Used car sales were approaching 2.3M units in late January, up 4% from January 2012. Independent dealers had the highest percentage gain, followed closely by franchised; private party was down and should reverse course soon, said Art Spinella in January’s Retail Automotive Summary.
The Ford F-Series has been the number one selling used vehicle for at least 13 years in a row, and the Chevy Silverado was bumped from No. 2 by…
Used vehicle prices remained stagnant at both the retail and wholesale levels, and for franchised dealers, transaction prices were down…
The growing supply of trucks and passenger cars is part of the price problem, and in January days’ supply it was about…
Click here to read more of Art Spinella's take on what happened in January's market and where it's all headed...
Wanxiang Group received approval from the federal government’s Committee on Foreign Investment in the United States to acquire most of the assets of lithium-ion battery maker A123 Systems. Wanxiang has also said that it wants to support Fisker Automotive, a struggling partner of A123 which has used the li-ion battery in its Fisker Karma plug-in […]
Honda of America Manufacturing will invest $23 million and hire approximately 50 people at its Marysville, Ohio auto plant to add production of the new two-motor Accord Hybrid Sedan, slated to go on sale nationwide this fall. It will be the third Honda hybrid built in the U.S. and the first in Ohio. Honda says […]
The Fiat-Chrysler Group released a new product plan for the North American market – the global OEM is introducing 47 new or significantly refreshed models during the next four years, including six Alfa Romeos. It’s more than a dozen over what the company had planned to bring to market, according to the last product plan […]