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Federal Reserve keeps interest rates steady but signals borrowing costs will increase by another half of a percentage point by year’s end.
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Automaker earmarks $2 billion to building next-gen full-size pickups and SUVs, guaranteeing production of gas-powered vehicles into the 2030s.
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Modest increase still less than normally seen during spring selling season.
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US market leader to lose dominance to legacy carmakers, bank predicts.
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May supplies reached 1.96 million, well above a year earlier, though still under historical norms.
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Just one quarter of potential buyers say they would consider electric.
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Analysts predict downward shift over the last two months will continue.
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CDK Global ease-of-purchase survey tracks change. Dealership inventories reaching normal levels as shoppers search for affordable options.
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Regulator says federal statute takes precedence.
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Higher incentives, inventory drive demand as average price stays below MSRP.
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