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December New-Car Sales Close Record-Breaking Year, Up 13 Percent...
2015-12-23 00:43:09| Auto Dealers - Topix.net
December will cap the biggest year of U.S. new-car sales that the industry has ever seen, with total light vehicle sales of roughly 17.5 million, representing a 6.1 percent jump from 2014 totals. The previous high was 17.35 million units in 2000.
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M&A Sizzles for New-Car Dealers
2015-12-22 04:01:40| Auto Dealers - Topix.net
U.S. car dealerships changed hands at an accelerated pace this year boosted by robust new-car demand, strong dealer profits and an increased focus on the business following Warren Buffett's purchase of a Phoenix-based chain. A total of 456 dealerships have been acquired thus far in 2015, a 40% increase over the prior year, according to The Banks Report, which tracks merger and acquisitions in car retailing.
EU new-car sales grow nearly 14% in November
2015-12-15 10:54:23| Auto Dealers - Topix.net
New-car sales in the European Union surged nearly 14% in November, shrugging off Volkswagen AG's diesel crisis to turn in the second-strongest monthly sales this year, according to data published Tuesday by the European Automobile Manufacturer's Association. With the recovery of European car markets still strong, new-car sales rose 8.7% in the 11 months to November to 12.6 million vehicles.
5 surprises in November's new-car sales
2015-12-07 19:56:37| Auto Dealers - Topix.net
November is historically a quiet time for new-car sales, but 1.32 million vehicles found new homes last month, making it the best November since 2011. Indeed, 2015 new-car sales just kept on truckin', with automakers now thinking the seasonally adjusted annual rate for the year is on pace for 17 million-plus; they also predict that number could stay steady or grow in the next two years.
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VW new-car sales nosedive: What's next?
2015-12-07 15:46:28| Auto Dealers - Topix.net
VW withstood the initial fallout of its diesel emissions scandal , holding sales flat in October, the first full month after revelations of its cheating. Dealers, too, seemed hopeful they'd be able to sell their way through the crisis with the help of emergency aid from the factory, help that earned VW of America CEO Michael Horn a standing ovation at VW's national dealer meeting.
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