WASHINGTON — Americans curtailed their shopping in June, with less spending at restaurants, department stores and gas stations.The spending cuts came despite a healthy job market and suggests that economic growth could remain sluggish.Sales at department stores, once the anchors of shopping malls and the pride of local communities, have dwindled.The rise of online shopping has left more retailers competing on price or striving to offer deeper discounts — factors that can limit overall sales figures.[...] it’s doubtful he can do so without a jolt in retail spending that would reflect greater consumer confidence and sustained income gains.Despite the slight improvement of sales by auto dealers, overall motor vehicle sales, which can include purchases by rental car companies, fell 3 percent in June.
NYS Entity Status
NYS Filing Date
APRIL 30, 2013
NYS DOS ID#
MR KEVIN L JONES JR
1148 MAIN STREET
FISHKILL, NEW YORK, 12524
NYS Entity Type
DOMESTIC BUSINESS CORPORATION
2013 - NO DOUBT AUTO AND TRUCK SALES INC.
AROUND THE WEB
- US retail sales fall for 2nd month as consumers pull back
By Josh Boak - Friday Jul 14, 2017
- Deadly crashes spur calls for tractor-trailer side guards
By MARY ESCH, Associated Press - Sunday Jul 30, 2017
ALBANY, N.Y. (AP) — Fifty years after actress Jayne Mansfield died in a Buick that slammed underneath a tractor-trailer, auto safety advocates say regulations inspired by that gruesome crash need updating to prevent hundreds of similar deaths annually."We're asking Congress to pass a bill that would mandate comprehensive underride protection, not only on tractor-trailers but on single-unit trucks," such as dump trucks, said Marianne Karth, who lost two teenage daughters, AnnaLeah and Mary, when her Crown Victoria crashed beneath a tractor-trailer in Georgia in 2013.After two cars skidded under a jackknifed milk tanker truck in northern New York on July 6, killing four people, U.S. Sen.
- After years of growth, automakers are cutting U.S. jobs
By Bill Vlasic - Wednesday Jul 5, 2017
DETROIT — After a prolonged recovery that culminated in two years of record sales, the American auto industry is slowing down, with fewer buyers in dealer showrooms and fewer workers on the factory floor.The decline signals at least a pause in Detroit’s resurgence from the dark days of the financial crisis, which General Motors and Chrysler survived only through bankruptcy and bailouts.Industry analysts said consumers might be pulling back on spending because of tighter credit conditions and more expensive vehicle loans.“Higher interest rates and uncertainty around fiscal policies will slow economic growth, and may become headwinds for auto sales,” said Charlie Chesbrough, an economist for the research firm Cox Automotive.With low gas prices motivating buyers to trade in traditional cars for larger models, factories making trucks and sport utility vehicles are humming, with some producing around the clock on three shifts.Even as overall vehicle sales declined in June, sales of trucks and sport utility vehicles rose about 4 percent from a year earlier.[...] if falling sales overall in the United States continue to cut employment in U.S. plants, it could spur protectionist measures by the Trump administration, like imposing border taxes on imported vehicles.Scaling back jobs in car plants is part of a newfound discipline among automakers to avoid bloated payrolls and inventories when sales start slipping.[...] the Detroit companies have also hired large numbers of lower-wage, entry-level employees with less costly unemployment benefits.GM, for example, has reduced the number of shifts at several of its domestic plants, the most recent reduction being its announcement of cutbacks at a factory in Kansas that makes the Chevrolet Malibu midsize sedan — a segment that is rapidly declining as more buyers gravitate to SUVs.Fiat Chrysler, for its part, has eliminated production of compact and midsize cars altogether at factories in Michigan and Illinois, temporarily laying off workers as it retools the plants to produce SUVs and trucks.The bright spots in the overall employment picture are the expansion of production at niche automakers like Palo Alto electric-car company Tesla, and by foreign car companies including BMW, which is adding jobs at its sole U.S. plant, in South Carolina.“Seasonal factors drive a much higher retail mix of trucks and utilities in the second half of the year, so it makes sense to make production adjustments on the car side,” said James Cain, a spokesman for General Motors.
- U.S. Auto Sales Fall as Fewer Vehicles Go to Rental Chains
Monday Jul 3, 2017
Auto sales continued to slide in June, as car buyers react to higher vehicle prices and Detroit backs away from dumping unwanted inventory into rental-car lots.
- U.S. Auto Makers Report Steep Sales Declines in July
Tuesday Aug 1, 2017
Sales for major U.S. auto makers sharply declined in July amid a modest slump in lease deals that have kept payments low, continuing an industry slowdown that has led to a glut of inventory on dealer lots and a spate of discounts.
- Fiat Chrysler's Green Autos Have a Problem: They're Not for Sale
Saturday Jun 24, 2017
The auto maker suspended production of its well-regarded Pacifica hybrid minivan in recent weeks and has recalled it, leaving customers and dealers disappointed.