auto sales

 
 

US aircraft, equipment sales lift US durable goods in January

WASHINGTON, March 13 — Rising aircraft sales unexpectedly drove orders for US durable goods higher in January, the third monthly increase amid a recovery in business investment, according to government data released today. But the increase masked…


India’s growth may decelerate further despite election spending

NEW DELHI, March 1 — Billions of dollars of pre-election spending by the Indian government and political parties in the next two months is unlikely to stop the nation’s economy from slowing further, economists said. Asia’s third-largest…


China Feb factory activity shrinks to three-year low, export orders worst in decade

BEIJING, Feb 28 — Factory activity in China contracted for the third straight month in February as export orders fell to the lowest level since the global crisis, highlighting deepening cracks in an economy facing weak demand at home and abroad….


European car sales begin 2019 in reverse

PARIS, Feb 15 — European car sales fell by 4.6 per cent in January from the same month last year, an industry body said today, in another worrying sign of economic slowdown. “Nevertheless, with nearly 1.2 million units registered in total, this…


Flat auto sales expected for 2019: MAA

PETALING JAYA: The Malaysian Automotive Association (MAA) foresees 2019 to be another challenging year, estimating a flat 0.21% growth in the total industry volume (TIV) for the year at 600,000 units, from 598,714 units in 2018.

MAA president Datuk Aishah Ahmad said the forecast factors in the economy, weak ringgit, moderation in consumers’ spending, among others.

After two years of consecutive contraction, the local automotive market had rebounded in 2018.

TIV of new motor vehicles registered in 2018 rose 3.8% to 598,714 units, from 576,625 units in 2017.


US stocks open sharply lower in first session of 2019

NEW YORK, Jan 2 ― Wall Street opened 2019 with decisive losses today, continuing the downward spiral from December as weak Chinese manufacturing data underscored worries over slowing global growth. About 10 minutes into trading, the Dow Jones…


Wall Street sells off as China growth fears reemerge

NEW YORK, Dec 14 ― Wall Street opened sharply lower today as investors took stock of slower growth in China, eroding gains for the major indices as they end another volatile week. China reported weaker-than-expected industrial output and retail…


China's consumers, factory output take a beating as economic gloom deepens

BEIJING, Dec 14 ― China's November retail sales grew at their weakest pace since 2003 and industrial output rose the least in nearly three years as domestic demand softened further, underlining rising risks to the economy as China works to defuse…


Luxury 'Red Flag' models buck China auto sales slump

BEIJING, Dec 5 — Car sales are falling in China this year but one brand is speeding ahead: The national “Red Flag” sedan is flying high, powered by purchases from the government, state companies and patriotic citizens. Beloved by Chairman Mao…


In China's hinterland, car market growth engine sputters

PINGDINGSHAN, Nov 26 — When Cao Jun, 40, an engineer from the central Chinese city of Pingdingshan, takes his old, grey MG 3 car to be serviced he always steals a few moments to pop into the Nissan and Honda dealerships next door. But the Civic…