Tag Archives: Thomas King

August Vehicle Sales to Drop as Prices Hit Record High

Reporting the same numbers without controlling for the number of selling days translates to a decrease of -16.8% from a year ago. While the decline vs. August 2019 is substantial and reflects the ongoing do nothing about COVID-19 attitude of the hapless Trump reign, August 2020 contains two fewer selling days than August 2019. It also has no help from promotions during the Labor Day weekend, which is after the August sales close. Continue reading

Posted in economy, news analysis, sales | Tagged , , , , , , , | Leave a comment

US June Retail Sales Down -6% from Pre-Virus Forecast

The sales came at a high price, though, Record levels of manufacturer incentives for the month of June are supporting the recovery. Incentive spending should reach $4,411 in June, the highest ever for the month and an increase of $445 from June 2019. Incentives on cars are expected to be up $459 to $4,031, with trucks/SUVs up $407 to $4,524. Continue reading

Posted in marketing, results, sales | Tagged , , , , , | Leave a comment