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Low interest rates fuel US car sales rebound

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2 years ago

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http://www.euronews.com/ Good news for the US economy as car sales there rose last month by the most since before the start of the financial crisis and recession four and a half years ago.

September sales were up by a much better-than-expected 13 percent from the same month last year – reaching almost 1.2 million.

General Motors and Ford credited improved consumer confidence from rising home prices and a drop in jobless claims.

Buyers were also able to get car loans at lower interest rates.

As fuel prices go up the manufacturers said Americans were tending to buy smaller vehicles.

Of the big three US firms, Chrysler was the best performer, its sales were up 12 percent, compared with GM’s 1.5 percent gain, while Ford was little changed.

Toyota overshadowed them with a 41.5 percent surge in sales last month. That was partly accounted for by sales a year ago suffering from inventory shortages following the earthquake in Japan.

Honda’s sales rose about 31 percent and Volkswagen enjoyed a 34.4 percent increase.

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Another Europe News

“It’s freedom”: Border residents react to end of Gibraltar-Spain checks

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11 minutes ago

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July 17, 2026

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“It’s freedom”: Border residents react to end of Gibraltar-Spain checks

Routine border checks between Spain and Gibraltar have ended, allowing thousands of daily commuters to cross more easily. While many welcome shorter journeys and greater freedom, others remain cautious about the long-term impact.

READ MORE : http://www.euronews.com/2026/07/16/its-freedom-border-residents-react-to-end-of-gibraltar-spain-checks

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Cypriot minister defends appointment of EU Cyprus special representative following backlash

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1 hour ago

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July 17, 2026

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Cypriot minister defends appointment of EU Cyprus special representative following backlash

Cyprus says the EU’s appointment of Raffaele Fitto as special representative for the divided Mediterranean territory will support reunification efforts, but Turkish Cypriot leadership has blasted the move as biased and putting strain on efforts to improve EU-Turkey relations.

READ MORE : http://www.euronews.com/2026/07/15/cypriot-minister-defends-appointment-of-eu-cyprus-special-representative-following-backlas

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Latest news bulletin | July 6th, 2026 – Morning

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2 hours ago

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July 17, 2026

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Latest news bulletin | July 6th, 2026 – Morning

Catch up with the most important stories from around Europe and beyond this July 6th, 2026 – latest news, breaking news, World, Business, Entertainment, Politics, Culture, Travel.

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‘Food insecurity is on the increase’, World Food Programme Director says

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3 hours ago

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July 17, 2026

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‘Food insecurity is on the increase’, World Food Programme Director says

Conflict in Lebanon has “hit humanitarian operations” worldwide, says WFP Executive Director Carl Skau. “In the poorest countries, people are now eating less” as rising costs have reduced aid deliveries and disrupted supply chains.

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Ukraine opens new cluster of negotiations on EU membership track

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4 hours ago

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July 16, 2026

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The European Union and Ukraine on Tuesday opened a new cluster of negotiations, as part of the process for the country to join the Union.

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