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Specialty Retail Automotive Retail

  • DETROIT, April 5- Car dealers on Wednesday added to concerns about the state of the U.S. auto industry and how tough any downturn might be if its six-year recovery has ended. In a conference call with media and analysts, officials of the National Automobile Dealers Association said they expected sales of cars and light trucks in the United States to dip to 17.1...

  • Net earnings rose to $152.6 million, or 81 cents per share, in the quarter, from $141.0 million, or 71 cents per share, a year earlier. Net sales and operating revenue rose to $4.05 billion from $3.71 billion. Analysts on average had expected a profit of 79 cents per share and revenue of $3.93 billion, according to Thomson Reuters I/B/E/S.

  • DETROIT, April 5- Car dealers on Wednesday added to concerns about the state of the U.S. auto industry and how tough any downturn might be if its six-year recovery has ended. In a conference call with media and analysts, officials of the National Automobile Dealers Association said they expected sales of cars and light trucks in the United States to dip to 17.1...

  • LONDON, April 5- British new car registrations rose to a record high in March as customers brought forward purchases to beat an April tax rise, a car industry body said, overcoming expectations of a slump after two years of record highs. New car sales rose 8.4 percent last month to 562,337, the Society of Motor Manufacturers and Traders said, despite forecasts that...

  • People in the main terminal at Washington Dulles International Airport.

    The combination of a strong economy and near-record consumer confidence is convincing many Americans this is the time to get away.

  • Auto sales fall shy of forecasts

    The big automakers have reported their March sales numbers, and it looks like America's appetite for cars may be waning.

  • *Investors fret over govt ability to deliver on reforms. April 3- Wall Street closed slightly lower on Monday as March auto sales disappointed and investors questioned whether the Trump administration would deliver on its pro-business economic stimulus. "The disappointing auto sales are something people are keeping an eye on and that's meaningful news," said...

  • A potential car buyer views a Fiat Chrysler Jeep sports utility vehicle at Suburban Chrysler Dodge Jeep Ram of Troy dealership in Troy, Michigan, March 25, 2016.

    Automakers reported declining car sales that sent share prices for the Big Three lower.

  • NEW YORK, April 3- Wall Street fell on Monday as auto sales disappointed and investors questioned whether the Trump administration would deliver on its pro-business economic stimulus.

  • TORONTO, April 3- The Canadian arm of General Motors led auto sales in Canada for the month of March, and also posted the biggest surge in monthly sales. Ford Motor Co sold a total of 26,487 cars and trucks in Canada last month, up from 26,447, a rise of just 0.2 percent, as Ford car sales in Canada fell nearly 20 percent for the month. GM Canada reported double-digit sales...

  • NEW YORK, April 3- U.S. Treasury notes touched 2.332 percent, their lowest level since Feb. 27, after the disappointing March sales by major U.S. automakers heightened concerns that America's long, robust boom car sales cycle may finally be losing steam. "U.S. auto sales raise questions about consumer demand, consumer spending going forward," said bond strategist...

  • DETROIT, April 3- Major U.S. automakers' sales figures for March came in below market expectations and gave early evidence that America's long, robust boom cycle for car sales may finally be losing steam. General Motors Co and Fiat Chrysler Automobiles NV shares both fell almost 4 percent, while Ford Motor Co was off 3 percent. March "was a tough, tough, tough market,"...

  • TORONTO, April 3- The Canadian arm of Fiat Chrysler Automobiles, which makes the Jeep and Chrysler brands, led auto sales in Canada for the month of March, but General Motors Canada posted the biggest surge in monthly sales. Ford Motor Co sold a total of 26,487 cars and trucks in Canada last month, up from 26,447, a rise of just 0.2 percent, as Ford car sales in Canada fell...

  • DETROIT, April 3- Major U.S. automakers on Monday posted sales figures for March that came in below market expectations and heightened concerns America's long, robust boom cycle for car sales may finally be losing steam, pushing car companies' shares down. General Motors Co and Fiat Chrysler Automobiles NV shares both fell almost 4 percent, while Ford Motor Co was...

  • DETROIT, April 3- Major U.S. automakers on Monday posted sales figures for March that came in below market expectations and heightened concerns the country's boom in vehicle sales may be losing steam, sending shares in car companies down. General Motors Co and Fiat Chrysler Automobiles NV shares both fell almost 4 percent, while Ford Motor Co was off 3 percent.

  • Ford, GM and Honda report an increasing reliance on truck and SUV sales as U.S. sales of cars continue to slip.

  • DETROIT, April 3- U.S. sales of new vehicles in March at major automakers came in below market expectations, according to figures released on Monday, sending shares of General Motors Co and Ford Motor Co down more than 2 percent. The news also weighed on car retailer stocks. The March sales offered the market a glimpse of the overall health of middle-class American...

  • NEW YORK, March 31- Forget the jobs report. Economists are looking for another solid month of sales north of 17 million new vehicles at a seasonally adjusted annualized rate for March but nothing like the 18.4 million hit in December, the highest since August 2005. "There's an avalanche of used cars ready to hit the market place," said Brad Lamensdorf, co-manager of...

  • Morgan Stanley's Adam Jonas explains why he thinks the Tesla Model 3 will be 10 times safer than the average car.