Specialty Retail
Automotive Retail
The advantage of financing a car is that eventually you'll pay it off and enjoy debt-free car ownership. That's why buyers are willing to pay more per month to own than to lease. A third of those who come to a dealership with a car to trade in owe more on it than it's worth: $5,143, on average.
The Genesis is Hyundai's Lexus. If done right, a flagship like the G90 can catapult a brand into relevance; if done wrong, it can mean doom.
BEIJING, Aug 11- China's overall vehicles sales grew 6.2 percent in July from a year earlier to 1.97 million vehicles, showing that the world's largest auto market continues to rebound from the weakness it saw in April and May, the China Association of Automobile Manufacturers said on Friday. In the first seven months of the year, sales grew 4.1 percent from the...
BEIJING, Aug 11- China's overall vehicles sales grew 6.2 percent in July from a year earlier to 1.97 million vehicles, showing that the world's largest auto market continues to rebound from the weakness it saw in April and May, the China Association of Automobile Manufacturers said on Friday. In June, vehicle sales volume rose 4.5 percent from a year earlier.
Principal Global Investors CEO Jim McCaughan discusses the future of Tesla and electric vehicles more broadly.
CNBC took Toyota's 2017 Avalon for a spin, and boy did we love its comforts.
General Motors Co. is recalling roughly 800,000 Chevrolet Silverado 1500 and GMC Sierra 1500 pickup trucks worldwide.
LONDON, Aug 4- British new car registrations fell for a fourth consecutive month in July, the longest run of declines since 2011, in the latest sign of how uncertainty about Brexit is hitting Britain's economy, a car lobby group said on Friday. Demand fell across business, fleet and private sales with total registrations down by 9.3 percent compared with July last...
In the U.S., just over half of those surveyed indicated they want full autonomy technology in their next car or truck.
WIRED Senior Writer Jack Stewart speaks about driving Tesla's latest electric vehicle, the Model 3.
TOKYO, Aug 3- Subaru Corp on Thursday posted a better-than-expected rise in its quarterly operating profit, buoyed by higher sales in the United States, its biggest market, where other Japanese automakers are struggling with slower demand. Operating profit at Japan's No.6 automaker came in at 119.3 billion yen in the first quarter ended June, up 17.5 percent...
Just 57 percent of passengers riding in hired vehicles say they use their belt in the rear seat, according to a new survey.
Aug 2- AutoNation Inc, the largest U.S. auto retail chain, on Wednesday reported a 21.8- percent fall in quarterly profit, hurt by lower new vehicle sales, and the company's shares fell 4.4 percent in early New York trading. New car retail sales at the Fort Lauderdale, Florida- based company dropped 6.7 percent to 79,892 units, in the second quarter.
New car retail sales at the Fort Lauderdale, Florida- based company dropped 6.7 percent to 79,892 units, in the second-quarter ended June 30. AutoNation's revenue per vehicle for new cars rose 2.3 percent to $36,686, and fell 2.1 percent to $19,413 for used vehicles. The company's net income from continuing operations fell to $87.7 million, or 86 cents per share, in...
Global Automakers of Canada President David Adams said he expects the growth to continue, which should enable Canada to post record full-year auto sales in 2017.. "Part of it has been due to Canada's brightening economic fortunes." In Canada, light truck sales rose 8.3 percent to 123,603 during July.
Auto dealers across the industry are struggling to move new models as quickly as they would like.
DETROIT, Aug 1- U.S. carmakers said on Tuesday they continued to slash low-margin sales to daily rental fleets in July as the overall pace of U.S. car and light truck sales fell for the fifth straight month. The annualized pace of U.S. car and light truck sales in July fell to 16.73 million vehicles, down from 17.8 million vehicles a year earlier, according to Autodata...
Aug 1- U.S. vehicle sales in July fell to a seasonably adjusted annual rate of 16.69 million, according to Wards Auto. The July SAAR was up marginally from 16.59 million in June, but down from 17.75 million in July 2016. U.S. auto sales last year reached a record 17.55 million.
*Weak auto sales sends yields tumbling. NEW YORK, Aug 1- U.S. "Weak auto sales really took the air out of bond sellers," said Jim Vogel, an interest rate strategist at FTN Financial in New York.
Fiat Chrysler Automobiles said on Tuesday its U.S. vehicle sales dropped 10 percent in July, to 161,477, as it cut back sales to daily rental fleets.
