New orders and employment tumbled in March at the quickest speed since 2009, signaling a tough road ahead for U.S. manufacturers. March’s Institute for Supply Management’s report on business declined to 49.1%, an indication of contraction for the U.S. economy. The index, based on a survey of U.S. manufacturing companies, […]
photo by Bernhard Benke, used under the CC BY-NC-ND 2.0 license U.S. inflation continues its steady upward trend as the Fed gets ready to increase interest rates next week. The Labor Department reported Tuesday consumer prices rose 0.2 percent in February, matching expectations of creeping inflation pressures as the economy continues into […]
Today is the sales cutoff for the month of April and the auto sales report will be released tomorrow. This month’s report will indicate for many whether the slump in sales seen in March’s report will continue the rest of the year. Last month’s seasonally-adjusted annualized rate came to 16.62 […]
U.S. auto sales dipped significantly in March despite discounts and low gas prices due to what some economists call a long overdue cool down of the market. Sales for the month fell 1.6 percent to just over 1.55 million vehicles, with a negative percent change of 10.6 percent in sales […]
When 28-year-old Stephanie Rivera of South Gate, Calif. walked onto the car lot, she knew exactly what type of vehicle she wanted – fuel efficient and economic. Rivera upgraded from a Honda Accord to a Nissan Juke, also known as a crossover. “I bought a Nissan Juke specifically because it […]
The pace of sales slowed down this month, but low gas prices and incentives rolled out by automakers continue to drive the sales of trucks and SUVs in February. The auto industry’s sales fell 1.1% this month with only 1.33 million vehicles leaving lots this month compared to January. While […]