Mar. 10, 2014, 9:06 AM| Comment!
Mar. 6, 2014, 8:03 AM| 3 Comments
Mar. 4, 2014, 1:53 PM
- The overall tone at the Geneva Motor Show is positive as sales patterns in Europe have stabilized and even shown some pockets of strength. Perhaps the biggest question is if the sales gains are organic or the results of heavy discounting? Autohaus PulsSchlag reports price cuts of at least 10% at most major manufacturers.
- European automakers are downplaying the impact on sales in Russia from the ongoing conflict in Ukraine. Russia is Europe's second largest automobile market and is expected to pass Germany within a few years.
- Jeep unveiled its all-new 2015 Renegade compact crossover SUV. The model is unique in that it will feature seven different engine choices tailored to different global markets.
- BMW announced plans to build over ten new smaller models on its latest platform. The Mini Clubman concept has created a stir with analysts.
- New models from Ferrari, Lamborghini, and Maserati show that the ultra-wealthy haven't been forgotten by automakers at the show. Related stocks: GM, F, TM, FIATY, HMC, NSANY, TSLA, VLKAY, DDAIF, HYMLF, BAMXY, MMTOF, PEUGF, RNSDF, TTM, SZKMY, FUJHY, RNSDF.
Mar. 4, 2014, 1:13 PM
- Chrysler (FIATY) is close to making an announcement on future minivan production, according to CEO Sergio Marchionne.
- The automaker is deciding on if it will build future models of the Chrysler Town and Country and Dodge Caravan at its plant in Ontario or elsewhere.
- Previously, execs with Chrysler have complained about the business atmosphere in Canada.
Mar. 4, 2014, 8:16 AM
- Fiat (FIATY) CEO Sergio Marchionne outlined how the company might pay for the acquisition of Chrysler shares during a wide-ranging press conference at the Geneva Motor Show.
- The exec doesn't want to see Fiat sell assets to raise funds, but points to a possible convertible bond or capital raise. He also noted that by scrapping its dividend some extra funds are piling up for the automaker.
- A full plan from Fiat on Chrysler funding will be disclosed to shareholders in May.
Mar. 3, 2014, 8:44 AM
- Chrysler (FIATY) saw truck sales rise 27% to 109,913 in February to help offset a 15% decline in car sales.
- Sales for the Ram brand were up 28% during the month while Chrysler managed a 1% rise.
- Jeep strength: The Wrangler, Grand Cherokee, and Cherokee models all saw sales of over 10K in February.
- The automaker finished the month with 85 days supply of inventory, compared to 105 days at the end of last month.
Mar. 3, 2014, 8:38 AM
Feb. 27, 2014, 3:59 PM
- New U.S. auto sales are expected to rise just 0.8% Y/Y in February, according to Edmunds.com, which expects to be hampered by poor winter weather for the second month in a row.
- Edumnds estimates 1.2M new cars and trucks will be sold in the U.S. in February, up from slightly less than 1.2M a year ago and improving from January's total.
- Among major auto makers, roughly 5% sales declines are projected for GM and Ford (F), with more modest sales drops seen at Toyota (TM) and Honda (HMC); Fiat Chrysler (FIATY) and Nissan (NSANY) are likely report double-digit sales increases, and Hyundai (HYMLF) sales are expected to rise 2%.
Feb. 26, 2014, 9:29 AM
Feb. 21, 2014, 9:50 AM
- Automobile sales made an impressive jump in the second week of February, according to data compiled by J.D. Power.
- Winter storms had auto sales for the month tracking 5% lower than a year ago, but a strong bounce has now cut the falloff to closer to 1%. A monthly forecast for 15.7M vehicles delivered is back on track with more late-month momentum expected.
- Perhaps of equal importance, pricing has held up with the average transaction price of $29.9K looking good for a challenging month to get potential buyers onto dealer lots.
- What to watch: Analysts know February alone won't solve the inventory issue of the Big Three (GM, F, FIATY), but an improving trend needs to be confirmed to alleviate concerns. The month will also give a good read on several head-to-head model battles between Toyota (TM) and Honda (HMC).
Feb. 19, 2014, 1:35 PM| Comment!
Feb. 18, 2014, 11:33 AM| Comment!
Feb. 14, 2014, 11:43 AM
- Employee voting ends today at a Volkswagen (VLKAY) plant in Tennessee on the issue of joining the UAW.
- The stakes are very high with the UAW still searching for its first representation at a plant of a foreign automaker.
- The Big Three (GM, F, FIATY) are quiet on the issue, but wouldn't mind a more level playing field.
- What to watch: There are close to 20 automobile plants in the South at risk of unionization if Chattanooga falls. A Mercedes-Benz (DDAIF) factory in Alabama and Nissan (NSANY) location in Mississippi could be the first two on the list.
Feb. 12, 2014, 4:31 AM
- The major auto makers have found themselves in a bit of a dilemma.
- They've been offering discounts in order to clear an increasing amount of unsold inventory in the U.S., which in January reached the highest level since August 2009.
- However, the industry wants to avoid getting sucked into the kind of price wars that have caused so much trouble in the past.
- Production cuts are not on the agenda at the moment.
- Relevant tickers: TM, RNSDF, VLKAF, GM, DDAIF, BAMXF, FIATY, HMC, PEUGF, F
Feb. 10, 2014, 7:26 AM
Feb. 10, 2014, 6:51 AM
- New car sales in Russia fell 6% Y/Y in January to 152K vehicles.
- Locally-produced models made up all ten of the top sellers in the region.
- General Motors (GM), Ford (F), Fiat (FIATY), and Volvo have all increased their investment in Russia on their expectation that the market is in a stabilization process.
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