Housing, auto markets boost U.S. economy

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The elixir of record-low interest rates has helped revive the U.S. markets for housing and autos — standouts in an economy in desperate need of traction.

Sales of new homes in June ran at their fastest pace in nearly 13 years, leaving builders and the construction workers they employ with bigger backlogs. While the motor-vehicle industry still isn’t back to pre-pandemic levels, the pace of car and light-truck purchases accelerated a third straight month to an annualized pace of 14.5 million in July, exceeding economists’ estimates.

These are bright spots that President Donald Trump has touted, though with the coronavirus

Automotive In-Vehicle Air Purifier Market 2020-2024 / Trends, Share, Size and Forecast Report

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

Aug 09, 2020 (AmericaNewsHour) —
Global Automotive In-Vehicle Air Purifier Market is estimated to reach $2,454 Million by 2024; growing at a CAGR of 9.5% from 2016 to 2024. Automotive in-vehicle air purifiers have extended from passenger cars to light and heavy commercial vehicles. Cars, school buses, trucks, and other private & public transport vehicles are increasingly installing these purifiers in order to safeguard the driver as well as passengers. Adoption of in-vehicle air purifier is rapidly increasing in the developing economies such as China, as the

Automotive Cameras Market 2020-2024 / Trends, Analysis, Segmentation, and Forecast

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

Aug 09, 2020 (AmericaNewsHour) —
Global Automotive Cameras Market is forecasted to reach $33 billion by 2024; growing at a CAGR of 17.5% from 2016 to 2024. Automotive cameras are image sensing cameras installed inside as well as outside of the vehicle for safety purposes. It has gained popularity and is widely used in commercial, private and defense sectors. It gives better driving experience and furthermore helps in recording the drivers conduct which can be useful during insurance claim. Automotive cameras are used in various application areas

Used-car lots see upswing in sales | Business

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Car dealerships are scrambling to keep inventory in stock as used-car sales skyrocket.

Auto factory closures, stimulus checks, and low interest rates are among the reasons more customers are buying used cars.

Bob Bolen, president of Big City Cars on Lima Road, said he bought a normal amount of inventory in preparation for tax season, a popular time to buy a car. He has seen record sales numbers the pasttwo months.

Bolen said dealers were wary of buying more inventory when the pandemic hit, so the value of cars at auction dropped drastically. Bolen reduced the prices of his own