Sales

China’s GAC Ready to Export Cars to Russia

April 10, 2019 at 12:20 AM

Guangzhou Automobile Group Co. expects to begin shipping its GS8 SUV/crossover vehicle to Russia later this year.

Thailand Ponders Curbs on Easy Auto Loans

April 09, 2019 at 1:20 AM

Thailand’s central bank may decide by June whether to tighten lending rules for auto loans to  control spiraling household debt levels.

Tesla Makes New Cuts to Sales Staff

April 09, 2019 at 12:00 AM

Tesla Inc. has fired dozens of “inside” sales people at offices in Chicago, Brooklyn N.Y.; and Tampa, Fla.

Factory Incentives Offset Operating Losses for U.S. Dealers

April 08, 2019 at 2:41 AM

New-car dealers in the U.S. swung to an average operating loss in 2018 for the first time in at least a decade.

Car Sales Rise 2% in Russia

April 05, 2019 at 12:39 PM

Retail sales of new cars and light commercial vehicles in Russia climbed 2% to 160,200 units in March, the Moscow-based Assn. of European Businesses reports.

FCA Settles Dealer Lawsuit Over Vehicle Pricing

April 05, 2019 at 11:33 AM

Fiat Chrysler Automobiles NV has settled a 3-year-old lawsuit that claimed the company manipulated dealer sales figures to boost its stock price.

Car Sales Fade in Italy, Spain

April 04, 2019 at 6:38 PM

New-car sales in Italy and Spain dropped 10% and 4%, respectively, in March, according to local trade data sources.

U.K. Car Sales Slipped 3% in March

April 04, 2019 at 10:52 AM

New-car deliveries in the U.K. fell 3% to 458,100 units last month, the Society of Motor Manufacturers and Traders reports.

Tesla’s Quarter-on-Quarter Sales Drop 31%

April 04, 2019 at 2:24 AM

Tesla Inc. delivered 63,000 electric cars in the first quarter of 2019, up from 57,200 units in the same period last year but down from 91,000 cars in the final quarter of 2018.

U.S. Unit Sales Dip, But Pace Gains

April 02, 2019 at 6:03 PM

Sales of cars and light trucks in the U.S. slipped 3% in March, but the annualized pace accelerated.

Tesla Model 3 Outsells Luxury Rivals in Europe

April 01, 2019 at 3:23 PM

Demand for Tesla Inc.’s new Model 3 electric sedan topped sales of all other premium midsize cars in Europe in February, its first full month on the market.

PSA Steps Up Plan to Re-Enter N. American Market

April 01, 2019 at 12:09 AM

PSA Group has shortened its timetable for relaunching its Peugeot brand in North America and now plans to begin shipping vehicles from Europe in 3-4 years.