A confluence of economic factors are setting the scene for a strong Memorial Day Weekend in the auto industry.» Read More
DETROIT, Jan 5- BMW on Monday regained bragging rights as the top-selling luxury brand in the United States, ending the one-year reign of German rival Mercedes. BMW ended with a lead last year of more than 9,000 vehicles over Mercedes-Benz, which in 2013 seized a title BMW had held for the previous two years. Last year, Mercedes-Benz outsold BMW by about 3,000...
DETROIT, Jan 5- Automakers reported strong December U.S. sales on Monday, boosted by falling gasoline prices, but industry executives and analysts cautioned that growth would slow in 2015 after five years of rapid recovery from the recession. "U.S. auto sales are dancing to a very different beat," Morgan Stanley analyst Adam Jonas said in a research note.
*BMW and China dealers reach settlement over subsidies. *Dealers say $820 mln deal struck, BMW declines confirm details. SHANGHAI/ FRANKFURT, Jan 5- BMW will pay 5.1 billion yuan to auto dealers in China who pressured the world's top luxury carmaker to share the cost of overstocked showrooms, BMW's main Chinese dealership group said on Monday.
Automakers reported strong December U.S. sales, boosted by falling gas prices, but analysts cautioned that growth would slow this year.
DETROIT, Jan 5- Automakers reported strong December U.S. sales Monday, boosted by falling gas prices, but industry executives and analysts cautioned that growth would slow this year after five years of rapid recovery from the recession. General Motors Co easily beat analyst expectations, logging a 19 percent gain to 274,483 vehicles, the best December for the No....
CNBC's Phil LeBeau reports the latest sales numbers for General Motors and Ford.
DETROIT, Jan 5- Fiat Chrysler Automobiles said its U.S. sales rose 20 percent on strong Jeep SUV and pickup truck sales but still missed expectations of analysts. Nissan Motor Co's December U.S. sales narrowly topped and Honda Motor Co. And a separate poll of 35 economists polled by Thomson Reuters showed that they expect on average an annualized selling rate for...
*BMW and China dealers reach settlement over subsidies. SHANGHAI/ FRANKFURT, Jan 5- BMW will pay 5.1 billion yuan to auto dealers who pressured Europe's top luxury carmaker to share the cost of overstocked showrooms in the world's largest car market, BMW's main Chinese dealership group said on Monday. BMW started subsidizing its dealers in 2012 due to falling...
Audi allowed CNBC's Phil LeBeau to test drive the A7 with piloted driving technology, an experience that he found surprisingly normal.
Drivers who depend on diesel fuel were still paying an average of $3.21 a gallon as of Dec. 29.
SEOUL, Jan 2- South Korean automaker Hyundai Motor Co and affiliate Kia Motors Corp aim to boost global sales by 2.5 percent this year to a combined 8.2 million vehicles, group chairman Chung Mong- koo said on Friday.
Automakers and car dealers are seeing sales on pace for more than 17 million this year. Paul Ingrassia, Reuters managing editor, discusses the strong outlook for the U.S. versus China and Europe.
A total of 71 vehicles have earned either a Top Safety Pick or Top Safety Pick+ award, up from just 39 models during 2014.
Combined new and used auto sales are likely to rise 8.3 percent to $1.1 trillion this year, according to TrueCar.
Tesla has opened its first battery-swap station, as it takes the next step in eliminating range anxiety and inconvenience for owners.
Tesla has debuted its first battery swap station in the world. CNBC's Phil LeBeau reports the station is in California.
Dec 19- CarMax Inc, the largest U.S. used-car seller, reported a 16 percent rise in quarterly revenue as easier availability of credit helped it sell more pre-owned vehicles at higher prices. CarMax said its used vehicle sales rose 17 percent in the third quarter ended Nov. 30, accounting for more than three-quarters of the company's total revenue.
Dec 19- CarMax Inc, the largest used-car seller in the United States, reported a 16 percent rise in quarterly revenue as easier availability of credit boosted car sales. Net income rose to $130 million, or 60 cents per share, from $106.5 million, or 47 cents per share, a year earlier. CarMax, which also sells new cars, said its used car sales rose 14 percent to 139,158 units.
Cadillac will incorporate streaming video into the CT6's rearview mirror.
DETROIT, Dec 18- U.S. auto sales will end the year strongly, as December sales will be 10.4 percent higher than a year ago, JD Power& Associates and LMC Automotive said on Thursday. U.S. auto sales will hit 17 million in 2015 for the first time since 2001, the two consultancies also said. For December, U.S. auto sales will reach 1,498,200 vehicles, JD Power and LMC...