Author: Automotive News n Feed

The average loan amounts for new and used vehicles rose in the fourth quarter, but consumers kept monthly payments low with long loan terms and leasing, Experian Automotive reported.

In response to a letter by a fifth grade student, Tesla CEO Elon Musk tweeted that the company will hold a contest for homemade advertisements.

New-car sales in Germany fell nearly 3 percent last month, with diesel models worst hit as authorities debate tighter regulation to help tackle pollution.

SsangYong will reveal an SUV concept at the Geneva show that points to a future rival to the Skoda Kodiaq. The Korean automaker describes its XAVL concept as blending the tough looks of an SUV with the practicality of a minivan.

Mercedes will show the fifth and final member of its new E-class family when its four-seat convertible debuts next week at the Geneva auto show.

Porsche aims to boost sales of its Panamera by offering a wagon version of the four-door sedan.

Feb. U.S. sales winners, losers; High winds strip Ford HQ of iconic blue oval; Land Rover previews Velar; Elon Musk takes advice from a fifth-grader; Mazda’s master ad campaign.

Tesla’s revenue from China last year tripled to more than $1 billion, indicating better traction in the market CEO Elon Musk predicted could eventually become the company’s biggest.

Jaguar Land Rover CEO Officer Ralf Speth backed Nissan’s calls for extra funding for suppliers in the wake of last year’s Brexit vote, while cautioning that there must be “fair play” for all UK-based automakers.