All articles tagged with #automobile sales
Retail sales in the US have increased for the third consecutive month, indicating strong consumer spending despite economic concerns, with notable growth in auto and online sales, and restaurant spending, supporting ongoing economic expansion.
U.S. retail sales increased in July, driven mainly by a surge in automobile purchases as consumers buy ahead of tariff-induced price hikes, indicating ongoing economic growth despite slower expansion and inflation concerns. While overall retail sales rose modestly, some sectors like restaurants lagged, and the economy faces potential slowdown due to tariff impacts and inflation, with market optimism remaining high.
American Honda provided an outlook on its 2024 U.S. automobile business, projecting increased annual sales for both Honda and Acura, with a focus on hybrid models, light trucks, and the introduction of high volume electric vehicles. The company plans to initiate sales of three zero emissions vehicles in 2024 and aims to achieve 100% zero emissions vehicle sales by 2040. Acura will introduce the all-electric ZDX SUV and enhance the MDX and RDX models, while Honda will launch the all-new electric Prologue SUV and the CR-V Fuel Cell Vehicle. Additionally, Honda debuted its new global EV series and concept models at CES 2024, signaling a strong commitment to electrification and sustainability.