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May Auto Sales preview: Analysts expect the big Memorial Day weekend to have helped boost the...

May Auto Sales preview: Analysts expect the big Memorial Day weekend to have helped boost the monthly U.S. sales tally for automakers to the best level in 6 years as the allure of energy efficient models and easier credit terms helps to motivate buyers. By the numbers, Nissan (NSANY.OB), Volkswagen (VLKAY.PK), and Ford (F) are forecast to see the biggest Y/Y gains - while by segment full-size pickup trucks and compact crossovers are viewed as doing most of the heavy lifting. General Motors (GM) is pegged at a +250K unit month, while Toyota (TM) may have the lost the most market share. On the electric-vehicle front, a pricing war should lift sales a bit at the expense of profitability - while the Tesla Motors (TSLA) juggernaut rolls on.
Comments (11)
  • berylrb
    , contributor
    Comments (2205) | Send Message
     
    Juggernaut - wow that's like a compliment!
    30 May 2013, 12:36 PM Reply Like
  • Michael Bryant
    , contributor
    Comments (5584) | Send Message
     
    Tells you the extreme hype around (TSLA).
    31 May 2013, 12:34 PM Reply Like
  • AlphaCoils
    , contributor
    Comments (312) | Send Message
     
    You think it's a juggernaut now, just wait till 2016-2017!
    30 May 2013, 12:37 PM Reply Like
  • uscpaul
    , contributor
    Comments (41) | Send Message
     
    "......while the Tesla Motors (TSLA) juggernaut rolls on." I love that. It just keeps on rolling and rolling and .....
    30 May 2013, 12:57 PM Reply Like
  • uscpaul
    , contributor
    Comments (41) | Send Message
     
    "......while the Tesla Motors (TSLA) juggernaut rolls on." I love that. It just keeps on rolling and rolling and .....
    30 May 2013, 12:57 PM Reply Like
  • uncle_fweddy
    , contributor
    Comments (60) | Send Message
     
    Supercharger Network to triple by July, enable cross country travel by year's end. Here's another wheel for the juggernaut...let's see, where's that JATO button...?
    30 May 2013, 01:21 PM Reply Like
  • irish_bob
    , contributor
    Comments (454) | Send Message
     
    while im very bullish on the likes of ford , I think Mondays upcoming ( excellent ?) sales figures are likely priced in

     

    up 8% in the past three trading days
    30 May 2013, 06:15 PM Reply Like
  • cbroncos
    , contributor
    Comments (1011) | Send Message
     
    Yes any disappointment and down go the shares. But I really wonder what the Citi folks heard from Ford. Is the loss in Europe less than they thought it would be? Are earnings from China going to be higher?
    30 May 2013, 11:09 PM Reply Like
  • Tdot
    , contributor
    Comments (3907) | Send Message
     
    Pretty sure "everyone" has baked in a $2B loss in Europe for 2013, a couple hundred million in South America, and break-even in China, with terrific results in the US; and a positive outlook in a year or two as Europe and South America restabilize, and Asia starts returning significant profits as the new global vehicles get launched and start selling close to capacity numbers.

     

    Ford wasn't supposed to reach $16 until closer to the end of the year, it is almost unprecedented to have a rise like this in the early summer - usually sort of a down-time for auto sales, heavy with incentives, lower on profits. $16 was a pretty firm ceiling yesterday, but one wonders where things will go as Ford shares start to test new highs and moderate selloffs.

     

    The chart "heads and shoulders" since last August have suggested that $16 is about right as a target this year, just not this soon. The slopes increased starting in April, as buyers seem to be jumping on the bandwagon. At this rate, Ford would be closing on $18 by the end of summer, which seems a bit high with a P/E of 13 or so.

     

    Kind of suggests a leveling-off and perhaps some profit-taking selling through the summer as another "head" forms, and then another shoulder at, say, $14, before resuming the climb. Hopefully Ford's 2Q and 3Q profits will "keep up" with the share price and expectations, or else a major downward correction could be in order.

     

    http://bit.ly/16vbilU
    31 May 2013, 05:55 AM Reply Like
  • irish_bob
    , contributor
    Comments (454) | Send Message
     
    I was in huge in ford ( which I never do long term ) since march so I sold yesterday @ 15.98 , I plan to buy back a slightly lesser amount if we get back to $ 14.50 , would not be surprised if $ 14.90 is the bottom however
    31 May 2013, 09:50 AM Reply Like
  • cbroncos
    , contributor
    Comments (1011) | Send Message
     
    I am long on Ford and have bought in 2 lots. One in August 2011 and another in August 2012 when it dropped below $9.
    2 Jun 2013, 04:27 PM Reply Like
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