Sales

AutoNation to bid on ‘multiple' Fiat franchises

10:46 am U.S. ET | Sept. 2
AutoNation Inc. said today it plans to bid on "multiple" Fiat franchises after Chrysler unveiled its plans for the brand to dealers at a meeting in Detroit on Monday. COO Michael Maroone said he was impressed with the presentation. AutoNation intends to seek multiple Fiat franchises, although it hasn't determined how many or where, he said.... Read More »
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AUGUST U.S. SALES

BMW's U.S. sales top Lexus' for third straight month

8:03 am U.S. ET | Sept. 2
BMW AG's namesake brand increased U.S. sales 1.6 percent in August and beat Toyota Motor Corp.'s Lexus as the top U.S. luxury brand for the third straight month. Lexus remains the luxury leader for the year, just ahead of Mercedes-Benz, in a race that is much closer than those of years past.... Read More »
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GM posts gains for 3 of 4 brands, but Chevy falls 22%

5:10 pm U.S. ET | Sept. 1
General Motors Co. posted strong August sales at three of its four remaining brands. But Chevrolet, struggling with tough comparisons against last year's cash-for-clunkers bonanza, posted a 22 percent drop in sales, dragging overall demand for the automaker's core brands down 11 percent last month.... Read More »
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Ford to keep N.A. production stable in Q3

5:06 pm U.S. ET | Sept. 1
Ford Motor Co. will hold fourth-quarter North American production at the same level as the third-quarter of this year and down slightly from the last quarter of 2009 because of the economy's modest recovery and lackluster consumer spending. “Elevated savings rates are dampening spending,” and buyers are replacing cars on an as-needed basis, said Emily Kolinksi Morris, Ford's senior U.... Read More »
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AUGUST U.S. SALES

Toyota sales plummet, but still lead retail race

4:39 pm U.S. ET | Sept. 1
Toyota Division sales may have fallen 34 percent in August -- and are now down 1 percent for the year to date -- but General Manager Bob Carter isn’t panicking. Toyota was the No. 1 beneficiary of cash-for-clunkers trade-ins last August, representing more than 50 percent of sales. That gave Toyota a tough mark to equal this year.... Read More »
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Chrysler posts another gain, led by Jeep

5:40 pm U.S. ET | Sept. 1
Chrysler Group recorded its fifth consecutive month of year-over-year increases, as August sales rose 7 percent. Fresh from its bankruptcy exit a year earlier, Chrysler had a 15 percent August decline while the industry advanced 1 percent, thanks to the U.S. incentive program designed to spur sales of fuel-efficient vehicles.... Read More »
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Dealers

Lincoln future product and branding tops Ford's to-do list

2:53 pm U.S. ET | Sept. 3
Ford plans to further differentiate the Lincoln and Ford division product lineups, while giving the luxury Lincoln brand a “point of view,” company leaders promise. Ford is also planning for fewer Lincoln dealerships in major metro areas.... Read More »
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Finance & Insurance
FINANCE & INSURANCE

Sonic tries no-haggle F&I prices

12:01 am U.S. ET | Aug. 25
Sonic Automotive Inc., the nation's second-largest dealership group, will begin a test of no-haggle pricing at finance and insurance offices in two markets on Sept. 1. The pilot is part of the publicly held retailer's effort to make shopping faster and easier for customers, says Jeff Dyke, Sonic's executive vice president. Haggling lengthens the transaction time.... Read More »
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Marketing

Ford's Raptor pickup boasts bigger engine, more seats

8:44 am U.S. ET | Sept. 3
Ford dealers begin taking orders today for the 2011 F-150 SVT Raptor pickup, featuring a larger standard engine and more seating capacity. For starters, all 2011 Raptors will come standard with a 6.2-liter V-8, rated at 411 hp and 434 lb-ft of torque. The 6.2-liter engine was an option on the 2010 Raptor, while a 320-hp 5.4-liter V-8 was the base engine.... Read More »
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Remarketing

Prices of used SUVs, crossovers surge 30% from last year, Edmunds says

4:12 pm U.S. ET | Aug. 20
Some used SUVs and crossover vehicles are selling at retail for 30 percent more than they did last year, in a sign of how high used-vehicle prices remain. But on average, prices of used vehicles retreated again in July from record levels this spring.... Read More »
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Service & Parts

Kia recalls Souls and Sorentos for fire risk

2:58 pm U.S. ET | Sept. 2
Kia Motors America said today it is recalling about 35,000 2010-11 Souls and Sorentos because faulty wiring harnesses could short and cause a fire. The recall affects about 23,972 2010 Soul compact crossovers equipped with a special lighting system that includes illuminated front speakers in the interior door panel.... Read More »
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NADA

As business improves, dealers increase their giving

12:01 am U.S. ET | Aug. 16
Many dealers have scaled back their philanthropy during the recession. An informal survey conducted by Automotive News in July shows that 70 percent of the 132 respondents reduced their donations during the worst of the recession. But the good news is half of that group has restored some or all of that support.... Read More »
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