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car sales
Business, Technology, Equipment

Auto Sales Fell 8% in 2022 Amid Supply Chain Struggles

A row of Ford Fusions for sale

Shortages of computer chips and other parts continued to hobble the U.S. auto industry last year, contributing to vehicle sales dropping 8% from 2021 to their lowest level in more than a decade.

Tom Krisher | Associated Press
January 5, 2023
Government, Business, Equipment

Auto Prices Finally Begin to Creep Down From Inflated Highs

Cars for sale line the road at a used auto dealership

While prices on new and used vehicles remain 30% to 50% above where they were when the pandemic erupted, signs are pointing to many vehicles becoming slightly more affordable.

Tom Krisher | Associated Press
October 27, 2022
Business, Equipment

Auto Sales Expected to Fall 17% This Year

Vehicle sales in the U.S. are expected to fall 17.3% this year to the lowest level in a decade as semiconductor shortages and other supply chain problems continue to hamper production.

David Welch | Bloomberg News
June 28, 2022
Business

Q&A: AutoNation CEO Sees Vehicle Prices Moderating This Year

DETROIT — Prices of new and used automobiles are staggeringly high, and that’s partly responsible for strong earnings last year by AutoNation, the country’s largest dealership group.

Tom Krisher | Associated Press
February 18, 2022
Business, Equipment

Auto Sales to Edge Up 3.4% as Shortages Continue

U.S. auto sales will climb just 3.4% this year to 15.4 million cars and trucks as the semiconductor shortages continue to constrain vehicle inventory, auto dealers predict.

Keith Naughton | Bloomberg News
January 11, 2022
Business

GM Loses Spot Atop US Car Market to Toyota

For the first time since 1931, General Motors Co. isn’t the top-selling automaker in the U.S. The Detroit-based company lost its crown to Japanese rival Toyota Motor Corp., which boosted sales 10% last year despite a 28% decline in the fourth quarter.

Richard Clough and David Welch | Bloomberg News
January 4, 2022
Business

New Auto Sales Up in 2021, but Below Pre-Pandemic Numbers

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.

Tom Krisher | Associated Press
January 4, 2022
Business, Logistics

Car Sales Drop as Chip Shortages Stymie Buyers

After sounding an optimistic note in the first half of the year as soaring car prices padded their profits, auto executives have become more resigned to supply chain headaches after recent COVID-19 outbreaks in Malaysia hampered semiconductor production.

Gabrielle Coppola | Bloomberg News
September 30, 2021
Government, Business

Hertz Files for Bankruptcy After Rental Car Demand Vanishes

Hertz Global Holdings Inc., the rental car company founded with a dozen Ford Model Ts more than a century ago, filed for bankruptcy late May 22 after sweeping travel restrictions and the global economic collapse destroyed demand for its vehicles.

Jack Pitcher and David Welch | Bloomberg News
May 26, 2020
Business

Automakers Avoid Disaster With 0% Financing

Zero-percent auto financing deals hit a record last month as carmakers kept the U.S. auto market from collapsing.

Gabrielle Coppola and Chester Dawson | Bloomberg News
May 1, 2020

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