Tag: vehicle

US New Vehicle Retail Sales Set to Fall 25 Percent in September: Data

September 29, 2021
Business & EconomyEconomieseconomyMarketsRetailUSvehicle
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U.S. retail sales of new vehicles are expected to fall nearly a quarter in September, hurt by depleting inventories, even as consumer spending remains strong, consultants J.D. Power and LMC Automotive said in a joint forecast on Tuesday. New vehicle retail sales in the United States are seen dropping to 888,900 units in September, from…

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Tesla Posts $438 Million 1Q Profit on Strong Electric Vehicle Sales

April 27, 2021
BusinessCompanieseconomyelectricprofitsalesteslaUSUS Newsvehicle
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DETROIT—Charged up by strong sales of its electric cars and SUVs, Tesla on Monday posted its seventh-straight profitable quarter. The company made $438 million in the three-month period that ended March 31, as sales more than doubled the same period last year to nearly 185,000 vehicles. Tesla said adjusted net income, excluding stock-based compensation, passed…

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