Tag: Sales

America’s Largest Dealership Chain Lays Off Nearly 30% Of Workforce After Sales Drop 50%

March sales figures were dreadful as a number of automakers saw massive declines due to the coronavirus. Those numbers are expected to drop even further this month as more states announce stay-at-home orders, while other extend existing orders. With this is mind, the United States’ largest chain of dealerships that operates in 325 locations has […]

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Australia’s New Car Sales Fall 18 Percent In March As COVID-19 Bites, Yet Toyota, Kia Make Gains

Sales figures for new cars in the month of March have been announced in Australia and reveal a market dealing with the consequences of the Covid-19 outbreak. According to figures released by the Federal Chamber of Automotive Industries (FCAI), a total of 81,690 vehicles were sold in Australia last month. Of those, 21,277 were passenger […]

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U.S. Auto Sales Plummet Amid Coronavirus Pandemic – Mazda, Hyundai And VW Post March Declines Greater Than 40%

There was little doubt that U.S. auto sales would plummet because of the coronavirus and that has panned out as automaker after automaker has posted significant declines. Starting with GM, the company delivered 618,335 vehicles in the first quarter which is a drop of approximately 7% compared to last year. Much of that blame is being […]

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FCA Launches Online Sales In U.S., Will Offer 0% Financing For 84 Months

Fiat Chrysler Automobiles has launched their “Drive Forward” initiative which aims to boost auto sales that have been hammered by the coronavirus. Following in the footsteps of GM, FCA will offer well-qualified buyers 0% financing for 84 months (7 years). As an added bonus, select 2019 and 2020 models will have zero payments for 90 […]

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