Tuesday, May 17, 2022
  • Home
  • News
    Vicky White news update: Recordings of jailhouse phone calls prove guard’s relationship with Casey White

    Vicky White news update: Recordings of jailhouse phone calls prove guard’s relationship with Casey White

    McDonald’s is Selling Its Russia Business After 32 Years

    McDonald’s is Selling Its Russia Business After 32 Years

    Total Lunar Eclipse and Blood Moon 2022: How to Watch

    Total Lunar Eclipse and Blood Moon 2022: How to Watch

    Chaos in the Loop: Lightfoot bans unaccompanied minors from Millennium Park on weekend evenings after teen killed near The Bean

    Chaos in the Loop: Lightfoot bans unaccompanied minors from Millennium Park on weekend evenings after teen killed near The Bean

    Authorities say the suspected Buffalo supermarket shooter traveled from hours away. Here’s what we know

    Authorities say the suspected Buffalo supermarket shooter traveled from hours away. Here’s what we know

    Jermell Charlo vs. Brian Castano 2 fight results, highlights: Charlo becomes undisputed champ with vicious KO

    Jermell Charlo vs. Brian Castano 2 fight results, highlights: Charlo becomes undisputed champ with vicious KO

    Ukraine-Russia War: Live Updates – The New York Times

    Ukraine-Russia War: Live Updates – The New York Times

    Ukraine Launches Counteroffensive to Disrupt Russian Supply Lines

    Ukraine Launches Counteroffensive to Disrupt Russian Supply Lines

    Shooting toward end of Boston Celtics-Milwaukee Bucks Game 6 sends fans at packed Deer District fleeing through streets

    Shooting toward end of Boston Celtics-Milwaukee Bucks Game 6 sends fans at packed Deer District fleeing through streets

  • Business
    • MAKE MONEY ONLINE
  • Celebrity

    BIZZLINE: A STUDIO FOR PHOTOGRAPHERS SET TO OPEN

    THE DAY I LEARNED TO STOP HATING LAPTOP DJS

    HOW MALE MODELS GET SUPER RICH IN A FEMALE-DOMINATED INDUSTRY

    WHAT IS LIKE TO WORK AS A SUPER MODEL

    HOW TAYLOR SWIFT HELPED ME LOSE 425 LBS

    LIFETIME UNVEILS FIRST LOOK OF FULLHOUSE MOVIE

  • Fashion
    • All
    • Y2K Outfits

    Meme Fashion is the Next Big Trend According to Instagram Creators — What Is Meme Fashion?

    Doja Cat’s Schiaparelli Couture Deserves Its Own Award

    Doja Cat’s Schiaparelli Couture Deserves Its Own Award

    Is fashion sliding backwards when it comes to size inclusivity?

    Is fashion sliding backwards when it comes to size inclusivity?

    Post-Recession Internet and Tumblr Aesthetics • The Greylock Glass

    Post-Recession Internet and Tumblr Aesthetics • The Greylock Glass

    22 Best Halterneck Dresses for Summer

    22 Best Halterneck Dresses for Summer

    These Dope Outfits Look Good On Everyone & Are Cheap As Hell On Amazon

    These Dope Outfits Look Good On Everyone & Are Cheap As Hell On Amazon

    The Latest Divisive ‘Y2K’ Trend? Sexy-Cozy Juicy Couture Tracksuits

    The Latest Divisive ‘Y2K’ Trend? Sexy-Cozy Juicy Couture Tracksuits

    I’m Living In These Y2K Trends All Summer Long

    I’m Living In These Y2K Trends All Summer Long

    Tiktok: “Y2K Fashion is Back” Me: – Latest Tweet by NetflixFilm

    Tiktok: “Y2K Fashion is Back” Me: – Latest Tweet by NetflixFilm

  • Design
    • All
    • Indian Living Rooms
    • Indoor Water Fountains
    • Scrunchies
    • Solar Light Craft
    • Thrift Store Crafts
    • Thrifted Home Decor
    The best silk scrunchies can help prevent split ends and breakage

    The best silk scrunchies can help prevent split ends and breakage

    Scrunchies Market 2022 to Showing Impressive Growth by | [No. of pages: 124] Industry Trends, Share, Size, Top Key Players Analysis and Forecast Research

    Scrunchies Market 2022 to Showing Impressive Growth by | [No. of pages: 124] Industry Trends, Share, Size, Top Key Players Analysis and Forecast Research

    Scrunchies Market 2022 to Showing Impressive Growth by |

    Scrunchies Market 2022 to Showing Impressive Growth by |

    This $12 Pack of Scrunchies on Amazon Can Hide Cash, Lip Balm & More

    This $12 Pack of Scrunchies on Amazon Can Hide Cash, Lip Balm & More – E! Online

    Global Hair Scrunchies Market Overview, Experiments, Evolution, Key Players And Forecast Until 2028 – ManufactureLink

    Global Hair Scrunchies Market Overview, Experiments, Evolution, Key Players And Forecast Until 2028 – ManufactureLink

    Scrunchies Market by Covid-19 Impact, Competitive Landscape, SWOT Analysis, Opportunities and Challenges, Growth by 2022-2028 – ManufactureLink

    Scrunchies Market by Covid-19 Impact, Competitive Landscape, SWOT Analysis, Opportunities and Challenges, Growth by 2022-2028 – ManufactureLink

    This $12 Pack of Scrunchies on Amazon Can Hide Cash, Lip Balm & More

    This $12 Pack of Scrunchies on Amazon Can Hide Cash, Lip Balm & More

    These $5 Hair Tie Bundles Have Customers Ditching Their Scrunchies Because They Don’t Dent Your Hair

    These $5 Hair Tie Bundles Have Customers Ditching Their Scrunchies Because They Don’t Dent Your Hair

    Strength in Mothers: The story of Sloan’s Scrunchies | News, Sports, Jobs

    Strength in Mothers: The story of Sloan’s Scrunchies | News, Sports, Jobs

  • Technology
    • All
    • Facebook
    • Headphones
    • Mobile
    • Social
    • Voip Phone Service

    Win A NEW Macbook NOW!

    Latest 7 Best Wireless Headphones For Skype

    How To Make Your Headphones Louder

    11 Best Noise Cancelling Headphones For Call Center 2018

    11 Best Noise Cancelling Headphones For Call Center 2018

    7 Best Wireless USB Headset

    7 Best Wireless USB Headset

    7 Best Wireless Headset With Noise Cancelling Microphone

    7 Best Wireless Headset With Noise Cancelling Microphone

    Latest 7 Best Wireless Headphones For Skype

    Latest 7 Best Wireless Headphones For Skype

    Top 7 Best Corded Headset For Office Phone

    Top 7 Best Corded Headset For Office Phone

    7 Best Wireless Headset For Skype For Business 2018 (updated)

    7 Best Wireless Headset For Skype For Business 2018 (updated)

  • FISHING
No Result
View All Result
  • Home
  • News
    Vicky White news update: Recordings of jailhouse phone calls prove guard’s relationship with Casey White

    Vicky White news update: Recordings of jailhouse phone calls prove guard’s relationship with Casey White

    McDonald’s is Selling Its Russia Business After 32 Years

    McDonald’s is Selling Its Russia Business After 32 Years

    Total Lunar Eclipse and Blood Moon 2022: How to Watch

    Total Lunar Eclipse and Blood Moon 2022: How to Watch

    Chaos in the Loop: Lightfoot bans unaccompanied minors from Millennium Park on weekend evenings after teen killed near The Bean

    Chaos in the Loop: Lightfoot bans unaccompanied minors from Millennium Park on weekend evenings after teen killed near The Bean

    Authorities say the suspected Buffalo supermarket shooter traveled from hours away. Here’s what we know

    Authorities say the suspected Buffalo supermarket shooter traveled from hours away. Here’s what we know

    Jermell Charlo vs. Brian Castano 2 fight results, highlights: Charlo becomes undisputed champ with vicious KO

    Jermell Charlo vs. Brian Castano 2 fight results, highlights: Charlo becomes undisputed champ with vicious KO

    Ukraine-Russia War: Live Updates – The New York Times

    Ukraine-Russia War: Live Updates – The New York Times

    Ukraine Launches Counteroffensive to Disrupt Russian Supply Lines

    Ukraine Launches Counteroffensive to Disrupt Russian Supply Lines

    Shooting toward end of Boston Celtics-Milwaukee Bucks Game 6 sends fans at packed Deer District fleeing through streets

    Shooting toward end of Boston Celtics-Milwaukee Bucks Game 6 sends fans at packed Deer District fleeing through streets

  • Business
    • MAKE MONEY ONLINE
  • Celebrity

    BIZZLINE: A STUDIO FOR PHOTOGRAPHERS SET TO OPEN

    THE DAY I LEARNED TO STOP HATING LAPTOP DJS

    HOW MALE MODELS GET SUPER RICH IN A FEMALE-DOMINATED INDUSTRY

    WHAT IS LIKE TO WORK AS A SUPER MODEL

    HOW TAYLOR SWIFT HELPED ME LOSE 425 LBS

    LIFETIME UNVEILS FIRST LOOK OF FULLHOUSE MOVIE

  • Fashion
    • All
    • Y2K Outfits

    Meme Fashion is the Next Big Trend According to Instagram Creators — What Is Meme Fashion?

    Doja Cat’s Schiaparelli Couture Deserves Its Own Award

    Doja Cat’s Schiaparelli Couture Deserves Its Own Award

    Is fashion sliding backwards when it comes to size inclusivity?

    Is fashion sliding backwards when it comes to size inclusivity?

    Post-Recession Internet and Tumblr Aesthetics • The Greylock Glass

    Post-Recession Internet and Tumblr Aesthetics • The Greylock Glass

    22 Best Halterneck Dresses for Summer

    22 Best Halterneck Dresses for Summer

    These Dope Outfits Look Good On Everyone & Are Cheap As Hell On Amazon

    These Dope Outfits Look Good On Everyone & Are Cheap As Hell On Amazon

    The Latest Divisive ‘Y2K’ Trend? Sexy-Cozy Juicy Couture Tracksuits

    The Latest Divisive ‘Y2K’ Trend? Sexy-Cozy Juicy Couture Tracksuits

    I’m Living In These Y2K Trends All Summer Long

    I’m Living In These Y2K Trends All Summer Long

    Tiktok: “Y2K Fashion is Back” Me: – Latest Tweet by NetflixFilm

    Tiktok: “Y2K Fashion is Back” Me: – Latest Tweet by NetflixFilm

  • Design
    • All
    • Indian Living Rooms
    • Indoor Water Fountains
    • Scrunchies
    • Solar Light Craft
    • Thrift Store Crafts
    • Thrifted Home Decor
    The best silk scrunchies can help prevent split ends and breakage

    The best silk scrunchies can help prevent split ends and breakage

    Scrunchies Market 2022 to Showing Impressive Growth by | [No. of pages: 124] Industry Trends, Share, Size, Top Key Players Analysis and Forecast Research

    Scrunchies Market 2022 to Showing Impressive Growth by | [No. of pages: 124] Industry Trends, Share, Size, Top Key Players Analysis and Forecast Research

    Scrunchies Market 2022 to Showing Impressive Growth by |

    Scrunchies Market 2022 to Showing Impressive Growth by |

    This $12 Pack of Scrunchies on Amazon Can Hide Cash, Lip Balm & More

    This $12 Pack of Scrunchies on Amazon Can Hide Cash, Lip Balm & More – E! Online

    Global Hair Scrunchies Market Overview, Experiments, Evolution, Key Players And Forecast Until 2028 – ManufactureLink

    Global Hair Scrunchies Market Overview, Experiments, Evolution, Key Players And Forecast Until 2028 – ManufactureLink

    Scrunchies Market by Covid-19 Impact, Competitive Landscape, SWOT Analysis, Opportunities and Challenges, Growth by 2022-2028 – ManufactureLink

    Scrunchies Market by Covid-19 Impact, Competitive Landscape, SWOT Analysis, Opportunities and Challenges, Growth by 2022-2028 – ManufactureLink

    This $12 Pack of Scrunchies on Amazon Can Hide Cash, Lip Balm & More

    This $12 Pack of Scrunchies on Amazon Can Hide Cash, Lip Balm & More

    These $5 Hair Tie Bundles Have Customers Ditching Their Scrunchies Because They Don’t Dent Your Hair

    These $5 Hair Tie Bundles Have Customers Ditching Their Scrunchies Because They Don’t Dent Your Hair

    Strength in Mothers: The story of Sloan’s Scrunchies | News, Sports, Jobs

    Strength in Mothers: The story of Sloan’s Scrunchies | News, Sports, Jobs

  • Technology
    • All
    • Facebook
    • Headphones
    • Mobile
    • Social
    • Voip Phone Service

    Win A NEW Macbook NOW!

    Latest 7 Best Wireless Headphones For Skype

    How To Make Your Headphones Louder

    11 Best Noise Cancelling Headphones For Call Center 2018

    11 Best Noise Cancelling Headphones For Call Center 2018

    7 Best Wireless USB Headset

    7 Best Wireless USB Headset

    7 Best Wireless Headset With Noise Cancelling Microphone

    7 Best Wireless Headset With Noise Cancelling Microphone

    Latest 7 Best Wireless Headphones For Skype

    Latest 7 Best Wireless Headphones For Skype

    Top 7 Best Corded Headset For Office Phone

    Top 7 Best Corded Headset For Office Phone

    7 Best Wireless Headset For Skype For Business 2018 (updated)

    7 Best Wireless Headset For Skype For Business 2018 (updated)

  • FISHING
No Result
View All Result
No Result
View All Result
Home Blog

Coronavirus tanks U.S. auto sales in the second quarter for GM, FCA

Editorial Team by Editorial Team
July 1, 2020
in Blog
0
Coronavirus tanks U.S. auto sales in the second quarter for GM, FCA
587
SHARES
3.3k
VIEWS
Share on FacebookShare on Twitter

You might also like

James Charles claps back at Ethan Klein following accusations of copying merch design

Crypto adoption has no future without regulation and law enforcement

China Gives Unproven Covid-19 Vaccines to Thousands, With Risks Unknown

Cars sit in a dealership lot on the first day that dealerships are allowed to open to the public on May 20, 2020 in Linden, New Jersey.

Spencer Platt | Getty Images

U.S. vehicle sales in the second quarter for General Motors, Toyota Motor and Fiat Chrysler plunged by more than 30% as the coronavirus caused consumers to stay at home, and dealerships and factories to shutter.

The hefty declines are in-line with what Wall Street expected. Hyundai Motor and Porsche also reported significant drops in sales between April and June compared to a year earlier. The automakers were among the first to report second-quarter sales on Wednesday.

U.S. vehicle sales were forecast to fall by about 34% in the second quarter, according to auto research firms Edmunds and TrueCar’s ALG. The second quarter is expected to be the worst of the year for the automakers due to the pandemic. 

Year-over-year, GM reported a 34% decline in sales in the second quarter, while Fiat Chrysler said sales fell 38.6%. Toyota said sales dropped 34.6% during the three months ended Tuesday compared with a year ago.

Shares of Fiat Chrysler fell by more than 3% during late morning trading Wednesday. Shares of GM were slightly in the red. Toyota stock was down by just over 1%.

Both GM and Fiat Chrysler said full-size pickup truck sales performed exceptionally well, and overall sales showed signs of recovery, especially deliveries to retail customers.

“GM entered the quarter with very lean inventories and our dealers did a great job meeting customer demand, especially for pickups,” Kurt McNeil, GM’s U.S. vice president, Sales Operations, said in a release. “Now, we are refilling the pipeline by quickly and safely returning production to pre-pandemic levels.”

Jeff Kommor, head of U.S. sales for Fiat Chrysler, said retail sales to consumers have been rebounding since bottoming in April, however fleet sales to governments and businesses have been canceled or delayed.

“This quarter demonstrated the resilience of the U.S. consumer,” Kommor said in a release. “Retail sales have been rebounding since April as the reopening of the economy, steady gas prices, and access to low-interest loans spur people to buy.” He said the company has built “a strong fleet order book” that will assist its sales in the second half of the year.

Fleet sales were expected to come to a grinding halt for many automakers during the first half of the year as corporate customers cut costs and some struggled to stay afloat. That includes the rental car industry, highlighted by the bankruptcy of Hertz. 

Most major automakers are expected to report June or second-quarter sales on Wednesday, providing another look at how the coronavirus crippled the auto industry during the first half of the year.

Automakers across the U.S. have ended vehicle production and other countries due to the pandemic. They’ve also cut or deferred executive and white-collar salaries and withdrawn guidance for the year.

Other automakers reporting June or second-quarter sales include:

  • Toyota reported its overall sales in the second quarter declined 34.6%, including a 17.7% drop in June.
  • Hyundai‘s sales in the second quarter fell about 23.7% to 141,722 units compared to a year ago, including a 21.9% slide in June.
  • Porsche reported its sales for the second quarter fell 19.9% to 12,192 vehicles, led by a 30.1% increase in its 911 models.

Most of the U.S., European and Asian automakers report their second-quarter auto sales Wednesday. This article will be periodically updated as they release their results.

Source link

Previous Post

Grilled Fish Recipe With Mango Salsa for Summer Cookouts

Next Post

Samsung to Launch App that Reports ‘Lost or Stolen’ Crypto + More News

Editorial Team

Editorial Team

Related Posts

James Charles claps back at Ethan Klein following accusations of copying merch design
Blog

James Charles claps back at Ethan Klein following accusations of copying merch design

by Editorial Team
September 26, 2020
Crypto adoption has no future without regulation and law enforcement
Blog

Crypto adoption has no future without regulation and law enforcement

by Editorial Team
September 26, 2020
China Gives Unproven Covid-19 Vaccines to Thousands, With Risks Unknown
Blog

China Gives Unproven Covid-19 Vaccines to Thousands, With Risks Unknown

by Editorial Team
September 26, 2020
Finding bigfoot | Hatch Magazine
Blog

Finding bigfoot | Hatch Magazine

by Editorial Team
September 26, 2020
Ray Mears heads to High Wycombe
Blog

Ray Mears heads to High Wycombe

by Editorial Team
September 26, 2020
Next Post
Samsung to Launch App that Reports ‘Lost or Stolen’ Crypto + More News

Samsung to Launch App that Reports ‘Lost or Stolen’ Crypto + More News

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Gemini report shows nearly two-thirds of US adults are interested in crypto

Gemini report shows nearly two-thirds of US adults are interested in crypto

April 21, 2021

Commission Weighs South Dakota Park, Camping Fees Increase – U.S. News & World Report

March 29, 2020

Categories

  • Beauty
  • Best Auto Parts
  • Birthday Memes
  • Bitcoin Casino
  • Bitcoin Games
  • Blog
  • Breaking News
  • Business
  • Celebrity
  • Dating
  • Education
  • Facebook
  • Fashion
  • Fitness
  • Groove Funnels Review
  • Headphones
  • Health
  • Health & Beauty
  • Indian Living Rooms
  • Indoor Water Fountains
  • Inspired Living
  • Lifestyle
  • Marriage
  • Mind Management
  • Mobile
  • Mortgage
  • MOVIES
  • MUSIC
  • News
  • Nigerian Jobs
  • Relationship
  • Safety
  • Scrunchies
  • Singles & Married
  • Skin Care
  • Social
  • Solar Light Craft
  • Sport
  • Success
  • Technology
  • Thrift Store Crafts
  • Thrifted Home Decor
  • Travel
  • Trending Videos
  • VIDEO
  • Voip Phone Service
  • Y2K Outfits

Don't miss it

16 Times Janet Jackson Influenced Us Over The Years

16 Times Janet Jackson Influenced Us Over The Years

May 16, 2022
Y2K Outfits

Meme Fashion is the Next Big Trend According to Instagram Creators — What Is Meme Fashion?

May 16, 2022
Vicky White news update: Recordings of jailhouse phone calls prove guard’s relationship with Casey White
Breaking News

Vicky White news update: Recordings of jailhouse phone calls prove guard’s relationship with Casey White

May 16, 2022
Make Money Online – Crypto Coin Millionaire App

Make Money Online – Crypto Coin Millionaire App

May 16, 2022
Black Bear Wakes Up and Falls into Pond

Black Bear Wakes Up and Falls into Pond

May 16, 2022
Outdoor fans welcome the return of Michigan Bushcraft Spring Gathering | News

Outdoor fans welcome the return of Michigan Bushcraft Spring Gathering | News

May 16, 2022

99Newser

We bring you the best breaking news updates, trending news around the globe and other general topics of interest online.....

Favorite Links

  • Contact
  • Terms of Use
  • Privacy Policy
Play Games for Free and Earn Cash

Trending

16 Times Janet Jackson Influenced Us Over The Years

Meme Fashion is the Next Big Trend According to Instagram Creators — What Is Meme Fashion?

Vicky White news update: Recordings of jailhouse phone calls prove guard’s relationship with Casey White

Make Money Online – Crypto Coin Millionaire App

Recent News

16 Times Janet Jackson Influenced Us Over The Years

16 Times Janet Jackson Influenced Us Over The Years

May 16, 2022

Meme Fashion is the Next Big Trend According to Instagram Creators — What Is Meme Fashion?

May 16, 2022
  • Sitemap
  • Terms of Use
  • Privacy Policy
  • Contact

© 2020 99newser.com

No Result
View All Result
  • Home
  • News
  • Business
    • MAKE MONEY ONLINE
  • Celebrity
  • Fashion
  • Design
  • Technology
  • FISHING

© 2020 99newser.com