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Dec. 1, 2015, 2:12 PM
- BMW (OTCPK:BAMXY) unit sales +1.2% to 36,447 units.
- Sales growth by brand: BMW +1.2% to 32,003; Mini -11% to 4,444 units.
- BMW passenger car sales fell off 17% to 21,067 units.
- Demand was strong for the BMW X5 and X6 models during the month.
- YTD BMW sales +4.9% to 364,903 units.
Nov. 24, 2015, 2:06 PM
- TrueCar forecasts new automobile sales will rise 3.9% Y/Y in November to 1,352,500 units. That level of sales would set a record for November.
- Black Friday promotions are anticipated to boost sales volume at the end of the month. Several automakers are already advertising specials for the post-Thanksgiving weekend.
- Sales growth projections by manufacturer: BMW (OTCPK:BAMXY) -0.2% to 36K, Daimler (OTCPK:DDAIF) +0.5% to 38.1K, Fiat Chrysler Automobiles (NYSE:FCAU) +4.1% to 179.1K, Ford (NYSE:F) +4.2% to 194.1K, General Motors (NYSE:GM) +5.7% to 238.6K, Honda (NYSE:HMC) +0.4% to 122.3K, Hyundai (OTC:HYMLF) +6.2% to 57K, Kia +0.6% to 45.2K, Nissan (OTCPK:NSANY) +4.1% to 107.4M, Subaru (OTCPK:FUJHY) -1.7% to 44.5K, Toyota (NYSE:TM) +4.2% to 191K, Volkswagen (OTCQX:VLKAY) +1.3% to 54.2K.
Nov. 24, 2015, 8:36 AM
- Tesla Motors (NASDAQ:TSLA) disclosed it will sell a base version of the Model X for as low as $80K when sales ramp up in 2016.
- The lower-price option is for the 70D battery pack with a 220 mile range and top speed of 140 mph vs. the pricier 90D with the 90-kWh battery and top speed of 155 mph.
- Federal tax credits and state rebates could lower the net cost for buyers, while customized add-ons work the other way.
- The pricing of the Model X is being closely watched by German automakers (OTCPK:DDAIF, OTCQX:VLKAY, OTCPK:BAMXY).
- Model X pricing and spec
Nov. 18, 2015, 5:16 AM
- Ford (NYSE:F) is set to unveil the latest version of its luxury car the Lincoln MKZ at the Los Angeles Auto Show later today.
- The 2017 MKZ features a new grille design, a three-liter turbo-charged engine, 400 horsepower vs 300 HP on the current model, and an all-wheel drive system.
- Ford has also installed a new interior look and will offer optional crash-avoidance technology and a feature that will automatically slow and accelerate the car in traffic.
- The MKZ competes with GM's (NYSE:GM) Cadillac ATS, BMW's (OTCPK:BAMXF) 3-series, Daimler's (OTCPK:DDAIF) Mercedes-Benz C-Class and Audi's (OTCQX:VLKAF) A4 in the $36,000-$50,000 price category.
Nov. 17, 2015, 7:51 AM
- BMW (OTCPK:BAMXY) car registrations +13.4% to 76,774 units in October, according to the European Automobile Manufacturers Association.
- Overall EU registrations +2.9% Y/Y to 1,394,223 units in October, led by strong demand in Italy and Spain. Registrations in Germany and France were up 1%.
- BMW market share: 6.9% vs. 6.3% a year ago.
- BMW YTD registrations +12.1%.
- Results include the BMW and Mini brands.
- EAMA release (.pdf)
Nov. 11, 2015, 10:50 AM
- A reduction by Beijing in new car taxes helped lift deliveries by 13% to 1.94M units in October, according to data from the China Association of Automobile Manufacturers. The strong month follows a mild 3.3% gain in September and three months of negative sales growth over the summer.
- Domestic automakers once again increased sales at a faster clip than global sellers, although General Motors (NYSE:GM), Toyota (NYSE:TM), Nissan (OTCPK:NSANY), and Ford (NYSE:F) all reported strong numbers.
- SUV sales were up 61% Y/Y in a positive sign for profitability.
- The tax cut, which went into effect on October 1, is forecast to help drive sales growth over the next few months.
- Related automaker/supplier stocks: OTC:CQCAF, OTCPK:GWLLF, OTCPK:GWLLY, OTCPK:GELYF, OTCPK:GELYY, OTCPK:BYDDY, OTCPK:BYDDF, OTCPK:DDAIF, OTCQX:VLKAY, OTCPK:BAMXY, KNDI, OTCPK:GWLLY, OTCPK:GWLLF, OTCPK:GELYF, OTCPK:GELYY, OTCPK:DNFGF, OTCPK:DNFGY, OTC:HYMLF, CAAS, SORL, OTCPK:BCAUF, OTCPK:BCAUY, OTCPK:JTEKY, OTC:JTEKF.
Nov. 11, 2015, 7:21 AM
- BMW (OTCPK:BAMXY) reports global deliveries increased 4.0% to 191,651 units in October.
- The automaker says it's continuing to see double-digit growth in Europe on broad strength.
- Sales of the all-electric i3 were up 6.2% to 2,553 units.
- Growth by brand: BMW +6.3% to 164,915 units; Mini +8.5% to 26,392 units; BMW Motorrad +4.3% to 9,211 units.
- BMW YTD sales +7.1% to 1,836,464 units.
Nov. 10, 2015, 8:27 AM
- Volkswagen (OTCQX:VLKAY) is the only automaker found by the California Air Resources Board to have used a cheat device, according to German publication Wirtschaftswoche.
- The determination is positive for Daimler (OTCPK:DDAIF) and BMW (OTCPK:BAMXY) which were rolled under the VW bus when the scandal first broke.
- German article
Nov. 9, 2015, 7:10 AM| Nov. 9, 2015, 7:10 AM | 1 Comment
Nov. 3, 2015, 12:50 PM| Nov. 3, 2015, 12:50 PM
Oct. 31, 2015, 12:51 PM
- The European Automobile Manufacturers Association issued a statement this week in which it forecasts that a "substantial number" of diesel models will have to be phased out earlier than anticipated.
- The harsh assessment was mirrored by several heavyweight CEOs at the Tokyo Motor Show. The major focus of the event has been next-gen concepts like hydrogen-powered cars and self-driving features, while execs such as Nissan's Carlos Ghosn have marginalized the future of diesel.
- Many automobile industry insiders have noted that diesel was in decline due to the focus on emissions even before Volkswagen (OTCQX:VLKAY) rocked the industry with a cheating scandal.
- The mix of technology, EV, hydrogen, and powertrain changes have kept analysts buzzing over the proper valuations to assign to major players. A reset of demand expectations in China also factors in significantly.
- Automobile industry stocks: DAN, BWA, MTOR, TRW, FDML, DLPH,GNTX, SMP, AXL, MPAA, ALV, MOD, DLPH, VC, THRM, WPRT, GM, F, TM, FCAU, HMC, OTCPK:NSANY, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, TTM, TSLA, THRM, BWA, JCI, TEN, CPS, LDL, TOWR, OTCPK:PEUGF, OTC:RNSDF, OTCPK:RNLSY.
- Previously: Hydrogen and self-driving cars the talk at the Toyota Motor Show (Oct. 29)
Oct. 29, 2015, 10:03 PM
- BMW (OTCPK:BAMXY) says it will introduce the 740Li sedan sometime after 2020 after compressed hydrogen technology is worked out. The top fuel cell exec at the German automaker says the driving range of the hydrogen-powered car will top the 435 mile range of the Toyota Mirai.
- Honda (NYSE:HMC) is receiving high marks after giving a sneak peek at the Clarity fuel cell sedan. Car and Driver and Wired both issued positive reviews after brief looks at the car. The automaker will roll out the Clarity FCV next year in select markets in Japan.
- Nissan (OTCPK:NSANY) showed off the futuristic IDS Concept EV which will incorporate advanced autonomous driving features. The preview was one of the most detailed looks at how a self-driving mode could be used in the industry. Nissan also made it clear that it's setting a very high target on driving range.
- Toyota (NYSE:TM) weighed in on the sustainable future of hydrogen. The company says the FCV Plus will be able to generate electricity from hydrogen stored outside the vehicle.
- Though the buzz on hydrogen was positive out of Tokyo, questions on infrastructure and costs still need to be worked out.
- Details on the Tokyo Motor Show
Oct. 26, 2015, 12:26 PM
- A reading of the business climate in Germany came in ahead of the forecast of economists.
- The Ifo economic business climate index for October was 108.2 vs. 107.8 expected and 108.5 in September.
- The stable view by German business managers indicates the impact of the Volkswagen emissions scandal on the broad German economy may be less than feared.
- Ifo Institute: "Indeed the Volkswagen scandal has had no impact on the German automotive industry. The climate index for the automotive sector even continued to rise this month."
- Related ETFs: EWG, GF, DAX, DXGE, HEWG, DBGR, FGM, QDEU.
- Related stocks: OTCQX:VLKAY, OTCPK:BAMXY, OTCPK:DDAIF.
Oct. 26, 2015, 7:04 AM
Oct. 21, 2015, 10:20 AM
- Automobile stocks are largely higher after General Motors (NYSE:GM) reports record profit for Q3.
- GM is leading the pack with a 4% gain - while Daimler (OTCPK:DDAIF +2.6%), Honda (HMC +2.5%), Toyota (TM +1.7%), Nissan (OTCPK:NSANY +1.6%), Ford (F +0.9%), and BMW (OTCPK:BAMXY +1%) are all ahead of market indexes. Even Volkswagen (OTCQX:VLKAY) is clawing itself back with a 2.1% increase.
- The two laggards are Fiat Chrysler Automobiles FCAU which is down 2.9% and Tesla Motors (TSLA -0.8%). Fiat was hit with a negative EU tax ruling and has the Ferrari (NYSE:RACE) IPO stealing some of its thunder, while Tesla Motors is still stinging from a Consumer Reports jab yesterday.
Oct. 16, 2015, 7:48 AM
- BMW (OTCPK:BAMXY) car registrations +17.1% to 103,642 units in September, according to the European Automobile Manufacturers Association.
- Overall EU registrations +9.8% Y/Y to 1,394,223 units in September led by double-digit demand growth in France, the UK, and Italy.
- BMW market share: 7.4% vs. 7.0% a year ago. BMW YTD registrations +12.3%.
- Results include the BMW and Mini brands.
- EAMA release (.pdf)
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