Yesterday, 10:39 AM
- Automakers need to address the issue of how to sell to millennials, according to data from TrueCar.
- The group is projected to purchase 4.24M vehicles in 2015 to account for close to 25% of the total new car market in the U.S. That's a percentage that will stay on the rise over time.
- A few things to keep in mind about millennials.
- They have an indie spirit that can veer away from dominant brands. Just ask McDonald's or Anheuser-Busch InBev.
- They are early adopters of new technology. Just ask the cable companies.
- They don't take their marching orders from Madison Avenue on what products are on-trend. Just ask Abercrombie & Fitch.
- Millennials are likely to have a lot to say with the critical question on if electric batteries or hydrogen fuel cells (Tesla vs. Toyota) emerge as the dominant alternative energy source for the industry.
- Automaker stocks: GM, F, TM, HMC, OTCPK:NSANY, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, OTCPK:MMTOF, TTM, OTCPK:MMTOF, OTCPK:SZKMY, OTCPK:FUJHY, OTCPK:GELYF, FCAU.
Wed, Jan. 28, 2:29 PM
- Fiat Chrysler Automobiles (FCAU -0.3%) CEO Sergio Marchionne expects the company to complete a spin-off and IPO for Ferrari this calendar year.
- During today's earnings conference call, the exec highlighted the significant boost shareholders could see with the luxury brand freed up.
- Previously: Fiat Chrysler reports Q4 earnings
- Previously: North America does heavy lifting for Fiat Chrysler Automobiles
Wed, Jan. 28, 8:20 AM
- Fiat Chrysler Automobiles (NYSE:FCAU) reports global shipments rose 3.8% Y/Y to 1.17M units in Q4.
- The automaker improved EBITDA by 39% during the quarter. The EPS mark missed analyst estimates slightly.
- The biggest gains were struck by the automaker in the North American region.
- 2015 guidance: Worldwide shipments of 4.8M-5.0M expected.
- Previously: Fiat Chrysler reports Q4 earnings
- FCAU -1.1% premarket.
Wed, Jan. 28, 8:09 AM
Tue, Jan. 27, 5:30 PM| 1 Comment
Tue, Jan. 27, 9:26 AM
- U.S. sales for Fiat Chrysler Automobiles (NYSE:FCAU) are expected to increase 14% to 145K in January, according to an estimate from Kelley Blue Book.
- Fiat Chrysler Automobiles market share +10 bps to 12.7% (estimated).
- A big month is expected for Ram and Jeep again.
- U.S. new-vehicles sales are projected to increase 12.9% Y/Y to 1.14M units vs. the polar vortex month of a year ago.
Fri, Jan. 23, 10:35 AM
- The conference call is scheduled to begin at 9.00 a.m. ET (2.00 p.m. GMT / 3.00 p.m CET).
- Consensus view is EPS of $0.30 on revenues of $25.50B.
Thu, Jan. 22, 1:06 PM
- Sales growth at Fiat Chrysler Automobiles (NYSE:FCAU) could slow this year after the automaker topped the pace of major rivals in 2014.
- Analysts note the year-over-year comparison becomes trickier for Fiat Chrylser at the expanded scale.
- To meet its 2015 target of 5M deliveries, Fiat Chrysler would need to improve deliveries by 5.2% to 5M.
Fri, Jan. 16, 7:35 AM
- Fiat Chrysler Automobiles (NYSE:FCAU) car registrations +7.2% to 55,863 units in December, according to the European Automobile Manufacturers Association.
- YTD registrations +3.5% to 767,856 units.
- Market share: 5.6% in December, 5.9% for the year.
- Results include the Fiat, Lancia, Alfa Romeo, and Jeep brands.
- EAMA release (.pdf)
Tue, Jan. 13, 9:36 AM
- Barclays initiates coverage on Fiat Chrysler Automobiles (NYSE:FCAU) with a strong Overweight rating.
- The investment firm makes its call with Fiat Chrysler CEO Sergio Marchionne in full swagger with reporters at the Detroit Auto Show.
- The global automaker has some of the highest growth targets in the sector.
- Previously: Highlights from the Detroit Auto Show (Jan. 12 2015)
Mon, Jan. 12, 11:30 AM
- Fiat Chrysler Automobiles (FCAU +1.4%) CEO Sergio Marchionne says the company is still on track to meet its aggressive 5-year growth target.
- Part of the automaker's plan is to reinvigorate the Alfa Romeo brand into an alternative to BMW to Volkswagen in various segments.
- Marchionne is in Detroit for the annual show where he's expected to make more off-the-cuff remarks.
Wed, Jan. 7, 8:02 PM
- Sales of electric vehicles in the U.S. rose 23% to 119.7K in 2014, according to a summary from InsideEVs.com.
- December was the peak month of the year with EV sales of 12,784 units.
- 2014 EV sales by model (estimated): Nissan Leaf 30.2K, Chevrolet Volt 18.8K, Tesla Model S 17.3K, Toyota Prius 13.2K, Ford Fusion Energi 11.55K, Ford C-Max Energi 8.4K, BMW i3 6.09K, Smart ED 2.59K, Ford Focus Electric 1.96K, Fiat 500e 1.79K, Cadillac ELR 1.31K, Toyota RAV4 1.18K.
- Plug-in entries from Porsche, Honda, Kia, Volkswagen, and Mitsubishi all recorded sales of less than a thousand for the year.
- Related stocks: OTCPK:NSANY, GM, TSLA, TM, F, OTCPK:BAMXY, OTCPK:DDAIF, FCAU, OTC:HYMLF, OTCQX:VLKAY.
Tue, Jan. 6, 8:20 AM
- The spinoff of Ferrari could give Fiat Chrysler Automobiles (NYSE:FCAU) enough breathing room to seek a merger partner, according to auto industry analysts.
- The rising cost of developing clean cars in Europe and the U.S. sets the stage for automakers to join forces through mergers and extended partnerships.
- "Eventually it must happen," notes FCA chief Sergio Marchionne on the topic of mega-mergers.
- No company is too big to be ruled out of the merger discussions due to the benefits of scaling investment costs and matching strengths/weaknesses in Europe, Latin America, China, and the U.S, note insiders.
- Automakers: GM, F, TM, FCAU, HMC, OTCPK:NSANY, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, OTCPK:FUJHY, OTCPK:MMTOF, OTCPK:PEUGF, OTC:RNSDF, TTM, KNDI. OTCPK:SZKMY, OTCPK:MZDAY.
Mon, Jan. 5, 12:34 PM
- The average transaction price paid for a vehicles in the U.S. during December rose 1.9% Y/Y and 1.1% M/M to $33,168, according to an estimate from TrueCar.
- ATP changes (Y/Y): Hyundai (OTC:HYMLF) +9.4%, Subaru (OTCPK:FUJHY) +4.3%, Volkswagen (OTCQX:VLKAY) +3.7%, Nissan (OTCPK:NSANY) +2.7%, General Motors (NYSE:GM) +2.4%, Ford (NYSE:F) +2.2%, Fiat Chrysler Automobiles (NYSE:FCAU) +1.9%, Kia +1.7%, Honda (NYSE:HMC) +1.2%, Toyota (NYSE:TM) -1.3%.
- Incentive spending as a percentage of ATP was up 8.7% in December vs. +8.8% in November and +8.4% a year ago. The Big Three Detroit automakers were on the higher end, while Subaru and Toyota were the tightest of the bunch.
- Previous on U.S. auto sales: Fiat Chrysler Automobiles, Ford, General Motors, Toyota
Mon, Jan. 5, 8:21 AM
- Fiat Chrysler Automobiles (NYSE:FCAU) reports sizzling growth for its Chrysler and Jeep brands to close out the year.
- Brand sales growth: Fiat +1% to 3,784; Chrysler +53% to 30,930; Jeep 19% to 63,274; Dodge -2% to 46,578; Ram +35% to 48,628.
- Model sales growth: Jeep Patriot +53% to 9,434; Jeep Wrangler +16% to 14,003; Jeep Cherokee +18% to 17,715; Dodge Dart +26% to 6,881; Dodge Ram P/U +32% to 44,222; Chrysler Town & Country +10% to 10,709; Fiat 500L +4% to 1,482; Alfa Romeo 4C (new) 67.
- The automaker says it ended the month with 72 days supply of inventory vs. 80 days last month.
Mon, Jan. 5, 8:14 AM
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