There's no shortage of luxury vehicle choices, but increasingly the wealthy are opting for high-end SUVs instead of traditional models.» Read More
Mecum Auctions founder Dana Mecum, provides insight to the strength of the classic car market.
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.
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...
MOSCOW, Jan 15- New car sales in Russia will drop 24.2 percent this year after falling more than 10 percent in 2014, the Association of European Businesses lobby group said on Thursday, as the country's economy heads for recession. Car sales have fallen victim to Russia's weak economy, hit by Western sanctions imposed on Russia over the Ukraine crisis and low oil...
MOSCOW, Jan 15- New car sales in Russia fell 10.3 percent in 2014, year-on-year, the Association of European Businesses lobby group said on Thursday, forecasting a sharp drop this year as the economy heads for recession. Car sales have fallen victim to Russia's weak economy, hit by Western sanctions imposed on Russia over the Ukraine crisis, and people have...
*Sales of Peugeot branded cars up 43.1 pct in China. *Analysts say VW, Peugeot could be beneficiaries of China sales. PSA said China became its largest market, reaching 734,000 vehicles in 2014, or 25 percent of overall deliveries, thanks to the addition of 100 dealership networks and as customers snapped up midsized crossover vehicles like the Peugeot 3008..
*Sales of Peugeot branded cars up 43.1 pct in China. PSA said China became its largest market, reaching 734,000 vehicles in 2014, thanks to the addition of 100 dealership networks and as customers snapped up midsized crossover vehicles like the Peugeot 3008.. BMW sales in mainland China grew by 16.7 percent last year, with a total of 455,979 BMW and Mini vehicles...
Karl Brauer, Senior Analyst at Kelley Blue Book, discusses the demand for electric cars, like General Motors' "Bolt" that is priced at $30,000, as prices of crude oil continue to fall.
Customers are not resisting Ford's aluminum-bodied F-series, and the trucks are the fastest-turning vehicles on its lots, the company's CEO, Mark Fields, said.
Dieter Zetsche Daimler AG chairman discusses the burgeoning luxury SUVs marketplace, with CNBC's Phil LeBeau.
Ford's F-150 won truck of the year honors at the Detroit Auto Show. Mark Fields, Ford Motor CEO, discusses the success of its F-Series and the future of autonomous vehicles.
Jim Lentz, Toyota North America CEO, unveils a new Tacoma at the Detroit Auto Show and discusses the impact of falling gas prices on Prius sales, with CNBC's Phl LeBeau.
Not since the late 90's has the North American International Auto Show buzzed with the kind of optimism industry leaders are showing in Detroit.
Mary Barra, in describing 2014, told reporters: "I didn't expect it to unfold like it did. It was clearly a tragedy and troubling."
GM CEO Mary Barra provided her forecast for the auto industry this year. CNBC's Phil LeBeau reports the details.
CNBC's Phil LeBeau runs through the technology and features of the Mercedes-Benz F015 autonomous vehicle.