Auto Dealer News

A Downers Grove man who operated a car dealership in Chicago has been sentenced to six months of home confinement for defrauding an Aurora bank out of nearly $350,000 from a federally insured loan program.

As of July 9, 74,911 new cars have been sold so far this year, a 28% increase on the same period last year and ahead of the full year 2013.

The majority of used car dealerships suffered extensive damage from the severe hailstorm in Sofia on Tuesday afternoon, reports bTV.

The annual Pied Piper Prospect Satisfaction Index, a research aimed squarely at finding the best dealerships and among them the ones most prone to close the deal on their cars, sees Mercedes-Benz venues on top and Tesla outlets close to the end.

Automobile dealers have launched pre-budget offers to boost sales. They have introduced different schemes to woo customers who are anticipating price hike after the budget speech.

Ford Motor Co., targeting an end to losses in Europe, maintained its forecast to return to profitability in the region by 2015, as it reported auto sales for the first six months that outpaced the broader industry.

The industry is on pace to sell more than 16 million cars this year ... but don't break out the party hats and champagne just yet.

Car sales in China cooled in June, with domestic brands falling further behind their foreign rivals in the world's biggest auto market, a China-market industry group reported Wednesday.

He was an influential businessman whose effect on the local automotive industry lives on in people who run dealerships around the islands.

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The China Association of Automobile Manufacturers reported Wednesday that passenger vehicle sales rose 11.5 percent last month over a year earlier to 1.56 million vehicles.

After new car sales in Russia slipped no less than 17.3 % in June over the same period last year, the Association of European Businesses moved to forecast that deliveries would drop 12% overall this year.

China's automobile output and sales both exceeded 11 million units during the first half of 2014, underlying great inventory pressure for car dealers, according to data from the China Association of Automobile Manufacturers on Wednesday.

This report describes the various rating actions... )--Fitch Ratings expects to assign the following rating to USD125.250 million guaranteed notes due September 2019 issued by Seven and Seven Ltd.: --'AA-sf'; Outlook Stable.

Langley City will be the new home for an oil and vinegar specialty store. I'm referring to All of Oils , the creation of Glenn Pineau and Kimm Brickman who are preparing to launch their second location in the City with a grand opening celebration early next month.

Three people, including at least one with a gun, assaulted and robbed a car salesman at a dealership in Pitt County Tuesday morning, an employee told NewsChannel 12. According to the Pitt County Sheriff's Office, the armed robbery happened at Reaves Auto Sales at 115 Faith Baptist Rd., off Highway 11 between Ayden and Grifton.

Pedestrians look through a window towards a special edition Phantom Drophead Coupe Rolls Royce in a show room in London.

Ryland Homes Houston is the latest homebuilder to sign on in the growing community of Bridgeland, located in Cypress.

Back in May, there was speculation that the Detroit Three automakers would maintain or perhaps even extend their traditional summer shutdowns , mostly due to a bitingly cold winter that saw below-freezing temperatures infiltrate the southernmost reaches of the US, putting a chill on auto sales.