Tag: Sales

Electric bicycle sales are higher than ever, but it’s created a new problem

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While the COVID-19 pandemic shook the world and the e-bike industry with it, the pandemic also led to a huge surge in electric bicycle sales.

Nearly every company that offered electric bicycles soon found themselves with empty shelves and warehouses.

Between people being at home with more time on their hands, riders exiting lockdowns and itching to spend more time outdoors, and commuters looking for socially distant ways to get to work while avoiding public transportation, e-bike sales have never been higher.

But now that’s created a new problem in the industry: supporting all of those customers.

Large e-bike companies who count their customer base in the thousands and tens of thousands were already tasked with managing a carefully orchestrated customer service balance.

But now those systems have been pushed past the breaking point as countless new riders receive bike boxes at their doorstep, a small portion of which inevitably

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Recreational Vehicle Sales Rise as New Buyers Take to the Highway

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The recreation-vehicle maker reported a backlog valued at $5.74 billion, compared with roughly $2 billion a year earlier.



Photo:

joshua lott/Reuters

Thor Industries Inc.,

a large recreational-vehicle maker, finished its latest fiscal year in July with a record-high backlog of orders as the coronavirus pandemic led first-time buyers to shop for RVs.

Elkhart, Ind.-based Thor reported a backlog valued at $5.74 billion, compared with roughly $2 billion a year earlier. That included $2.76 billion of orders for towable RVs in North America. Thor also said dealer inventories finished July at historically low levels.

Thor Chief Executive Bob Martin said he has seen the pandemic draw a new cohort of younger enthusiasts to the world of RVs, as people search for ways to travel while keeping their distance from others.

The company echoed an industry outlook for further growth to come, citing a forecast

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California to ban new gas, diesel vehicle sales by 2035

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Worried about manual transmissions going away? Get ready for an extinction event properly worth grieving over, because Gavin Newsom has just announced plans to abolish the internal combustion engine by 2035. In an executive order announced Wednesday, Newsom said sales of internal-combustion passenger vehicles and light trucks would be banned by 2035. Instead of gas and diesel vehicles, the mandate calls for the sale of zero-emission vehicles. Medium- and heavy-duty trucks will be given an extra decade to comply.



Gavin Newsom in a suit standing in front of a screen: Gov. Newsom has put the internal combustion engine on the clock in California. Rich Pedroncelli/AP/Bloomberg/Getty Images

© Provided by Roadshow
Gov. Newsom has put the internal combustion engine on the clock in California. Rich Pedroncelli/AP/Bloomberg/Getty Images



Gavin Newsom wearing a suit and tie: The internal combustion engine is now on a clock in California.

© Rich Pedroncelli/AP/Bloomberg via Getty Images

The internal combustion engine is now on a clock in California.


“This is the most impactful step our state can take to fight climate change,” Newsom said. “Our cars shouldn’t make wildfires worse — and create more days filled with smoky air. Cars shouldn’t melt

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New Vehicle Retail Sales Make a Roaring Comeback in the Third Quarter, Edmunds Forecasts

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SANTA MONICA, Calif., Sept. 24, 2020 /PRNewswire/ — The car shopping experts at Edmunds say that the third quarter represents a positive turning point for the automotive industry despite challenges presented by the coronavirus (COVID-19) pandemic. Edmunds analysts forecast that 3,850,707 new cars and trucks will be sold in the U.S., which reflects an 11% decrease from the third quarter of 2019 but a 30.6% increase compared to the second quarter of the year.

“Third-quarter sales make at least two things apparent: Most of the doomsday scenarios forecasted at the beginning of the pandemic fortunately did not hold true, and the American consumer stepped up to become one of the many heroes in this chapter of resilience for the automotive industry, ” said Jessica Caldwell, Edmunds’ executive director of insights. “Consistently lower interest rates encouraged new-car buyers — who were less likely to be financially hindered by the

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Increase in bicycle sales adding pressure to supply chains

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A continued cycle of buying necessities to help aide people during the pandemic has stopped some worldwide suppliers in their tracks. Bike manufacturers are in a standstill. 

Bike sales booming in East Texas

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Joshua Phillips, owner of Cycology in Tyler, says inventory has slowed down but somehow business is on a roll.


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“When the pandemic happened, people kind of started coming into the store and purchasing bikes left and right,” Phillips said.

It didn’t just occurred in Tyler but around the nation.

RELATED: Take a bike ride for National Bike Week

People rushed to bike shops searching for the two wheeled mode of transportation just as much as people rushed to by food and toilet paper. Research states, leisure bike sales grew by 203%, children’s bikes 107% and certain mountain bikes more than 150 %. Bringing in revenue upwards of $1 billion in just one

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CSX Executive Vice President Sales & Marketing to Address Cowen Global Transportation Conference

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JACKSONVILLE, Fla., Sept. 02, 2020 (GLOBE NEWSWIRE) — CSX Corp. (NASDAQ: CSX) Executive Vice President Sales & Marketing, Mark Wallace, will address Cowen’s 13th Annual Global Transportation Conference virtually Wednesday, September 9, at 8:00 a.m. Eastern time.

This address will be broadcast live via webcast at http://investors.csx.com. A replay will be available following the conclusion of this event. This announcement, as well as additional financial information, is available on the company website at http://investors.csx.com.

About CSX

CSX, based in Jacksonville, Florida, is a premier transportation company. It provides rail, intermodal and rail-to-truck transload services and solutions to customers across a broad array of markets, including energy, industrial, construction, agricultural and consumer products. For nearly 200 years, CSX has played a critical role in the nation’s economic expansion and industrial development. Its network connects every major metropolitan area in the eastern United States, where nearly two-thirds of the

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Rebound in global light vehicle sales well under way – LMC

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Aug 24 (Reuters) – Auto consultant LMC Automotive on Monday cut its estimate for a decline in full-year global light vehicle sales, citing a speedy recovery for the sector hit by the coronavirus crisis.

Global light vehicle sales are expected to fall about 16.7% to about 75 million units this year, improving from a prior estimate of a drop of about 19%, LMC said.

“Light vehicle sales were just over 90 million units in 2019, so the selling rate in July shows a market running at almost 97% of last year’s total,” LMC said. (bit.ly/3lcO6l3)

Since hitting a bottom in April, auto sales have seen a V-shaped recovery as economies reopen following easing of lockdowns, resulting in major automakers scrambling to ramp up production and boost weak inventories at dealerships.

China has been among the strongest markets to recover, the auto consultant said, with the United States seeing a tempered

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Automotive HUD Market by Technology, HUD Type, Vehicle Class, Dimension, Vehicle Type, Sales Channel, and Region – Global Forecast to 2025 – ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The “Automotive HUD Market by Technology (AR-HUD, Conventional HUD), HUD Type (Combiner, Windshield), Vehicle Class (Economy, Mid-Segment, Luxury Car), Dimension (2D and 3D), Vehicle Type, Sales Channel (OEM, Aftermarket), and Region: Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.

The global automotive HUD market is estimated to grow at a CAGR of 31.3% during the forecast period, from USD 866 million in 2020 to USD 3,372 million by 2025.

The increase in the variety of connected features available in a passenger car and the safety and convenience attached to them have increased the demand for connected vehicles that provide superior convenience, comfort, and entertainment. The increase in the time spent inside a car due to traffic congestions has increased the demand for in-car connected features.

Advanced HUDs are an indispensable part of connected vehicles. Connected cars provide audio and visual entertainment from infotainment units

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Voters will consider 1/8 cent sales tax for workforce training and education, then transportation in November

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San Antonio – San Antonio voters will be asked to consider a double hand-off of a 1/8 cent sales tax at the ballot box in November.

The tax in question currently funds the Edwards Aquifer Protection Program and the development of Linear Creekway Parks. But it is expected to expire sometime in the spring or summer of 2021 when it reaches the $180 million cap voters set for it, leaving the estimated $38.5 million it would bring in annually available for a different use.

Both the San Antonio City Council and the VIA Metropolitan Transit Board – through its role as the Advanced Transportation District Board of Trustees – voted Thursday to put consecutive collections for the tax onto the Nov. 3 ballot.

The city wants to use the 1/8 cent sales tax through Dec. 31, 2025 to fund a workforce training and education program that it estimates will help

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USB Car Chargers Market: Study of top-Level Companies, Import and Export, Trading, Sales and Revenue Growth Trends Forecast 2024

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The MarketWatch News Department was not involved in the creation of this content.

Aug 03, 2020 (The Expresswire) —
“Final Report will add the analysis of the impact of COVID-19 on this industry.”

“USB Car Chargers Market” Report 2020 surveys the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major USB Car Chargers Market drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis offers detailed information about the development, trends, and industry policies and regulations executed in each of the geographical region (United States, Europe, China, Japan, Other Regions).

Get a Sample Copy of the Report-https://www.industryresearch.co/enquiry/request-sample/13901752

Global regulatory background of the USB Car Chargers market has been deeply covered to offer stakeholders a better understanding of the key factors affecting the overall market environment. Documentation of key industry players in the industry and

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