Category: auto sales

China’s Low-Price Car Promotion Fails to Spur Sales as Consumer Confidence Declines

March 28, 2023
autoauto salesBusiness & MarketscarChinaChina Business & EconomyCompaniesconsumptiondebtsincomeMarketsprice
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News Analysis A low-price auto campaign initiated by Chinese car companies and local governments has been sweeping throughout China since the start of March, but auto sales continue to fall. Experts indicate that middle-class Chinese citizens, the mainstay of consumption, face heavy debts as they lose confidence in the economy. On March 6, Dongfeng Motor…

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NTD Business (Jan. 6): US Added 223,000 Jobs in December; New Auto Sales Lowest in a Decade

January 6, 2023
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The new jobs report released Friday shows the U.S. economy added 223,000 jobs. An economist tells us this report is exactly what the Fed wants to see. New auto sales are at their lowest in a decade. Why? And how does the future look for car prices? Over 200 million Twitter users have had their private…

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US Auto Sales to Fall in April on Tight Inventories, Rising Rates: Data

April 28, 2022
AMERICAauto salesBusiness & EconomyBusinesses in COVID-19CCP VirusCompanieseconomic policieseconomyEuropeinterest ratesInternationalinventoriesMarketsRussia-Ukraine WarUSUS NewsWorld
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U.S. new vehicle sales is expected to fall in April, as low inventories and rising interest rates boost prices amid high demand, consultants J.D. Power and LMC Automotive said. U.S. retail sales of new vehicles in April could fall 23.8 percent to 1.1 million units from a year earlier, according to a report released by…

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Bosch Halts Production at Two China Plants Due to COVID Curbs

April 12, 2022
auto salesboschBusiness & EconomyChinaChina Business & EconomyCompanieslockdownUncategorized
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SHANGHAI—German auto parts supplier Bosch on Tuesday said it has suspended production at two sites in the Chinese cities of Shanghai and Changchun as it follows government policies to contain a surge of COVID-19 cases. Bosch said it had paused production at a Thermotechnology factory in Shanghai and an automotive components site in Changchun in…

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New Auto Sales up in 2021, but Long Way Before Full Recovery

January 5, 2022
auto salesBusiness & EconomyeconomyMarketsUSUS News
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DETROIT—U.S. new vehicle sales rebounded slightly last year from 2020’s dismal numbers, but forecasters expect them to be more than 2 million below the years before the coronavirus pandemic. The reason? Although there are plenty of customers who want to buy new vehicles at hefty prices, there still aren’t enough computer chips available for the…

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