Aug. 18, 2014, 2:47 AM
- Russia may impose restrictions or a ban on vehicle imports from Western countries, if the U.S. and EU impose additional sanctions on Moscow, Reuters reports quoting the Vedomosti.
- The paper says that the proposals have already been sent to Putin for consideration but no decision has been made yet.
- The new ban, however, would not apply to foreign automakers' production inside Russia. Ford (NYSE:F), Volkswagen (OTCQX:VLKAY), Renault (OTC:RNSDF), Toyota (NYSE:TM) and Hyundai (OTC:HYMLF) all have production facilities inside the country.
- Related stocks: AN, KMX, CRMT, GM, OTCPK:FIATY, HMC, OTCPK:NSANY, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTCPK:BAMXY, OTCPK:MMTOF, OTC:PEUGF, TTM, OTCPK:FUJHY.
Aug. 13, 2014, 1:09 PM
- A fall in used car prices in the U.S. could put some pressure on automakers to offer higher incentives to lure in buyers for new vehicles, according to analysts.
- Truecar.com estimates that new-car incentives will push up 11% to $3K per vehicle in the next two years to counterbalance a drop in used car pricing.
- The long-term forecast for the automobile industry is still favorable with most research firms calling for a return to a pre-recession level of volume.
- Related stocks: AN, KMX, CRMT, GM, F, TM, OTCPK:FIATY, HMC, OTCPK:NSANY, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, OTCPK:MMTOF, OTC:PEUGF, OTC:RNSDF, TTM, OTCPK:FUJHY.
Aug. 11, 2014, 10:12 AM
- Sales of luxury cars in the U.S. are up 7.1% Y/Y through July, according to segment data from Wards Auto.
- The solid sales growth comes ahead of what is typically the high-demand part of the year.
- New model roll-outs slated for the fall and winter include the BMW X4, Cadillac Escalade, and Porsche Macan.
- Related stocks: GM, F, TM, OTCPK:FIATY, HMC, OTCPK:NSANY, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, OTC:KIMTF, OTCPK:MMTOF, OTC:PEUGF, OTC:RNSDF, TTM.
Aug. 8, 2014, 8:11 AM
- Automobile sales in India rose 6.5% to 199,435 during July to mark the second month in a row of rising Y/Y sales.
- Discounting by major automakers and improved consumer sentiment in the nation have helped to boost demand.
- Sales growth by segment: passenger cars +5% to 137,873; SUVs +19% to 44,945; vans -8% to 16,617.
- Related stocks: OTCPK:SZKMF, HMC, TTM, OTCPK:BAMXY, OTCQX:VLKAY, OTCPK:NSANY.
Aug. 8, 2014, 7:46 AM
- China auto sales rose 9.7% to 1.3M vehicles in July, according to The China Association of Automobile Manufacturers. The mark falls short of the double-digit pace seen in May and June.
- Passenger car sales rose 11% to 11M in China for the first seven months of the year.
- German automakers (OTCPK:DDAIF, OTCPK:BAMXY, OTCQX:VLKAY) have gained 190 bps of market share this year to 21.5% share, while Japanese automakers (OTCPK:NSANY, TM, HMC, OTCPK:MZDAY, OTCPK:SZKMY, OTCPK:FUJHY, OTCPK:MMTOF) added 20 bps to 15.1%.
- Cars sold by Chinese automakers repped 37% of the market, while U.S. automakers (GM, [F) grabbed 12.8%.
Aug. 8, 2014, 6:56 AM| Comment!
Aug. 8, 2014, 4:50 AM
- BMW (OTCPK:BAMXY) is now the latest foreign automaker in China to cut its spare parts prices.
- The company says that it will lower its prices by 20% on average on more than 2,000 spare parts due to the anti-monopoly probe of China's National Development and Reform Commission.
- Many foreign automakers have announced price cuts in recent weeks including Mercedes-Benz, Jaguar Land Rover and Audi.
Aug. 1, 2014, 1:23 PM
Jul. 28, 2014, 10:45 AM
- BMW (OTCPK:BAMXY) says it will announce later today a deal with NRG Energy to let i3 owners to recharge their vehicles for free at NRG stations in California through 2015.
- The automaker will also partner with Robert Bosch to develop a charging station which can be sold to dealers and businesses for under $7K.
Jul. 18, 2014, 2:43 PM
- Buried inside an economic report from the Richmond Federal Reserve this week is an interesting tidbit on the auto industry.
- As part of its scan of the economic horizon for the Beige Book, the bank noted the massive wave of automobile industry recalls has only had a "slight adverse" impact on sales. Customer traffic was still up and new car sales strong on solid pricing.
- The read from Richmond is consistent with recent U.S. sales reports from major automakers, although with a slight disconnect existing between a "sale" and a "delivery" in the industry the confirmation is noteworthy.
- Chaos theory: Some industry analysts think recalls can actually spur sales as safety is teed up as a consumer issue and older cars replaced.
- Related auto stocks: GM, F, TM, OTCPK:FIATY, HMC, OTCPK:NSANY, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, TTM, TSLA, AN, KMX, SONC.
Jul. 16, 2014, 3:08 PM
Jul. 16, 2014, 9:47 AM
Jul. 15, 2014, 7:27 AM
- BMW (OTCMKTS:BAMXY) says it will consider sharing battery technology with other companies if it would help drive down the cost of batteries for electric vehicles.
- "If Mercedes called us, we would be happy to find a way with Samsung SDI to supply them with battery cells," says BMW exec Klaus Draeger.
- Tesla Motors has already gone public with its support of open source technology within the EV industry.
Jul. 10, 2014, 11:09 AM
- China decides to waive a 10% tax on new electric car purchases as part of its support for the industry.
- The tax waiver will run until the end of 2017 and could help EV sellers in the region such as Tesla Motors (TSLA -1.3%), Volkswagen (VLKAY), and BMW (BAMXY).
- Shares of Chinese EV automaker BYD Company rose in Hong Kong trading off the development.
Jul. 7, 2014, 8:56 AM
- Retail automobile sales in China rose 14% to 1.47M units in June, according to fresh data from the Passenger Car Association.
- Sales for the first six months of the year are up 11% to 9.09M.
- Major automakers such as General Motors (GM), Volkswagen (VLKAY), and BMW (BAMXY) have been increasing their presence in smaller cities in China this year.
Jul. 4, 2014, 2:30 AM
- Confirming earlier reports, BMW (BAMXY) will open a new $1B assembly plant in Mexico, which will produce 150k cars a year. The facility will employ an initial workforce of 1,500, and begin assembling vehicles in 2019.
- Many automakers are shifting manufacturing facilities to Mexico, to take advantage of the country's growing industrial base and tariff-free access to the U.S. market.
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