Fox Business - The Power to Prosper
Search Site

Infiniti

Auto Sales Bounce Back After Lackluster Winter

The auto industry bounced back in March after a lackluster winter, as demand for pickup trucks and sport-utility vehicles fueled sales.Low interest rates, as well as demand from the housing and energy sectors, contributed to U.S. auto sales that raced higher in 2013. However, over the first two months of 2014, record amounts of snow dragged down sales.Analysts expected sales to return to form during the spring, anticipating some pent-up demand from consumers who put off buying a car.Jack Nerad, Kelley Blue Book's executive editorial director and market analyst, said the better-than-expected results in March confirm that winter weather delayed sales.Car information provider Kelley Blue Book said the average transaction price for light vehicles in March increased 1.4% to $31,995. Prices were down 0.6% compared to February.Chrysler continued to lead the pack with a monthly gain of 13%, thanks to strong demand for trucks and the company's new Jeep Cherokee.The Auburn Hills, Mich.-based com...

Read More

  1. FedEx expects record shipment of 22M packages on cyber Monday

    FBN's Jo Ling Kent breaks down late-morning market news.

  2. Could self-driving cars hit the road soon?

    ‘The Car Coach’ Lauren Fix on the potential benefits of self-driving cars.

  3. Stocks twisting and turning with each twist and turn in DC

    Fox Biz Flash: Tuesday, 10/15

  4. Debt ceiling creating too much uncertainty for investors?

    Greywolf Execution Partners’ Mark Newton, ISI Group Vice Chairman Krishna Guha and Adam Mesh Trading Group Chief Strategist Todd Horwitz on the factors weighing on investor confidence.

  5. Nissan's Infiniti says to hit operating margin goal

    Infiniti, the luxury brand of Japanese carmaker Nissan <7201.T>, will meet its operating profit margin target this fiscal year, its president said, reversing years o...

  6. Daimler sees decision on Nissan, Mexico by year-end

    Germany's Daimler is examining the joint production of small luxury vehicles with Japan's Nissan Motor <7201.T> at a Nissan plant in Mexico, and expects a decision b...

  7. Infiniti Unveils New Steering Technology

    Infiniti Chief Creative Officer Shiro Nakamura on the new drive-by-wire technology in the Q50 model.

  8. Sirius XM Buys Agero's Connected Vehicle Business

    Sirius XM Radio (NASDAQ:SIRI) inked a deal to buy the connected vehicle services business of Agero for $530 million in cash on Thursday as it looks to expand its sui...

  9. Could Al Qaeda hack into your car and crash it?

    Cyberterror analyst Morgan Wright weighs in

  10. Foreclosures Down in May

    FBN's Lori Rothman breaks down late-morning market news.

  11. GM's Chevy, GMC Score Big in J.D. Power Quality Survey

    General Motors' (NYSE:GM) Chevrolet and GMC each ranked among the top five brands in the closely watched J.D. Power & Associates Initial Quality Survey, as the autom...

  12. Beware! Tesla is a bubble just waiting to burst

    By Barry RandallCongratulations to Tesla ( TSLA ) shareholders for the recent, astounding gains in the company's stock. In spite of (or because of) the immense short...

  1. Nissan Recalls Over 1M Cars for Air Bag Glitch

    Nissan is recalling 1.05 million vehicles worldwide to address a software glitch that could cause a failed air-bag deployment.According to a filing with the National...

  2. Nissan February Sales Jump 16%, Beat Views

    Nissan Motor Co said on Monday that its U.S. February sales rose 16 percent, which is expected to easily top the estimated gain of less than 1 percent for the auto i...

  3. U.S. Auto Industry Quality Slips, First Time in 16 Years

    Engine and transmission problems caused quality in the U.S. auto industry to slip for the first time in 16 years in a vehicle dependability study of owners of 3-year...

  4. Nissan Could Sacrifice Market Share Goal

    Nissan Motor Co could sacrifice its global market share goal to reach its mid-term profitability target after slower-than-expected sales in its biggest markets left ...

  5. First Steer-By-Wire Car

    Fox Car Report drives the 2014 Infiniti Q50

  6. How should you invest once Fed tapering begins?

    Adam Mesh Trading Group Chief Strategist Todd Horwitz, Mainstay Capital Management CEO David Kudla and Swan Wealth Advisors’ Mark Sebastian on the Federal Reserve and markets.

  7. Will Lender Extend Car Loan Period?

    Dear Driving for Dollars,My brother has a medical situation where he won't be able to do his job for about six weeks. He has no sick pay and is wondering how he is g...

‹ Prev12345Next ›
Freebase CC-BY
Source: Infiniti on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL