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WOODCLIFF LAKE, N.J. — Total new-vehicle sales in March increased 0.6% vs. a year ago to 1,545,802 units, according to Autodata Corp. March’s seasonally adjusted annual rate increased to 17.15 million units — the highest rate of the year so far — from February’s 16.66 million. The following is a breakdown of sales performance by ... Read More »
Read More →LUMBERTON, N.C. – Rod A. Heasley, a 37 year auto Industry veteran announced the formation of KISS Concepts Group, a master agency serving independent agents of the automotive and prime and sub-prime finance industry throughout the United States. Corporate headquarters are located in North Carolina with the operations office in Fort Worth, Texas. Twelve affiliate ... Read More »
Read More →SCOTTSDALE, Ariz. – Digital Air Strike (DAS), the automotive social media and digital engagement company, and Dealertrack Technologies (NASDAQ: TRAK) today announced they have entered into channel and product agreements to help dealer clients drive lead response and generation opportunities. Through the referral agreements, the DAS Response Logix® Smart QuoteT lead response and prospect nurturing ... Read More »
Read More →Tesla Motors Inc. shares have shifted into high gear Monday, reported The WSJ. The stock is having its best day in five months, up as much as 8.8%, after the electric-car company reported Friday that first-quarter vehicle deliveries came in stronger than expected. Stock markets were closed Friday in observance of Good Friday, so shares ... Read More »
Read More →NEW YORK — Apple’s reported entry into the autonomous vehicle race will accelerate automakers’ efforts in self-driving technology and could dramatically reshape the industry, experts said this week, reported The Detroit News. Some analysts think the news that the computer giant is mobilizing hundreds to build an autonomous electric minivan by 2020 could upend the ... Read More »
Read More →NEW YORK — Billionaire investor Warren Buffett and auto group magnate Larry Van Tuyl engaged in a lively discussion with CNBC’s Becky Quick at the NADA/J.D. Power Automotive Forum on Tuesday. The pair appeared several months after Buffett’s investment company, Berkshire Hathaway Inc., acquired the family-owned Van Tuyl Group, the nation’s fourth-largest auto retailer. The ... Read More »
Read More →Nissan Motor Co Chief Executive Carlos Ghosn said on Thursday the automaker needs more capacity in North America to fuel its growth, reported Reuters. Demand for Nissan Rogue sport utility vehicles can be supplied in the short term from plants in Korea and Japan, but longer term “we obviously need more capacity in North America,” ... Read More »
Read More →General Motors Co will generate $350 million in improved profit over the three years to 2018 from its rollout of 4G LTE mobile broadband in its cars and trucks, the No. 1 U.S. automaker’s chief financial officer said on Wednesday, reported Reuters. Chuck Stevens, speaking at a Bank of America Merrill Lynch conference, called GM’s ... Read More »
Read More →Ford Motor Co’s Americas chief indicated on Wednesday that the No. 2 U.S. automaker will be looking to bring its labor costs in line with those of its smaller rival Fiat Chrysler Automobiles when it opens talks this summer with the union representing its hourly workers, reported Reuters. Joe Hinrichs, speaking at a Bank of ... Read More »
Read More →U.S. consumer demand for new vehicles began to thaw in March, especially for luxury cars and big trucks, but not every carmaker participated in the uptick, reported Reuters. New-vehicle sales rose 0.6 percent from a year ago, to 1,545,802 vehicles, industry consultant Autodata Corp said. Automakers had one fewer day and one fewer weekend in ... Read More »
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