Square (NYSE: SQ), and
Roku Inc. (NASDAQ: ROKU). A lot of these companies had an amazing performance in 2020, but might have pulled forward years of demand. Now, as the economy reopens, they face pressure to explain how they’re going to drive toward profits and how they can keep the excitement going.
It’s not like these are necessarily stocks you can consider flash in the pans. People who got used to exercising at home and invested in a PTON machine probably aren’t going to abandon it for the gym right away, or necessarily at all. And MRNA’s vaccine technology has possibilities beyond the success of their Covid vaccine, analysts recently told Barron’s. PYPL and SQ’s technology was already in demand before Covid, though the pandemic might have given them a boost.
Here s My Ride: Lyft Up After Close And Uber Tomorrow For Glimpse At Reopening Economy forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
With Subaru’s plant shutdown in the U.S. through May 2, it may be harder to find a 2021 Subaru Outback or 2022 Outback model this summer. Subaru will lose approximately 15,000 vehicles to the production shutdown affecting SUV shoppers this spring and summer. The microchip shortage is affecting new Subaru models, and it’s raising used car prices.
A new study from Consumer Reports reveals that demand for used cars is pushing prices up with the shortage of new vehicles. The average cost of a used car jumped 12.5 percent over the past year, from $21,020 to $23,643, according to the National Automobile Dealers Association.
Electric vehicles will generate far less service revenue than gas cars over their life expectancy.
Tesla and other sellers of electric-only cars are bypassing dealers, selling directly to customers.
Advanced safety technology in EVs is reducing crashes and the revenue from repairs.
The transition to electric and advanced technology vehicles is poised to upend the auto dealer landscape, erode profit margins, and spark a massive industry consolidation. The impact on the current auto dealer business model will be quite profound, Adam Jonas, the auto and shared mobility analyst at Morgan Stanley Research, wrote in a March 10 investor report.
There are about 16,600 new vehicle dealers in the US. Combined, they do about $1 trillion (CQ) in annual sales and have 1.1 million employees, according to the National Automobile Dealers Association.
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PECK MADIGAN JONES REBRANDS: Peck Madigan Jones, one of the top lobbying firms on K Street, announced today that it will drop the name and rebrand as