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In February, the number of cars sold in the United States fell by 1% from the same month a year earlier and totaled 1.2 million cars, JD Power and LMC Automobile reported. Many US automakers said that higher prices and cold weather conditions have had a negative impact on sales. Analysts calculated that General Motors sales were down 1.3%. Ford Motor, the second largest car manufacturer in the United States, fell by 1.7%. According to the reports of the Japanese Toyota Motor, in February, the number of cars sold was 5.2% less than a year earlier. The decline in sales of Fiat Chrysler was 2%. Despite weak February sales, leading US automakers hope to offset these losses in spring.
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 ...
The dollar firmed on Thursday as a decline in Chinese retail sales worried investors, while the rest of the market anticipates the EU summit this weekend. The euro was down 0.1% to $1.1401, while the dollar stood at 106.95 on the yen. The ...
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