Tag: economy
Fed raises interest rates one more time, indicates hikes could be...
The Federal Reserve has hiked interest rates once again, this time by 0.25%, but appears poised to discontinue the dis-inflationary tactic.
After the last increase...
U.S. retail sales see largest growth in two years despite inflation...
U.S. retail sales rose 3% in January, according to the U.S. Commerce Department, the biggest monthly increase since March of 2021.
Analysts had originally expected...
What January’s success can tell us about the 2023 car market...
As the dust settles on the 2023 car market, dealers are obsessively watching for signs of change. The year promises to be pivotal for...
Inflation growth in January surprises analysts, but recession remains uncertain
Inflation outpaced expectations in January as the consumer price index (CPI) gained 0.5%, but despite the new numbers the recession debate remains unresolved.
The CPI...
How to set expectations for your dealership in 2023 and beyond...
Many dealerships are struggling to set expectations in the face of an unpredictable year. It is important for businesses to learn from experts who...
Auto leaders have lowered their EV sales outlook after slow growth
In a new report, KPMG unveiled data showing how the auto-industry's EV sales outlook has soured over the course of 2022.
Using survey responses from...
New-car sales beating expectations, reports Cox
Cox Automotive has predicted that November’s new-car sales will be 10.8% higher than in 2021. This is a surprising shift in tone from earlier...
Porsche gears up for stock market debut
Amid an ongoing war in Ukraine and an escalating energy crisis in Europe, Porsche may be gearing up to take the first steps toward...
Tesla announces 3-for-1 stock split
Tesla Inc announced a three-for-one stock split on Thursday, a move that is designed to diversify the company’s investor base and make it easier...
Bugatti sold out into 2025 despite rising inflation and economic concerns
It seems rising inflation and economic concerns aren’t slowing the spending habits of the ultra-wealthy in the United States. At least not according to...
