Tag: Sales

Pennsylvania car dealers get limited opening for sales during coronavirus restrictions

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People who have been shut out the past month from buying a car will be able to now that Gov. Tom Wolf has lifted some restrictions on dealerships.

“We’ve got permission for online sales, but the showroom still will be locked down. We’re not allowed to have people coming in (the showroom) and kicking the tires,” said Jeff Smail, general manager of the family-owned Smail Automotive Group on Route 30, east of Greensburg. Showroom visits are by appointment only, Smail noted.

Wolf signed an order Monday permitting the electronic notarization of documents needed for closing real estate property sales and for buying a vehicle. Dealerships had been closed for sales since mid-March, when the governor

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Sales of Automotive Lead Acid Batteries to Soar, as Global Vehicle Production Ramps Up, Says Fact.MR

Automotive lead acid battery market is set to surpass a valuation of US$ 41.8 Bn and is poised to grow at a value CAGR of 5% during the forecast period (2019-2029). The surge in production of automobiles globally has supplemented the growth of lead acid battery market. Lead acid batteries are soaring on popularity as they provide an additional source of power to the vehicle. However, in the current scenario, the global automobile market has been stagnant in terms of profitable growth. This is anticipated to change in the coming years as the automotive sector is set to capture growth opportunities owing to the increasing vehicle production, thus aiding the demand for automotive lead acid batteries. Moreover, the heightened uptake of passenger cars globally, is expected to accelerate the growth of automotive lead acid battery market. Further, a steady rise in the use of pure electric and hybrid vehicles is

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New Vehicle Sales in US Fell 1.3% in 2019 but Still Healthy

In this Thursday, Aug. 15, 2019 file photo,Cars for sale at the Ford dealership in Manchester, N.H. New vehicle sales in the U.S. fell slightly last year, but the numbers still passed the healthy 17 million mark for the fifth straight year. Automakers sold 17.1 million new cars, trucks and SUVs in 2019, down about 1% from the previous year.

In this Thursday, Aug. 15, 2019 file photo,Cars for sale at the Ford dealership in Manchester, N.H. New vehicle sales in the U.S. fell slightly last year, but the numbers still passed the healthy 17 million mark for the fifth straight year. Automakers sold 17.1 million new cars, trucks and SUVs in 2019, down about 1% from the previous year.

AP Photo/Charles Krupa, File

DETROIT (AP) — New vehicle sales in the U.S. fell 1.3% last year, but the numbers still passed the healthy 17 million mark for the fifth straight year.

Automakers sold 17.05 million new cars, trucks and SUVs in 2019. Although buyers spent more on vehicles, companies had to prop up sales with record discounts, according to analysts.

Following a long trend, 69% of new vehicles sold last year were trucks or SUVs, with truck sales up 2.6% from a year ago. Car sales fell once again,

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    Motor Vehicle Sales

    Previous
    Total Vehicle Sales 11.4M
    Domestic Vehicle Sales 9.1M

    Definition

    Unit sales of motor vehicles, published by the Bureau of Economic Analysis at the beginning of each month, include domestic sales and imports. Domestics are sales of autos produced in the U.S., Canada, and Mexico. Imports are U.S. sales of vehicles produced elsewhere. The data track all passenger cars and light trucks up to 14,000 pounds gross weight (including minivans and sport utility vehicles). Though totals include a relatively small portion sold to businesses, motor vehicle sales are good indicators of trends in consumer spending and often are considered a leading indicator at business cycle turning points.

    Description

    Since motor vehicle sales are an important element of consumer spending, market players watch this closely to get a handle on the direction of the economy. The pattern of consumption spending is one of the foremost influences on stock and bond markets.

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    Coronavirus in India: Bitten by COVID-19, passenger vehicle sales plunge 51% in March

    The industry is engaged in a dialogue with the Government of India on policy measures which could minimise the impact of COVID-19 on the Indian economy and especially the domestic automobile industry.

    Passenger vehicle sales in India declined by 51 per cent in March, hit by the 21-day nationwide lockdown due to the coronavirus pandemic.

    As per the data released by Society of Indian Automobile Manufacturers (SIAM), passenger vehicle sales last month dropped to 143,014 units as compared with 291,861 units in March 2019, a decline of 51 per cent.

    Similarly, commercial vehicles sales last month saw a massive dip of 88.95 per cent at 13,027 units as against 109,022 units in March 2019.

     

    Two-wheeler sales saw a decline of 39.83 per cent at 866,849 units in March compared to 14,40,593 units in March 2019.

    Total sales across categories declined by 44.95 per cent last month to 1,050,367 units as

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    Ford First-Quarter Vehicle Sales Off 12.5%

    Ford Motor  (F) – Get Report reported a sales decline of 12.5% for the first quarter. 

    The company sold 516,330 vehicles in the quarter, led by 263,757 trucks and 189,720 SUVs. Truck sales dropped 5.4% and SUVs declined 11%. 

    Sedans, of which Ford has been gradually ceasing production for two years, fell 36% to 62,853 vehicles. 

    The coronavirus pandemic hit the company’s sales in March, the company said. 

    “Our dealers and employees have jumped into action to support healthcare workers, their communities and millions of our customers,” Vice President of U.S. Marketing, Sales and Service Mark LaNeve said in a statement.

    The company “is working around the clock on everything from building health-care equipment, assisting our dealership network and providing our customers peace of mind through deferred vehicle payments.”

    .Ford’s F-Series line of trucks began the year as the best-selling vehicle in the U.S. with 186,562 vehicles sold.

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    U.S. light vehicle sales in March fall 27% on month as virus outbreak intensifies

    FILE PHOTO: Automobiles are shown for sale at a car dealership in Carlsbad, California, U.S. May 2, 2016. REUTERS/Mike Blake/File Photo

    (Reuters) – Light vehicle sales in the United States fell nearly 27% in March compared with a month earlier, data released by an automotive research group showed on Wednesday, as the coronavirus outbreak intensified and shuttered dealerships across much of the country.

    Last month, 992,392 light vehicles were sold, down from about 1.4 million in February, according to Wards Intelligence.

    The seasonally adjusted annualized rate for U.S. cars and light trucks sales was estimated at 11.4 million units, down from 16.8 million units in February, Wards Intelligence said.

    Moody’s Investors Service said on Friday that U.S. light vehicle sales would fall at least 15% in 2020 as the ratings agency sharply cut its 2020 outlook for global auto sales, with Western Europe expected to take the biggest hit.

    The

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    Automotive Dynamics | Car Repair Sun City, Oil Change, Sun City Cars Used Car Sales

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