Mon, Jan. 5, 9:45 AM
- Ford (F -3.2%) reports truck sales rose 4.0% in December, while volume for both cars and utilities fell off.
- Sales growth by brand: Ford +0.4% to 210.981; Lincoln +21.4% to 9,690.
- Sales growth by model: Ford Focus -4.4% to 14,883; Ford Fusion -5.1% to 23,166; Ford Mustang +66.1% to 9,511; Ford F-Series -0.3% to 74,355; Ford Explorer +6.2% to 16,632; Lincoln Navigator +90.2% to 1,792, Lincoln MKC (new) 2,310.
- Ford ended the year as the best-selling brand in the U.S. for the 5th consecutive year.
- Previously: Ford December U.S. sales
Mon, Jan. 5, 9:35 AM| 6 Comments
Thu, Jan. 1, 3:41 AM
- More than 60M vehicles were recalled in the U.S. in 2014, totaling an average of about two announcements a day and affecting the equivalent of one in five vehicles on the road.
- GM's (NYSE:GM) defective ignition switch, Honda's (NYSE:HMC) Takata (OTCPK:TKTDY) air bag crisis and Fiat Chrysler's (NYSE:FCAU) flammable gas tanks led the group, doubling the previous U.S. annual recall record set in 2004.
Dec. 31, 2014, 2:54 PM
- Ford (F +0.2%) has filed two patents related to the use of the term "EcoBeast" in an apparent branding initiative.
- Auto industry blog Motrolix speculates the move could be tied to a new version of the automaker's Ecoboost engine or an advanced high-performance concept still in development.
- Ford USPTO trademark application #1, trademark application #2
Dec. 31, 2014, 9:04 AM
- A sobering comment from China Automobile Dealers Association deputy secretary general Luo Lei could give manufacturers pause heading into 2015.
- "Carmakers have high market expectations. But the reality is: supply exceeds demand," maintains Lei.
- Dealers in China have been complaining this year about problems clearing inventory, even in the luxury sector, amid an unbalanced push by automakers to meet targets.
- Also on the Chinese automobile market: China extends EV subsidies, High hopes for Chinese luxury automobile segment, Toyota to miss China 2014 sales goal.
- Related stocks: OTCPK:DDAIF, OTCPK:BAMXY, OTCQX:VLKAY, GM, OTCPK:NSANY, TM, TTM, F, HMC, TSLA, KNDI.
Dec. 23, 2014, 2:03 PM
Dec. 22, 2014, 10:49 AM
- TrueCar projects automobile sales in the U.S will rise 2.6% to 17M next year.
- The research firm forecasts the average transaction price of new vehicles will increase 2.4% to a $32,589.
- TrueCar's models to watch: Ford F-Series, Mazda CX-3, Mercedes-Benz GLA.
- Related stocks: GM, F, TM, FCAU, HMC, OTCPK:NSANY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, OTCQX:VLKAY, OTCPK:FUJHY, KMX, CRMT, AN, OTCPK:MZDAY, LAD.
Dec. 22, 2014, 9:27 AM
- A tense period of negotiations between the UAW and the Detroit Three (GM, F, FCAU) automakers is expected to build in advance of the expiration of current labor contracts in September of 2015.
- The labor group is looking to close a large gap between hourly wages for automobile industry entry-level workers and legacy employees.
- What to watch: There will be a thin line for the UAW in pushing for its increases without giving Japanese automakers OTCPK:NSANY, TM, HMC, OTCPK:MZDAY, OTCPK:SZKMY, OTCPK:FUJHY, OTCPK:MMTOF an edge over the Detroit Three.
Dec. 19, 2014, 5:58 PM
- Consumer spending in several areas is likely to benefit from lower pump prices, but J.P. Morgan's Ryan Brinkman thinks the auto industry may benefit more than most from consumers having more money to spend on all things apart from fuel.
- The analyst sees Goodyear Tire (NASDAQ:GT), American Axle (NYSE:AXL), GM and Ford (NYSE:F) - in that order - as best positioned to benefit, followed by suppliers with material exposure to full-size trucks and SUVs that is not as great as AXL, including Tenneco (NYSE:TEN), Lear (NYSE:LEA) and Tower International (NYSE:TOWR).
- Tesla (NASDAQ:TSLA) is an exception, however, as Brinkman sees a potential reduction in the terminal value of cash flows on his reduced outlook for Model 3 vehicles if fuel prices remain low longer-term.
Dec. 19, 2014, 3:00 PM
- U.S. automobile sales are forecast to increase 11% in December to an annual selling rate of 16.6M units, according to a fresh forecast from TrueCar.
- The research firm says the industry benefited from lower gas prices and a better month of weather than was seen a year ago.
- For the full year, TrueCar expects total U.S. vehicle revenue to be up 8.3% to close to $1T.
- Transaction prices on new cars are up 1.9% to $31,831 YTD.
- Used vehicle sales are up 3.3% for the year.
- Related stocks: GM, F, TM, FCAU, HMC, OTCPK:NSANY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, OTCQX:VLKAY, OTCPK:FUJHY, KMX, CRMT, AN, LAD.
Dec. 19, 2014, 2:17 PM
- The age of connected cars appears closer with Google pushing forward with its next-gen Android M software designed to be integrated into automobiles.
- The industry has a bit of an uneasy relationship with Google, despite the company's open-source approach to the technology.
- Though most major automakers collaborate with Google through the Open Automotive Alliance - which aims for a common platform to drive innovation - the self-driving car initiative of Google and their own infotainment ambitions keep them wary.
- Analysts originally forecast vehicle-to-vehicle communication would be part of the connected car concept and be integrated into some models by 2016, although that timetable now appears unlikely.
- What to watch: Before any major breakthrough occurs, the DOT needs to weigh in on next-gen connected cars. That gets trickier with safety and security concerns teed up again after the high-profile GM recall debacle and crippling Sony hacking incident.
- Automaker stocks: GM, F, TM, HMC, OTCPK:NSANY, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, OTCPK:MMTOF, OTCPK:PEUGF, OTC:RNSDF, TTM, OTCPK:MMTOF, OTCPK:SZKMY, OTCPK:FUJHY, OTC:RNSDF, OTCPK:GELYF, FCAU.
Dec. 16, 2014, 2:40 PM
- The major bet on aluminum bet by Ford (F) makes a "compelling" business case, according to CEO Mark Fields.
- The exec describes the closed loop of recycling which allows the automaker to reuse every scrap of aluminum left behind during the assembly process of a F-150.
- The scrap savings will go part of the way in recouping the higher productions costs Ford will see during the first years of production on the updated F-150.
Dec. 16, 2014, 7:06 AM
Dec. 15, 2014, 7:37 AM
- Deutsche Bank F)+to+Hold/10095308.html" target="_blank">downgrades Ford (F) to a Hold rating after previously having shares of the automaker slotted at Buy.
- The investment firm has turned more cautious on auto names in general due to concerns on vehicle regulation cost inflation and the impact of a strong U.S. dollar.
- There is also a question raised by DB on Ford's product strategy if an environment of $2-$3 gas sustains.
- F -0.6% premarket.
Dec. 15, 2014, 7:08 AM
- Ford (NYSE:F) dealerships in the U.S. have introduced "Truth About Trucks" kiosks in advance of selling the 2015 F-150 model.
- The company is covering 70% of the expense for the kiosks for dealerships which hit financial targets this fall, according to Automotive News.
- Ford's sales in the U.S. have trailed Big Three peers this fall as it preps for the F-150 launch.
- Execs with Ford discount the theory that lower gas prices will curb demand for the groundbreaking aluminum-bodied model.
Dec. 12, 2014, 9:17 AM| 2 Comments
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