Sales

New Car Deliveries in Europe Drop 4%

April 17, 2019 at 2:31 AM

Registrations of new passenger vehicles across Europe fell 4% to 1.77 million units in March and 3% to 4.15 million through the first three months of 2018, trade group ACEA reports.

Retail Auto Sales in China Fall 12%

April 16, 2019 at 12:16 PM

Retail deliveries of new passenger cars in China dropped 12% last month to 1.78 million units, the China Passenger Car Assn. reports.

U.S. Supplies of Unsold Cars at 20-Month High

April 15, 2019 at 1:33 AM

U.S. dealers began April with nearly 4.1 million unsold passenger vehicles—their largest inventory since July 2017, Automotive News estimates.

Vehicle Wholesales Continue to Shrink in China

April 12, 2019 at 3:16 PM

Factory sales by Chinese car and truck makers fell 5% to 2.5 million units in March, according to the China Assn. of Automobile Manufacturers.

VW Group Sales Fall 4%

April 12, 2019 at 1:54 PM

Volkswagen Group blames China’s slumping market for its 4% drop to 998,900 passenger and commercial vehicle sales in March.

Tesla Introduces Lease Option for Model 3

April 12, 2019 at 2:08 AM

Tesla Inc. is now offering U.S. customers the option of leasing rather than buying its Model 3 electric sedan.

Honda Says Its Sales in China Will Top U.S. by 2022

April 12, 2019 at 1:52 AM

Honda Motor Co. CEO Takahiro Hachigo tells reporters the company’s car sales in China are likely to match U.S. demand in 2-3 years.

Hybrids Exceed 50% of Toyota’s European Sales

April 11, 2019 at 5:15 PM

Toyota Motor Corp. says hybrid-powered vehicles are accounting for more than half its sales in Europe this year.

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.