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The spring thaw helped new-vehicle sales rebound in March, with the seasonally adjusted annual rate rising from last March’s 15.3 million rate to 16.4 million.
Read More →Toyota will pay a $1.2 billion financial penalty — the largest penalty ever imposed on an automotive company — for concealing and making deceptive statements about two safety issues affecting its vehicles in 2009, the U.S. Department of Justice announced last week.
Read More →Vehicle OEMs are hopeful for a sales rebound after winter storms pushed down sales in late January. According to Autodata, both the industry SAAR and total sales were down from a year ago.
Read More →December sales were in line with last year’s total, while annual sales increased nearly 8% to 15.6 million units.
Read More →Not only is the number of vehicles on the road today at its highest level since 2008, the average age of the current fleet increased a full year from four years ago, Experian Automotive reports.
Read More →Toyota’s captive finance arm has been able to draw a wider range of customers through no-interest loans and low-cost leases, thanks to its automaker’s AA-credit rating and $95 billion in assets, Bloomberg reports.
Read More →Manufacturers attribute the drop in the SAAR to fewer selling days in September and Labor Day sales being included in August sales totals. One manufacturer attributes the drop to troubles in Washington, D.C.
Read More →Honda, Toyota and Ford received top nods from Edmunds.com in its annual Best Used Cars report.
Read More →At last week's J.P. Morgan Investor Conference in New York, a Toyota executive says the OEM is on track to sell 2.2 million vehicles in 2013.
Read More →Technologies like pilot parking, easy-fill tire alert, Wi-Fi hotspots, and hydrophobic windows will be available to most mainstream drivers a lot sooner than they might expect, Edmunds.com predicts.
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