Jan. 27, 2014, 5:30 PM
Jan. 27, 2014, 9:06 AM
Jan. 27, 2014, 8:19 AM| Comment!
Jan. 24, 2014, 10:25 AM
Jan. 23, 2014, 2:47 PM
- Kelley Blue Book forecasts new auto sales will rise 1.6% Y/Y to 1.06M units in January.
- Nissan (NSANY) is expected to have the strongest pace of sales growth at 7.5%, while Ford (F) and Toyota (TM) are forecast to see a drop from last year's sales level with their biggest model introductions for 2014 set to come down the road. Honda (HMC) and Hyundai (HYMLF) are also
- Between them, General Motors (GM) and Ford (F) should account for a third of all sales in the U.S. in January.
- What to watch: As profitability takes center stage in the industry, the levels of incentives used by automakers will be closely watched. KBB thinks GM will reduce incentives on the all-new Chevrolet Silverado and GMC Sierra.
Jan. 22, 2014, 3:05 PM
- Ford (F +0.9%) is working with scientists at MIT and Stanford to add to a little bit of common sense to new technology that will assist drivers.
- Part of the work being done is to address how vehicles on the open road might communicate with each other through a vehicle-to-vehicle network to increase safety.
- The initiative by Ford could eventually lead to advancements in the self-driving car concept.
Jan. 21, 2014, 7:49 AM
- Ford's (F) new F-150 trucks will save owners money on fuel expenses due to the use of lighter-weight aluminum, but might add to their insurance bill.
- Estimates on the additional cost of insuring the new line of trucks range as high as 10%.
- A lack of mechanics experienced with working with aluminum and the cost of the separate tools required for the metal is behind the potential insurance premium.
Jan. 16, 2014, 3:08 PM
- Kelley Blue Book sees U.S. auto sales of 16.3M units this year to rep a growth rate of 4.9%. One of the biggest risks to the industry is a bump in interest rates to a level where buyers are pushed away from purchasing new cars. Industry watchers think the luxury sector (VLKAY, BAMXY, DDAIF) could see the sharpest impact as consumer previously willing to stretch trade down.
- Ford's (F) increased use of aluminum in the widely popular F-150 line will be in focus. Analysts think could consumer reaction could go either way. Rival truck makers like Ram (FIATY) are set to pounce if the aluminum concerns show any validity.
- Japanese automakers (NSANY, TM, HMC, MZDAY, SZKMY, FUJHY) are betting big on growth in the U.S. as tensions in China continue to crop up and clip sales from climbing to full potential .The group is seen as likely to use incentives and promotions in the U.S. to gain market share if sales momentum slows.
- Toyota vs Telsa: Top execs with the two automakers have dialed up the rhetoric on the use of hydrogen fuel cell cars despite being long-time partners. With the Toyota (TM) FCV and Tesla (TSLA +4.5%) Model X both slated for a 2015 launch, the remainder of this year could see the war of words escalate.
Jan. 16, 2014, 3:48 AM
- European car sales dropped for the sixth year in a row in 2013, slipping 1.7% to 11.9M vehicles, the European Automobile Manufacturers' Association says. That's the worst performance since ACEA began tracking the data in 2003.
- However, the moderate recovery in sales that began in H2 accelerated in December, with new-car registrations climbing 13% to 906,294 vehicles.
- Despite the pick-up, industry executives remain cautious. "The European car market is starting the year in its best condition for two or three years," said Yann Delabrière, the CEO of components supplier Faurecia. "But it is too early to say we have a clear vision of the turnaround." (PR)
- Relevant tickers: TM, RNSDF, VLKAF, GM, DDAIF, BAMXF, FIATY, HMC, PEUGF, F
Jan. 15, 2014, 10:51 AM
Jan. 15, 2014, 7:19 AM
- AutoNation (AN) CEO Mike Jackson sours the euphoria at the Detroit Auto Show just a bit with his claim that the supply of new cars in the U.S. is increasing too fast.
- By his estimation, U.S. dealers currently have $100B worth of unsold cars and trucks on their lots - repping 90 to 120 days of supply if fleet sales are backed out.
- Jackson rates the odds of an all-out discount war in the automobile industry at 50%.
- More from the Detroit Auto Show
- Related stocks: F, GM, TM, NSANY, HMC, VLKAY.
Jan. 15, 2014, 7:03 AM| 2 Comments
Jan. 14, 2014, 7:36 AM
- Geely Automobile predicts deliveries in 2014 will rise 6% to 580K, a mark which falls below the forecast by the China Association of Automobile Manufacturers for a 8% to 10% rise in China
- Chinese automakers lost market share to General Motors (GM) and Ford (F) at home last year with their models not quite as competitive and could slip further in 2014.
- Overall, domestic sales in China are expected to top 22M vehicles in 2014.
Jan. 13, 2014, 7:07 PM
- Ford (F) today unveiled its new F-150 with a body built almost entirely out of aluminum, which shaves as much as 700 pounds off the 5,000-pound truck, a response to small-business owners’ desire for a more fuel-efficient and nimble truck - and stricter government requirements on fuel economy.
- It's a big risk: F-Series trucks - which include the F-150 and heavier duty models like the F-250 - have been the best-selling vehicles in the U.S. for the last 32 years, and Ford makes ~$10K profit on every F-Series truck it sells.
- The 2015 F-150 goes on sale late this year; although aluminum is more expensive that steel, Ford says the truck will stay within the current price range.
- Will customers accept the change? "Trucks are put to such hard use. They take bangs and dings and a lot of hard use," says a somewhat skeptical Kelley Blue Book editorial director Jack Nerad. "We'll see."
Jan. 13, 2014, 8:29 AM
- Ford's (F) CEO Alan Mulally exudes confidence in his press conference at the Detroit Auto Show.
- The exec says the portfolio of vehicles offered by the automaker in 2014 will be the most balanced in its history.
- In the next year, Ford expects to introduce 23 new models globally and strategically add plants in high-growth regions.
- The company brought the new Mustang out on the stage with its top management as it aims to use the iconic car as a brand-builder in new global markets. (Twitpic)
Jan. 12, 2014, 6:50 AM
- GM (GM) is set to unveil its new GMC Canyon later today, ahead of the official opening of Detroit Auto Show tomorrow.
- GM hopes that the redesigned vehicle, which is due to go on sale in Q3 along with the new Chevrolet Colorado, will pull sales from Ford's (F) F-150, Chrysler's (FIATY) Ram 1500 and Toyota's (TM) Tacoma, the market leader.
- GM acknowledged that the Canyon could also take minimal sales away from the company's larger Chevrolet Silverado, although execs aren't worried.
- GM abandoned the mid-sized segment in 2012 due to waning popularity. However, sales of mid-sized pick-ups are forecast to grow by more than a third, research firm LMC Automotive has estimated.
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