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No Respite In June As Auto Sales Continue To Skid
Monday, July 3, 2017 - 11:45am | 800June signaled continuity for the year's auto trend, as automakers continued to report lackluster sales. The sixth month of the year had the same selling days in 2017 as that of 2016. As the trend would have it, car sales continued to head southward. With U.S. automakers looking to wean them off...
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Mixed Auto Sales Results For May Despite Heavy Holiday Promotion
Thursday, June 1, 2017 - 1:30pm | 9412017's first-half auto trend continued into May, as automakers reported lukewarm sales results. Truck and SUV sales offered a reason to cheer, while car sales continued southward. Incentives continued to pad up sales results, although inventory levels saw some improvement. For the first time since...
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April Auto Sales See Declines Across The Board: Gas Guzzlers In, Cars Out
Tuesday, May 2, 2017 - 1:24pm | 906Coming off a record year, automakers were pressured to keep the good show going in 2017. Tidings weren't good in the first three months of the year, as bloated inventory levels and heavy discounting took a toll on the automakers. The lackluster performance continued into April, and the shares of...
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Which Is A Better Investment: Automakers, Auto Suppliers Or Car Parts/Service Providers?
Saturday, April 29, 2017 - 9:33am | 1347With the economy faring relatively well amid resurgence in consumer confidence and in turn spending, the milieu is relatively favorable for auto and auto-related stocks. Added to the positive macroeconomic backdrop, automakers have been very lavish in splurging incentives to lure customers....
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Electric Vehicles Face Major Test As $7,500 Tax Credit Could Come To An End
Monday, April 24, 2017 - 12:21pm | 568What will happen to sales of electric vehicles after an attractive $7,500 tax incentive from the U.S. government ends? While some are quick to say it is too soon to tell, others are quick to sound alarm bells. According to Edmunds, the elimination of the U.S. government's $7,500 tax credit will...
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Automakers' March Numbers Deflate Share Prices
Monday, April 3, 2017 - 1:25pm | 902Shares of automakers and auto parts retailers took a hit on Monday amid the release of lackluster March sales data, as car sales took a hit amid consumer preference for SUVs and trucks in a low gas prices environment. The "double-I" concerns, namely incentives and inventories, did not bode well for...
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U.S. Auto Sales Skid In January
Wednesday, February 1, 2017 - 2:35pm | 720January is typically a soft month for auto sales, as sales cool off following the frenzied activity in the previous month on the back of heavy promotions to tap the holiday fervor. Additionally, the month is seen as cool-off period before a summer build up. In line with the trend, most automakers...
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Automakers In Top Gear As November Sales Accelerate
Thursday, December 1, 2016 - 1:34pm | 532Automakers are truly in the fast lane, as is evident from the monthly sales results reported for November by companies within the space. Easy credit terms, heavy promotions, two extra selling days this year, benign gas prices and buoyant consumer confidence have all served to work in unison to...
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Edmunds.com Analyst: Tesla Needs To Launch The Model X
Thursday, February 12, 2015 - 9:43am | 168Speaking to Benzinga, Edmunds.com Senior Analyst Jessica Caldwell says that Tesla Motors Inc (NASDAQ: TSLA) needs the Model X to complement its line up and “increase its exposure to a broader customer base.” The Model X, which the company said is still expected in Q3, was originally...
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Edmunds.com: Black Friday Will Boost November Car Sales
Monday, November 24, 2014 - 4:09pm | 267While many consumers are shopping for a great Black Friday deal for a new TV or tablet, Edmunds.com is predicting this year's Black Friday will help boost overall November new car and truck sales. “Car sales will remain elevated in November in large part because of Black Friday,...
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4 Auto Stories You Might Have Missed This Week
Friday, November 7, 2014 - 4:07pm | 837As the week comes to end, Benzinga takes a look back at some of the top trending auto news stories. Hyundai And KIA Settle With U.S. Regulators South Korean-based Hyundai and Kia were fined $100 million by U.S. regulators for violating the Clean Air Act. The automakers were accused of over-...
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Car Companies Watch The Rising Ride-Share Industry Warily
Friday, September 19, 2014 - 9:02am | 623A lot of Internet and newspaper ink has spilled recently about the global rise of the vehicular pick-up and ride-sharing industry. Automakers appear to be positioning themselves for whatever economic and cultural changes companies like Uber, Zipcar Inc and Lyft are bringing -– or might...
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Don't End Up Underwater On Your Car Loan – Here's How
Saturday, May 17, 2014 - 1:12pm | 558During the housing crisis, there was a lot of talk of homeowners who were underwater on their homes—owing more on the loan than the home was worth. Loan companies, along with the federal government, looked for ways to help -- and for some homeowners, help was found. What isn’t talked about...
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What's In A Name? Cadillac Thinks Escalade Brand Can Go Places
Wednesday, October 9, 2013 - 9:16am | 404For General Motors (NYSE: GM), a lot is riding on its Cadillac Escalade. The large luxury SUV has been a high-profile best-seller in its class for years now, and the company is hoping to extend the Escalade brand to other Cadillac vehicles. “Escalade's role in the grand plan is to recapture...
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Factors To Consider For Ford's Russian Sales / OAO Sollers Deal To Function As A Distribution Channel For All Ford Vehicles In Russia (F)
Tuesday, March 1, 2011 - 9:54am | 428Earlier this year, Ford Motor Company (NYSE: F) announced a 50-50 partnership with Russian automaker OAO Sollers. Alan Mulally, the CEO of Ford, told Bloomberg this morning that the partnership will allow the company to accelerate its introduction into the Russian marketplace. "The idea is that we...