Us traditional car companies continued to show weakness, GM Q3 delivery fell 10percent

category:Finance
 Us traditional car companies continued to show weakness, GM Q3 delivery fell 10percent


The ultra-low interest rate of the Federal Reserve has also saved the depressed traditional automobile industry to some extent. Elaine buckberg, an economist at general motors, said ultra-low interest rates on auto loans boosted retail car sales.

However, the stronger impetus comes from the demand triggered by the epidemic: consumers may see private cars as safer means of long-distance travel; and some families have also saved money on vacation to buy cars. In addition, the surge in housing demand and the growth of permits for new housing construction are also a positive signal for car demand. The activity of housing construction activities will benefit heavy-duty pickups. In the case of the delivery volume of traditional automobile enterprises in the United States has not yet fully recovered, the performance of electric vehicle enterprises is even more brilliant. On October 2, Tesla, the leader of electric vehicles, released a record number of third quarter vehicle deliveries. Tesla delivered 139300 vehicles in the third quarter, up 44% year-on-year, a record high, with 112000 vehicles delivered in the fourth quarter of 2019. Source: Wall Street, editor in charge: Zhang Mei_ NF2100

In addition, the surge in housing demand and the growth of permits for new housing construction are also a positive signal for car demand. The activity of housing construction activities will benefit heavy-duty pickups.

On October 2, Tesla, the leader of electric vehicles, released a record number of third quarter vehicle deliveries.

Tesla delivered 139300 vehicles in the third quarter, up 44% year-on-year, a record high, with 112000 vehicles delivered in the fourth quarter of 2019.