auto sales

Dow Jones Closes Above 14,000 for First Time Since Oct. 2007

The Dow stock market index closed above 14,000 for the first time since before the financial crisis rocked the world economy. Propelled by strong auto sales and optimism about U.S. jobs, the Dow Jones industrial average crossed the line early Friday and continued flirting with the mark all day.

U.S. Retail Sales Rose 0.5 Percent in December

U.S. consumers increased their spending at retail businesses in December, buying more autos, furniture and clothing. Steady job growth and lower gas prices kept consumers shopping for the holidays, despite worries about potentially tax increases.

Chrysler Reports Best Sales Year Since Before the Great Recession

Chrysler's U.S. sales jumped 21 percent last year, the carmaker's strongest performance since 2007. The company's sales growth, which outpaced the U.S. auto industry overall, was a strong sign that Americans were feeling more confident about the economy last year.

Hurricane Sandy Boosts Car Sales in November

The auto industry wins the silver lining award from the affects of Hurricane Sandy: November car sales jumped 15 percent on strong demand from people replacing cars destroyed by the storm, Americans feeling more confident in the economy, and an easier access to credit.

What Obama's Second Term Will Mean for Your Personal Economy

Barack Obama has been re-elected as the president of the United States. A nail-bitingly close election, with the economy consistently being named as the top issue, has been decided. Here are a few things to keep in mind for the days to come.

Fed: Housing Lifts Growth in Most U.S. Regions

Stronger housing markets helped boost economic growth at the end of the summer in nearly every region of the United States, according to a Federal Reserve survey released Wednesday.

Automakers Look to Rev Up Sales Growth in Russia

Luxury cars to pamper your inner oligarch caught the eye as the Moscow motor show opened on Wednesday, but it is the Russian of more modest means who has the attention of the world's carmakers, keen to profit from one of Europe's few growing markets.

GM to Marketing Chief: "Surprise! You're Fired"

On Sunday, General Motors announced the sudden "resignation" of its high-profile marketing chief, Joel Ewanick, who oversaw its $4.5 billion advertising budget. So what led to the downfall of this major figure in GM's turnaround?

Lousy Credit? Need a Car Loan? No Problem!

Banks are still being pretty stingy about extending credit these days, when it comes to things like credit cards and mortgages. But there's one big exception: Banks are giving out car loans like they're going out of style.

How Ford Can Export Its Turnaround Magic to Europe

The second quarter brought good news and bad news for auto icon Ford. The good? Ford's U.S. sales and profits continued to be strong. The bad: Overall profits were down 57% because of the challenges it faces overseas.

US Retail Sales Rose 1.1% in February

Americans stepped up spending on retail goods in February, evidence that a stronger job market is boosting the economy. Consumers bought more autos, clothes and appliances. They also paid higher prices for gas. Retail sales increased 1.1 percent last month, the Commerce Department said Tuesday. It was the biggest gain since September.

Factory Output Jumps 0.7% in January

U.S. factories boosted output last month and December ended up being their best month of growth in five years. Strong auto sales and growing business investment in machinery and other equipment are keeping factories busy and helping the economy grow.

US Auto Sales Rise in January, Led by Chrysler, VW

U.S. auto sales are off to a strong start this year, continuing the brisk pace from late 2011. Chrysler had its best January in four years while Ford got a boost from small cars and SUVs. Volkswagen, which wants to aggressively expand in the U.S., reported much higher sales. One sour note was GM, where sales fell.

Economy Grew Modest 2.8% in Q4, Best in 2011

The U.S. economy grew at a 2.8 percent annual rate in the final three months of last year, the fastest growth in 2011. Americans spent more on cars and trucks, and companies restocked their shelves at the strongest pace in nearly two years. But growth in the October-December quarter -- and all of last year -- was held back by the biggest annual government spending cuts in four decades.

Can Toyota Catch Up to Detroit?

Somebody forgot to tell the automakers that the economy is going downhill: Auto sales in September were up 10% over last year's numbers, with all of Detroit's Big Three posting solid gains. Imports, however, did not fare as well. Can Toyota, once unstoppable, win back its former primacy, post-tsunami and accelerator debacle?

Automakers Report Strong August Sales

Fears that car buyers would stay away from dealerships in August never materialized. Instead, Americans were lured by new models, cheaper financing and the need to replace aging cars, boost August sales by 7.5%.

Will Debt Cap Fight Keep You from Buying a New Car?

Estimates of what will happen to consumer borrowing rates if the government defaults on August 2 are wildly divergent, but some expect that interests on loans could move at least .5% higher. That would certainly hurt the housing market, and could ding the new car market as well.

General Motors, Ford Sales Up in June

Gas prices have hit a sweet spot for U.S.-based automakers. They've fallen enough to spur pickup truck sales, yet remain so high that newer small...

Toyota Accelerates Toward a Market Share Recovery

Toyota will announce Friday that by September, it expects to have all of its North American plants back to their normal production levels. Then, it can begin attempting to recoup the U.S. market share it lost due to shortages related to the Japan earthquake and tsunami, as well as a slew of recalls.

Why Wall Street Is Betting Against General Motors

Short sellers have significantly increased their bet that GM shares are going to drop: Short interest in the No.1 U.S. car company jumped 26.5% to 41.5 million shares in the two-week period that ended May 15.

Is GM's Rebound the Real Deal?

Detroit's revival is nearly complete: Chrysler recently made its first profit in five years, Ford has posted its best results since 1998, and GM is poised to retake the crown as the world's biggest automaker. But to hold onto that position, GM will have to adjust to a rapidly shifting auto market.

Automakers' Next Big Worry: A Sales Slowdown in China

The major players in the auto industry have had it rough in the past few years, first with the massive sales declines caused by the recession, and more recently, with the disaster in Japan. But the next challenge they face is already looming on the horizon: A slowdown in Chinese car sales.

Toyota Prius Sales Hit New Milestone in U.S.

Toyota's recent recall woes may have pushed its U.S. sales lower during the past year, but they haven't stopped one popular model from setting a new milestone: The fuel-efficient Toyota Prius hybrid recently surpassed 1 million sales in the U.S.

Five Tips That Can Save New Car Buyers a Bundle

Buying a new car can be a stressful experience: The process is expressly designed by car dealers to separate you from as much of your money as possible. However, if you%u2019re patient, prepared, and persistent, you can beat the dealers at their own game. Here are five things to remember.

UAW Head Uses Ford CEO's Big Payday to Rally Union

When Ford awarded CEO Alan Mulally more than $50 million in compensation for 2010's record profit it raised eyebrows around Detroit. Now, the UAW is using that big payday as a rallying point for members as it starts negotiations to regain some of what autoworkers gave up in concessions during the downturn.