In 2019, fleet sales accounted for nearly 22% of GM’s sales, with about half going to rental fleets and the other half to corporations and government agencies. Fleet sales accounted for nearly 28% of Nissan’s 2019 sales, with almost 93% of those sales going to rental car companies.
However, after a historic decline in oil prices, Ruppert said it “could be some time in 2021” before industry-wide vehicle orders from oil and gas producers recover. Ruppert said government orders are based on the previous year’s tax base, so 2021 orders will reflect this year’s pandemic.
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:
Wall Street will respond with higher stock prices.
Here we go...
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pending home sales spike a record 44.3% in May, as homebuyers rush back into the marketPending home sales spiked a stunning 44.3% in May compared with April, according to the National Association of Realtors. That beat expectations of a 15% rise. Sales were still 5.1% lower compared with May 2019. Realtor friend in Texas told me sales in the San Antonio area good. The real headline should be home sales is 5.1% lower than the same period last year.
Source: CNBC - 🏆 12. / 72 Read more »
Asia stocks up as China PMI, U.S. data cheer markets worried over coronavirus surgeAsian shares rose on Tuesday after data showed China's manufacturing sector grew more than expected in June, a hopeful sign for a global economy still struggling to recover from the sweeping impact of the coronavirus crisis. Markets now backward looking again and ignoring forward impacts of shutdowns, got it! ken and karen st louis | McCloskey St. Louis Couple Pull Guns on Protesters
Source: Reuters - 🏆 2. / 97 Read more »