BERLIN—BMW fourth-quarter group sales rose 10.6 percent, the carmaker said on Tuesday, helped by easing supply chain bottlenecks in a year that has been plagued by war in Ukraine and lockdowns in China. Full-year deliveries were down 4.8 percent, with Europe and China hardest hit by supply chain troubles that curbed output, particularly in the…
GM Reclaims US Auto Sales Crown From Toyota
General Motors Co. reclaimed the top spot in U.S. auto sales from rival Toyota Motor Corp. in 2022 as it was able to better meet strong demand for cars and trucks despite industry-wide supply disruptions. Shares of GM rose 2.7 percent in afternoon trade on Wednesday to $34.75, after the company posted a 2.5 percent…
US Auto Sales to Fall in 2022, GM Set to Reclaim Top Spot From Toyota
U.S. new vehicle sales are expected to decline for major automakers in 2022 due to inventory shortages, which weighed on Asian brands more than the Detroit giants such as General Motors Co. and Ford Motor Co. Full-year U.S. auto sales are forecast to be about 13.9 million units, down 8 percent from 2021 and 20…
Holiday Sales Up 7.6 Percent Despite the Squeeze of Inflation
NEW YORK—Holiday sales rose this year as American spending remained resilient during the critical shopping season despite surging prices on everything from food to rent, according to one measure. Holiday sales rose 7.6 percent, a slower pace than the 8.5 percent increase from a year earlier when shoppers began spending the money they had saved…
US Home Sales Fell in November, the 10th Consecutive Month
LOS ANGELES—The housing market slump deepened in November as sales of previously occupied U.S. homes slowed for the tenth consecutive month—the longest such stretch on records going back to 1999. Existing home sales fell 7.7 percent last month from October to a seasonally adjusted annual rate of 4.09 million, the National Association of Realtors said…
US New Vehicle Sales to Fall in December as High Prices Deter Buyers: Report
U.S. total new vehicle retail sales are expected to decline in December as high vehicle prices and rising borrowing costs pushed consumers to cut back spending, a report from industry consultants J.D. Power-LMC Automotive showed on Wednesday. “Elevated pricing, coupled with repeated interest rate increases, continue to inflate monthly loan payments,” said Thomas King, president…
Florida Agriculture Commissioner Wants to Ban Land Sales to Foreign Entitities
Florida’s new Commissioner of Agriculture Wilton Simpson wants to restrict the sale of The Sunshine State’s farmland to foreign countries after increasing concerns about what foreign buyers—namely Chinese companies closely affiliated with the Chinese Communist Party (CCP)—are doing with the agricultural land once they purchase it. Food costs and supply are becoming a point of…
Retail Sales Drop at Start of Key Holiday Shopping Season
WASHINGTON—Americans cut back sharply on retail spending last month as the holiday shopping season began with high prices and rising interest rates forcing families, particularly lower income households, to make harder decisions about what they buy. Retail sales fell 0.6 percent from October to November after a sharp 1.3 percent rise the previous month, the…
European Retailers Downbeat Despite Black Friday Boost
BERLIN/AMSTERDAM/MILAN—Europeans snapped up smartphones, Christmas decorations, sweaters, and jewelry during a surge in shopping over the Black Friday weekend, though prospects for the festive season remained gloomy, retailers said. A survey of 400 businesses by Germany’s HDE retailers’ association showed just over half of merchants said they were still dissatisfied with sales last week, versus…
US Black Friday Online Sales Hit Record $9 Billion Despite High Inflation: Adobe Analytics
U.S. shoppers spent a record $9.12 billion online this Black Friday, a report showed on Saturday, as consumers weathered the squeeze from high inflation and grabbed steep discounts on everything from smartphones to toys. Online spending rose 2.3 percent on Black Friday, Adobe Inc.’s data and insights arm Adobe Analytics said, thanks to consumers holding…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`