car sales

Toyota Speeds Past GM to Grab the Global Auto Sales Crown Again

Toyota has dethroned General Motors as the world's top-selling automaker. Though both companies' sales increased in 2012, Toyota bounced back from a manufacturing slowdown caused by Japan's 2011 earthquake to sell 9.7 million cars and trucks, while GM's sales rose just 2.9% to 9.29 million.

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.

U.S. Consumer Borrowing Rises to Record $2.75 Trillion

Americans swiped their credit cards more often in October and borrowed more to attend school and buy cars. The increases drove U.S. consumer debt to an all-time high. The Federal Reserve said Friday that consumers increased their borrowing by $14.2 billion in October from September. Total borrowing rose to a record $2.75 trillion.

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.

GM Profits Beat Estimates as Favorable Signs Appear

General Motors on Wednesday reported a third-quarter profit that exceeded analyst expectations by a wide margin. GM's profit was less than it turned in a year ago, with earnings hurt by ongoing losses in Europe. But elsewhere, its business is showing strong signs for the future.

GM's Mickey Mouse Plan to Boost Car Sales: Be More Like Disney

It has long been clear that GM would have to get creative to win back customers. Decades of shoddy cars drove off GM loyalists, and just as its cars started to get better, the economy tanked. But now GM has a plan to lure you back, and it involves a lot of help from Disney.

Gas Prices, Cars Push US Retail Sales Up 0.9%

U.S. retail sales rose in August from July because consumers paid higher gas prices and bought more cars and trucks. They were more cautious elsewhere, suggesting the weak economy has made many selective about spending.

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.

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.