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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
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Slumping fleet sales weigh on U.S. auto market
