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In October, analytical corporation Autodata recorded an annual increase in sales of new cars in the United States by 0.8% to 1 million 318 thousand cars. This was a surprise for analysts who had expected a decline of 2.1%. Sales growth from the beginning of the year to October amounted to 0.6%. In October, SUVs and crossovers were the most popular models. Fiat Chrysler Automobile increased sales by 15.4%. At the same time, the largest US automaker General Motors reduced its sales figure by 3.9%. Ford Motor sales fell 4%. Sales of Japanese companies Honda and Nissan also declined. The fall in Honda was 4.1%, Nissan – 0.6%.
On Tuesday, Tesla Inc.’s (TSLA.O) Chief Executive Officer Elon Musk announced that the automotive company would start to open its licensing software to supply powertrains and batteries for other car manufacturers. “Tesla is open ...
Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...
Australian retail sales advanced 2.4% in June. This came as an upbeat figure following a 16.5% increase seen in May as the land down under resumed its economic operations from coronavirus-related lockdowns. The country’s retail sales ...
Renault SA (RENA.PA) announced on Monday that its global car sales fell by 34.9% in the first half of the year due to the impact of the coronavirus pandemic. However, the company said that it had seen some signs of recovery in June. The French ...
European new car registrations fell in June year-on-year, but showed some improvement when compared to May 2020 as lockdown measures continue to loosen across the region, Tuesday’s industry data showed. In June, passenger car sales were ...
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