Ram pickups, Ascent SUVs affected by late-model issues.
Improved inventory levels and higher retailing cited for the sales boost.
BMW overtook Subaru to take the top spot in Consumer Reports’ annual ranking of top automotive brands for performance, safety and reliability.
Demand for new vehicles in the United States remains strong despite rising interest and loan rates, reported CEO Tomomi Nakamura.
A J.D. Power brand loyalty study finds most car buyers return to the same brand when trading in their used vehicles.
Meanwhile, AutoNation, Hendrick Automotive Group top public, private rankings.
The Motor Industry Vehicle Board in New Hampshire ruled that Subaru of New England “unreasonably withheld consent of sale” of Prime Subaru Manchester to Group 1 Automotive Inc.
Subaru profit jumped 25% in the latest quarter as the automaker recovered production, ramped up sales and cashed in on favorable exchanges rates.
Ford Motor Co. saw U.S. sales rebound sharply in July for the second consecutive month while Toyota Motor Corp. and Honda Motor Co. saw sales dip for the 12th consecutive month.
As automakers report second quarter results, analysts say a market rebound may be on the way.
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