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Automotive Retail

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  • Riding high: Auto sales set for big second half Tuesday, 30 Jun 2015 | 1:29 AM ET
    A customer ooks at a Ford vehicle on the showroom floor at a Ford AutoNation car dealership in North Miami, Florida.

    After much better than expected sales in the first half of 2015, US automakers are poised to enjoy a very strong second half of the year.

  • Number of 'American-made' autos drops to new low Monday, 29 Jun 2015 | 12:30 AM ET
    A transmission for a Chrysler Ram 1500 truck goes through the assembly line at the Warren Truck Assembly Plant in Warren, Michigan.

    It's getting tougher to find cars and trucks built in the U.S. that meet an industry index measuring which vehicles are the most "American-made".

  • June new-vehicle sales will show a rise of 4 percent from a year ago, but the auto industry remains robust, consultancies J.D. Power and LMC Automotive said on Thursday. There was one more selling day in June 2014 than last month. "Don't let the lower year-over-year percent change fool you; this is arguably the strongest and healthiest the auto industry has been in a...

  • U.S. June auto sales seen falling 4 pct from year ago Thursday, 25 Jun 2015 | 1:00 PM ET

    June new-vehicle sales will show a drop of 4 percent from a year ago, but the auto industry remains robust, consultancies J.D. Power and LMC Automotive said on Thursday. There was one more selling day in June 2014 than last month. "Don't let the lower year-over-year percent change fool you; this is arguably the strongest and healthiest the auto industry has been in a...

  • Ford jumps into car-share business Tuesday, 23 Jun 2015 | 11:00 PM ET
    A Ford Escape SUV rolls off the production line in Louisville, Kentucky.

    In a sign automakers are increasingly aware they'll have to try new approaches to reach customers, Ford is launching a car-share program.

  • DETROIT June 23- The pace of growth for global auto demand will slow to a 2.6 percent annual rate over the next seven years, and U.S. sales could hit their peak in 2016, according to a forecast released Tuesday by AlixPartners, a consulting firm that works extensively with global automakers. The U.S. market could hit a cyclical trough at about 15 million vehicles for...

  • Take a spin with Google's self-driving car chief Thursday, 18 Jun 2015 | 2:28 PM ET
    Transportation Secretary Anthony Foxx, right, and Google Chairman Eric Schmidt get out of a Google self-driving car at Google headquarters in Mountain View, Calif., February 2, 2015.

    Google's Chris Urmson spoke to CNBC as the company begins its next phase of research into autonomous-drive vehicles.

  • Are Japanese cars the most reliable? Think again Wednesday, 17 Jun 2015 | 1:00 PM ET
    2015 Toyota Prius

    After years of setting the standard for quality and reliability, Japanese brand autos have dropped below the industry average, according to a new report by J.D. Power and Associates.

  • BMW lifts the curtain on revamped 7 Series Wednesday, 10 Jun 2015 | 1:30 PM ET
    2016 BMW 7 Series

    The luxury sedan includes gesture controls, so drivers can adjust the radio and other in-car systems with a wave of their hand.

  • BEIJING/ HONG KONG, June 10- Vehicle sales in China fell for a second straight month in May, the first such consecutive drop since late 2011, highlighting the weakness in the world's second biggest economy. Passenger and commercial vehicle sales in China totalled 1.9 million vehicles last month, falling 0.4 percent year-on-year and following on a 0.5 percent...

  • Who's afraid of self-driving cars? Read this Tuesday, 9 Jun 2015 | 9:00 AM ET
    Googles Lexus RX 450H Self Driving Car is seen parked on Pennsylvania Ave. on April 23, 2014 in Washington, DC.

    Two questions are at the heart of the debate over self-driving cars: How many people want it and how much are they willing to pay for it?

  • TORONTO/ VANCOUVER, June 2- New car and truck sales in Canada hit a record high in May, with Chrysler leading the pack as the top-selling carmaker for the month and bolstered by strong demand for luxury vehicles, according to data released on Tuesday. Auto sales were up 1.1 percent, with 197,937 cars and light trucks sold in Canada, industry data showed.

  • Factory orders fall 0.4 percent in April. WASHINGTON, June 2- New orders for U.S. factory goods fell in April on weak demand for transportation equipment and other goods, suggesting that manufacturing remained constrained by a strong dollar and spending cuts in the energy sector. Households are gradually boosting their spending on manufactured goods, "said Gus...

  • *Factory orders fall 0.4 percent in April. WASHINGTON, June 2- New orders for U.S. factory goods fell in April as demand for transportation equipment and other goods weakened, suggesting that manufacturing remained constrained by a strong dollar and spending cuts in the energy sector. Households are gradually boosting their spending on manufactured goods, "...

  • DETROIT, June 2- The U.S. auto industry remained on track for the best sales year in a decade as consumers bought cars and trucks in May at the fastest pace in almost a decade. General Motors Co forecast industry U.S. sales to finish May at a seasonally adjusted annualized rate of 17.6 million vehicles, the strongest pace since January 2006. GM sales rose 3 percent in...

  • Record number of Americans leasing autos Monday, 1 Jun 2015 | 4:00 AM ET
    A customer ooks at a Ford vehicle on the showroom floor at a Ford AutoNation car dealership in North Miami, Florida.

    With new vehicle prices climbing to all-time highs, a record number of Americans are turning to leases to keep monthly payments low.

  • Online car retailer Beepi plots expansion Friday, 29 May 2015 | 3:53 PM ET
    Dan Delima of Millbrae, California, holds a check from Beepi after selling his Nissan LEAF (on the flatbed truck behind him) to the used car website.

    Beepi is raising another $300 million in venture capital to fund its expansion nationwide.

  • New ride for the rich: Super-luxury SUVs Thursday, 28 May 2015 | 1:33 PM ET
    The Lamborghini SpA Urus SUV.

    There's no shortage of luxury vehicle choices, but increasingly the wealthy are opting for high-end SUVs instead of traditional models.

  • Off with a 'bang': Summer auto sales start strong Tuesday, 26 May 2015 | 2:37 PM ET
    A customer looks at a Ford Motor Co. F-150 pickup truck at a CarMax Inc. dealership in Brandywine, Maryland.

    Car buyers hit showrooms en masse on Memorial Day, helped by low-financing offers and other incentives.

  • Here's the car-market play for investors now Tuesday, 26 May 2015 | 7:00 AM ET
    A Pep Boys Auto Service location in Lakewood, California.

    News that Pep Boys has caught the eye of private equity is the latest evidence of this investing trend, says investment banker Vincent Carey.