Thu, Jul. 2, 2:28 PM
- Ford (F -0.8%) says it is recalling 432K vehicles sold in North America, including certain 2015 Focus, C-MAX and Escape vehicles, because of a software problem that could keep their engines running after drivers try to shut them off.
- Ford cites a flaw in the body control module software in the vehicles; as a result of the problem, the engine could keep running after the key is turned to "off" and removed, or after the start/stop button is pressed to turn the engine off.
Wed, Jul. 1, 9:39 AM
- Ford (NYSE:F) reports a record average selling price for the F-Series during June. Increased demand for the new F-150 pushed the ATP during the month up 8.9% to $44K.
- The Ford Mustang knocked out its best June sales performance since 2007 with 11,719 units sold.
- Sales growth by brand: Ford +1.2% to 217,321; Lincoln +14.5% to 8,326.
- Sales growth by model: Ford Focus -16% to 22,051; Ford Fusion -8% to 25,409; Ford C-MAX -15.6% to 2,481; Ford Mustang +53.6% to 11,719; Ford F-Series -8.9% to 55,171; Ford Explorer +30.2% to 20,377; Ford Transit 12,134 (new); Ford Edge +30% to 12,587; Lincoln MKZ -15% to 2,543; Lincoln MKC (new) 1,947.
- Full Ford sales report (.pdf)
- Previously: Ford June U.S. sales: +1.6%
Wed, Jul. 1, 9:24 AM| Wed, Jul. 1, 9:24 AM | 62 Comments
Tue, Jun. 30, 8:44 AM
- Forecasts for 2015 U.S. auto sales have been pushed higher as consumer confidence is seen staying solid.
- Some analysts see combined 2015 and 2016 U.S. auto sales topping 34M to mark the best two-year stretch since 2000-2001.
- The mid-size SUV/crossover segment continues to be a strong area for the sector to the benefit of the Detroit Three (GM, F, FCAU).
- Under the radar, Subaru (OTCPK:FUJHY) and Mitsubishi Motors (OTCPK:MMTOF) have picked up market share this year.
- Automobile manufacturers report June U.S. sales tomorrow.
- Previously: U.S. June auto sales forecast to rise over 6% (June 25)
Mon, Jun. 29, 1:23 PM
- Ford (F -2.7%) continues to explore new technology initiatives beyond electric vehicles.
- The automaker has a R&D team in Silicon Valley working on areas of innovation that include autonomous driving features, smartwatch apps, a car sharing platform, and e-bike products.
- SA contributor Pim Keulen thinks Ford's entrance into the fast-growing e-bike market is well-timed.
Thu, Jun. 25, 10:40 AM
- TrueCar forecasts U.S. auto sales will rise 6.3% in June to 1.51M units.
- Retail sales are seen rising 7.9% during the month, driven higher by strong demand for crossovers.
- Sales unit volume growth (Y/Y): Fiat Chrysler Automobile (NYSE:FCAU) +10.1% to 189.5K, Ford (NYSE:F) +3.3% to 228.6K, GM (NYSE:GM) +6.2% to 284K, Honda (NYSE:HMC) +7.3% to 138.5K, Hyundai (OTC:HYMLF) -5.8% to 63.5K, Kia +6.6% to 54K, Nissan (OTCPK:NSANY) +12.5% to 123.4K, Subaru (OTCPK:FUJHY) +11.9% to 46.3K, Toyota (NYSE:TM) +3.0% to 207.8K, Volkswagen (OTCQX:VLKAY) +4.7% to 52,4K.
- Market share (Y/Y): Fiat Chrysler Automobile +40 bps to 12.5%, Ford -50 bps to 15.1%, GM flat at 18.8%, Honda +10 bps to 9.1%, Hyundai -50 bps to 4.2%, Kia flat at 3.6%, Nissan +50 bps to 8.2%, Subaru +20 bps to 3.1%, Toyota -40 bps to 13.8%, Volkswagen flat at 3.5%.
- Incentive spending per unit (Y/Y): Fiat Chrysler Automobile -1.2%, Ford -20%, GM +9.8%, Honda +8.5%, Hyundai +34.5%, Kia +18.1%, Nissan +31.4%, Subaru +4.4%, Toyota +0.3%, Volkswagen +3.5%.
Thu, Jun. 25, 1:55 AM
- Ford (NYSE:F) is not the only one jumping into the car-sharing space. General Motors (NYSE:GM) and BMW (OTCPK:BAMXY) have now announced Airbnb-style schemes, which will allow car owners to earn money by renting out their new vehicles to other drivers.
- "Society and the automotive industry are undergoing radical change," said Peter Schwarzenbauer, member of the BMW board for the British brands Mini and Rolls-Royce.
- Previously: Ford joins car-sharing business (Jun. 24 2015)
Wed, Jun. 24, 2:32 PM
Wed, Jun. 24, 7:36 AM
- Ford (NYSE:F) is upgraded at Goldman Sachs by the same analyst who took GM down to a Neutral rating.
- The different take on the two Detroit automakers is based in part on the pricing edge that Ford is seen holding. A full sell-through rate on the new F-150 should keep pricing strong for the balance of the year.
- Ford is also less dependent than GM on the China market, notes GS' Patrick Archambault.
- Goldman Sachs lifts its price target on Ford to $19 off EPS estimates slightly above consensus.
- F +1.73% premarket to $15.56.
Wed, Jun. 24, 3:38 AM
- Ford (NYSE:F) is jumping into the car-sharing market, launching a pilot program in six U.S. cities and London, England.
- The new program will enable owners of vehicles financed by Ford Motor Credit to offer their car, SUV or truck to pre-screened clients for short-term rentals.
- Other new developments: Ford has announced the launch of an engineering program focused on developing autonomous vehicle technology.
Tue, Jun. 23, 2:46 PM
- Ford (F +1.2%) announces the launch of an engineering program focused on developing autonomous vehicle technology.
- The automaker expects driver-assist features to be migrated across its product lineup over the next five years.
- While sensors and actuators are a large part of the development of autonomous driving capabilities, Ford didn't forget to mention another area that is viewed as critical by industry watchers - algorithms.
- Coding quality will need to be high for automakers to pass through some regulatory hurdles.
Fri, Jun. 19, 11:26 AM
- The EPA and NHTSA have published a new set of rules covering fuel efficiency on medium and heavy duty vehicles built for the model year 2018 and beyond.
- The agencies forecast the program will cut greenhouse gas emissions by 1B metric tons and lower fuel costs by $170B for the lifetime of the vehicles manufactured under the program.
- Though the release of tighter emission rules has been widely anticipated, perhaps a bigger surprise this week was the strong statement made by Pope Francis on the global need to address climate control.
- The number of companies that could ultimately be impacted by the proposed changes if they are enacted spread across various sectors.
- Joint EPA/NHTSA proposal (.pdf)
- Encyclical letter from Pope Francis (.pdf)
- Related stocks: KNX, PTSI, ODFL, JBHT, R, SWFT, CNW, GM, F, OTCPK:DDAIF, NAV, OTCPK:VOLVY, CMI, PCAR, FDX, UPS, HTZ, TM,
Fri, Jun. 19, 10:09 AM
- The EPA is expected to announce a new set of rules today covering medium and heavy trucks built in the model year 2019.
- The administration aims to improve fuel efficiency with larger-sized trucks accounting for 20% of all emissions in the transportation sector off a mark of 4% of vehicles on the road.
- The new rules could also cover light-duty pickup trucks, buses, and delivery vehicles.
- Related stocks: KNX, PTSI, ODFL, JBHT, R, SWFT, CNW, GM, F, OTCPK:DDAIF, NAV, OTCPK:VOLVY, CMI, PCAR.
Tue, Jun. 16, 7:46 AM
- Ford (NYSE:F) car registrations -0.6% to 81,492 units in May, according to the European Automobile Manufacturers Association.
- Overall EU registrations +1.3% Y/Y to 1,109,893 units in May with demand strong in Poland, Czech Republic, Italy, and Spain.
- Ford market share: 7.1% vs. 7.2% a year ago.
- Ford YTD registrations +4.8%.
- EAMA release (.pdf)
Mon, Jun. 15, 9:50 AM
- Ford (F -1.3%) plans to test using beacons beginning in Q3 as part of the sales process at select dealerships, according to Ward's Auto.
- The automaker could tie the beacon program to an existing consumer app from a shopping site such as TrueCar, Edmunds, or Shopkick.
- The cost to dealerships should be minimal.
Wed, Jun. 10, 2:44 PM| Wed, Jun. 10, 2:44 PM | 53 Comments
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