Tag: Virus

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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Curbside Pickup. Bicycle Deliveries. Virtual Book Discussions. Amid Virus, Bookstores Get Creative.

Danny Caine, owner of The Raven Book Store in Lawrence, Kan., thought the store had weathered the worst of obstacles when it managed to stay in business after a giant Borders bookstore moved across the street. Then came the threat from Amazon’s domination of the book-selling business.

Now, Mr. Caine and independent bookstore owners everywhere are grappling with the same problem: How to contain the financial fallout from the coronavirus outbreak.

Just when the industry had started to see a period of stability and strength, independent bookstore owners are bracing for the devastating blow of having to shut their doors and cancel book signings and literary festivals, events that are the lifeblood of their businesses.

Many are finding novel ways to stop the coronavirus pandemic from derailing their businesses — from hosting book groups via videoconference calls to curbside book pickups, where staff members take books to customers in their

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