U.S. new-vehicle sales finished at 17.33 million units in 2018, a year that saw light trucks push their total market share to a record-high 69% while cars continued to fall out of favor among manufacturers and consumers.
Black Book’s Used Vehicle Retention Index ticked downward for the second time in December, but seasonal declines weren’t enough to derail the key metric’s largest annual improvement since 2012.
As Charlie Gilchrist prepares to assume the chairmanship of the National Automobile Dealers Association, the Texas dealer faces a long list of pressing issues and agenda items.
An internal memo from the Consumer Financial Protection Bureau’s new director confirms the agency will not complete the renaming process that began under recently departed acting director Mick Mulvaney.
A former Kia Motors America employee claims to have identified the probable cause of a series of noncollision vehicle fires and says his concerns were ignored for more than a year before he resigned last month.
The Federal Reserve announced its fourth hike in the federal funds rate this year and lowered its economic growth forecast for 2018 and 2019.
China has agreed to reduce import taxes on U.S.-built vehicles from 40% to 15% for the duration of a 90-day countdown to a new trade deal between the world’s two largest economies.
Nissan and former executives Carlos Ghosn and Greg Kelly were formally indicted for violations of Japan’s financial instruments and exchange law.
The number of electric vehicles on U.S. roads will double in the next three years, according to a new report from the Edison Electric Institute.
Experts say a growing affordability gap is driving renewed interest in late-model sedans as new-vehicle buyers and manufacturers go all-in on SUVs and trucks.