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Friday 4 September 2020

The Daily Money: 5 reasons COVID-19 is boosting car and truck sales

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usatoday.com

The Daily Money
 
Friday, September 4

Happy Friday, Daily Money readers! It's Brett Molina with your Money and Tech headlines as you get ready for a hopefully relaxing Labor Day Weekend.

Before the pandemic began, automakers braced for a future where people would buy fewer cars and embraced ride-hailing services or public transportation. Now, as the pandemic rages on, more Americans want their own vehicles.

Shifting from cars to homes, the recession fueled by the pandemic has split the housing market into two: one group of Americans leaving cities for new homes, and another group facing eviction and struggling to survive.

Finally, gas prices for the Labor Day weekend are expected to be at their lowest point since 2004. But before you go anywhere, be sure to double check which stores and restaurants are open.

Scroll down for more headlines, and enjoy the holiday weekend.

Brett Molina, Money/Tech editor

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