Auto sales rise amid fall in production – Newspaper

KARACHI: The first quarter of FY21 ended on a contrasting note for auto sector, depicting a 2.7 per cent rise in car sales to 31,868 units while production fell by 24pc to 27,574.

However, September figures for production and sales of cars remained positive with 12,117 and 11,860 units versus 7,177 and 9,885 in August and 9,090 and 10,923 units in September 2019, respectively.

Honda Civic and City car volumes revived with an impressive 65pc jump to 6,483 units in 1QFY21 while Suzuki Bolan held second position with an increase of 59pc in sales to 1,758.

Suzuki Swift sales recovered by 20pc to 630 units, followed by 13pc hike in Suzuki WagonR sales to 2,460 units, figures released by Pakistan Automotive Manufacturers Association (Pama) revealed.

Suzuki Alto emerged as one of the main losers in the 1QFY21, posting a massive drop of 41pc to 7,651 units, while Toyota Corolla sales

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Fall means more deer-auto collisions. Here’s what suburban drivers can do to stay safe.

The Forest Preserve District of DuPage County is warning drivers to be alert to avoid collisions with deer this fall.

“Deer activity and the likelihood of deer-vehicle collisions increase between October and December during deer mating season,” forest district ecologist Brian Kraskiewicz said in a statement. “Please be more aware of deer crossing roads, especially between 6 and 9 p.m. and at dawn.”

        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        

 

The district cited a study from State Farm Insurance that ranked Illinois as 34th in the nation for deer-vehicle accidents in 2019 — a 1-in-144 chance of having a collision, an increase from a 1-in-200 chance in 2018.

The district also warned that even though many new cars come with automatic emergency braking with pedestrian detection, not all systems are designed to recognize large animals.

To lower the risk of hitting a deer or to minimize damages, the forest district shared these reminders and tips for drivers:

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Brazil’s auto production should fall 35% this year, trade group says

New throughout, adds new production/sales forecasts

SAO PAULO, Oct 7 (Reuters)Brazil’s auto trade group Anfavea on Wednesday published slightly less dim 2020 forecasts for Latin America’s largest car market, which has been slammed by the effects of the coronavirus pandemic on the economy.

Anfavea said auto production is now expected to fall 35% in 2020 from 2019, less sharp than its initial projection of a 45% drop. Sales should now fall 31% compared to an initial forecast of 40%.

Still, Brazil’s auto market will be extremely hard hit by the pandemic in a year that was initially expected to have solid growth. Brazilian auto workers are bracing for layoffs, as employment in the sector has so far remained relatively stable, in part sustained by government subsidies.

This week, a union representing General Motors GM.N workers said the automaker had launched its second buyout program since the

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Sensex Gains Over 300 Points; TCS Bucks Trend As IT Stocks Fall (October 7)

Stock Market Updates: Gains in auto, energy and select financial stocks pushed the markets higher

Domestic share markets rebounded after initial losses on Wednesday tracking Asian equities, which climbed to the highest level in two weeks. The S&P BSE Sensex index rose 368.74 points – or 0.93 per cent – to touch 39,943.31 at the strongest level recorded during the session, and the broader NSE Nifty 50 benchmark climbed to as high as 11,751.50, up 89.1 points – or 0.76 per cent – from its previous close. Gains in auto, energy and select financial stocks pushed the markets higher, but losses in IT shares limited the upside. (Track Sensex, Nifty)

At 1:22 pm, the Sensex traded 309.26 points – or 0.78 per cent – higher at 39,883.83, and the Nifty was up 75.90 points – or 0.65 per cent – at 11,738.30.

Titan, Reliance Industries, Bajaj Auto, UltraTech Cement and

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Bajaj Finance shares fall 5% as loans booked in Q2 decline 45%

Shares of Bajaj Finance fell as much as 5.42%, after its new loans booked during Q2 FY21 declined 44.6% year-on-year to 3.6 million. At 11.25 am, the stock was trading at Rs3,320, down 4.44% from its previous close, while the benchmark index, Sensex, gained 0.43% to 39,745.34.

“The company will continue to accelerate its provisioning for covid-19 in Q2 FY21 as well to further strengthen its balance sheet,” the lender said in a BSE filing made after market hours on Tuesday.

The company’s consolidated liquidity surplus stood at approximately Rs22,300 crore as of 30 September, 2020, and added that its liquidity position remains very strong.

The NBFC said it continues to remain well capitalized with capital adequacy ratio (CAR) of approximately 26.5% as of 30 September, 2020, while maintaining highest ever liquidity buffer.

Deposit book increased 22.5% to Rs21,600 crore in Q2 September 2020 compared with Rs17,633 crore in Q2

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Mopar Offers Tips and Specials for Fall Car Care Month

“With the cold-weather driving season fast approaching, preventative vehicle maintenance is critical,” said Mark Bosanac, Head of Mopar Service, Parts and Customer Care, FCA – North America. “With certified Mopar technicians and a vast portfolio of factory-backed parts and services, our dealerships are a one-stop shop for drivers looking for peace of mind before heading into winter.”

Following are reminders and special offers from Mopar:

1. Maintenance during infrequent vehicle use: 
For vehicles used infrequently during this time, customers should refer to vehicle-storage information in their owner’s manual. The following recommended practices will help maintain the health of a vehicle during infrequent use/long-term parking:

  • To help maintain battery life and keep the engine fluids in good operating condition, vehicles should be started at least once a week and idle in Park for 15-20 minutes with all accessories turned off. An even better practice is to drive the
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U.S. auto sales fall 9.7% in third quarter

DETROIT >> In normal times, a 9.7% drop in auto sales would cause executives to sweat profusely. These are not normal times.

Instead, the industry sees some good things in the decline of U.S. new vehicle sales in the third quarter. Prices are up, inventories are low, and those who are in the market are buying more expensive vehicles.

That’s all swell for an industry whose factories were closed just five months ago due to the novel coronavirus. The July-through-September dip is small compared to the 31% decline in the second quarter when dealers were closed and it took 0% loans to entice customers.

And sales in September actually grew 4.8% over a year ago, the first monthly increase since February.

Automakers attributed a lot of the third-quarter decline to falling sales to large fleet buyers such as rental car companies.

“Consistently lower interest rates encouraged new-car buyers — who

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US 3Q auto sales fall 9.7%, but they’re rising from 2Q lows

DETROIT (AP) — In normal times, a 9.7% drop in auto sales would cause executives to sweat profusely. These are not normal times.

Instead, the industry sees some good things in the decline of U.S. new vehicle sales in the third quarter. Prices are up, inventories are low, and those who are in the market are buying more expensive vehicles.

That’s all swell for an industry whose factories were closed just five months ago due to the novel coronavirus. The July-through-September dip is small compared to the 31% decline in the second quarter when dealers were closed and it took 0% loans to entice customers.

And sales in September actually grew 4.8% over a year ago, the first monthly increase since February.

Automakers attributed a lot of the third-quarter decline to falling sales to large fleet buyers such as rental car companies.

“Consistently lower interest rates encouraged new-car buyers —

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Fiat Chrysler and GM’s 3Q auto sales fall from last year, but demand improves from depths of coronavirus lockdowns

  • Fiat Chrysler reported its U.S. auto sales for the third quarter were down 10% from a year ago.
  • Industry forecasters expect domestic U.S. auto sales to be down between 11% and 13% from the third quarter of 2019. 
  • Despite the decline, the market is showing improvement from the second quarter of this year, which was devastated by the coronavirus pandemic. 



a car parked in a parking lot: The Key Auto Mall car dealership in Moline, Illinois.


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The Key Auto Mall car dealership in Moline, Illinois.

Fiat Chrysler and General Motor’s auto sales fell in the third quarter, but both automakers saw a significant rebound in demand from the second quarter when the pandemic wreaked havoc on the industry.

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Fiat Chrysler’s sales fell 10% from a year ago, but they jumped 38% from the second to third quarter with 140,265 more vehicles sold from July through September than the previous three months. GM said its sales during the third quarter declined

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Where to find pumpkin patches, apple picking and fall festivals in the D.C. area during coronavirus

For the most part, though, the classic fall experiences are still out there, waiting for day-trippers and groups and families to make the most of weekend afternoons, even if the experience looks and feels slightly different.

Fall festivals for kids

The Fall Festival at Summers Farm in Frederick, Md., is everything a kid could want right now: A corn maze! Pig races! A tractor-pulled ride to a pumpkin patch! Except visitors are wearing masks, attractions are spaced out and employees are carefully sanitizing “high touch areas” multiple times per day.

“We didn’t plan to open” this season, says Teresa Summers, who launched the festival on her family’s farm in 1996, “until the end of July, when we heard the guidelines from the governor.” So instead of just focusing on giant slides and barnyard animals, Summers began to make changes with the smallest visitors in mind, because they like to touch

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