Volkswagen Off and Running in 2014
Apr 30, 2014
First-quarter sales revenue up 2.7 percent year-on-year to EUR 47.8 billion (EUR 46.6 billion) ► Operating profit rises by 0.5 billion to EUR 2.9 billion despite ongoing challenging environment ► Net liquidity in Automotive Division remains high at EUR 17.7 billion 929,500 vehicles delivered in March / +7.6 ... Continue reading
April Average Car Transaction Price Decreases, Increase in Incentive Spending
Apr 29, 2014
Cars.com estimated today that April's average transaction price (ATP) for new light vehicle sales in the United States was $29,810, up 0.4 percent ($126) from March and down 2.8 percent ($864) from April 2013. "Continued weak sales in the full size truck segment caused the industry average transaction price to drop in ... Continue reading
Automotive Deals Drop 5 Percent to 465 Total Transactions in 2013
Apr 29, 2014
DETROIT, April 29, 2014 -- Automotive mergers and acquisitions (M&A) activity continued to decline for the second straight year to 465 total deals in 2013, PwC reports in Driving Value: 2013 Automotive M&A Insights. Though at a much slower pace compared to 2012, the industry experienced overall automotive M&A deal volu ... Continue reading
California Here We Go - Toyota To Move Associates From California and Kentucky to Dallas
Apr 28, 2014
Torrance, Calif., Erlanger, Ky., New York, N.Y., and Ann Arbor, Mich., April 28, 2014 âToyota today announced that it is establishing a new headquarters in North Dallas (Plano), Texas for its North American operations in a move designed to better serve customers and position Toyota for sustainable, long-term growt ... Continue reading
Why Used Cars Are About To Get Much Cheaper
Apr 28, 2014
Washington DC April 28, 2014; The AIADA newsletter reported that according to statistics from used-car auction giant Manheim, about 1.7 million vehicles came to the end of their leases and entered the used-car market last year. That's a low number, and short supplies have kept used-car prices high. But, reports Busines ... Continue reading
Third Party Lead Generators - Prepare To Meet Your Doom
Apr 28, 2014
Public Retailers Want to Take the Wheel on Leads Automotive News reports that public dealership groups are moving to improve their own online lead development and reduce reliance on third-party lead providers. Lithia Motors Inc. CEO Bryan DeBoer would like to eliminate third-party lead providers entirely. Penske Automo ... Continue reading
Chevrolet Announces 2015 City Express Pricing
Apr 28, 2014
The 2015 Chevrolet City Express LS â the brandâs first entry in the small cargo van segment â will have a starting price of $22,950, including a $995 destination charge but excluding tax, title, license and dealer fees. The City Express features a standard 2.0L dual-overhead cam inline-four-cylinder engi ... Continue reading
XL Hybrids Announces One Million Customer Miles Achieved in Just Six Months
Apr 28, 2014
XL Hybrids, Inc., the pioneering developer of hybrid electric powertrain technology for commercial and municipal fleets, today announced that fleet customers employing the XL3 hybrid electric system in their service, delivery and cargo fleets have driven a combined total of one million miles within the first six months ... Continue reading
New-Car Sales Expected To Climb 10 Percent, Reach 16.3 Million SAAR In April
Apr 28, 2014
New-vehicle sales are expected to rise 10 percent year-over-year to a total of 1.415 million units, and an estimated 16.3 million seasonally adjusted annual rate (SAAR), according to Kelley Blue Book. This increase would bring the year-to-date total to 5.15 million units sold, which is a 3.6 percent increase from this ... Continue reading
Automaker Revenue from Alternative Services Will Reach Nearly $5.3 Billion by 2023
Apr 28, 2014
The adoption of plug-in electric vehicles (PEVs) is driving automakers to seek out new sources of revenue--both to take advantage of PEV extensive vehicle data, energy storage, and communications capabilities, and to replace expected lost revenue due to the stabilizing or slowing of vehicle sales in mature markets. ... Continue reading
Volvo Group --the first quarter 2014
Apr 27, 2014
During the first quarter of 2014, demand for the Volvo Groupââ¬â¢s products continued its gradual improvement in the mature economies in North America, Western Europe and Japan, while the emerging economies in South America and Asia saw weaker demand. Net sales rose by 13% to SEK 65.6 billion and operating i ... Continue reading
Mazda Post Record Worldwide Profit
Apr 26, 2014
Carmaker hikes full-year operating profit to â¬1.36 billion, its highest ever New-generation SKYACTIV models, structural reform efforts paying off Hiroshima / Leverkusen--April 25, 2014: Mazda Motor Corporation posted the highest operating profit in its 94-year history for the fiscal year that ended on 31 March 201 ... Continue reading
Apr 25, 2014
DEARBORN, Mich.âFord Motor Company : First quarter pre-tax profit of $1.4 billion, a decrease of $765 million compared with a year ago; after-tax earnings per share of 25 cents, excluding special items; 19th consecutive profitable quarter First quarter net income of $989 million, or 24 cents per share, a decrease ... Continue reading
Ford Credit Earns First Quarter 2014 Pre-Tax Profit of $499 Million; Net Income of $312 Million*
Apr 25, 2014
Ford Motor Credit Company reported a pre-tax profit of $499 million in the first quarter of 2014, compared with $507 million a year earlier. The change in pre-tax profit was driven by higher volume, reflecting increases in nearly all products globally, largely offset by unfavorable lease residual performance in North A ... Continue reading
Car Sales for April 2014: Forecasts Highest April SAAR Since 2006
Apr 25, 2014
Cars.com forecasts total April sales will hit 1,414,120, up 10 percent year-over-year and down 7.8 percent from March. An adjusted SAAR of 16.29 million new-car sales is expected for April, which is an increase of 7.2 percent from this time last year, and decrease of 0.7 percent month-over-month. This would mark the hi ... Continue reading
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