DETROIT, Oct 3 (Reuters) - Major automakers on Tuesday posted higher U.S. new vehicle sales in September as consumers in hurricane-hit parts of the country replaced flood-damaged cars, extending a rally in their shares that began when Hurricane Harvey hit southeast Texas in late August. Analysts and industry consultants had predicted hurricanes Harvey and Irma would provide automakers with their first monthly gains in 2017. Sales had been weak after a strong run since 2010 that culminated in re
Even after cars are discontinued, new unsold ones still show up in sales. We look at the worst-selling cars that are already dead.
DETROIT — Tropical Storm Harvey is likely to briefly depress already-slowing U.S. auto sales, but will eventually boost demand as damaged cars are replaced, analysts said on Tuesday. The catastrophic flooding in Houston, the fourth-largest U.S. city, could mean 2 percent fewer vehicles will be sold in August than previously expected, according to Edmunds.com. "In subsequent months we'll likely see a slight localized bump in sales as the recovery takes hold and people are able to buy repl
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Despite the miss, we should see 2016 as a success for Tesla.
Method Man goes undercover as a car salesman and tries to sell used cars to unsuspecting buyers.
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Sluggish car sales in March appear to be a one-month anomaly. In April, automakers returned to the record-setting sales pace they've enjoyed for the better part of a year.
Ford posted record profits in the first quarter of 2016, the company announced Thursday. Chief financial officer Bob Shanks said Ford enjoyed its best quarterly performance in history, generating operating profits of $3.8 biliion and a record profit margin of 9.8 percent.
There's never been a better time to be in the business of selling cars. But a six-year streak of increased auto sales may soon come to an end.
Cheap credit and cheaper gas prices are continuing to fuel one of the greatest sales runs in automotive history.
Car shoppers took notice of Volkswagen's flagrant emissions cheating. In November, Volkswagen sales plunged nearly 25 percent in the United States, according to data released Tuesday morning.
More than halfway through the 2015 calendar year, automotive sales remain steadfastly strong. Crossovers and SUVs are selling so well that the industry as a whole surged over five percent in July.