Industry

Used-vehicle values are cooling off, but prices as of mid-October still hovered nearly 10 percent above year-end 2019 levels. For the week ended Oct. 17, wholesale vehicle prices at Manheim auctions were 9.7 percent higher than at the start of the year, and retail prices were 9 percent higher, according to Cox Automotive. But prices
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The Polestar 2 has arrived in the U.S., where it has two strikes against it. First of all, it’s an electric car — a sharp-looking fastback, but undeniably a sedan in a market that shows ever-declining interest in such vehicles. In addition, it’s made in China, so it faces a 27.5 percent tariff — a
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New CEO Jim Farley has instituted a number of changes in his first weeks leading Ford Motor Co. One thing that won’t change? His weekend pastime. Farley, 58, said last week in an interview with Salesforce that he won’t stop racing now that he’s reached the top job. Oftentimes, key executives are asked to curtail
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Here is one takeaway from the recent Beijing auto show: Detroit’s days in Asia are numbered unless it acts fast. In the some of the world’s largest and fastest-growing markets, General Motors, Ford Motor Co. and Fiat Chrysler Automobiles are going in reverse. Sales are sliding, down 45 percent from their peak. Ford and FCA
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A supplier with one of the biggest industrial projects now underway in the U.S. auto industry — a $2.6 billion electric vehicle battery plant in north Georgia — expects a ruling from federal trade officials next week that could shut down construction. The legal question could create dire complications for two closely watched vehicle programs:
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SHANGHAI — Visiting dealerships in China these days, you can’t help feeling a sense of euphoria. Even as COVID cases in the United States rise again, China’s automotive retail market is showing every indication that it is returning to a pre-pandemic reality. Take the cluster of dealerships on Wuzhong Road in southwest Shanghai. In February,
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After former Cleveland Browns defensive end Chris Smith’s girlfriend Petara Cordero died in a disabled vehicle accident in Ohio last year, he agreed to promote a new technology that could help prevent similar tragedies. Startup company Emergency Safety Solutions, known as ESS, reached out to him about its emerging product being developed for automakers and
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Sonic Automotive Inc. CEO David Smith is due in Mecklenburg County District Court in North Carolina on Oct. 20 to face a felony charge of assault by strangulation related to his arrest last week. Smith, Sonic’s CEO since September 2018, spent a night in the Mecklenburg County Jail after he was arrested Monday, Oct. 5,
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DETROIT — Detroit’s biggest seller of luxury vehicles isn’t Cadillac anymore. It’s GMC. GMC’s high-end Denali and AT4 lines are outselling General Motors’ traditional luxury brand in the U.S. this year, according to figures from GM and the Automotive News Data Center. The automaker is building on Denali’s ability to command luxury prices by expanding
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New-vehicle inventories tightened further in September to just 2.11 million vehicles, a decline of about 150,000 vehicles from the previous month, as sales return while production struggles to keep up. The inventory composite, compiled by Cox Automotive, is the lowest industry inventory level in nine years, according to the Automotive News Data Center, and represents
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Lexus sprinted to the front of the luxury sales race in the third quarter despite having the tightest vehicle inventory among the major luxury brands. The Japanese automaker overtook perennial front-runners Mercedes-Benz and BMW, which also struggled with lean inventories due to pandemic-related production shutdowns this spring. But Lexus dealers had a 26-day supply of
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As if it hasn’t been hard enough recruiting work forces over the past couple of years, with booming sales and low unemployment, before the coronavirus pandemic. Now, as business slowly creeps back to normal, automotive companies face a new challenge: Amazon. The online marketplace plans to recruit 100,000 hourly U.S. and Canadian workers at a
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Nissan’s latest strategy for its premium Infiniti brand has been described as less “mini-Mercedes” and more “Nissan-plus.” Financially beleaguered Nissan Motor Co. will lean into greater collaboration between mass-market Nissan and premium Infiniti. That means Infiniti will share platforms, powertrains and assembly lines with the Nissan product line in an effort to boost product development
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Car makers and safety experts are arguing about the best technology to curb speeding on Europe’s roads. The EU is proposing kit that renders the accelerator pedal temporarily unresponsive when the speed limit is reached. The driver has to push hard on the pedal to de-activate the system and deliberately break the limit. Car makers
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Even before it reaches dealerships this fall, the Ford Mustang Mach-E is getting a price cut of up to $3,000. It’s a testament to the looming competitiveness of a segment — battery-electric crossovers — that barely even exists at the moment. Ford, Volkswagen, Hyundai and Nissan are joining Tesla’s Model X and Model Y by
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As with most franchised dealerships across the U.S., Ron Marhofer Auto Family loaded up on used-car inventory in March for an active spring selling season. But when the coronavirus crisis broke open that month, the retailer’s inventory of 900 used vehicles quickly started to sour. With the vehicles losing value and consumer demand waning, COO
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New UK car registrations fell 4.4% in September from a year earlier, according to the motor industry. That made it the worst September this century in what is normally the industry’s second most important month. There were just 328,041 new registrations in the month, said the Society of Motor Manufacturers and Traders (SMMT). The car
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ATLANTA — Dimitris Psillakis has three months before he takes over the top job at Mercedes-Benz USA. That may give the incoming CEO time to consider new solutions to the rising challenges the luxury automaker is facing. Psillakis, currently Mercedes-Benz’s Canadian boss, will oversee both the U.S. and Canada markets starting Jan. 1. The 53-year-old
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In one of the most unusual used-vehicle selling years ever, dealers often have had to switch up the way they get inventory and — in some cases — throw out their valuation playbook altogether. Used-vehicle sales were set for another strong year, but just a few months into 2020, the market was unexpectedly sent spiraling
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Ford Motor Co. added a new configuration option for the upcoming Bronco SUV last week after an outcry from enthusiasts. Ford said it would allow Bronco buyers to get a seven-speed manual gearbox in combination with the off-road Sasquatch package that includes 35-inch tires and a high-clearance suspension. It previously said the Sasquatch package, which
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In his 13 years at Ford, Jim Farley has been head of global marketing. He led Lincoln. He ran Ford of Europe. He was president of technology and global markets. For a few more days, he’ll be COO. But when he succeeds Jim Hackett on Oct. 1, he’ll bring to the table something that no
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