Car Sales Fell in the Second Quarter, Despite Deals and Covid-19 Stimulus

  • 📰 WSJ
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 63%

United States Headlines News

United States Latest News,United States Headlines

Sweet discounts and financing deals weren’t enough: Major auto makers reported sharp drops in U.S. vehicle sales

Traveling on trains and buses means potential exposure to the coronavirus, so cities are racing to make their public transit systems safe.

WSJ explores how things such as sanitizing robots, remote working and expanded bike lanes are changing our commutes. Video/Illustration: Jaden Urbi and Zoë Soriano

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

What about Tesla ? I don’t think they had any “sweet financing deals” but ironically they didn’t suffer the same fate. Because people saw value in a quality American product. Nice work elonmusk .

Is DMV even open?

AUTO MAKERS BE PREPARED TO FACE DEMAND DROP FOR PERSONAL VEHICLES. MANY CAPABLE BUYERS ALREADY OWNS. MANY CONSUMERS USING HIRED VEHICLES NOT INTERESTED TO OWN EVEN IF DISCOUNTS & FINANCE GRANTED, TO BEAR MAINTENANCE COST. MOVE FAST TOWARDS NEW PUBLIC TRANSPORT 'BUSINESS MODEL'.

Why buy a new car to sit in the driveway? The old one's do that too.

They would have to offer discounts up to 60-70% just to get real sales in this day and age during this situation.

Stimulus checks were used to pay for rent, food, bills etc.

I’m seeing nothing but temp tags on new and new-used cars everywhere.

Oh my another rocket scientist!!

So prices expected to fall ?

Given the lack of supply, I’m guessing the discounts weren’t as plentiful as you think. Sweet financing deals? Now that I do believe.

Don't know where they are getting their stats. In our area, there have been record sales, new and used, for the last 4 months.

What discounts?

If you are unemployed, about to lose your job, or suffering from coronavirus, you are not about to run out and buy a new car or do any other frivolous spending. It is just common sense.

.How are they doing in the high protest areas I'll be driving my clunker if protesting is near by..

Wait until the end of the year if you want a deal

Mexico just closed THEIR borders to the US Think about that for a minute Then ask...and the wall is for what? Keep Americans out? OVER $100 Billion to keep Americans out of Mexico and the Mexicans laugh their asses off at trump, as does the rest of the world VOTE PPL VOTE

can't buy a car, if you think you can't cover the note in the months/ years to come

It's for that Tesla up to more than 1000$ !

Demand for cars will be low for one year at least.Carmakers should be more innovative, flexible and IT friendly to survive.

Anyone going anywhere?

Despite one $1,200 stimulus check? Sounds about right.

Well, by all means, let's give them more money! Throw a few more billion dollars their way! The giant corporations are suffering!

With all the minimum-wage jobs created, people can afford less and less.

That should expected who is going anywhere🤨

Then on Monday the shares for automobile industries to shoot up atleast 3-5% otherwise FED has to come with package for auto industry

Time for FED to come up with another 3 trillion package

Interestingly, during this year's second quarter Tesla delivered more cars than during its first quarter - and during the first half of this year they delivered more cars than during the first half of 2019.

the headline continued - as a result of media's fear-mongering and enticing the panic.

Thank goodness. People getting laid off and they aren’t spending their money on a new car. Wise choice.

$tsla iPhone moment. Killing blackberry

Thinking about my first Tesla.

They’re not offering real deals

This is what happens when a country’s government and healthcare system are broken. When the most vulnerable are not supported, everyone loses.

Let prices go down, stop supporting select industries

I’d like some sweets discount. Pear drops are one of my favourites.

If people aren’t going anywhere, aren’t working & cannot go shopping why would they need a new car? TrumpKillsUS TrumpHasNoPlan COVIDー19 WearADamnMask

The global evening service has just began. Welcome

ImmigrantHeritageMonth dv2020 dv2020winners wedeserveachance JoeByeDon

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China reports 19 new COVID-19 cases, including seven in BeijingChina on Tuesday reported 19 new coronavirus cases in the mainland for June 29, up from 12 a day earlier, the health authority said. There were no new deaths. A disgusting nation! A disgusting nation! We are f. U ( | ED
Source: Reuters - 🏆 2. / 97 Read more »

19 business owners share their silver linings of the COVID-19 pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. dreamyhumans Not over yet.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Automakers tout consumer 'resilience' despite COVID-19 hit to U.S. auto salesMajor automakers posted lower U.S. monthly or quarterly new vehicle sales on Wednesday due in large part to weak fleet orders, but said consumer demand remained robust despite the ongoing coronavirus pandemic. I'm good. Xi is implementing his plans for 2050 COVID19 Lol
Source: Reuters - 🏆 2. / 97 Read more »

'We are getting clobbered': Six months into COVID-19, doctors fear what comes nextSix months since the first report of COVID-19 emerging in Wuhan, China, the U.S. and other countries worldwide are experiencing surges in new cases. Thanks, Trump. Thanks the demonstration We will kick that Chinese virus in the butt! Americans have always won, except in Vietnam,and that was because of a bunch of anti war hippies and a govt that would go at it 100% Of course, now those hippies and their kids run everything. Except Trump. Trump2020
Source: NBCNews - 🏆 10. / 86 Read more »

Coronavirus updates: US reports over 41,500 new COVID-19 cases in a dayCORONAVIRUS LATEST: • More than 41,500 new cases of COVID-19 were identified in the United States on Monday. • Pandemic has killed over 504,000 people across the globe. • Over 10.2 million people have been diagnosed with COVID-19. How has the death rate been affected by this? Liars tell the whole story!!!! Have you read the nytimes story about the virus being brought over the border and that's what overwhelming California, and Arizona? Or do you just report things that you think make realDonaldTrump look bad? 😂😂😂
Source: ABC - 🏆 471. / 51 Read more »

Column: Is Gilead ripping us off with a COVID-19 treatment topping $3,000?The drug maker says its high price for remdesivir is warranted because hospitalization would cost thousands of dollars more. Davidlaz Obidenshit$59 billion cash payouts Davidlaz About as much as politicians profiting during a pandemic. Davidlaz Lol “IS” ?!?!?!?!?!?!?!
Source: L.A. Times Health - 🏆 364. / 59 Read more »