Tue, Jan. 27, 9:47 AM
- U.S. sales for Honda (NYSE:HMC) are expected to increase 11.3% to 102K units in January, according to an estimate from Kelley Blue Book.
- Honda market share -20 bps at 8.9%. (estimated)
- The monthly sales pace should set Honda on the path to eclipse last year's 1% gain in U.S. sales. A new HR-V crossover and updated Pilot could be highlights.
- 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.
Wed, Jan. 21, 1:27 PM
- Honda (HMC +0.6%) says it will stick with 3-year and 4-year auto loans despite the recent trend in the industry to push longer-term loans.
- Last week, execs with the Japanese automaker maintained during interviews at the Detroit Auto Show that rivals are doing stupid things (7-year loans) in order to boost U.S. sales.
- They noted consumers can end up with negative equity on their cars much faster if they opt for a longer-term loan in a development which could crimp demand in the future.
- Experian reported recently that more than 25% of auto loans have terms between 73 and 84 months.
Tue, Jan. 20, 7:30 AM
- Toyota (NYSE:TM) and Honda (NYSE:HMC) plan to produce 6K hydrogen cars and build 35 hydrogen fuel stations in Tokyo ahead of the 2020 Olympics.
- Last week, Prime Minister Shinzo Abe made a strong commitment to fuel cell development with a promise for aggressive subsidies.
- Previously: The electric vs. hydrogen debate just got interesting (Jan. 15 2015)
Fri, Jan. 16, 9:03 AM| Comment!
Thu, Jan. 15, 8:08 AM
- "It’s time to introduce a hydrogen era," said Prime Minister Shinzo Abe in Tokyo as he announced a government initiative to build out a self-service hydrogen network of stations.
- The development comes only two days after Tesla Motors (NASDAQ:TSLA) CEO Elon Musk called hydrogen a "dumb" energy storage system.
- Toyota (NYSE:TM) is the pioneer in the FCV field and is building 1.5K Mirai vehicles for the Japanese government. Though taking a cautious approach to rolling out production, the world's top-selling automaker isn't ruling out selling hydrogen cars in all markets eventually.
- Review: Car and Driver's deep dive into the Toyota Mirai FCV.
- Related: Toyota opens up 5680 patents on fuel-cell technology to other automakers.
- What to watch: Abe has endorsed larger fuel-cell subsidies than those offered for electric vehicles in China, Europe, and the U.S. Will more governments take a side in the hydrogen vs electric battle setting up in the automobile industry?
- Related stocks: F, GM, OTCPK:NSANY, OTCPK:BAMXY, OTCPK:DDAIF, KNDI, HMC, OTCPK:MZDAY, OTCPK:SZKMY, OTCPK:FUJHY, OTCPK:MMTOF
Wed, Jan. 14, 2:29 PM
- Auto sales in India rose 11.8% to 262,795 units in December, according to WardsAuto.com.
- Sales for 2014 ended at 3.213M units, down 1.8% Y/Y.
- Higher prices from automakers due to increased excise taxes are expected to hold back demand in 2015.
- Related stocks: OTCPK:SZKMF, HMC, TTM, OTCPK:BAMXY, OTCQX:VLKAY, OTCPK:NSANY.
Tue, Jan. 13, 12:09 PM
- Honda (HMC +1.5%) says it will invest $340M in a plant in Ohio in order to increase capacity for energy-efficient vehicles.
- The Ohio facility produces four-cylinder gas engines with enhanced valves for the automaker.
- What to watch: Honda plans to introduce a FCV model in 2016 to trail Toyota into the hydrogen segment.
Thu, Jan. 8, 1:49 PM| Comment!
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.
Tue, Jan. 6, 2:03 AM
- Hoping to spur wider use of hydrogen to power vehicles, Toyota (NYSE:TM) says it will share its 5,700 patents related to hydrogen fuel-cells with other carmakers without charging a royalty fee.
- The move rivals Elon Musk's decision last June to freely license Tesla’s electric-car patents to other automakers to help advance the development of electric-powered vehicles.
- Toyota is aiming to produce a small number of $57,500 hydrogen-fueled Mirai vehicles this year which will be available globally.
- Other automakers engaged in fuel-cell development programs: HMC, GM, OTCPK:NSANY, F, OTCPK:DDAIF
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, 8:01 AM
- Honda (NYSE:HMC) unit sales +1.5% to 137,281 vs. +5.7% consensus estimate.
- The Honda division had flat sales growth of 119,472 vehicles during the month, while Acura was up 13.1% to 17,809.
- Sales growth by model: Accord -2.3% to 31,589; Civic -12.6% to 25,337; CR-V +12.6% to 32,369; Acura ILX +10.0% to 1,730; Acura TLX 3,834 (new).
- What to watch: Honda will introduce the redesigned ILX and its new high-end Acura NSX sports car later this quarter.
Fri, Jan. 2, 9:04 AM
- Automobile prices in India are set to increase as much as 6% after the government decides not to extend a tax break for manufacturers.
- Execs with several automakers have already weighed in on the development, saying the higher tax will be passed on to consumes.
- The development is expected to cut into demand in the short-term for an industry which was starting to gain traction.
- Related stocks: OTCPK:SZKMF, HMC, TTM, OTCPK:BAMXY, OTCQX:VLKAY, OTCPK:NSANY, OTC:RNSDF.
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, 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. 26, 2014, 6:45 AM
- On top of its mounting recalls over Takata air bags, Honda (NYSE:HMC) says it’s further delaying the start of sales for the redesigned Legend sedan to conduct additional checks on its radar safety system and hybrid powertrain.
- Deliveries of Honda’s most expensive sedan will now begin on Feb. 20 in dealerships across Japan.
- Honda previously pushed back the sale date to Jan. 22 from an initial launch in the fall.
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