It's inevitable that Amazon (NASDAQ: AMZN) will surpass Walmart (NYSE: WMT) in total merchandise sales in the U.S. at some point. One's growing sales volume more than 20% every year, the other is growing in the low single digits. An April report from e-commerce data company Edge by Ascential said Amazon won't pass Walmart until 2025. Read More...
Reuters
Supply constraints to slow U.S. auto sales growth in June – J.D. Power, LMC Automotive
Retail sales for new vehicles in June are estimated to reach 1.1 million units, up 12.4% from last year, the companies said in a statement, lower than their expectations for 34% and 110% growth in May and April, respectively. Total new-vehicle sales for June, including retail and non-retail, are projected to reach 1.3 million units, a 19.5% increase compared with the same period in 2020. “The effect of fewer vehicles in inventory at dealerships is finally starting to have a material effect on aggregate industry sales volumes, as eager buyers struggle to find their desired new vehicle,” said Thomas King, president of data and analytics division at J.D. Power.
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