Rally Cars: Dealership Stocks Rise as Firms Pivot from New Vehicles

  • 📰 WSJ
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The U.S. car market could be facing a downturn. But you wouldn’t know it from the rally in stock prices for publicly traded dealership groups.

With showroom sales slowing, dealerships are pivoting to more reliable income generators, such as profits produced by their used-car operations and service departments, to offset declining margins in the new-car business, say analysts and dealers.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

US car makers are creating their own downward spiral. GM is completely lost, Ford is making a huge mistake with their sedan division and Chrysler isn’t American.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street dips after mixed earningsU.S. stocks pulled back slightly on Wednesday after a record-setting rally in th... My housing stocks are rising slowly though...why are Jason and jennifer still trying to defend themselves again?!?
Source: Reuters - 🏆 2. / 97 Read more »

Cramer: Be wary of stocks that rally into earnings reports, like Google-parent Alphabet did'A gentle dip ahead of earnings can be the best vaccination against a sell-off,' Jim Cramer says. This is not a true statement. alphabet had a lousy earning.
Source: CNBC - 🏆 12. / 72 Read more »

The Stimulus-Driven Rally in Chinese Stocks Is Running Out of SteamChinese A-shares have been on an upswing since February, but that now appears to be ending
Source: WSJ - 🏆 98. / 63 Read more »

Fed and tech stocks could crack the market rally, warns Wall Street strategistOur call of the day, from Miller Tabak Asset Management’s strategist, Matt Maley, warns that any shift in the Fed’s dovish stance this week could cause this...
Source: MarketWatch - 🏆 3. / 97 Read more »