China Auto Sales Plunge In January; And February Could Be Much, Much Worse

Tesla Inc's vehicle sales in China sank 70 percent last month from a year ago, the country's passenger car association told Reuters on Tuesday, underscoring how the Sino-U.S. trade war is hurting the U.S. electric carmaker......»»

New Home Sales Explode In March To Highest In 15 Years Unlike the disastrous drop (no rebound from February's plunge) in existing home sales (to 7-month lows) in March, analysts expected new home sales to rebound aggressively fro.....»»

Stimmy Checks Spark 'Spectacular' Retail Sales Spendfest In March... But What Happens Next? After surging in January (stimmy checks), and plunging in February ( no stimmy checks and bad weather), BofA has warned investors .....»»

China Passenger Vehicle Sales Scorch Higher By 69% In Q1 Auto sales in China have scorched back past pre-pandemic levels, with passeng.....»»

Ford recorded fourth consecutive quarter of sales growth in ChinaRelated Stocks: F, GM,.....»»

Mercedes Q1 Sales Rise By 22% After Demand Surges From China, North America Mercedes looks like it is joining the cabal of automakers who have smashed expectations for Q1, as the auto industry po.....»»

Durable Goods Orders Unexpectedly Tumble In February As Auto Shipments Slump After a surprisingly large jump (+3.4% MoM) in January, analysts expected slower growth in preliminary February data but instead it tumbled 1.1% MoM (+0.5% MoM exp.....»»

China-based makers produced 124,000 new energy vehicles and sold 110,000 units in February 2021, soaring 7.2 times and 5.8 times respectively on year, according to China Association of Automobile Manufacturers (CAAM)......»»

The decline missed the median estimate for a 0.5% drop and marks the fourth decline for retail sales in five months. Joe Raedle/Getty Images US retail sales declined 3% in February, t.....»»

Chinese Markets Slump Despite Soaring Industrial Production, Retail Sales Chinese stocks fell, starting the week off on the back foot despite solid January-February economic data which showed su.....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Pending Home Sales Unexpect.....»»

Shares of Li Auto Inc. fell 3.2% in premarket trading Tuesday, in the wake of the China-based electric vehicle maker's announcement overnight that January deliveries grew more than four-fold from.....»»

Tensions escalated between the U.S. and China and retail sales posted a historic plunge......»»

Treasury yields retreated on Friday, extending their slide for the week, as investors digested a sharp slump in U.S. retail sales and growing U.S.-China tensions......»»

China Auto Sales Fall 5.6% YOY In April Despite Sizeable Bounce Back From March The auto market in China is a widely watched economic gauge and leadi.....»»

BEIJING (AP) — China’s auto sales declined again in April but losses narrowed in a sign the industry's biggest global market is recovering from the coronavirus pandemic as Beijing eases anti-disease controls, according to an industry group.....»»

Sales declined but losses narrowed in a sign the industry's biggest global market is recovering.....»»

Japanese automaker Nissan Motor said on Monday its April sales in China grew 1.1% from a year earlier to 122,846 vehicles, as the world's biggest auto market recovered from the coronavirus......»»

U.S. automaker Ford Motor Co's two ventures in China have reported year-on-year sales growth for April, indicating the world's biggest auto market has started its recovery from coronavirus-induced lows......»»