Wed, Mar. 16, 10:23 AM
- The percentage of BMW (OTCPK:BAMXY) vehicles either leased or financed went to 46.3% in 2015 from a level of 41.8% just a year prior, observes Bloomberg Gadfly. A massive jump for a short time period.
- Though the company isn't suffering from some of the delinquency issues that are picking up in the automobile industry (see subprime concerns for lenders, auto retailers, and Detroit majors), there could be implications down the road as a glut of vehicles come off their leases.
- Across the industry, vehicle leasing as a percentage of sales rose to 32.3% in February vs. the average of 28% in 2015. That's a development that could add to pricing pressure down the road for high-end and mass market brands as a higher percentage of vehicles come off their leases.
- Related stocks: PAG, ABG, LAD, GPI, SAH, KMX, AN, RUSHA, OTCPK:DDAIF, TM, HMC, TSLA, TTM, OTCPK:VLKAY, GM, F.
Wed, Mar. 16, 7:33 AM
- BMW (OTCPK:BAMXY) car registrations +13.9% to 67,580 units in February, according to the European Automobile Manufacturers Association.
- Overall EU registrations +14.3 Y/Y to 1,056,902 units in February, led by double-digit growth in Italy and Spain. Registrations in Germany were up 7.8%.
- BMW market share: 6.2% vs. 6.2% a year ago.
- BMW YTD registrations +9.1%.
- Results include the BMW and Mini brands.
- EAMA release (.pdf)
Mon, Mar. 7, 8:18 AM
- BMW (OTCPK:BAMXY) unveils its self-driving concept car called the Vision Next 100 today at an event in Munich. The car features a driver-controlled mode and full vehicle-controlled option.
- The Vision Next 100 will be showcased on a world tour that includes stops in China and the U.S.
- The automaker says the "highly customized" autonomous model will be much more than an anonymous transport machine.
Thu, Mar. 3, 10:51 AM
- The Geneva International Motor Show is feeling a large electric jolt after the Volkswagen (OTCPK:VLKAY) emissions cheating scandal turned a spotlight on the diesel industry.
- Automakers pushing their new EV models or plans include Opel (NYSE:GM), Mercedes-Benz (OTCPK:DDAIF), PSA Peugeot Citroen (OTCPK:PEUGF, OTCPK:PUGOY), BMW (OTCPK:BAMXY), Hyundai (OTC:HYMLF), and Honda (NYSE:HMC). Even Volkswagen is talking at the event about its all-electric push.
- Behind the scenes, heavyweight industry execs are asking for government help with incentives and charging infrastructure to boost EV demand on the continent. Pure electric sales decelerated during January in Western Europe after some strong months in 2015.
- The developments in Geneva could be considered positive for Tesla Motors (NASDAQ:TSLA) on the demand side or negative if the increased level of global competition is taken into account. In Palo Alto, the focus is on the Model 3 unveiling set for March 31, while the usual long vs. short (Nasdaq short interest report, Citron) battle plays out in the market.
Tue, Mar. 1, 1:16 PM
Tue, Feb. 16, 10:01 AM
- BMW (OTCPK:BAMXY) car registrations +4.8% to 66,154 units in January according to the European Automobile Manufacturers Association. Registrations for the BMW brand were up 5.8%.
- Overall EU registrations +6.2% Y/Y to 1,061,150 units in January, led by strong demand in Italy and Spain. Positive registration growth was also recorded in Germany, France, and the U.K.
- BMW market share: 6.0% vs. 6.1% a year ago.
- Results include the BMW and Mini brands.
- EAMA release (.pdf)
Wed, Feb. 10, 9:34 AM
Mon, Jan. 18, 10:29 AM
- European car registrations rose 16.6% in December to 1,109,927 units.
- Registrations for 2015 ended 9.3% higher at 13,713,526 units. A strong recovery in Spain and Italy contributed significantly, while volume leader Germany saw a steady gain of 5.6% amid a challenging year in the domestic market.
- 2015 European market share by manufacturer: Volkwagen Group (OTCPK:VLKAY) 24.8%, Peugeot (OTCPK:PEUGF) 10.4%, Renault (OTC:RNSDF) 9.6%, Ford (NYSE:F) 7.2%, Opel (NYSE:GM) 6.7%, BMW (OTCPK:BAMXY) 6.6%, Fiat Chrysler (NYSE:FCAU) 6.1%, Daimler (OTCPK:DDAIF) 5.9%, Toyota (NYSE:TM) 4.3%, Nissan (OTCPK:NSANY) 3.9%, Hyundai (OTC:HYMLF) 3.3%, Kia (OTC:HYMLF) 2.7%, Volvo (OTCPK:GELYF) 2.0%, Mazda (OTCPK:MZDAY) 1.5%, Suzuki (OTCPK:SZKMY) 1.3%, Jaguar Land Rover (NYSE:TTM) 1.3%.
Tue, Jan. 12, 4:41 AM
- Automobile sales in China rose 4.7% to 24.6M units last year to mark the slowest pace of sales growth since 2012, according to data from the China Association of Automobile Manufacturers.
- A sizable tax cut from Beijing during the last quarter wasn't enough to help lift sales past the growth rate seen in the bustling U.S. auto market.
- General Motors (NYSE:GM) and Ford outpaced major domestic automakers in China through their local joint ventures.
- Related automaker stocks: OTC:CQCAF, OTCPK:GWLLF, OTCPK:GWLLY, OTCPK:GELYF, OTCPK:GELYY, OTCPK:BYDDY, OTCPK:BYDDF, KNDI, OTCPK:DNFGY, OTCPK:DNFGF, OTCPK:DDAIF, OTCPK:VLKAY, OTCPK:BAMXY.
Tue, Jan. 5, 1:21 PM
Tue, Jan. 5, 10:58 AM
- Faraday Future unveiled its concept car last night at CES in front of automobile industry watchers and key investors. The FF Zero 1 concept vehicle resembled the Batmobile more than anything on the market today.
- The presentation by Faraday played up the variable architecture platform it plans to use that will be scalable to different drivetrain types. The company also said it aims for a complete "rethink" of what mobility means in the automobile industry.
- Chinese investor-backed Faraday aims to start producing pure EVs in 2017 out of a manufacturing facility near Las Vegas. If the company can bridge the large gap between concept and production reality it is seen as a potential challenger to Tesla Motors (NASDAQ:TSLA) and BMW (OTCPK:BAMXY) from which Faraday has hired some key engineers.
- Faraday FFZERO1 video
- Previously: Faraway dreams for EV startup Faraday Future (Dec. 10 2015)
- Previously: Faraday Future aims to make a splash at CES (Dec. 31 2015)
- Previously: Faraday Future loses top battery designer (Jan. 04 2016)
Dec. 28, 2015, 1:13 PM
- European car registrations rose 13.7% in November to 1,085,259 units.
- Registrations growth by manufacturer: Volkwagen Group (OTCPK:VLKAY) +4.1% to 263,797 units; Peugeot (OTCPK:PEUGF) +13.6% to 112,327 units; Renault (OTC:RNSDF) +14.7% to 106,166 units; Ford (NYSE:F) +20.5% to 76,193 units; Opel (NYSE:GM) +18.3% to 74,269 units; BMW (OTCPK:BAMXY) +10.1% to 72,871 units; Fiat Chrysler (NYSE:FCAU) +18.6% to 67,088 units; Daimler (OTCPK:DDAIF) +22.8% to 67,444 units; Toyota (NYSE:TM) +6.1% to 45,464 units; Nissan (OTCPK:NSANY) +5.4% to 37,699 units; Mazda (OTCPK:MZDAY) +38% to 15,641 units.
- For the year, the automakers increasing their market share the most have been Fiat Chrysler (+30 bps to 6.3%), Daimler (+40 bps to 5.8%), and Nissan (+30 bps to 4.0%).
Dec. 22, 2015, 3:32 PM
- TrueCar forecasts new automobile sales will increase 12.8% Y/Y in December to 1,699,600 units.
- A boost in end-of-year promotional activity and macroeconomic factors helped spur sales, according to the research firm. The average incentive per unit is forecast to be up 3.9% Y/Y to $3,063 with Volkswagen and Hyundai firing off the largest increases.
- Sales growth projections by manufacturer: BMW (OTCPK:BAMXY) +8.7% to 52.4, Daimler (OTCPK:DDAIF) +16.3% to 44.5K, Fiat Chrysler Automobiles (NYSE:FCAU) +19.8% to 233.3K, Ford (NYSE:F) +9.1% to 239.3K, General Motors (NYSE:GM) +12.1% to 307.7K, Honda (NYSE:HMC) +10.5% to 151.7K, Hyundai (OTC:HYMLF) +13.8% to 73.4K, Kia +29% to 58.8K, Nissan (OTCPK:NSANY) +17.9% to 138.3K, Subaru (OTCPK:FUJHY) +4.2% to 52K, Toyota (NYSE:TM) +11.3% to 239.4K, Volkswagen (OTCPK:VLKAY) -8.6% to 52.2K.
Dec. 21, 2015, 9:24 PM
- Nissan (OTCPK:NSANY) and BMW (OTCPK:BAMXY) have added 120 electric vehicle charging stations in the U.S. through a joint partnership.
- The fast-charging stations are being set up to support the BMW i3 and Nissan Leaf.
- Both automakers have smartphone apps to help drivers find the closest charging station.
Dec. 16, 2015, 4:20 PM
- Proposed rules in California would require drivers in the state to apply for a special driver's license before being allowed to use an autonomous car.
- The self-driving car would also go through an independent test before being set free on the road.
- Self-driving cars will only be available for lease if the proposed regulations are approved.
- Controversial issues with where insurance liability will fall are still being hashed out.
- Most automakers are dabbling with self-driving cars or autonomous features, while Alphabet has the most advanced program. However, by the looks of it the Alphabet concept vehicle could have trouble with the California DMV standards.
- Previously: Ford wins permit for public testing of self-driving cars (Dec. 15 2015)
- Related stocks: GM, F, FCAU, TSLA, HMC, TM, OTCPK:NSANY, OTCPK:BAMXY, OTCPK:DDAIF.
Dec. 10, 2015, 9:44 AM
- Faraday Future is looking to set up shop in Las Vegas with a giant electric car manufacturing plant. Negotiations with Nevada politicians are on tap.
- The company has been positioning itself to enter the EV market in 2017 and will unveil a prototype next month at the CES in Vegas.
- Faraday, which is backed by Chinese investor Yueting Jia, has offices in the U.S., China, and Germany. Curiously, the company hasn't named a CEO yet.
- Though Faraday operates in stealth mode, most industry watchers think it aims to compete with Tesla Motors (NASDAQ:TSLA) and BMW (OTCPK:BAMXY). The question on if Faraday will ever produce at a mass market level or be a niche player could take years to answer.
Sector: Consumer Goods
Industry: Trucks & Other Vehicles
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