Q1 Auto Sales Grow 5.1% Despite High Interest Rates
DETROIT — New vehicle sales in the U.S. rose 5.1% from January through March, as buyers stayed in the market despite high interest rates. But electric vehicle sales growth slowed.
Toyota, Honda Sales Up as Americans Seek Cheaper Cars
Toyota Motor Corp. and Honda Motor Co. notched big U.S. sales gains and General Motors Co. grew retail deliveries to start the year as demand for lower-priced models help automakers defy expectations for a broad slowdown.
Stellantis Sales Drop 1% in 2023; Plug-In Hybrids Up
Stellantis NV reported a 1% U.S. sales decline in 2023, the company said Jan. 3. The automaker sold 1.527 million new vehicles last year, down from about 1.547 million sold in 2023.
Carmakers End 2023 With High Rates, Prices Affecting Sales
U.S. auto sales softened at the end of last year as higher financing costs and near-record prices took their toll on would-be buyers.
Amazon, Hyundai Announce Online Car Sales From Local Dealers
Amazon.com Inc. customers will be able to buy Hyundai Motor Co. vehicles on the e-commerce giant’s website starting next year.
Used Car Prices Fall Most Since Pre-Pandemic
Used car prices in the U.S. fell 4.2% in June, their biggest monthly drop since the early days of the pandemic, as a key measure of inflation eases.
Strong Q2 For Toyota, GM Points to Auto Industry Strength
General Motors Co. and Toyota Motor Corp. both posted strong sales gains in the second quarter, signs of consumer health in the auto market as semiconductor supply improves.
Combustion Car Sales Struggling to Return to Pre-Pandemic Levels
As the recovery of global auto sales takes shape, it’s becoming clearer that sales of internal combustion vehicles are unlikely to ever return to pre-pandemic levels.
Ford to Raise Production as Auto Sales Start to Recover
DEARBORN, Mich. — Ford will increase production of six models this year, half of them electric, as the company and the auto industry start to rebound from sluggish U.S. sales in 2022.
March 6, 2023AutoNation Expects Used-Car Price Drop as Volumes Recover
AutoNation Inc., one of the biggest car dealership chains in the U.S., expects prices for new and used cars to decline this year as manufacturers crank up volumes and offer more incentives to price-sensitive buyers.