sales
New York (AFP) - US vehicle sales got a boost from strong demand in 2023, due in part to attractive offers by automakers and dealers in the face of high interest rates and stubborn inflation. Industry experts estimate that around 15.5 million vehicles were delivered in the country last year, marking an increase of almost 13 percent from 2022. "Auto sales ended up being much stronger than most expected in 2023," said Garrett Nelson, senior equity analyst at CFRA Research. "We're getting closer to pre-covid levels," he told AFP. Sales exceeded 17 million vehicles annually over the 2015-2019 peri...
AFP
New York (AFP) - US automaker General Motors reported Wednesday a jump in vehicle sales for 2023, citing robust demand in a year also boosted by easing supply issues. The company logged sales of 2.6 million vehicles last year, a 14 percent rise from 2022, to hold on to its title of top US automaker. Toyota, the second-largest auto seller in the country, sold 2.2 million vehicles in the past year, marking a seven percent increase, the company said in a separate statement. GM's performance comes as it shakes off a hit from a six-week strike led by the United Auto Workers union, affecting the "Bi...
AFP
New York (AFP) - General Motors overtook Japanese carmaker Toyota in US automobile sales last year, according to company figures released Wednesday, reclaiming the top spot on strong demand after earlier supply difficulties. In 2021, the automakers saw a rankings shift with Toyota jumping ahead for the first time as a semiconductors shortage shook the car industry. Assembly lines took a hit and both companies saw steep sales declines. But on Wednesday, GM said its 2022 sales in the United States jumped three percent to around 2.3 million units. This was higher than Toyota's reported annual fig...
AFP
New York (AFP) - The pandemic has left the performance industry reeling but music publishing, a normally under-the-radar side of the business, is roaring thanks to a frenzy of high-profile music catalog sales. The royalty streams of songwriting copyright portfolios can prove lucrative for the long haul, and increasingly are enticing investors even as other industries tank under the pandemic's weight. In many cases, the transactions have come at staggering prices: Bob Dylan sold his full publishing catalog for a reported sum of $300 million to Universal Music Publishing Group, while Stevie Nic...
AFP
New York (AFP) - Automakers reported better-than-expected third-quarter US auto sales Thursday, pointing to strong demand for trucks and a boost from low interest rates.Auto giants General Motors, Fiat Chrysler and Toyota saw vehicle sales fall about 10 percent for the quarter ending September 30, but that decline was smaller than analyst estimates and a big improvement from the second quarter when coronavirus restrictions were at their most severe.Besides a boost from low interest rates, car sales have also been supported by a shift in consumer spending away from vacations and other discretio...
AFP
New York (AFP) - Vinyl records are outselling compact discs in the United States for the first time in more than 30 years, according to an industry report released Thursday.Music fans dropped $232.1 million on records in the first half of 2020, according to the Recording Industry Association of America, far surpassing the $129.9 million spent on CDs.Vinyl sales contributed 62 percent of total physical music media revenues -- which dropped 23 percent year-on-year, a decline the RIAA attributed to the coronavirus pandemic's shutdown of music venues and stores. Nevertheless vinyl's numbers marked...
AFP
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