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Automotive Retail


  • 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.

  • January auto sales rate 16.66 million: Autodata Tuesday, 3 Feb 2015 | 3:55 PM ET
    January auto sales rate 16.66 million: Autodata

    CNBC's Phil LeBeau reports on the number of cars and trucks sold in January.

  • Boost from cheap gas Tuesday, 3 Feb 2015 | 2:19 PM ET
    Boost from cheap gas

    Lower gas prices increases affordability, which can drive car sales, explains former General Motors vice chairman Bob Lutz.

  • Demand for bigger cars Tuesday, 3 Feb 2015 | 2:16 PM ET
    Demand for bigger cars

    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.

  • Big vehicles = big gains as truck, SUV sales soar Tuesday, 3 Feb 2015 | 1:05 PM ET
    2015 Jeep Cherokee

    Americans are buying trucks, SUVs and crossovers at their fastest pace in years.

  • Trucks, SUVs drive US vehicle sales in January Tuesday, 3 Feb 2015 | 11:29 AM ET
    A Chrysler Ram 1500 truck goes through the assembly line at the Warren Truck Assembly Plant in Warren, Michigan.

    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...

  • Automakers on pace for banner year: AutoNation CEO Tuesday, 3 Feb 2015 | 7:52 AM ET
    Ford Focus cars are seen on the sales lot at AutoNation Ford Miami in North Miami, Florida.

    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...

  • Feinberg: 51 deaths eligible for GM compensation Monday, 2 Feb 2015 | 9:18 AM ET
    Kenneth Feinberg, administrator of the GM compensation fund, waits to begin testifying before a Senate committee in July.

    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,...

  • Major car companies sitting out the Super Bowl Thursday, 29 Jan 2015 | 3:22 PM ET
    Still from Mercedes' Super Bowl commercial "Fable"

    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.

  • Pay attention! Your car is watching you Tuesday, 27 Jan 2015 | 11:13 AM ET

    Eye-monitoring systems are quickly becoming a focus for automakers and suppliers, to keep drivers from getting distracted.

  • Soros eyes investing in auto dealer groups -report Monday, 26 Jan 2015 | 10:48 AM ET

    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...

  • Five years from now, you'll want to own these cars Friday, 23 Jan 2015 | 5:29 AM ET
    Members of the media look over the 2016 Lexus GS F at the North American International Auto Show in Detroit, January 13, 2015.

    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.

  • Hot car gazing Wednesday, 21 Jan 2015 | 2:57 PM ET
    Hot car gazing

    Mecum Auctions founder Dana Mecum, provides insight to the strength of the classic car market.

  • The new consumer frenzy: Everyone's buying cars Tuesday, 20 Jan 2015 | 11:46 AM ET
    A salesperson, left, shows vehicles to a shopper at the Toyota of Deerfield dealership in Deerfield Beach, Fla.

    Across the country, auto dealerships are experiencing a rare combination: strong demand, strong pricing and no sign of it slowing down in the near future.

  • UPDATE 1-European car sales return to growth in 2014 Friday, 16 Jan 2015 | 4:19 AM ET

    FRANKFURT, Jan 16- European Union passenger car registrations rose 5.7 percent in 2014, thanks to government incentives, tax breaks and a consumer shift to cheaper brands like Dacia and Skoda that helped the market to return to growth after six consecutive years of declining sales. An 18 percent rise in demand in Spain and a 9.3 percent increase in...

  • MOSCOW, Jan 15- Forecasts for a more than 24 percent drop in car sales in Russia this year are "optimistic," automakers said on Thursday, suggesting the rouble slump could mean further price rises or the end of foreign imports. Joerg Schreiber, chairman of the AEB Automobile Manufacturers Committee, expected 1.89 million new passenger cars and light commercial...