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Honda Motor Co., Ltd.

5/24/2013, 8:35 AM ET

Quote & Headlines Market Currents StockTalk

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Friday, May 24, 7:06 AM May is an important month for the automobile industry after the last three years saw a post-Q1 dip in sales. Industry forecasts are for May volume to top 1.4M units, which would mark a 9% Y/Y improvement. If May comes in strong, annual forecasts are likely to be raised as the threat of another late spring swoon is lifted. What to watch: A pickup in housing could help lift sales of full-sized pickups, while the average selling price for automakers (GM, F, FIATY.PK, NSANY.OB, TM, HMC, VLKAY.PK) should look strong as they take their foot off the promotional pedal. Comment! [Consumer]
Wednesday, May 22, 6:48 AM The Big Three (F, GM, FIATY.PK) automakers will cut back on summer shutdowns at factories with production goals being setting higher. GM won't shut down its factories at all while Ford and Chrysler will trim their shutdown schedule. At the moment, Japanese automakers (HMC, TM, NSANY.OB) still have a week scheduled for a summer plant shutdown. 2 Comments [Consumer]
Friday, May 17, 11:05 AM A nice little jump in consumer sentiment bodes well for automobile companies, according to CNBC's Phil LeBeau. The outlook for the industry looks extremely good with fresh models from automakers (F, GM, TM, FIATY.PK, HMC, NSANY.OB, VLKAY.PK) coinciding with structural pent-up demand and the uptick in sentiment. 4 Comments [Consumer]
Wednesday, May 15, 8:36 AM Honda (HMC) will build a ¥6.65B ($70M) plant in Ohio to help it mass produce its New Acura model, according to Nikkei. The automaker says the new plant will handle all production of the Acura NSX for global delivery. Comment! [Consumer, Global & FX]
Monday, May 13, 8:44 AM For the first time in more than a decade, the Big Three automakers (GM, F, FIATY.PK) claimed a majority of the category winners in a prestigious vehicle quality survey. The increase in quality by the trio dovetails nicely with a pickup in demand for U.S. models that has Japanese automakers scrambling (TM, HMC, NSANY.OB) to respond. 2 Comments [Consumer, Global & FX]
Friday, May 10, 7:10 AM The fall of the yen to 100 against the dollar for the first time in four years is celebratory news for Japanese automakers (TM, HMC, NSANY.OB, MZDAY.PK). Several execs within the auto industry have said a breach of the 100 level would mark a return to a "neutral" playing field for the group against U.S. and German automakers. What to watch: With a weaker yen, Japanese automakers may be able to give in a little on pricing more easily in order to grab market share. Comment! [Consumer, Global & FX]
Thursday, May 9, 7:07 AM The China Association of Automobile Manufacturers says car sales increased 13% to 1.4M cars in April. Sales for Japanese brands (NSANY.OB, TM, HMC) fell 4.9% for the month, an improved rate of decline from the recent past. Comment! [Consumer, Global & FX]
Friday, May 3, 10:38 AM Honda (HMC) plans to build a $470M factory in Mexico to help it assemble transmissions for the next-generation Fit hatchback and Fit crossover. The assembly plant will have a planned capacity of 200K vehicles. Comment! [Consumer, Global & FX]
Thursday, May 2, 10:52 AM Yesterday's doubled-digit gains in April auto sales for the Big Three (GM, F, FIATY.PK) is another indication that the tables have turned in the automobile industry. The Detroit automakers increased their U.S. market share by 150 bps to 46.2% in just a year at the expense of Japanese automakers (NSANY.OB, HMC, TM). The trend has become so entrenched that Nissan is cutting prices and Toyota is reeling from the realization that its powerhouse Camry is now "boring" to consumers. 8 Comments [Consumer]
Wednesday, May 1, 12:44 PM Honda (HMC) April U.S. sales: +7.4% to 130,999 vehicles, in-line with the estimates of analysts. The Honda brand saw sales rise 6.6% to 117,000, while Acura sales were increased 14.2% to 13,899. Notable model tallies: Fit +33.9% to 4,286; CR-V +12.2% to 26,519; Acura RDX +106% to 4,088. Comment! [Consumer, Global & FX]
Wednesday, May 1, 12:38 PM Honda (HMC) April U.S. sales: +7.4%, beating estimates of a 7.3% gain. Comment! [Consumer]
Wednesday, May 1, 7:46 AM Auto sales are being driven higher by a recovery in the housing market and the wealth effect of a percolating stock market just as much (if not more) than pent-up demand, according to analysts. The average age of vehicles on the road has actually increased to 11.2 years from 10.8 years, giving some indication that perhaps "hundreds of thousands" of units need to be replaced. What to watch: All the major automakers report April U.S. sales numbers today with expectations running high that milder weather and new models on the market boosted sales. 13 Comments [Consumer]
Tuesday, April 30, 12:55 PM Automobile industry snapshot: With a third of the year in the books, the fight for market share in the U.S. is being won by Ford (F), Chrysler (FIATY.PK), and Toyota while South Korean automakers stumble (KIMTF.PK, HYMLF.PK) and General Motors (GM) slowly recovers to where it stood six months ago. Though estimates for total industry sales in 2013 keep ranging higher, watch for Japanese automakers (NSANY.OB, HMC, TM) to use a weakened yen to compete more aggressively on price. On the EV front, the Nissan Leaf and Chevrolet Volt hope to take advantage of Tesla Motors (TSLA) pulling the plug on its 40-kWh version of the Model S. 16 Comments [Consumer]
Monday, April 29, 8:26 AM Honda (HMC) recalls close to 46K Fit cars to fix problems with the electronic stability control system software. (Previous: Automakers increase recalls to protect brands) Comment! [Global & FX, Consumer]
Friday, April 26, 6:40 AM Honda's (HMC) business in China is nearly back to normal after sales swooned due to anti-Japan sentiment in the nation, according to an exec. The claim is a bit of a surprise with most indicators showing the suffering of Japanese automakers (TM, NSANY.OB) is still lingering in China. Comment! [Consumer, Global & FX]
Friday, April 26, 3:53 AM Honda (HMC): FQ4 net profit +5.8% to ¥75.7B ($765M), below consensus of ¥99.51B. Revenues +14% to ¥2.745T, operating profit +21% to ¥135.99B. Expects FY 2014 net profit to increase 58% to ¥580B and sales to rise 22.5% to ¥12.1T. Declares dividend of ¥19/share, up from ¥15 a year earlier. (PR) Comment! [Earnings, Dividends]

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