Most major automakers raced past expectations for U.S. sales in March as buyers flocked to smaller, more fuel-efficient cars in response to rising gasoline prices at the pump. Get the full story »
Inside these posts: Auto sales
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Automakers trimmed incentives in March
Average per-vehicle incentives from U.S. auto makers slid 8.6 percent in March from February and declined 17 percent from a year earlier, according to car-shopping site Edmunds.com. Get the full story »
Toyota aims to be first to sell 10M vehicles
Toyota Motor Corp. is aiming for an auto industry first by reaching annual sales of 10 million vehicles by 2015 even as it acknowledges that overly rapid growth was at the root of its recall fiasco. Get the full story »
Auto sales speed up in February
February was one of the strongest months in the last year for auto purchases as renewed consumer confidence sent shoppers to car lots. General Motors reported a 45.8 percent increase compared with a year earlier, while Ford says its sales rose 14 percent.
Chicago Auto Show attendance rises 10%
The 2011 Chicago Auto Show reported a 10 percent increase in attendance over last year. The 10-day show closed Sunday. The Chicago Automobile Trade Association, which represents the area’s new-car dealer franchises and produces the auto show, did not provide exact figures.
“Our manufacturers and dealers had hoped to see a bump in interest this year, and they weren’t disappointed,” Dave Sloan, the auto show’s general manager said in a statement. He added that the “heightened interest in a recovering auto industry, coupled with a warmer-than-normal February and strong buzz in the community helped achieve the show’s gains.” Get the full story »
Toyota lifts guidance despite decline in profits
Toyota Motor Corp. lifted its annual forecasts beyond market expectations as cost cuts and sales exceeded its plans, but a heavy reliance on exports will keep it a laggard as long as the yen stays strong.
The world’s top automaker posted a smaller-than-expected decline in third-quarter profit and raised its sales forecast for the year to March 31 by 70,000 vehicles to 7.48 million, thanks to better-than-expected sales in Asia, Japan and Russia. Get the full story »
Mitsubishi to produce Outlander Sport in Illinois
2011 Outlander Sport
Mitsubishi will invest $45 million to produce a new Outlander Sport crossover at its Normal plant beginning in 2012, the company announced Friday with Gov. Pat Quinn.
The deal is backed by $30 million in tax incentives and is expected to breathe new life into a facility that has faced an uncertain future for years. Get the full story »
Auto sales out of the gates quickly in ‘11
U.S. auto sales jumped about 18 percent in January, led by gains for General Motors Co. and Chrysler.
The stronger U.S. auto sales results pointed to a recovery in American consumer demand and a return of easier lending terms by banks, auto executives and analysts said, despite the threat of higher oil prices. Get the full story »
Ford’s 2010 profit rises, but disappoints Wall Street
Ford earned its biggest profit in more than a decade in 2010 as robust car and truck sales and years of cost cuts paid off for the company.
The results disappointed Wall Street, however, and Ford’s stock price fell 6 percent to $17.73 in premarket trading. The reaction hinted at the difficulties the company still faces, even though it’s remade itself in recent years.
Toyota tops ‘10 global auto sales despite recalls
Toyota sold 8.42 million vehicles globally in 2010, remaining the world’s top automaker for the third year straight despite recall woes in the key North American market.
General Motors also released a new tally Monday for its global 2010 sales, at 8.39 million vehicles, slightly fewer than Toyota’s number, but a dramatic 12 percent rebound from 7.48 million vehicles the year before. Get the full story »
Kia drops Rondo, Borrego in U.S.
Automotive News | Kia has confirmed that it has dropped the Rondo van and Borrego full-size SUV from its U.S. lineup. Though Kia did not provide a reason, U.S. sales of the two cars fell in 2010.
Nissan sales surge 28% in December
Nissan Motor Co. reported a 28 percent increase in U.S. auto sales for December, growth that outpaced the broader industry, as car and truck sales each notched large gains.
Japan’s second-biggest car maker by worldwide sales volume after Toyota Motor Corp. reported it sold 93,730 vehicles during the month, up from 73,404 a year earlier and 31 percent more than November. Car sales grew 26 percent, while truck sales were up 32 percent. Get the full story »
Toyota sees sales fall 5.5% in December
Toyota Motor Corp.’s U.S. auto sales dropped 5.5 percent in December, the seventh monthly drop in 2010, as a decline in car sales again more than offset stronger demand for larger vehicles.
Adding to the woes, Toyota sold 6,554 fewer vehicles in 2010 than a year earlier, coming in at 1.76 million. It was the only major U.S. automaker to report a sales decline for the year, though absent the two fewer selling days in 2010, Toyota reported sales for the year were up 0.3 percent on a daily selling rate. Get the full story »
Ford says sales rise 15% in 2010
Ford Motor Co. says its U.S. sales rose 15 percent in 2010 thanks to strong demand for its pickups and sedans.
The company sold 1.9 million cars and trucks and grabbed market share from rivals including General Motors and Toyota. Ford says 2010 was the second year in a row it gained U.S. market share, its first back-to-back increase since 1993. Get the full story »
GM reports rise in U.S. auto sales for December
General Motors posted a 7.5 percent rise in U.S. auto sales in December on Tuesday, capping a year of gradual recovery for the industry overall that is expected to continue in the new year. Get the full story »
