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Fiat Chrysler Automobiles NV’s U.S. unit failed to persuade a federal judge to throw out an antitrust lawsuit claiming it pushed dealers to submit fraudulent sales numbers to prop up the carmaker’s share price. Two dealerships owned by the Napleton Auto Group, including Napleton’s Arlington Heights Motors in Illinois, originally sued Fiat Chrysler in January, alleging racketeering, violations of antitrust laws and breach of contract. The original suit was never served on FCA and an amended complaint was filed in March. FCA denied the allegations in the suit. U.S. D...
Considering the gas prices are low as never before, Americans continue to show how much they are into big pickup trucks. A look at the top-selling new vehicles in the first nine months of the year shows that the U.S.' big three automakers are still the kings. Ford has the nation's best selling vehicle with its F-150, the next one comes General Motors with its Chevrolet Silverado, and the third one of course belongs to Fiat Chrysler's Ram 1500. The Ram's sales are up the most among these three models, with 8.6% more than the same period last year. The same three were ...
Japanese automakers Toyota Motor and Nissan Group posted U.S. sales increases in September, while Honda sales were flat, despite projections of an overall industry decline for the month. Toyota's sales rose 1.5% for the month to 197,260 vehicles, as the company's namesake Toyota brand rose 1.4% and its luxury Lexus brand increased 2%. American Honda sold 133,655 units in September, just 95 fewer than it sold a year earlier. The namesake Honda brand recorded a 1.5% increase, while the Acura luxury brand fell 12.9%. Nissan Group posted a surprisingly strong month for U.S. sale...
In the last few years, mainstream automakers benefited from strong truck and utility vehicle sales in the US. While small car sales showcased stagnation in the country, demand for heavyweight vehicles rose in the last few quarters. It’s important to note that these heavyweight vehicles, including pickup trucks and utility vehicles, tend to yield higher margins for automakers compared to small cars. In general, heavyweight vehicles are less fuel efficient than small vehicles. Weakness in oil prices and a recovery in the country’s housing and construction market could be ...
Even as incentive spending reaches a record high, U.S. new-vehicle sales are projected to decline for a second consecutive month. The forecasts reinforce the notion that industry sales have leveled off after six consecutive years of gains coming out of the recession. But analysts say the market is not on the brink of a downturn, either. Auto sales are tracking just about even with last year’s record-breaking pace, so there’s good reason to believe that they’ve hit a high plateau. At the very least, automakers can feel good that sales are consistently hovering at o...
