Used Cars Get More Affordable as New Car Sales Pick Up
With new car sales revving up, consumers are trading in old cars, resulting in lower prices for used cars.
auto sales
Consumer Spending Forecast to Boost U.S. Economy
Consumer spending is likely to pick up this year, while government spending declines at a faster rate, according to a survey of business economists.
Wall St. This Week: SunPower Rose Early, Car Sales on a Roll
From SunPower enlightening some shareholders prematurely to Warren Buffett's first tweet, here's a rundown of the week's most interesting action in the business world.
GM Profit Hit by Lower North American Earnings
General Motors' net income fell 14 percent to $865 million in the first quarter, weighed down by losses in Europe and weaker earnings in North America.
Ford Adding 2,000 Workers at Missouri Truck Plant
Ford says it's adding 2,000 workers to a plant in Missouri that makes the F-150 pickup because of surging U.S. truck demand.
Ford Earnings Jump Driven by Strong Truck and Fusion Sales
Ford reported better-than-expected first quarter earnings thanks in part to brisk sales of its Ford Fusion family sedan, which won AOL Autos Car of the Year honors for 2012.
Strong Housing and Auto Sales Boost U.S. Economy, Fed Says
A strengthening housing recovery and robust auto sales contributed to moderate growth across the U.S. in late February and March, according to a Federal Reserve survey.
Housing Recovery Helps Boost March Auto Sales
U.S. sales of sport-utility vehicles and pickup trucks jumped in March, spurred by rising home prices and an increase in housing construction, major automakers report.
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.