GO
Loading...

Automotive Retail

More

  • 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.

  • Used car dealer CarMax 3Q profit up 22 pct Friday, 19 Dec 2014 | 7:45 AM ET

    RICHMOND, Va.— CarMax reported a 22 percent jump in third-quarter earnings Friday as the used car dealership chain sold more cars and expanded its footprint across the U.S. CarMax Inc., which runs more than 140 stores that mainly sell used cars and trucks, said revenue increased about 16 percent to $3.41 billion. CarMax opened four stores during the quarter,...

  • Put blind spots behind you with this high-tech car Thursday, 18 Dec 2014 | 3:00 PM ET
    This high-tech rearview mirror will be featured in Cadillac’s 2016 CT6.

    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...

  • Big 3 dominance slipping as competition heats up Thursday, 18 Dec 2014 | 7:10 AM ET
    2015 Nissan Murano.

    The sales lead of the Big Three automakers—especially GM and Ford—is a far cry from what it was in 2000 as competition heats up.

  • New tech, cops put wheelmen out of work Wednesday, 17 Dec 2014 | 3:15 PM ET

    Car theft has plunged 58 percent since its all-time high, according to new FBI data.

  • BERLIN, Dec 15- Volkswagen's ultra-luxury brand Bentley has raised its target for sales as the British carmaker plans to add models such as its first ever sport-utility vehicle, Frankfurter Allgemeine Zeitung reported on Monday. Bentley is now targeting 20,000 annual deliveries by 2020, double its 2013 sales and an expansion of the brand's original goal of...

  • Volvo to launch online car sales in marketing shift Monday, 15 Dec 2014 | 12:00 AM ET

    PARIS, Dec 15- Volvo Car Corp said it will start selling vehicles online as it rolls out new models to compete with German luxury rivals such as BMW. "The plan is to have all our car lines in all our markets offered digitally," Volvo sales chief Alain Visser said in an interview. But Volvo has assured its 2,000 global dealerships, half of which are in Europe, that it has no...

  • Lost car keys? You may not need them anymore Sunday, 14 Dec 2014 | 12:00 PM ET

    Auto recalls are adding momentum to a broad industry shift away from conventional ignition switches.

  • The most popular luxury vehicle is... Wednesday, 10 Dec 2014 | 1:00 PM ET
    2015 Ford F-150

    TrueCar forecasts the latest pickups from Ford and Ram will be the most popular models sold among all vehicles with prices over $50,000.

  • MOSCOW, Dec 8- New car sales in Russia were down 1.1 percent year-on-year in November, the Association of European Businesses lobby group said on Monday, after a 9.9 percent decline in the previous month.

  • *RUSSIA NOVEMBER AUTO SALES DOWN 1.1 PCT Y/Y - AEB Monday, 8 Dec 2014 | 6:29 AM ET
  • Americans on verge of buying 1M expensive cars Monday, 8 Dec 2014 | 1:43 AM ET

    In the latest sign Americans are comfortable paying more for what they'll drive, the country is on the cusp of major milestone.

  • Cars made in the US, thanks to...Japan? Friday, 5 Dec 2014 | 1:43 PM ET
    2015 Nissan Murano.

    Roughly 85 percent of the vehicles Nissan expects to sell in the U.S. next year will be produced in North America.

  • AutoNation CEO: Sales increase all in trucks  Wednesday, 3 Dec 2014 | 10:23 AM ET
    Employees cheer as the first 2015 Ford F-150 truck rolls off the production line at the company's Dearborn Truck Assembly facility in Dearborn, Michigan, Nov. 11, 2014.

    With auto sales accelerating, Mike Jackson, AutoNation CEO, breaks down their strong auto sales numbers for November and provides his forecast for 2015.

  • DETROIT, Dec 2- The top six automakers sold more cars and trucks in November than analysts expected, with a healthy economy, generous discounts and low fuel prices luring consumers into U.S. showrooms. "This sustained demand for new vehicles was building for years during the recession, and it should continue unless a major shift in economic stability occurs," said...

  • WASHINGTON, Dec 2- U.S. construction spending recorded its largest gain in five months in October, easing concerns of a sharp slowdown in fourth-quarter economic growth. "The economy is on firmer ground than people think, it remains a beacon of light in a world where growth in many countries remains subpar," said Chris Rupkey, chief financial economist at MUFG Union...

  • DETROIT, Dec 2- Five of the top six automakers sold more cars and trucks in November than analysts expected, with a surging economy, heavy discounting and falling fuel prices luring consumers into U.S. showrooms. Chrysler Group sales rose 20.1 percent to 170,839 vehicles on strong showings by its Jeep brand and Ram pickup trucks, the unit of Fiat Chrysler...

  • November auto sales surge  Tuesday, 2 Dec 2014 | 10:07 AM ET

    CNBC's Phil LeBeau takes a look at the hot month of November for the automobile manufacturers.