Filed under: Earnings/Financials,Plants/Manufacturing
Weak fleet orders are expected to hurt June sales, which automakers will report on Wednesday. Cox Automotive forecasts fleet sales will fall nearly 56% to 1.3 million vehicles after plunging 83% in May and 77% in April. In the short term, fleet sales are not a major concern for automakers focused on ramping up production to beef up anemic dealer inventories for higher-profit sales to consumers.
Continue reading Slumping fleet sales weigh on U.S. auto market
Slumping fleet sales weigh on U.S. auto market originally appeared on Autoblog on Tue, 30 Jun 2020 08:07:00 EDT. Please see our terms for use of feeds.
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