car sales News Updates

Business

US New Vehicle Sales Rise Year-Over-Year in Q2 — Barely

U.S. new-vehicle sales rose only slightly in the second quarter despite larger discounts and slightly lower prices.

July 2, 2024
Government, Business, Technology

BlackSuit Gang Blamed in Cyberattack on Car Dealers

A hacking group called BlackSuit is behind the cyberattack on CDK Global that has paralyzed car sales across the U.S., according to Allan Liska, a threat analyst at the security firm Recorded Future Inc.

June 24, 2024
Business, Equipment

Average US Vehicle Age Hits Record 12.6 Years

DETROIT — Cars, trucks and SUVs in the U.S. keep getting older, hitting a record average age of 12.6 years in 2024 as people hang on to their vehicles largely because new ones cost so much.

May 22, 2024
Business, Equipment

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.

April 5, 2024
Business

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.

April 2, 2024
Business, Technology, TCA

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.

January 8, 2024
Government, Business

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.

January 3, 2024
Business, Technology, Equipment

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.

November 16, 2023
Government, Business

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.

July 10, 2023
Business

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.

July 6, 2023