us auto sales
BMW, Mercedes, Porsche face fines over breach of S. Korea emissions rules
South Korea plans to impose a combined fine of 70.3 billion won ($63.1 million) on BMW, Mercedes and Porsche, citing violation of emissions rules.
Opel turnaround plan aimed at ending years of losses
Expansion costs drag down Carvana’s Q3 net
Ally provides $2 billion in financing to Carvana
Ally Financial is tripling its bet on one of the auto industry’s disrupters by committing $2 billion to finance retail contracts for online used-vehicle retailer Carvana over the next year.
Sign up for our weekly newsletter
Sent early Monday mornings, this newsletter contains a summary of key stories from our weekly edition.
Mitsubishi swings to quarterly operating profit
Mitsubishi swung to a quarterly operating profit as cost cuts and favorable exchange rates helped it to rebound from a mileage-cheating scandal.
BMW loses ground to Mercedes as Q3 earnings fall on investment costs
BMW’s third-quarter pretax profit fell 5.9 percent as the automaker warned it needs to continue with “significant” upfront investments for new models including EVs.
Toyota quarterly profit rises 10% as currency gains offset weaker U.S. business
Toyota’s quarterly operating profit rose 10 percent as gains from favorable foreign exchange rates offset weakening business in the U.S. market, where rising incentives and falling wholesale volume dented regional profitability.
VW/AUDI: Sales, share continue climb
Volkswagen sales were up 12 percent to 27,732 on growing sales of its new crossover lineup. Audi extended its industry-best sales streak to eight consecutive years.
FORD: Pickup, fleet sales drive second straight monthly gain
Ford Motor Co.’s U.S. light-vehicle sales rose 6.4 percent in October behind strong F-series sales and a double-digit rise in fleet sales related to order timing.
FCA: Every brand but Alfa Romeo declines
FCA US continued its down streak into its 14th month in October, as sales fell 13 percent to 153,373 vehicles.
Nissan, Ford, Toyota sales rise behind strong truck volume
Ford, Nissan, Honda and Toyota posted higher U.S. sales in October as the industry looked to maintain momentum after a strong September. GM projected a SAAR of 18 million for the month.
Auto industry mobilizes to keep EV tax credit alive
Lobbyists quickly huddled after the unveiling of House Republicans’ tax plan to figure out how to save the tax credit, which the industry views as critical to promoting commercial adoption of EV technology.
Car sales to ethnic buyers fall
Ethnic consumers were the leading drivers of new-vehicle sales growth during the industry’s post-recession rebound, but that momentum has come to a halt in 2017.
Honda PR chief: Auto shows playing a role in sales arena
Are auto shows still relevant. Definitely yes, says Honda’s Sage Marie
Year-end sales to test automaker restraint
Several sales titles and records are on the line for the U.S. automotive industry heading into the final two months of the year.
Study predicts slow, steady rise of electric vehicles to 2030
Pure electric vehicles will not begin to gain serious traction in most global markets until after 2025, according to a new study.
America’s SUV thirst hits luxury brands behind the scenes
Luxury carmakers benefiting from red-hot demand for lucrative SUVs are dealing with a behind-the-scenes headache because of just how swiftly consumer demand has shifted away from sedans.
Mazda’s operating profit rises 2% as weak yen offsets higher costs
Operating profit at Mazda rose nearly 2 percent in the latest quarter but net income fell 23 percent, undercut by a charge to cover a lawsuit settlement with customers in the U.S.
HYUNDAI/KIA: Year of declines continues
Cuts in fleet sales lead Hyundai/Kia to continue its downward slide for 2017 with a 13 percent drop in sales this October from a year earlier.
HONDA: Cars push October into the black
American Honda eked out a 0.9 percent U.S. sales gain in October to 127,353 vehicles thanks largely to the strength of car sales from both the Acura and Honda divisions.
LUXURY: Scrambling to avoid a blue Christmas
October U.S. auto sales reports on Wednesday showed that a collapse in sales of luxury sedans is accelerating.
NISSAN: Rogue surges; Infiniti streak ends