car sales

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.

Why Does Wall Street Hate AutoNation?

America loves cars, but Wall Street analysts don't have much affection for the country's leading auto showroom operator. AutoNation has beaten its targets, is making strong profits, and is poised to grow. So what's wrong with its stock?

GM's Next Big Problem: Making Europe Profitable

GM made $2.2 billion in North America in the third quarter, but it couldn't expand on that number with earnings abroad. Now the bailed out, revamped and much-improved automaker has to find a way to make Europe profitable -- because the Continent is essential to its global operations.

Hyundai and Kia See Accelerating Sales in September

Hyundai and its stablemate Kia have been taking U.S. auto market share gradually for more than two decades. Lately, though, those chunks have gotten bigger. The South Korean car makers' sales are expected to surge almost 25% in September compared to the same month year ago, according to research firm Truecar.

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.

Six Reasons the Economy Needs Memorial Day

The origins of Memorial Day date to the aftermath of the Civil War, when people would decorate the graves of fallen soldiers to honor their service. The holiday still retains its reverential and patriotic spirit, but its economic consequences, though smaller than those of other holidays, cannot be overlooked.

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.

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.

Is Chrysler IPO Delay an Auto Industry Warning?

Chrysler's IPO may be delayed, according to CEO Sergio Marchionne. He claims the decision will be based on the cash needs of the company and payments to the UAW healthcare trust. But is it really a sign of larger problems in the industry?

Earthquake, Gas Prices Could Set Back New Car Sales

New car buyers may go on strike -- again. Faced with the rising cost of fuel and parts shortages that could drive up new car prices and make some popular models scarce, consumers in the market for a new car may decide to delay purchases or turn to used cars.

Soaring Oil Sends Stocks Sliding and Gold to a Record

The first trading day of the month is usually good to equities, but after a two-day respite, stocks went back back to suffering broad-based declines. The sharp rise in oil prices overshadowed some encouraging corporate and economic news.

GM's February Gain Outpaced Forecasts

Consumers snapped up new GM models despite the steadily rising price of gas. GM said Tuesday that it sold 207,028 vehicles during the month, exceeding analyst expectations. The increase was driven largely by a 70% jump in retail, or individual consumer, sales.

February Auto Sales Likely Kept Zipping Along

Major automakers are set to release February sales figures on Tuesday, and analysts expect the reports will show sales improved 20% compared to a year ago as consumers continued to warm to the slowly improving economy -- so far, despite surging oil prices.

How Hyundai Turned a Corner in the U.S.

Despite tepid industry sales last year, sister South Korean carmakers Hyundai and Kia set sales records, thanks to savvy designs and sophisticated engineering. They've come a long way from their early econo-box image. Now, if they could just do as well at home.

January Auto Sales Should Build on 2010's Momentum

A slowly brightening economy combined with low financing rates and generally stable fuel prices have put consumers in a buying mood. New models, particularly from Ford and GM, are also helping to keep U.S. auto sales on a positive trajectory as 2011 starts.

GM Withdraws $14 Billion Federal Loan Application

Back in 2009, General Motors applied to the Department of Energy for $14.4 billion in loans to help it manufacture more fuel-efficient vehicles. Today, with the automaker making big strides in turning around its business, GM said it no longer needs or wants the money.

Ford Caps 2010 With 7% Sales Jump in December

Ford, the nation's second-largest automaker, reported its year-over-year sales rose 7% in December, driven by strong demand from consumers and giving the company its best retail-sales month of 2010. The Dearborn, Mich.-based carmaker sold 190,976 vehicles in December, compared to 179,017 a year earlier.

Toyota Revives Miss. Plant, Will Boost U.S. Production

Toyota plans to rev up its vehicle production in the U.S., despite November's 7.3% drop in U.S. sales. The automaker has hired the first of an expected 2,000 workers for a new Mississippi Corolla plant, and says it expects to boost overall capacity utilization significantly from last year's weak levels.

The Top 10 Growth Industries for 2011

After the long downturn, the coming year will present an opportunity for many industries to rejuvenate themselves. Independent researcher IBISWorld sorted through the data on 711 U.S.-based industries to give its predictions of the 10 top performing industries for 2011.

More Car Loans Go to Borrowers With Bad Credit

If you've been rejected for a car loan due to poor credit, you might want to apply again. The automotive credit industry increased the share of new car loans going to credit-challenged borrowers by 12.7% in the third quarter, a sign that lenders are loosening their credit criteria.

Ford Accelerates Growth in China

Ford, which expects 70% of its sales growth to come from Asian-Pacific and African markets in the next decade, plans to open 100 dealerships in China this year.

GM's IPO: Recovery -- Not the End of the Road

Considering where the iconic carmaker has been in recent years, the pending IPO -- and robust investor demand for shares -- is a remarkably positive step. But GM still has plenty of problem spots that will need fixing if this historic event is to have lasting meaning.

Ford Shares Hit Six-Year High on Solid Sales Report

Stock in Ford hit levels not seen since the summer of 2004 Thursday, a day after the Dearborn, Mich., automaker reported solid sales for the month of October. The stock rose as much as 4.3% to $15.83 a share in morning trading on Wall Street.

September Auto Sales: Don't Expect Much Sizzle

Overall demand for new cars and trucks, while better than a year ago, is likely to be lower than that recorded in August, itself an unimpressive month. That would mean auto sales are stuck in a four-month-long rut.