PARIS — Europe’s car sales, slam-med by the coronavirus crisis in 2020, were supposed to bounce back this year. But instead, registrations fell by 26 percent in January. The declines more closely resembled the dark days of last spring, when…
Tag: rebound
Hyundai set for rebound as inventory gamble pays off
Hyundai made a big bet heading into the coronavirus pandemic, and it paid off in May. The Korean automaker’s moves over the past several weeks should position it for a stronger rebound coming out of the industry’s shutdown. Hyundai was…
Quick rebound in Wuhan car sales give hope to battered industry
A recovery in China’s car market is slowly gathering pace, with dealerships even in the initial virus epicenter of Wuhan seeing customers return. Vehicle sales have been picking up since early February — albeit from a near-zero level — as…
Dealer groups' lost sales likely to be offset by rebound in Hurricane Florence's wake, analysts say
Hurricane Florence is disrupting automotive retailers, but the problems could be offset by rebounding sales before year end, according to two analyst reports. Financial services firm Stephens said it considered top dealership groups’ exposure based on their percentage of vehicle…