Thu, Mar. 19, 1:44 PM
- Class 8 truck orders rose 7% Y/Y to 31.1K in February.
- Sales of Class 5 - Class 7 trucks were up 2% to 19.7K.
- ACT analyst Kenny Vieth says a 2015 build schedule which is flying by quickly means it's unlikely robust growth can be seen beyond April or May.
- Related stocks: PCAR, OTCPK:VOLVY, NAV, CMI, OTCPK:DDAIF.
Wed, Mar. 18, 6:57 AM
- State TV in China has launched its 2nd expose on Volkswagen (OTCQX:VLKAY) of the week.
- The German automaker is accused by CCTV of ignoring consumer complaints of dangerous oil leaks within the engine.
- Last weekend, CCTV's 3.15 consumer rights show hit Volkswagen, Nissan (OTCPK:NSANY), and Mercedes-Benz (OTCPK:DDAIF) over repair and parts pricing.
- Retail analyst Rahul Sharma notes that it's no coincidence the government is also for sales improvement for domestic car brands.
Tue, Mar. 17, 8:14 AM
- Daimler (OTCPK:DDAIF) car registrations +14.1% to 52,267 units in February, according to the European Automobile Manufacturers Association.
- Overall EU registrations +7.3% Y/Y in February, led by double-digit growth in Spain, Italy, and the U.K. YTD registrations +7.0%.
- Daimler market share: 5.5% vs. 5.1% a year ago.
- Daimler YTD registrations +14.5%.
- Results include the Mercedes and Smart brands.
- EAMA release (.pdf)
Fri, Mar. 6, 7:45 AM
- Daimler (OTCPK:DDAIF) will spend $500M to build a new van factory in South Carolina, sources tell the WSJ.
- The facility could be used to manufacture the new Sprinter van the automaker is prepping to roll out.
- State politicians in South Carolina offered Daimler perks to locate the plant in the state.
- Last year, Mercedes-Benz relocated its U.S. office to Atlanta from New Jersey.
- Sales watch: Mercedes-Benz February U.S. sales, Mercedes-Benz January U.S. sales
Wed, Mar. 4, 12:34 PM
- Investors betting on the Chinese automobile market need to factor in how runaway pollution impacts investment potential, warn analysts.
- The air Pollution index in China has hit dangerous levels this week with Beijing registering a 168 today and Nanjing hitting a shockingly high 288 yesterday (extremely unhealthy).
- Other cities with an "unhealthy" reading on air quality include Guangzhou, Nanjing, Maanshan, Chengdu, Chuzhou, Zhenjiang, Yahgzhou, Wuhu, and Hong Kong.
- Reports indicate the Chinese population has become more concerned about the medical ramifications of long-term exposure to pollution.
- Some automobile industry watchers think foreign car manufacturers could benefit at the expense of domestic automakers if the government in China is to take further steps to push low-emission cars and EVs.
- The other side of the equation is the restrictions placed on car sales in certain regions in the nation.
- China auto sales are expected to rise 8.3% this year.
- China-related auto stocks (including JVs): KNDI, OTCQX:VLKAY, GM, F, OTCPK:DDAIF, TSLA, OTCPK:BAMXY, OTCPK:BCAUY, OTCPK:GWLLY, OTCPK:GWLLF, OTCPK:GELYF, OTCPK:GELYY, OTCPK:DNFGF, OTCPK:DNFGY, OTC:HYMLF, CAAS, SORL, OTCPK:BYDDY, OTCPK:BYDDF.
Tue, Mar. 3, 12:58 PM
- Mercedes-Benz (OTCPK:DDAIF) unit sales +3.1% to 25,749.
- Sales growth by Mercedes class: C-Class +25.8% to 7,072; E-Class -44% to 2,409; S-Class -21% to 1,413; M-Class +1.8% to 3,316; GL-Class +6% to 1,849.
- Sprinter sales rose 17.9% to 1,675.
- Smart sales dropped 51% to 458.
- Pre-owned sales increased 9.6% to 8,847.
Mon, Mar. 2, 9:52 AM
- The Geneva Auto Show hits full speed this week with technology a dominant theme.
- European automakers such as Mercedes-Benz (OTCPK:DDAIF) and BMW (OTCPK:BAMXY) are displaying their connected car concept, while Opel (NYSE:GM) is touting the OnStar service.
- The emerging role of Apple and Google in the industry looms as a large factor in the background with top execs seeming uncertain as to what to expect.
- "We have to understand that, and then to find our roles, to which extent they are complementary, to which extent we become dependent, to which extent we are competitors," noted Daimler CEO Dieter Zetsche.
- Audi (OTCQX:VLKAY) looks to steal some thunder from Tesla Motors with its Electric R8 (610 hp, range 280 miles).
- What to watch: Anticipation is high for a presentation by Aston Martin on its future direction. Small UV entrants from Renault (OTC:RNSDF) and Honda (NYSE:HMC) are key introductions. On the ultra high-end, Ferrari (NYSE:FCAU) and McLaren are expected to grab headline for new dream cars.
Tue, Feb. 24, 1:25 PM
- Consumer Reports selects the Tesla Model S as the best overall model with an overall score of 99 on a combined measure of safety, performance, and reliability.
- Though scoring off the charts on performance and equivalent gas mileage, the Model S was only "average" for reliability.
- Other segment winners are listed below.
- Compact car: Subaru Impreza (test score 79).
- Midsize sedan: Subaru Legacy (test score 89).
- Large car: Chevrolet Impala (test score 91).
- Luxury car: Audi A6 (test score 90).
- Green car: Toyota Prius (test score 75).
- Sports sedan: Buick Regal (test score 83).
- Small SUV: Subaru Forester (test score 86).
- Large SUV: Toyota Highlander (test score 84).
- Minivan: Honda Odyssey (test score 84).
- The pickup category was skipped by CR due to the newness of the F-150 and Chevy Colorado launch.
- Automaker stocks: GM, F, TM, HMC, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, OTCPK:MMTOF, TTM, OTCPK:SZKMY, OTCPK:FUJHY, OTCPK:GELYF, FCAU, OTCPK:NSANY, OTCPK:DDAIF, OTCPK:MZDAY, TSLA.
Mon, Feb. 23, 7:34 AM
Tue, Feb. 17, 10:14 AM
- Daimler (OTCPK:DDAIF) car registrations +14.8% to 58,350 units in January, according to the European Automobile Manufacturers Association.
- Overall EU registrations +6.7% Y/Y, led by strong growth in Spain and Italy.
- Daimler market share: 5.7% vs. 5.2% a year ago.
- Results include the Mercedes and Smart brands.
- EAMA release (.pdf)
Sat, Feb. 14, 10:53 AM
- The automobile industry was jolted yesterday by reports on Apple developing its own electric vehicle.
- Though the development has the potential to be disruptive for EV automakers, the impact could be even larger for companies betting on fuel cells if the $740B Cupertino giant takes a strong position in the EV vs. hydrogen debate through a partnership or vehicle introduction.
- Shares of Tesla Motors only showed a mild reaction to the Apple reports yesterday during the regular session and AH trading.
- Toyota is the company out in front on FCV development with the Mirai debuting in many markets this year. The automaker audaciously calls the model the "turning point" in automotive history.
- In regard to Apple, by most appearances, Toyota has been slow-playing the integration of Apple's CarPlay into future platforms.
- Related: The electric vs. hydrogen debate just got interesting (Jan. 15 2015)
- Related: Fuel cell development in Japan to gear up before 2020 Olympics (Jan. 20 2015)
- Related: Millennials have the steering wheel now (Jan. 31 2015)
- Related: Apple car project is for real, and it's a minivan (Feb. 13 2015)
- Automobile industy stocks: GM, F, TM, HMC, OTCPK:NSANY, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, OTCPK:MMTOF, TTM, OTCPK:SZKMY, OTCPK:FUJHY, OTCPK:GELYF, FCAU, BLDP, KNDI.
Thu, Feb. 12, 2:42 PM| Thu, Feb. 12, 2:42 PM | Comment!
Thu, Feb. 12, 10:53 AM
- TrueCar projects automakers that advertised during the Super Bowl saw a meaningful sales lift.
- Despite the high cost of the in-game spots (~$4.5M), automotive ads performed well this year based on tracking of sales following the game.
- Projected SB market share boosts: Nissan (OTCPK:NSANY) +40 bps, Kia (OTC:HYMLF) +30 bps, Mercedes-Benz (OTCPK:DDAIF) +20 bps, Jeep (NYSE:FCAU) +10 bps.
- Analysis from TrueCar indicates Super Bowl marketing spending was much more effective than untargeted incentive spending.
- The development could be a boost for CBS (NYSE:CBS) which has the TV rights to the game next year.
Mon, Feb. 9, 7:48 AM
Tue, Feb. 3, 7:41 PM
- Automakers turned in an impressive U.S. sales tally for January with majors GM, Ford, Fiat Chrysler Automobiles, Honda, and Toyota all with double-digit sales growth.
- The gains weren't top-heavy as Subaru (+24%), Audi (+14%), Mitsubishi Motors (+33%), and even Porsche (+27%) all big gainers.
- Sales of lights trucks and SUVs rose 19.3% during the month, according to Autodesk.
- Average transaction prices were up 5.2% Y/Y on average, estimates Kelley Blue Book. GM and Ford both benefited on their ATP through a higher mix of SUVs and trucks.
- It wasn't a spectacular month for electric vehicle sales with demand for the Nissan Leaf falling off and the Tesla Model S an insignificant factor in the U.S. total.
- High-level automobile execs attributed the strong demand in part to the $2 gas price level seen across the U.S.
- Automaker stocks: GM, F, TM, HMC, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, OTCPK:MMTOF, TTM, OTCPK:MMTOF, OTCPK:SZKMY, OTCPK:FUJHY, OTCPK:GELYF, FCAU, OTCPK:NSANY, OTCPK:DDAIF.
Tue, Feb. 3, 2:29 PM
- Mercedes-Benz (OTCPK:DDAIF) unit sales +8.9% to 24,619.
- Sales growth by Mercedes class: C-Class +8.5% to 6,236; E-Class -17.7% to 4,336; S-Class +22.2% to 1,566; M-Class +11.3% to 3,144; GL-Class +37.6% to 2,121.
- Sprinter sales rose 16.8% to 1,505.
- Smart sales fell 5.6% to 492.
- Pre-owned sales increased 13.9% to 9,456.
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