Toyota Motor CorporationNYSE
Today, 3:17 PM
- Toyota (TM -0.3%) is investing in U.S.-based car-sharing startup GetAround in a funding round with some Japanese-based asset managers, according to Nikkei.
- The funding amount is believed to be $10M. Prior investors in GetAround include Marissa Mayer, Ashton Kutcher and Menlo Ventures.
- GetAround lets car owners share their vehicle for income through a peer-to-peer network. Advertised cars on the firm's website include a Tesla Model S, Mini Cooper and BMW Z4.
- GetAround already has about 300K active users in the U.S.
Yesterday, 12:41 PM
- TrueCar estimates new U.S. vehicles sales will fall 6.6% in October to 1.36M units.
- The forecast doesn't adjust for the two fewer selling days in the period this year. Hurricane Matthew was also a negative factor on sales during the month.
- Rather suddenly, one of the more common words in the automobile sector in relation to sales growth has been "plateau" or variations of the noun. "As retail demand plateaus automakers will be forced to make the critical decision to cut vehicle production or increase incentives,' notes TrueCar analyst Eric Lyman.
- Incentive spending is forecast to increase 16% Y/Y during October.
- TrueCar's sales forecasts by automaker are posted below.
- BMW (OTCPK:BMWYY) -10.7% to 30K units, market share 2.2% vs. 2.1% last month.
- Daimler (OTCPK:DDAIF) +0.1% to 32.5K units, market share 2.4% vs. 2.3% last month.
- FCA (NYSE:FCAU) -11.0% to 175K units, market share 12.9% vs. 13.5% last month.
- Ford (NYSE:F) -9.9% to 192K units, market share 14.1% vs. 14.2% last month.
- General Motors (NYSE:GM) -8.9% to 239.5K units, market share 17.6% vs. 17.4% last month.
- Honda (NYSE:HMC) -2.8% to 128K units, market share 9.4% vs. 9.3% last month.
- Hyundai (OTC:HYMLF) -7.0% to 55.8K units, market share 4.1% vs. 4.6% last month.
- Kia (HYUMLF) -2.1% to 49K units, market share 3.6% vs. 3.4% last month.
- Nissan (OTCPK:NSANY) -2.6% to 113K units, market share 8.3% vs. 8.9% last month.
- Subaru (OTCPK:FUJHY) +0.7% to 52K units, market share 3.8% vs. 3.8% last month.
- Toyota (NYSE:TM) -1.5% to 201K units, market share 14.8% vs. 13.7% last month.
- Volkswagen (OTCPK:VLKAY) -16.9% to 43.5K units, 3.2% vs. 3.2% last month.
- Research firms are likely to include Tesla Motors (NASDAQ:TSLA) in their monthly forecasts in the future as the EV automaker scales up with increased production of the Model S, Model X and the Model 3 in due time.
Yesterday, 2:56 AM
Mon, Oct. 24, 1:04 PM
- Toyota (NYSE:TM) and Lexus topped the annual car reliability survey from Consumer Reports once again. Responses from owners, track testing and safety data were all factored in to generate the Consumer Reports rankings.
- Buick (NYSE:GM) surprised with a jump up to the third spot on the list, while Audi (OTCPK:VLKAY) dropped a spot to fourth. Infiniti (OTCPK:NSANY) shot up 16 spots to land at eighth.
- Brands ranking near the bottom of the CR survey included GMC (GM), Tesla (NASDAQ:TSLA), Dodge, Chrysler (NYSE:FCAU), Fiat, and Ram.
- Model standouts: Toyota Prius, Lexus CT 200h, Infiniti Q70, Audi Q3, Lexus GX, Mercedes-Benz GLC.
- CR brand reliability survey
Wed, Oct. 19, 11:35 AM
- The focus on Apple's (AAPL -0.2%) influence in the automobile sector has shifted away from straight manufacturing to ways the tech company could integrate software, information systems, or automated driving capabilities into next-gen models.
- The recent developments with Project Titan also raise the stakes on which automakers strike a significant partnership with Apple if the venture makes it past 2017 (the reported AAPL deadline).
- While many auto industry watchers think major automakers won't convert to the Apple ecosystem across their portfolio, high-end "Applefied" models are seen as a realistic possibility.
- "A luxury automobile with 'Apple Inside'? That could be hit, and a profitable one yet," writes Los Angeles Times columnist Michael Hiltzik.
- SA contributor Bret Kenwell also dug into the Project Titan issue earlier this week.
- Related stocks: GM, FCAU, F, TM, HMC, OTCPK:NSANY, OTCPK:VLKAY, OTCPK:BMWYY, OTCPK:DDAIF, TSLA, OTCPK:MZDAY, TSLA, OTC:HYMLF, OTCPK:FUJHY, RACE, TTM, MBLY.
- Previously: Bloomberg: Apple scales down automotive strategy, plans to build car postponed (Oct. 17)
Mon, Oct. 17, 12:36 PM
- A new study by Edmunds.com found that truck loyalty in the U.S. is at an all-time high.
- 74% of truck trade-ins went into a new truck after the first nine months of the year to easily top the rate of other auto categories.
- Toyota (TM +0.2%) beat out Chevy, Ram and Ford to land as the brand with the highest degree of customer loyalty, with 70% of trade-ins staying with the same nameplate.
- Edmunds.com press release
Fri, Oct. 14, 7:57 AM
- Toyota (NYSE:TM) car registrations +8.4% to 67,328 units in September, according to the European Automobile Manufacturers Association.
- Overall EU + EFTA registrations +7.2% Y/Y to 1,455,810 units in September on broad gains across the continent. Registrations were up 9% in Germany and 17% in Italy.
- Toyota market share: 4.5% vs. 4.5% a year ago.
- Toyota YTD registrations +8.1%.
- Results include the Toyota and Lexus brands.
- EAMA release (.pdf)
Wed, Oct. 12, 9:52 AM
- Automobile deliveries in China increased 29% Y/Y to 2.27M units in September, according to the China Passenger Car Association. The rate of growth is the highest seen in the region since January of 2013.
- Demand in China has stayed strong in front of the expiration of a tax break at the end of the year. The government hasn't tipped off yet if the tax cut will be extended.
- Automobile sales are up 15% YTD through the end of September to 16.75M vehicles.
- Previously: Ford's sales in China stay on hot pace (Oct. 11)
- Previously: GM knocks out another strong month in China (Oct. 10)
- 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:BMWYY, OTC:GNZUF, OTC:GNZUY, TSLA, OTCPK:NSANY, TM.
Wed, Oct. 12, 9:15 AM
- Toyota (NYSE:TM) and Suzuki (OTCPK:SZKMF, OTCPK:SZKMY) are exploring partnering on next-gen vehicle development.
- A tie-up between the two Japanese companies could benefit both by giving Toyota greater access to India and jumpstarting Suzuki into the EV game.
- Suzuki ended a relationship with Volkswagen last year..
Wed, Oct. 12, 7:55 AM
- Toyota (NYSE:TM) recalls 340K Prius cars to address an issue with the braking system.
- The recall action covers hybrid models produced between August 2015 and October 2016. A majority of the recalled vehicles are from Japan.
Mon, Oct. 10, 4:45 PM
- A development to watch in the automobile industry is the reaction to the vote last week in Germany by the Bundesrat to ban vehicles powered by gas and diesel by 2030.
- The non-binding resolution will place more pressure on the European Commission to promote zero-emission mobility, even with the long time frame in place.
- The relative ease with which the 16 German states on the council came to pass the measure could explain the very strong electrification push recently out of Volkswagen (OTCPK:VLKAY), Mercedes-Benz (OTCPK:DDAIF), and BMW (OTCPK:BMWYY).
- Other automakers including Ford (NYSE:F), General Motors (NYSE:GM), Tesla Motors (NASDAQ:TSLA), and Toyota (NYSE:TM) will also keep a watch on the efforts in Europe to cut out ICE models.
Wed, Oct. 5, 4:36 AM
- Toyota (NYSE:TM) is set to launch its $392 Kirobo Mini robot in Japan next year.
- The Kirobo is seemingly aimed at companionship; plunging birth rates have left many Japanese women childless.
- Exact functionality is unclear.
- Toyota sees Kirobo Mini as a stepping stone to more advanced robots that will be able to recognize and react to human emotions.
- It pairs with a smartphone and requires a $3-a-month subscription.
Mon, Oct. 3, 3:54 PM
- Several major automakers posted lower sales in September in another sign that a peak in demand may have been reached. Ford (NYSE:F), Fiat Chrysler Automobiles (NYSE:FCAU), and Volkswagen (OTCPK:VLKAY) all saw volume drops, while Nissan (OTCPK:NSANY), Toyota (NYSE:TM), and Subaru (OTCPK:FUJHY) gained some market share during the month.
- Once again, pickup sales were strong in the U.S. Ram pickups stood out with a 29% increase over last year's mark.
- Average transaction prices rose by about 2.5% in September, according to an estimate from Kelley Blue Book.
- The industry could still have a record year if demand is strong in Q4, although some analysts are warning on the impact of the higher level of discounting on profit.
Mon, Oct. 3, 9:40 AM
- Toyota (NYSE:TM) unit sales +1.5% to 197,260 units to top the forecast from Kelley Blue Book for a 0.3% increase.
- Toyota division sales rose 1.4% to 171,459 units, led by strong truck demand.
- Lexus division sales increased 2% to 25,801 units.
- Sales by model: Corolla +15% to 32,272; Prius -23% to 12,475; Camry -11% to 30,707; Lexus ES -13% to 4,543; RAV4 +9% to 29,438; Highlander +21% to 14,937; Lexus NX +52% to 4,729.
- Toyota's average transaction price +3.5% Y/Y to $31,114 (via Kelley Blue Book) during the month.
- YTD Toyota U.S. sales -4.5% to 236,193 units.
Tue, Sep. 20, 2:30 AM
- In its most comprehensive statement yet on autonomous vehicles, the Obama administration said it would consider seeking the power to approve technology for self-driving cars and said U.S. states should not issue separate rules.
- The U.S. Transportation Department also included a 15-point set of "safety assessment" guidelines, covering issues like cybersecurity, black box recordings and how a vehicle would deal with potential ethical conundrums.
- Related tickers: F, GM, TM, GOOG, GOOGL, TSLA, MBLY, DLPH, TM, HTZ, CAR, HMC, UBER, LYFT
Fri, Sep. 16, 8:02 AM
- A Toyota Mirai covered 1,438 miles over a 24-hour period in a test run of the fuel-cell-electric model in California. The mark is believed to be a record for an electric car.
- The Toyota (NYSE:TM) sportscar was refilled during the adventure in four-minute stops at hydrogen charging points.
- "The point has been made that an electric car can do everything that a gasoline car can do, but with zero emissions," says First Element Fuel CEO Joel Ewanick.
- First Element is the parent company of the True Zero hydrogen station network in California.
- The Toyota Mirai is the highest profile hydrogen car currently on the market (California and Japan), while hydrogen introductions by Hyundai (OTC:HYMLF) and Mercedes-Benz (OTCPK:DDAIF) are expected in 2017.