The rental car company blamed the sharp drop in the value of electric vehicles and higher repair costs for its decision to sell 20,000 cars.
Category: Discount Selling
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General Motors Reports a 14% Jump in U.S. Auto Sales in 2023
The nation’s largest automaker sold more cars in 2023 than a year ago as supply chain chaos ended, but sales are now under pressure from rising interest rates.
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Holiday Spending Increased, Defying Fears of a Decline
While the pace of growth slowed, spending stayed strong because of robust job growth and strong wage gains.
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JetBlue Seeks Court Approval of its Acquisition of Spirit Airlines
JetBlue Airways is trying to persuade a federal court to let it acquire Spirit Airlines, a deal that the Justice Department says will raise fares and reduce competition.
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Black Friday Isn’t What It Used to Be
Big discounts, many of them online only, start appearing well before Thanksgiving and will run long after. Some people still go to the mall, though.
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United Airlines Will Buy 110 Planes From Airbus and Boeing
The airline, which is betting big on strong travel demand, said the new planes will expand its fleet and replace older planes.
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U.S. Consumers Are Showing Signs of Stress, Retailers Say
Consumer spending remains resilient, but retailers’ latest earnings offered a glimpse into worrying shifts in shopping habits.
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Tesla’s Profit Rose in the Second Quarter After Big Price Cuts
Elon Musk’s electric car company is facing intensifying competition from newer Chinese automakers and established Western car companies.
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Ford Slashes Price of Electric F-150 as Demand Weakens
Sales of electric vehicles have slowed recently partly because prices of some models like the F-150 Lightning had risen a lot.
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Ford Slashes Price of Electric F-150 Lightning as Demand Weakens
Sales of electric vehicles have slowed recently partly because prices of some models like the F-150 Lightning had risen a lot.
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Tesla Sales Surge as Tax Credits Fuel Demand
Incentives and price cuts made Tesla electric cars cheaper than comparable gasoline models. But the company faces growing competition in China, a key market.
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Tesla Sales Surge as Tax Credits Fuel Demand
Incentives and price cuts made Tesla electric cars cheaper than comparable gasoline models. But the company faces growing competition in China, a key market.