The auto industry — already fretting lengthy factory shutdowns and depressed new-vehicle demand — is starting to sound the alarm about a potential used-car price collapse that could have far-reaching consequences for manufacturers, lenders and rental companies.
April 13, 2020Business
Moody’s Downgrades Auto Sales Forecast on Coronavirus Fears
FRANKFURT, Germany — Ratings agency Moody’s is lowering its forecast for global auto sales because of the new coronavirus outbreak.
February 26, 2020BusinessTechnologyLogistics
Carmakers Sell More to Rental Companies as Retail Demand Weakens
Stronger-than-expected new car sales last month belied a dirty little secret: Automakers have been selling more vehicles to rental fleets in recent months to prop up volume.
April 4, 2019Business
Most Automakers Report Higher U.S. Auto Sales in October
A majority of top automakers said their U.S. sales increased in October from a year ago, Associated Press reported.
November 2, 2011