Dealerships

Brazil New Car Sales Drop 6.6% in February as Carnival Slows Market

Brazilian car and light truck sales fell by 6.6% in February, with the Carnival holiday period contributing to a nearly 9% year-on-year decline.

Fifty McLarens Parade Through Hong Kong for New Year Celebration

McLaren Hong Kong marked the start of 2017 with a 50-car parade, featuring rare and current models on a 35-kilometre route from Kowloon to Sai Kung.

Prime Minister Cameron Buys Used Nissan Micra for £1,495

David Cameron has bought a second-hand Nissan Micra from a local Oxfordshire dealer, opting for a modest city car with 92,000 miles on the clock.

US Volkswagen Dealers File Lawsuit Over Diesel Scandal Losses

Three family-owned VW franchise dealers in the United States have sued Volkswagen, seeking compensation for financial losses caused by the diesel emissions scandal.

US November Auto Sales Set for Record as Black Friday Drives Demand

US new vehicle sales in November are projected to surpass previous records, with Black Friday promotions and strong consumer demand pushing the total towards 1.35 million units.

Abarth to Expand Line-Up with New Models Next Year

Fiat’s Abarth division will introduce new models next year, aiming to build on strong growth and expand its dealership network across key markets.

Volkswagen US Dealers Slash Prices to Counter Diesel Crisis

US Volkswagen dealerships are offering incentives of up to $11,000 on new petrol and electric models as they struggle with unsold stock and regulatory blocks on diesel sales.

NADA Predicts US Auto Sales to Reach Record 17.46 Million Units in 2016

The National Automobile Dealers Association expects US new vehicle deliveries to hit an all-time high next year, but warns millennial spending power could limit future growth.

Lamborghini Aventador SV surfaces for sale in Dubai

A rare, unused Lamborghini Aventador SV finished in Rosso Mars is now available through a Dubai dealership, offering collectors a chance at one of only 600 built.

Mercedes-Benz fined $56.5 million by Chinese regulator for price fixing

Jiangsu's pricing bureau penalises Mercedes-Benz and its dealers for imposing minimum prices on E-Class, S-Class and spare parts, escalating China's crackdown on foreign automakers.

Chevrolet Spark EV Expands to Maryland as GM Targets East Coast

GM will begin selling the Chevrolet Spark EV in Maryland, making it the first East Coast state to offer the electric minicar after its initial launch in California and Oregon.

AutoNation Halts Sales of Used Cars with Takata Airbags

AutoNation, the largest car retailer in the US, has stopped selling used vehicles affected by the Takata airbag recall, responding to safety warnings from federal regulators.

US Automakers and Dealers Face Off Over Right of First Refusal

Major US automakers are increasingly exercising their right of first refusal in dealership buy-sell deals, frustrating some dealers and raising concerns about competition and franchise values.

2015 Hyundai Tucson launches in US showrooms from $21,500

Hyundai’s 2015 Tucson crossover is now available to US buyers, offering updated features, two engine choices and a starting price of $21,500 before destination charges.

Tesla Set for Direct Sales Victory in New Jersey After Assembly Vote

New Jersey lawmakers have approved a bill to let Tesla sell directly to customers through up to four showrooms, ending a months-long standoff over dealership laws.

Alfa Romeo Details U.S.-Spec 4C Ahead of Launch

The Alfa Romeo 4C arrives in the United States with increased weight, structural changes and a limited Launch Edition priced from $68,400.

US carmakers expand in-house finance to challenge banks

Automakers' captive finance arms now account for half of new car loans in the US, as manufacturers target direct lending and leasing to boost sales and customer retention.

US dealership sales climb in 2013 but profit margins remain unchanged

US new-car dealers saw sales and revenues rise in 2013, yet average profit margins stayed at 2.2% amid tough competition and narrow retailing spreads.

GM Recall Crisis Fails to Dent Sales Momentum

Despite recalling nearly 16 million vehicles by May 2014, General Motors saw US retail sales climb faster than the industry average, defying expectations of a consumer backlash.

PSA Sets Ambitious 10% Target for DS in China’s Luxury Market

PSA Peugeot Citroën aims to capture a tenth of China’s luxury car sales by 2018 with its DS brand, targeting 200,000 units after modest early results.

Cadillac ELR plug-in hybrid reaches US showrooms ahead of January sales

The 2014 Cadillac ELR, a luxury plug-in hybrid coupe based on the Chevrolet Volt platform, has started arriving at dealerships in the United States, priced from $75,995 before incentives.

Fiat Delays Decision on Alfa Romeo US Dealership Strategy

Fiat has yet to confirm whether Alfa Romeo models will be sold in the US through Fiat or Maserati dealers, leaving both networks in limbo ahead of the brand’s planned relaunch.

San Francisco Dealer Lists 2014 Corvette Stingray Z51 at $100,760

A Chevrolet dealership in San Francisco has priced a 2014 Corvette Stingray Z51 at $100,760, nearly $25,000 above the standard retail price, as demand outstrips supply.

Ford targets 40,000 annual exports to China as Lincoln launch nears

Ford plans to boost exports of North American vehicles to China, including the Lincoln range, aiming for 40,000 units a year as Chinese demand for performance and SUV models rises.