Combined new and used auto sales are likely to rise 8.3 percent to $1.1 trillion this year, according to TrueCar.

  • No time to charge? Tesla now offers battery swap Friday, 19 Dec 2014 | 1:00 PM ET
    Tesla Model S

    Tesla has opened its first battery-swap station, as it takes the next step in eliminating range anxiety and inconvenience for owners.

  • Tesla unveils battery swap station   Friday, 19 Dec 2014 | 12:58 PM ET
    Tesla unveils battery swap station

    Tesla has debuted its first battery swap station in the world. CNBC's Phil LeBeau reports the station is in California.

  • Dec 19- CarMax Inc, the largest U.S. used-car seller, reported a 16 percent rise in quarterly revenue as easier availability of credit helped it sell more pre-owned vehicles at higher prices. CarMax said its used vehicle sales rose 17 percent in the third quarter ended Nov. 30, accounting for more than three-quarters of the company's total revenue.

  • Dec 19- CarMax Inc, the largest used-car seller in the United States, reported a 16 percent rise in quarterly revenue as easier availability of credit boosted car sales. Net income rose to $130 million, or 60 cents per share, from $106.5 million, or 47 cents per share, a year earlier. CarMax, which also sells new cars, said its used car sales rose 14 percent to 139,158 units.

  • Put blind spots behind you with this high-tech car Thursday, 18 Dec 2014 | 3:00 PM ET
    This high-tech rearview mirror will be featured in Cadillac’s 2016 CT6.

    Cadillac will incorporate streaming video into the CT6's rearview mirror.

  • DETROIT, Dec 18- U.S. auto sales will end the year strongly, as December sales will be 10.4 percent higher than a year ago, JD Power& Associates and LMC Automotive said on Thursday. U.S. auto sales will hit 17 million in 2015 for the first time since 2001, the two consultancies also said. For December, U.S. auto sales will reach 1,498,200 vehicles, JD Power and LMC...

  • Big 3 dominance slipping as competition heats up Thursday, 18 Dec 2014 | 7:10 AM ET
    2015 Nissan Murano.

    The sales lead of the Big Three automakers—especially GM and Ford—is a far cry from what it was in 2000 as competition heats up.

  • New tech, cops put wheelmen out of work Wednesday, 17 Dec 2014 | 3:15 PM ET
    Auto theft

    Car theft has plunged 58 percent since its all-time high, according to new FBI data.

  • BERLIN, Dec 15- Volkswagen's ultra-luxury brand Bentley has raised its target for sales as the British carmaker plans to add models such as its first ever sport-utility vehicle, Frankfurter Allgemeine Zeitung reported on Monday. Bentley is now targeting 20,000 annual deliveries by 2020, double its 2013 sales and an expansion of the brand's original goal of...

  • Volvo to launch online car sales in marketing shift Monday, 15 Dec 2014 | 12:00 AM ET

    PARIS, Dec 15- Volvo Car Corp said it will start selling vehicles online as it rolls out new models to compete with German luxury rivals such as BMW. "The plan is to have all our car lines in all our markets offered digitally," Volvo sales chief Alain Visser said in an interview. But Volvo has assured its 2,000 global dealerships, half of which are in Europe, that it has no...