TORONTO/ VANCOUVER, June 2- New car and truck sales in Canada hit a record high in May, with Chrysler leading the pack as the top-selling carmaker for the month and bolstered by strong demand for luxury vehicles, according to data released on Tuesday. Auto sales were up 1.1 percent, with 197,937 cars and light trucks sold in Canada, industry data showed.» Read More
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.
The new Jeep Renegade, which is produced in Europe and sold predominantly in the U.S., is poised to reap the benefits of a strong dollar.
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...