Data show China’s vehicle sales dropped 17.8 percent in August from a year earlier due to a pandemic-induced chip crisis, falling for a fourth consecutive month since May. Overall nationwide sales stood at 1.8 million vehicles in August, in figures released by the Beijing-based China Association of Automobile Manufacturers on Sept. 10. “The trend of…
China Vehicle Sales Fall Amid Chip Shortages as Companies Drive up Prices
Airlines Say Rise in COVID-19 Cases Is Hurting Ticket Sales
DALLAS—Several leading U.S. airlines warned Thursday that the rise in COVID-19 cases due to the delta variant is hurting their bookings and further delaying the travel industry’s recovery. The summer got off to a strong start, with many planes full of vacationers eager to break out after being stuck at home for more than a…
Ford Sales Plunge in August as Industry Chip Constraints Persist
By Jordyn Grzelewski From The Detroit News Ford Motor Co.’s U.S. sales plunged by one-third in August compared to the previous year amid an industrywide slide driven by a semiconductor shortage that has dragged on since late last year and pushed new-vehicle inventories to historic lows. Ford sold 124,176 new vehicles in the U.S. last…
With Sales Still Surging, Best Buy Raises Prospects for 2021
NEW YORK—Best Buy raised its sales outlook for the year after breezing past Wall Street expectations in the second quarter. The nation’s largest consumer electronics chain joined the slew of other major retailers like Walmart, Target, and Macy’s putting up banner numbers, suggesting that Americans have continued to be spend even as the delta variant…
China Auto Sales Tumble for a Third Straight Month in July
BEIJING—China’s vehicle sales slid in July for a third consecutive month, hit hard by flooding in some areas of the country, COVID-19 outbreaks in other areas, and the global shortage of semiconductors. The Chinese auto market saw sales drop 11.9 percent from the same month a year earlier to 1.86 million vehicles, according to data…
How to Use Ethical Mind Control to Maximize Sales
By Andrew Ryder First impressions last. Especially when you’re getting started in business. It’s your only shot at getting someone’s interest for long enough to read your copy and take the next step before that person clicks away, never to see you again. For most of us, the first impression is usually some social-proof metric: X followers, Y…
US Retail Sales Unexpectedly Rise in June
WASHINGTON—U.S. retail sales unexpectedly increased in June as demand for goods remained strong even as spending is shifting back to services. The rebound in sales reported by the Commerce Department on Friday was despite purchases of motor vehicles declining again because of a lack of supply caused by a global semiconductor shortage. The scarcity of…
US Pending Home Sales Increase to Highest Reading for May Since 2005
Contracts to purchase previously owned U.S. homes rose strongly in May to the highest level for that month since 2005. The National Association of Realtors (NAR) said on Wednesday its Pending Home Sales Index, based on contracts signed last month, rose 8.0 percent to 114.7. Economists polled by Reuters had forecast pending home sales would…
Walmart Earnings Beat Expectation, Raises Outlook
NEW YORK—Walmart raised its annual earnings forecast on Tuesday after delivering better-than-expected results in the first quarter that showed shoppers splurged on clothing, as well as lawn and garden items. Sales at stores opened at least a year rose 6 percent, slowing from the 8.6 percent increase during the fiscal fourth quarter. But it topped…
Walmart Raises Outlook After Earnings Beat Expectations
NEW YORK—Walmart raised its annual earnings forecast on Tuesday after delivering better-than-expected results in the first quarter that showed shoppers splurged on clothing, as well as lawn and garden items. Sales at stores opened at least a year rose 6 percent, slowing from the 8.6 percent increase during the fiscal fourth quarter. But it topped…
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