Analysts were surprised by the soild increase in retail sales and noted that sales in April were also revised to show a respectable gain of 0.4 percent, instead of the original estimate that sales had fallen by 0.2 percent.
Ian Shepherdson, chief U.S. economist at High Frequency Economics, said one possible explanation was that consumers have [...]
After fielding upwards of 30 complaints from consumers who bought a car but never saw the vehicle’s title, the Ohio attorney general is suing a used-car dealer in Grove City, alleging it failed to turn over ownership papers and improperly sold new vehicles.
Attorney General Nancy Hardin Rogers this week filed suit in Franklin County Court [...]
The hike in petrol, diesel prices will fuel a slowdown in the auto industry in the short-term, feel car majors like Maruti, Hyundai and Honda. And, it may spell good news for consumers in terms of lower prices and greater discounts from car makers, who will try to offset the negative impact on the industry, [...]
Used car buyers will be better protected from unfair traders after new laws came into force yesterday.
The Unfair Commercial Practices Directive harmonises trader laws in all European Union states.
Any breach in providing adequate information to a customer in order to allow them to make an informed decision could lead to a fine of up to [...]
CARMAKERS are forever looking for ways to keep customers coming back. They spend hundreds of millions of dollars on advertising. They slash prices. They throw in all sorts of options.
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Where Driving Has Its Rewards
But they are also increasingly turning to co-branded credit cards that give customers points for [...]
(Corrects to attribute quotes throughout to executive Steven
Landry, not Michael Manley, as previously sent)
By Soyoung Kim
DETROIT, April 1 (Reuters) - Chrysler LLC said on Tuesday
it would continue to offer customers zero percent financing in
April and cut production if necessary as the embattled No. 3
U.S. automaker struggles with sluggish [...]
HANOI, April 7 (Reuters) - Auto sales in Vietnam nearly
tripled in the first three months of 2008 from the same period
last year, the Vietnam Automobile Manufacturers Association said
on Monday, even though the country’s economy has slowed.
Sales by 16 car makers jumped 180 percent to 34,095 cars in
the January to [...]
With businesses cutting 80,000 jobs last month, the most in five years, and the country likely in a recession, the debate over trade is expected to intensify in this election year. Republicans contend Bush’s policies reflect the reality of the new global economy, while Democrats argue that the president has contributed to the loss of [...]
“Consumers are buying what they need,” said Jennifer Black , president of Jennifer Black %26 Associates, an equity research company in Lake Oswego, Ore. For everything else, shoppers are being pickier and focusing on discounters, she said.According to a preliminary tally by UBS-International Council of Shopping Centers, sales slid 0.5 percent versus its original estimate [...]
“We’re in the belly of the recession beast right now and all we really can do is take defensive action,” said Bernard Baumohl, managing director of the Economic Outlook Group. The Commerce Department reported that consumers, hit by falling home values, job losses, high energy costs and a severe credit [...]
