Filed under: Earnings/FinancialsThe collapse of air travel has pushed big car rental companies to cancel orders for new vehicles, punching a hole in sales for nearly a dozen U.S. automakers' including the Big Three in Detroit. Hyundai Motor Co's U.S. sales arm said Tuesday that its sales to fleets, including rental companies, fell by 79% in May, while retail sales grew by 5%. Automakers could lose up to 12% of their annual U.S. vehicle sales in 2020 as car rental companies slammed by the coronavirus pandemic slash fleets andPermalink | Email this | Comments
The current Toyota Corolla hasn’t been with us for very long. The aggressive-looking five-door hatchback model first made its debut in the middle of 2018, and has since been joined by a similarly wide-mouthed four-door sedan variant. Despite its relative youth and visual edge, Toyota has decided to make the new Corolla a little spicier […]
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