Yesterday, 2:41 PM
- There's almost no chance that the automobile industry won't be a major talking point during the U.S. presidential election campaign which adds a layer of uncertainty for investors in the sector.
- While the ramifications of the Trans-Pacific Partnership and Donald Trump's plan to add tariffs on foreign car makers and auto parts suppliers are already being debated, it's the union workers who may be the target of the most discussion in the next few months with Michigan, Ohio, and Pennsylvania considered critical battleground stocks.
- The United Auto Workers endorsed Hillary Clinton and expects her to renegotiate the North American Free Trade Agreement to help land stronger unions in Mexico, while Trump has taken a more populist route of promising to add tariffs on Ford for cars built in Mexico. He's also hammering home that he will force better trade deals, but is walking a tightrope with some Rust Belt voters after suggesting that local plants should be closed and moved to states with lower wages.
- Most analysts think it's more likely that the $7,500 electric vehicle tax credit will expire if Trump wins the election than if Clinton ascends to the White House. The EPA and some its regulations are also sure to get a hard look.
- Investors are looking for a breakout after the dust settles, with the Detroit Three all trailing the S&P 500 Index return for the year.
- Related stocks: GM, FCAU, F, TM, HMC, OTCPK:NSANY, OTCPK:VLKAY, OTCPK:BMWYY, OTCPK:DDAIF, TSLA, OTCPK:MZDAY, TSLA, OTC:HYMLF, OTCPK:FUJHY.
Sat, Jul. 23, 1:18 PM
- The Japanese government and the European Commission are working together to connect their global positioning systems in a coordinated effort to clear a path for autonomous vehicles.
- By linking Japan's Quasi-Zenith Satellite System and EU's Galileo satellite network the margin of error of the combined system will be improved dramatically.
- The development could be positive for Japanese automakers (OTCPK:NSANY, TM, HMC, OTCPK:MZDAY, OTCPK:SZKMY, OTCPK:FUJHY, OTCPK:MMTOF) and suppliers such as Mitsubishi Electric (OTC:MIELF, OTCPK:MIELY), Hitachi (OTCPK:HTHIF) and NTT Data (OTC:NTTDF).
Tue, Jul. 12, 12:14 PM
- LMC Automotive revises its forecast on U.S. automobile sales for the period from 2016 to 2023.
- The research firm cuts its estimate for 2016 to 17.4M units from 17.7M units, with the level of retail sales being adjusted to 14.3M units from 14.0M units.
- "Our latest forecast now reflects the reality that the growth track that the US market has been on since 2009 has stalled and appears to be levelling off, but it does not necessarily signal that further contractions or an automotive recession is imminent," says LMC's Jeff Schuster.
- The extended forecast is for a slow climb to an annual selling level of 18M in 2021.
- LMC Automotive forecast (.pdf)
- Related stocks: GM, F, FCAU, TSLA, TM, HMC, OTCPK:NSANY, OTCPK:FUJHY, OTCPK:BAMXY, OTCPK:DDAIF, OTC:HYMLF, HMC, TTM.
Wed, Jul. 6, 9:28 AM
- It's another shocking breach of trust in the automobile sector after PSA Group (OTCPK:PEUGF, OTC:PUGOF, OTC:PUGOF) confirms that advertised fuel economy ratings on Peugeot and Citroen models don't match up with reality (off by 44% on average). Bloomberg reports that it's the first time a major automaker has confirmed a discrepancy between lab results and actual road tests across a broad range of cars.
- Official PSA lab results
- Recent failures in the automobile industry include inflated mileage claims from the South Korean automakers, the Takata disaster which deeply impacted Japanese cars, GM's costly ignition switch recall, and the topper in terms of subterfuge - Volkswagen's emissions cheating saga.
- Some automobile industry analysts have suggested that buyers are scandal-weary and are unlikely to factor in the reputation hits in their buying decisions.
- Related stocks: GM, FCAU, F, TM, HMC, OTCPK:NSANY, OTCPK:VLKAY, OTCPK:BAMXY, OTCPK:DDAIF, TSLA, OTCPK:MZDAY, OTCPK:FUJHY, OTCPK:SZKMY, TSLA, OTCPK:MMTOF, OTC:HYMLF.
Tue, Jul. 5, 9:47 AM
- U.S. auto sales may have plateaued in June by volume, but pricing and mix remained favorable for some manufactures. TrueCar reports automakers increased revenue by $3.5B during June, led by the crossover segment.
- Average transaction prices were estimated to have risen 1.9% Y/Y, although the ratio of incentive spending to ATP was stretched to 9.5% from 8.9% a year ago. Fiat Chrysler Automobiles (NYSE:FCAU) had the highest incentive spending to ATP ratio of major automakers with a 12.3% mark, while Subaru (OTCPK:FUJHY) was the leanest at 2.3%. All the major automakers ended the month with a higher ATP, except South Korean manufacturers Kia and Hyundai (OTC:HYMLF).
- "The hefty year-over-year increases are narrowing, which is expected after this unprecedented long stretch of gains," says AutoTrader.com analyst Michelle Krebs.
Fri, Jul. 1, 6:11 PM
- A series of record-June announcements from automakers today added up to U.S. auto sales marking an overall record for the first six months of the year.
- Sales were up 1.5% to 8.65M units vs. a year-ago 8.5M. June sales rose 2.5% to make up for a May disappointment.
- Most automakers posted gains -- including Ford Motor (F +1.2%), Fiat Chrysler (FCAU +2%), Nissan (OTCPK:NSANY +0.5%), Honda (HMC -0.8%), Hyundai (OTC:HYMLF) and Subaru (OTCPK:FUJHY -1.7%) -- and many set records. Meanwhile, Volkswagen (OTCPK:VLKAY +3.4%), Toyota (TM -0.4%) and General Motors (GM +2.1%) saw declines.
- Overall sales are starting to flatten out after six years of growth, but low gas prices and interest rates are presaging that automakers can hold this level of success for some time.
Fri, Jul. 1, 1:56 PM
- Subaru (OTCPK:FUJHY -1.6%) U.S. unit sales rose 5.1% to a June-record 46,598 vehicles and the company posted its 55th straight month of M/M gains.
- Outback, WRX/STI and Crosstrek marked their best June ever. The company has sold 10,000 Outbacks for the 28th straight month, and 10,000 Foresters for the 35th straight month.
- By model: Forester -14.4% to 12,029; Impreza -1.4% to 4,994; WRX/STI +44.5% to 3,130; Legacy +11% to 5,023; Outback +23% to 13,417; BRZ -36.9% to 347; Crosstrek +8.5% to 7,658.
- YTD Subaru U.S. sales are up 2.6% to 279,458 vehicles.
Wed, Jun. 1, 12:13 PM| Wed, Jun. 1, 12:13 PM
Thu, May 26, 1:20 PM
- U.S. auto sales are expected to show a decline in May. Major factors contributing to the drop will be the two fewer selling days in the month and GM's decision to cut back on rental sales. Kelley Blue Book predicts a 6.2% drop, while TrueCar estimates a 4.0% tail-off.
- Nissan and Subaru are the only automakers seen by KBB showing a gain during the month with new model introductions in play.
- Kelley Blue Book April U.S. auto sales forecast: General Motors (NYSE:GM) -12.0% to 258K, Ford (NYSE:F) -6.8% to 233K, Toyota (NYSE:TM) -8.1% to 223K, Fiat Chrysler (NYSE:FCAU) -2.1% to 198K, Honda (NYSE:HMC) -1.0% to 153K, Nissan (OTCPK:NSANY) +0.2% to 135K, Hyundai/Kia (OTC:HYMLF) -8.8% to 155K, Subaru (OTCPK:FUJHY) +0.9% to 50K, Volkswagen -13.8% to 49.5K.
Fri, May 20, 1:43 PM
Thu, May 12, 12:51 PM
- Fuji Heavy Industries (OTCPK:FUJHY, OTCPK:FUJHF) announces that it will officially change its name to Subaru Corporation beginning on April 1, 2017. The decision was based in part on a desire by the company to increase the recognition of the Subaru brand.
- The move is interesting as it follows very closely on Nissan's investment in Mitsubishi.
- Another wildcard in the mix is that Toyota (NYSE:TM) owns a 16.5% stake in Fuji Heavy Industries.
- Fuji Heavy Industries PR
Tue, May 3, 12:06 PM
Fri, Apr. 1, 1:14 PM
Tue, Mar. 29, 7:48 AM
- Kelley Blue Book forecasts new car sales in the U.S. will increase 8% Y/Y in March to 1.66M units. Two extra selling days in March will factor into the year-over-year comparisons. In a bit of a warning, the research firm notes that incentive spending is on the rise in the industry.
- Forecasts by major manufacturers are posted below.
- General Motors (NYSE:GM): +5.7% Y/Y to 264K units, market share of 15.9%.
- Ford (NYSE:F): +9.5% to 257K, market share of 15.5%.
- Toyota (NYSE:TM): +5.8% to 239K units, market share 14.4%.
- Fiat Chrysler Automobiles (NYSE:FCAU): +14.1% to 225K units, market share of 13.6%.
- Nissan (OTCPK:NSANY): +9.6% to 159K units, market share 9.6%.
- Honda (NYSE:HMC): +13.2% to 143K units, market share 8.6%.
- Hyundai/Kia (OTC:HYMLF): -3.6% to 129K, market share 7.8%.
- Subaru (OTCPK:FUJHY): +7.9% to 53K, market share 3.2%.
- Volkswagen/Audi (OTCPK:VLKAY): -10.5% to 46K, market share 2.8%.
Tue, Mar. 1, 12:53 PM
Tue, Feb. 23, 3:24 PM
- Consumer Reports is out with its list of best 2016 cars.
- Best subcompact car: Honda Fit (NYSE:HMC)
- Best compact car: Subaru Impreza (OTCPK:FUJHY)
- Best midsized car: Toyota Camry (NYSE:TM)
- Best small SUV: Subaru Forester
- Best luxury SUV: Lexus RX
- Best sports car (sub-$40K): Mazda MX-5 Miata (OTCPK:MZDAY)
- Best large car: Chevrolet Impala (NYSE:GM)
- Best midsized SUV: Kia Sorento (OTC:HYMLF)
- Best pickup truck: Ford F-150 (NYSE:F)
- Best minivan: Toyota Sienna
- Audi (OTCPK:VLKAY) won the award for top overall brand, while Fiat (NYSE:FCAU) came in last. Ford was selected as the top U.S. brand and Buick surprised with a strong 7th place ranking.
- The Tesla Model S (NASDAQ:TSLA) didn't get a chance to three-peat as the best overall car after CR pulled the award.
Fuji Heavy Industries is engaged in the manufacture, repair and sale of automobiles, industrial equipment, airplanes and aerospace-related equipment, and various other machinery. Co.'s automobiles and industrial equipment are sold under Subaru brand and Robin brand. Co.'s principal products are... More
Sector: Consumer Goods
Industry: Trucks & Other Vehicles
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