Toyota Motor Sales, U.S.A., Inc. reported sales of 178,131 cars in December, up 0.4 percent from 177,488 cars from a year ago. Sales beat forecasts by analysts polled by Bloomberg, who had predicted an average 1 percent drop in sales.
As one analyst said, the U.S. market isn't the cash cow it once was, but it's still a mature and profitable market, as opposed to more volatile emerging markets, or stagnant ones in Europe, said Rebecca Lindland, an analyst with the consulting firm IHS Automotive, according to The New York Times.
U.S. auto sales rose 10 percent in 2011 but major automakers forecast a slowdown in growth this year because of weak job growth and risks to the American economy from a slowdown in Europe.
German car sales rose 6.1 percent in December as consumers brushed off an uncertain economic environment and bought more compact cars, high-margin vans and luxury saloons.
Japan's leading share average rose to a three-week closing high on Wednesday after better-than-expected economic data from the United States and China, although strategists said the rally could stall if the euro holds below 100 yen.
From farmers who swapped fields for cash to 20-something CEOs that inherited the family business, hot new money is flooding India's luxury car market as roaring sportscar engines announce the country's growing wealth on its roads.
Fuel-efficient cars and a slew of new SUV models will be unveiled at Delhi's Auto Expo later this week as global carmakers continue to rev up their activity in one of the world's few growth engines despite a recent slowdown in sales.
Hyundai and affiliate Kia aim to boost global vehicle sales by 6 percent this year to a combined 7 million vehicles, which would mark a slowdown for a duo that has enjoyed double-digit sales rises in recent years.
U.S. new-vehicle sales for December are expected to show continued steady growth, but analysts say much of the gains are linked to buyers who delayed purchases and therefore will not an indicate a strengthening economy.
Ford Motor said its primary Ford brand vehicle sales topped 2 million in the United States this year, the first time since 2007 that any single automotive brand has reached that level.
Police say the death of Tyron Perez was an apparent suicide, as the Filipino actor was found dead in his car Thursday night in the Philippines.
When you rent a car, there's a chance the vehicle has been recalled and, if it has been, that it hasn't yet been repaired. That's at the heart of a battle over whether the rental car industry should be required to fix cars before sending them out with customers.
With constant competition from the likes of Honda and other car manufacturers, Toyota is expected to gain an edge over other environmental or conventional vehicles owing to its fuel friendly variant.
The backlash against twenty-four-hour connectivity has started.
The backlash against twenty-four-hour connectivity has started.
Volkswagen has agreed to grant workers in Germany a rest from e-mails relentlessly filling the inboxes of their Blackberry devices out of hours.
On Wednesday, Lexus released an official teaser photo of its sporty concept LF-LC car, which it will introduce on Jan. 9 at the 2012 Detroit Auto Show. Reports say the concept vehicle could be a hybrid.
The Rocky IV actress is in pain but OK.
Japanese carmaker Toyota Motor <7203.T> forecast a 20 percent jump in 2012 sales to a record 8.48 million vehicles, as it recovers from output losses caused by natural disasters in Japan and Thailand this year.
Toyota Motor Corp forecast a 20 percent jump in global sales to a record 8.48 million vehicles next year as it claws back from this year's output losses caused by natural disasters in Japan and Thailand.
Taking its turn in the deluge of announcements leading up to the North American International Auto Show in Detroit, Toyota on Tuesday said it would reveal two new Toyota vehicles at the January event -- the Prius c and the Plug-In Hybrid Concept.
General Motors Co will unveil next month a sporty version of its Chevrolet Sonic subcompact car for the 2013 model year in a bid to make the 100-year-old brand more appealing to younger buyers.