Automakers rev up discounts to bolster sales dinged by coronavirus

Filed under: Earnings/Financials

U.S. automakers are scheduled to report June and second-quarter car and light truck sales on Wednesday. The second-quarter numbers reflect a peak for the U.S. auto industry's efforts to use consumer discounts, low interest loans and other incentives to prop up demand during the pandemic. Since March, U.S. automakers have rushed to prop up demand with rich incentives to keep sales moving.

Continue reading Automakers rev up discounts to bolster sales dinged by coronavirus

Automakers rev up discounts to bolster sales dinged by coronavirus originally appeared on Autoblog on Tue, 30 Jun 2020 07:30:00 EDT. Please see our terms for use of feeds.

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