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Looking for a Vehicle? The Used Car Lot May be Best Bet

Looking for a Vehicle? The Used Car Lot May be Best Bet

For those in the market for a replacement vehicle, marching past the new car showroom over to the used car lot is looking more and more like the smarter play, claim some industry experts. According to Edmunds analysts, a deluge of lightly used, lower-mileage vehicles...
U.S. New Vehicle Sales Tick Upward in May

U.S. New Vehicle Sales Tick Upward in May

With Fiat Chrysler and Toyota leading the way, automakers surprised on the upside in May, posting modest sales increases for the month. FCA, where overall sales increased 2%, reported setting three records in May, led by the Ram brand which notched its 12th...
Power, LMC Predicting 2.1 Percent Drop in May Auto Sales

Power, LMC Predicting 2.1 Percent Drop in May Auto Sales

May is expected to see the continuation of falling monthly auto sales in the U.S. that the industry has seen for the first four months of the year with a decline of 2.1%, according a new estimate. Higher prices for new vehicles are largely to blame, according to...
China Car Sales Tumble for 10th Consecutive Month

China Car Sales Tumble for 10th Consecutive Month

For much of the past two decades, China’s new vehicle market was the envy of the world, with routine double-digit annual growth approaching triple-digit gains on several occasions – but the numbers were down 14.6% in April, marking the 10th consecutive monthly...
BMW Earnings Hit Big by Anti-Trust Probe

BMW Earnings Hit Big by Anti-Trust Probe

BMW earnings tumbled 75% for the first quarter, its automotive earnings plunging into the red, due to a $1.6 billion set-aside to cover fines resulting from a European antitrust probe, as well as higher investments in autonomous and electrified vehicles. BMW actually...
Product Launches Hammer FCA’s Q1 Earnings

Product Launches Hammer FCA’s Q1 Earnings

Fiat Chrysler Automobiles reported profits dropped 41% in the first quarter as a slump in sales in key markets cut the company’s revenues by 5 percent. The automaker attributed the decline to the normal production challenges related to an array of new product launches...
VW Earnings Strong Despite Hit from Diesel Scandal

VW Earnings Strong Despite Hit from Diesel Scandal

Volkswagen’s earnings took a tumble during the first quarter, largely due to a 1 billion euro, or $1.1 billion, set-aside to cover legal costs related to its ongoing diesel emissions scandal. But at 3.05 billion euros, or $3.41 billion, after-tax profits came in close...
April Sales Sag a Bit as Tough Conditions Continue

April Sales Sag a Bit as Tough Conditions Continue

Nissan and Subaru posted sales increases during April, but Fiat Chrysler and Toyota sales fell in April as deliveries of new vehicles continued drop under pressure from rising prices and higher interest rates. For Subaru of America, April was another solid month with...
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