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TOP NEWS: Ford Poised for Record North American Profit
2013-04-24 09:00:05| AutomotiveDigest.com - Automotive Industry News
Automotive financial analysts say Ford earned record first-quarter profits in North America based on sales of the companys top-selling Fusion and Focus models. Hybrid vehicles sales took a considerable surge last year, according to Experian Automotive, but hybrids still represent only a small percentage of car sales. Ford and GM are now on solid profit grounds with top-selling models and should see a hike in market share this year, despite losses in Europe.The Article TOP NEWS: Ford Poised for Record North American Profit appeared first on Automotive Digest.
TOP NEWS: Auto Sales in U.S. Get J.D. Power High Sign
2013-04-23 09:00:17| AutomotiveDigest.com - Automotive Industry News
Through the first half of April, auto sales remain in a "healthy holding pattern," according the J.D. Power and Associates and LMC Automotive. The new Lincoln MKZ got off to a slow production start, but dealers are now getting deliveries and Lincoln has high hopes for its flagship car. Dealers are being told by Edmunds.com that gas-powered cars will remain the dominant force in the automotive market for the foreseeable future.The Article TOP NEWS: Auto Sales in U.S. Get J.D. Power High Sign appeared first on Automotive Digest.
TOP NEWS: Chrysler Will Lose Money on Fiat 500e Sales
2013-04-22 09:00:47| AutomotiveDigest.com - Automotive Industry News
Speaking at the SAE World Congress in Detroit, Chrysler CEO Sergio Marchionne says every Fiat e500 sold will cost the company thousands. Toyota North American CEO Jim Lentz says the Prius hybrid line may not reach a target for growth in 2013 as gasprices fall faster than the automaker expected. Says Bob Lutz, former GM product czar, EPA fuel efficiency regulations, set to be in effect by 2025, will add considerably to the cost of purchasing a new car.The Article TOP NEWS: Chrysler Will Lose Money on Fiat 500e Sales appeared first on Automotive Digest.
TOP NEWS: Toyota and Lexus Top U.S. Hybrid Car Sales
2013-04-19 09:00:29| AutomotiveDigest.com - Automotive Industry News
Nearly 2 million out of the 5 million Toyota and Lexus sold globally thus far were sold in the U.S., says Toyota Motor Sales USA. The AutoTrader.com vehicle scarcity list indicates luxury model used cars are hard for dealers to find, as inventory experts give dealers advice. AutoNation, Inc. has reported all-time record 2013 first quarter revenue as AutoNation CEO Mike Jackson speaks out on the double-digit growth.The Article TOP NEWS: Toyota and Lexus Top U.S. Hybrid Car Sales appeared first on Automotive Digest.
TOP NEWS: Cost of Owning, Operating a Vehicle on the Rise
2013-04-18 09:00:31| AutomotiveDigest.com - Automotive Industry News
AAA has released the results of its annual Your Driving Costs study, indicating the cost of owning a car in the U.S. has gone up in the last year. General Motors has seen a 3.6 percent rise in car sales globally in the first quarter of 2013, hanging onto its global sales lead over Volkswagen. GM is adding two midsize pickup trucks to Chevrolet and GMC for 2015, hoping to gain traction over Toyota in the small truck arena.The Article TOP NEWS: Cost of Owning, Operating a Vehicle on the Rise appeared first on Automotive Digest.
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