Automakers, including Toyota Motor Corp and Hyundai Motor , ...
), on Tuesday reported a sharp drop in September U.S. sales, hurt by the early timing of Labor Day as sales from the holiday weekend were booked in August.
The Labor Day weekend is one of the busiest car-buying periods in the United States that has automakers and dealers roll out promotions days in advance to boost sales. Hyundai Motor’s U.S. sales tumbled 9% to 51,951 automobiles last month, due to lower volumes of its Elantra and Sonata sedans, while Nissan’s U.S. sales plunged 17.6% to 101,244 vehicles on lower sales of its Sentra sedan and Rogue SUV.While higher vehicle prices and rising interest rates earlier in the year kept car shoppers on the sidelines, analysts expect recent cuts in interest rates to boost car sales in the third quarter.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Brexit Fears And Miserable Motor Trade Do Not Auger Well For The European EconomyThe Euro zone economy has been spluttering during September following a sharp decline in global trade and the threat of a “no-deal” Brexit still looms large.
Weiterlesen »
Montana is blanketed in record-breaking snow and it's not even October yetMontana Gov. Bullock declared a state of emergency after a storm dumped as much as three feet of snow on some parts of the state over the weekend. “It’s hard to remember that it’s only September when there’s four feet of snow outside,” said one resident.
Weiterlesen »
Stocks rise on US-China trade sentiment — Six experts on what it meansStocks traded higher on the last trading day of September. Six experts on how the U.S.-China trade flux is impacting the markets.
Weiterlesen »
The Seven-Year Auto Loan: America’s Middle Class Can’t Afford Their CarsThe availability of inexpensive debt on increasingly generous terms is supporting auto industry sales and profits. For consumers, it’s become a crutch to support their expectations.
Weiterlesen »
OPEC oil output sinks to lowest since 2011 after Saudi attacks: Reuters surveyOPEC oil output has fallen to an eight-year low in September after attacks on Sa...
Weiterlesen »
Turkey's inflation seen tumbling briefly to single digits in September: Reuters pollTurkish inflation is expected to fall sharply in September to 9.6%, a Reuters po...
Weiterlesen »