NEW YORK-- A William Blair analyst on Tuesday downgraded CarMax Inc. to "Market Perform" from "Outperform," saying that sales expectations for the used car dealership chain may be too high and pointing to the steep increase in its share price.» Read More
*Honda hopes to sell 150,000 autos in 2013. "The Canadian industry is a very mature market, but I think we believe it will top 1.7 million for the next two to three years," Dave Gardner, vice president of sales and marketing at Honda, told Reuters at Canadian International Auto Show. "
GM reported fourth quarter earnings on Thursday that fell short of analysts' expectations, as losses in Europe widened and prices in its key North American market softened.
Retail sales barely rose in January as tax increases and higher gasoline prices restrained spending. Separately, import and export prices rose slightly less than expected in the month.
ORLANDO, Fla., Feb 10- Ford Motor Co sees no major impact on February U.S. auto sales due to the weekend storm that hit the Northeast, a company executive said on Sunday. Ken Czubay, head of U.S. sales, service and marketing for Ford, said that unlike Superstorm Sandy that struck the same area last October, no significant infrastructure damage is expected.
ORLANDO, Florida, Feb 8- The U.S. auto industry and the nation's economy face a reckoning despite recent gains in economic growth and vehicle sales, both fueled by stimulus programs, the head of the largest U.S. auto dealer group said on Friday.
WASHINGTON, Feb 8- U.S. wholesale inventories unexpectedly fell in December as auto dealers and agricultural suppliers drew down their stocks, a negative signal for economic growth at the end of the year. The Commerce Department said on Friday wholesale inventories dropped 0.1 percent to $497.65 billion.
LONDON, Feb 4- Platinum rose on Monday after mostly upbeat U.S. data signalled the economic recovery is gaining traction, with a soft earnings update from the world's biggest platinum miner and strong monthly U.S. car sales reports adding to support.
Car sales extended their declines in France, Spain and Italy last month, data showed on Friday, leaving little hope of a European auto market rebound anytime soon.
*Chrysler ousts Ford as No. 1 in sales in Canada in January. Feb 1- Auto sales in Canada slipped 2.2 percent in January, data showed on Friday, on weaker demand for European vehicles and strong comparable data from a year ago when Japan's automakers were rebounding from earthquake and tsunami disruptions.
*GM, Ford, Toyota top Wall Street forecasts. *Chrysler, Honda, Nissan fall short of analysts' estimates. "We all started the year with a little bit of apprehension with the fiscal cliff debates and the new tax rates," said Toyota Motor Corp's Bill Fay, head of U.S. sales for the Toyota brand. "
If January is any indication, 2013 could be another big year for auto sales in the U.S.
American consumers ignored tax increases and tromped through the winter chill to buy new cars and trucks at an unusually strong pace last month.
*GM, Ford, Toyota top Wall Street forecasts. DETROIT, Feb 1- Several major automakers, including General Motors Co and Toyota Motor Corp, posted better-than-expected U.S. vehicle sales for January, kicking off the fourth straight year of the sector's recovery from the depths of recession.
PARIS, Feb 1- Car sales extended their declines in France, Spain and Italy last month, data showed on Friday, leaving little hope of a European auto market rebound anytime soon. "The French passenger car market started 2013 on as weak a note as it exited 2012," analyst David Arnold at Credit Suisse said in a note.
DETROIT, Feb 1- General Motors Co and Ford Motor Co, the two largest U.S. automakers, reported better-than-expected January auto sales, buoyed by a strong showing in small cars and crossovers.
Jan 31- AutoNation Inc, the largest U.S. auto dealer group, said strong new vehicle sales boosted its fourth-quarter net income by 20 percent and revenue by 13 percent. In early trading on the New York Stock Exchange on Thursday, AutoNation shares were up 0.6 percent at $45.35.
Toyota Motors regained the crown as the world's top selling automaker in 2012, posting record-high sales and beating rivals General Motors and Volkswagen.
*Toyota sells record 9.75 million vehicles group-wide. TOKYO, Jan 28- Toyota Motor Corp regained the crown as the world's top selling automaker in 2012, posting record-high sales and beating rivals General Motors and Volkswagen.
The industry is expected to report on Feb. 1 an annual sales rate in January of 15.3 million vehicles, according to analysts polled by Thomson Reuters. J.D. Power and LMC Automotive, in a joint press release, said they expect U.S. retail sales in January to reach the highest rate in five years.
Mitsubishi Motors said it is recalling about 14,700 electric vehicles globally due to a brake problem unique to the electric-powered cars in one of the biggest callbacks involving the new generation of eco-friendly cars.