MEXICO CITY, Jan 16- Car dealerships in Mexico City have kicked off the new year offering "clearance sales" and free insurance as 2017 models collect dust on their lots, a reminder that consumer nerves over high interest rates could slow the economy ahead of elections. "If I'm going to buy a new car and then not be able to fill it up with gasoline, then it's better to sit...
CNBC sums up the winners and losers of the 2018 Detroit Auto Show.
Ford CEO Jim Hackett has a message for those who think the automaker is falling behind other automakers: Relax.
The automaker said one accident had potentially been linked to the defect.
The NHTSA is investigating whether the VW car's seat belts could fail in a crash, as was the case in crash testing.
Last month's purchases of SUVs, sedans and minivans in the biggest market by number of vehicles sold shrank 0.7 percent from a year earlier to 2.6 million, the China Association of Automobile Manufacturers said. Weak demand is a setback for global automakers looking to China to drive revenue at a time when Beijing is pressing the industry to pour resources into...
BEIJING, Jan 11- China's vehicle sales in December rose 0.1 percent from a year earlier to 3.06 million vehicles, marking a seventh consecutive month of gains, an industry association said on Thursday. With that, the full-year sales for 2017 rose to 28.88 million vehicles, up 3 percent on year, data from the China Association of Automobile Manufacturers showed.
Alabama's location in the center of the "auto alley" was key to the decision, experts say.
The numbers show automakers are not slowing down final production at plants in Mexico, despite threats from the Trump Administration.
CNBC reviews — and falls in love with — the Mazda 6 Grand Touring.
LONDON— The British car industry association says automobile sales in the country fell in 2017 for the first time in six years and are set to fall further this year largely because of subdued economic growth. The Society of Motor Manufacturers and Traders said Friday that overall demand fell 5.7 percent in 2017 to 2.54 million vehicles. The British economy...
LONDON, Jan 5- British new car sales recorded their biggest drop since 2009 last year, falling 5.7 percent due to uncertainty over potential new diesel charges and weakening consumer confidence since Brexit, an industry body said on Friday. Britain said last year it would hike the levy on new diesel cars that do not meet the latest emissions standards after...
UK 2017 CAR SALES FELL AROUND 5.6 PCT TO 2.54 MLN UNITS IN 2017, BIGGEST DROP SINCE 2009- INDUSTRY BODY SMMT.
LONDON, Jan 5- British new car sales recorded their biggest drop since 2009 last year, falling by more than 5 percent due to uncertainty over potential new diesel charges and weakening consumer confidence since Brexit, an industry body said on Friday. Registrations ended 2017 at around 2.54 million vehicles, according to provisional data, and are set to fall up to...
UK NEW CAR SALES TO FALL 5-7 PCT IN 2018 - SMMT.
Karl Brauer of the Kelley Blue Book says consumer confidence is floating through to demand for new vehicles and should continue in 2018.
Stephanie Brinley of IHS Automotive says U.S. auto sales should slow a bit in 2018, but should come in at a still healthy 16.9 million units.
DETROIT, Jan 3- Most major automakers on Wednesday reported lower December U.S. sales and forecast weaker overall sales in 2018, but investors bid up shares in the sector on a bet that high-margin pickup trucks and SUVs will pull Detroit's automakers through any downturn. According to Autodata Corp, which tracks industry sales, the seasonally adjusted...
Mark Wakefield of AlixPartners says sedans have fallen out of favor as consumers increasingly want SUVs and trucks.
Brian Sponheimer of Gabelli & Company says the latest U.S. auto sales data was a bit better than expected even with incentives boosting the numbers.