DETROIT, July 24- U.S. auto sales in July will be the strongest for the month since 2006, and rise 9 percent from last year, automotive industry consultants J.D. Power and LMC Automotive predicted on Thursday. Consumers were expected to spend about $36 billion on new vehicles in July, said John Humphrey, senior vice president at J.D. Power.» Read More
John O'Dell, Edmunds senior editor, shares his thoughts on General Motors CEO Mary Barra's statements regarding GM's ignition switch recall. O'Dell says this is the kind of significant fault needed to make the kind of changes GM says it wants to make.
GM CEO Mary Barra will take "significant actions" that include holding specific employees accountable for the ignition switch defect.
General Motors has apologized to the families of accident victims who have been asked to bring in cars to replace defective ignition switches.
A 12.1 percent surge in truck demand helped lift May vehicle sales by 5.7 percent to 195,571 vehicles, said Dennis DesRosiers of DesRosiers Automotive Consultants, offsetting a 1.7 percent drop in car sales.
CNBC's Phil LeBeau and Steve Liesman discuss what the huge surge in May auto sales say about housing and the strength of the U.S. economy.
CNBC's Phil LeBeau reports May's monthly auto sales rate is the highest since February 2007.
CNBC's Phil LeBeau breaks down better-than-expected auto sales in May.
General Motors Co and Chrysler Group said May sales were the best for that month in seven years. Nissan Motor Co set a sales record for May and Hyundai Motor Co had its best month ever. Ford Motor Co and Toyota Motor Corp also topped forecasts.
Increasingly, buyers are coming into showrooms because they want to—not just because they need to replace their current model.
WASHINGTON, June 3- New orders for U.S.-made factory goods rose for a third straight month in April and top automakers reported strong vehicle sales in May, boosting the outlook for second-quarter economic growth. Everything looks set for solid growth in the second half of this year, "said Gus Faucher, senior economist at PNC Financial Services Group.
CNBC's Steve Liesman provides insight to what strong May U.S. auto sales data says about the overall economy. Phil LeBeau, weighs in.
TORONTO, June 3- Ford Motor Co of Canada Ltd said on Tuesday that it led Canadian auto sales in May, despite a 2.3 decline in total sales to 31,754 vehicles. Automakers in the United States reported higher-than-expected new car sales in May on Tuesday, underpinning a broader economic recovery.
CNBC's Phil LeBeau reports on strong showroom sales from Chrysler, Ford, GM and Nissan in May. LeBeau says all the major automakers beat the Street's estimates last month.
General Motors May U.S. sales were up 12.6 percent. CNBC's Jim Cramer and David Faber remark on both General Motors and Ford's strong May U.S. sales data.
CNBC's Phil LeBeau reports May U.S. sales data from General Motors and Ford. Ford had its best retail May since 2004.
David Shepardson, Washington Bureau Chief and Automotive Reporter, The Detroit News, and CNBC's Phil LeBeau discuss the newest models from Tesla, and why their model numbers spell S-E-X.
By 2035, three out of four vehicles sold around the world will have autonomous technology, according to Ernst & Young.
Former U.S. Attorney Anton Valukas is expected to deliver the results of his independent investigation to GM's CEO and board.
Automakers including Toyota Motor Corp and Honda Motor Co sold a total of 363,370 vehicles, data from the Japan Automobile Dealers Association and Japan Light Motor Vehicle and Motorcycle Association showed.
Americans are more comfortable taking on debt, with auto buyers borrowing a record amount in the first quarter with the average monthly high of $474.