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May saw sales increases for Chrysler, GM and Mercedes-Benz, while Ford sales stayed consistent with the year-ago period. Due to parts and production shortages in Japan, import brands Honda, Nissan North America and Toyota Motor Sales all saw decreases compared with May 2010 sales.
Read More →The iPad and smartphone versions of the Ford and Lincoln Build and Price online shopping tool allow shoppers to virtually build a car, receive a price estimate, and find a local dealership to facilitate the purchase.
Read More →Edmunds.com estimated that the average “True Cost of Incentives” from automotive manufacturers in the United States was $2,118 per new car sold in April 2011, down $250, or 10.6 percent, from March 2011, and down $515, or 19.6 percent, from April 2010.
Read More →Ford Motor Company today reported first quarter 2011 net income of $2.6 billion, an increase of $466 million from first quarter 2010 as fuel-efficient new products, continued investment in global growth and the strengthening of Ford’s core business boosted results.
Read More →Honda and Lexus took home the top prizes in Edmunds.com’s inaugural Best Retained Value Awards, which recognize the brands and new-car models that have the highest projected residual value after five years.
Read More →FordDirect and Ford Motor Company announced Feb. 5 that Galpin Ford of North Hills, Calif., and Hines Park Lincoln of Plymouth, Mich., are the Ford and Lincoln-Mercury Internet Dealers of the Year for 2011.
Read More →Edmunds.com estimated that the average automotive manufacturer incentive in the U.S. was $2,530 per vehicle sold in January 2011, essentially unchanged from December 2010, but up $177, or 7.5 percent from January 2010.
Read More →Ford Motor Credit Company reported net income of $2 billion in 2010, an improvement of $0.7 billion from earnings of $1.3 billion a year earlier.
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The new-car market in the United States experienced a gradual recovery in 2010, according JATO Dynamics, a provider of automotive intelligence.
Read More →Despite three automakers reporting sales gains and the world’s largest retail association predicting that December will see the biggest increase in spending since 2006, the Conference Board reported that consumer confidence dipped in the year-end month for the first time in two months.
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