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.
Dec. 23, 2014, 2:12 PM| Comment!
Dec. 22, 2014, 10:49 AM
- TrueCar projects automobile sales in the U.S will rise 2.6% to 17M next year.
- The research firm forecasts the average transaction price of new vehicles will increase 2.4% to a $32,589.
- TrueCar's models to watch: Ford F-Series, Mazda CX-3, Mercedes-Benz GLA.
- Related stocks: GM, F, TM, FCAU, HMC, OTCPK:NSANY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, OTCQX:VLKAY, OTCPK:FUJHY, KMX, CRMT, AN, OTCPK:MZDAY, LAD.
Dec. 22, 2014, 9:27 AM
- A tense period of negotiations between the UAW and the Detroit Three (GM, F, FCAU) automakers is expected to build in advance of the expiration of current labor contracts in September of 2015.
- The labor group is looking to close a large gap between hourly wages for automobile industry entry-level workers and legacy employees.
- What to watch: There will be a thin line for the UAW in pushing for its increases without giving Japanese automakers OTCPK:NSANY, TM, HMC, OTCPK:MZDAY, OTCPK:SZKMY, OTCPK:FUJHY, OTCPK:MMTOF an edge over the Detroit Three.
Dec. 20, 2014, 10:52 AM
- Automobile recalls in the U.S. now number over 60M this year to set a new record, according to a tally from Bloomberg.
- The mind-numbing total is over double the prior annual recall record with Japanese automakers (OTCPK:NSANY, TM, HMC, OTCPK:MZDAY, OTCPK:SZKMY, OTCPK:FUJHY, OTCPK:MMTOF) taking the hardest hits due to exposure to Takata.
- Though automakers see legal and operational costs increase when recalls soar, the impact on the brand in many cases is short-lived.
- Despite having a year to forget amid a public relations headache, General Motors (NYSE:GM) is a top pick in the sector for many analysts.
- The title of SA contributor Alpha Hungry's recent piece indicates where the investor stands: My Best Idea For 2015: General Motors.
- Related: U.S. auto sales forecast to end the year strong (Dec. 19, 2014)
Dec. 19, 2014, 3:00 PM
- U.S. automobile sales are forecast to increase 11% in December to an annual selling rate of 16.6M units, according to a fresh forecast from TrueCar.
- The research firm says the industry benefited from lower gas prices and a better month of weather than was seen a year ago.
- For the full year, TrueCar expects total U.S. vehicle revenue to be up 8.3% to close to $1T.
- Transaction prices on new cars are up 1.9% to $31,831 YTD.
- Used vehicle sales are up 3.3% for the year.
- Related stocks: GM, F, TM, FCAU, HMC, OTCPK:NSANY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, OTCQX:VLKAY, OTCPK:FUJHY, KMX, CRMT, AN, LAD.
Dec. 19, 2014, 2:17 PM
- The age of connected cars appears closer with Google pushing forward with its next-gen Android M software designed to be integrated into automobiles.
- The industry has a bit of an uneasy relationship with Google, despite the company's open-source approach to the technology.
- Though most major automakers collaborate with Google through the Open Automotive Alliance - which aims for a common platform to drive innovation - the self-driving car initiative of Google and their own infotainment ambitions keep them wary.
- Analysts originally forecast vehicle-to-vehicle communication would be part of the connected car concept and be integrated into some models by 2016, although that timetable now appears unlikely.
- What to watch: Before any major breakthrough occurs, the DOT needs to weigh in on next-gen connected cars. That gets trickier with safety and security concerns teed up again after the high-profile GM recall debacle and crippling Sony hacking incident.
- Automaker stocks: GM, F, TM, HMC, OTCPK:NSANY, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, OTCPK:MMTOF, OTCPK:PEUGF, OTC:RNSDF, TTM, OTCPK:MMTOF, OTCPK:SZKMY, OTCPK:FUJHY, OTC:RNSDF, OTCPK:GELYF, FCAU.
Dec. 18, 2014, 12:55 PM
- Global demand for motorcycles will grow 6% to 132M units in 2018, according to a new forecast.
- Sales of electric models are projected to soar outside of China over the next few years as more nations implement incentives.
- Motorcycle sellers: Honda (NYSE:HMC), Yamaha (OTCPK:YAMHF), Harley-Davidson (NYSE:HOG), Bajaj Auto, Hero MotoCorp.
Dec. 18, 2014, 2:45 AM
- Takata (OTCPK:TKTDY) CEO Shigehisa Takada, who has not made a public appearance since June, said the company was analyzing collected inflators to determine the cause of defects with its air bags.
- "Takata is prioritizing the supply of replacement parts. We have sufficient funds put aside, and we are not concerned that we are under-capitalized," announced Takada.
- The Japanese air bag supplier has so far put aside $774M to deal with recalls, but it faces dozens of class-action lawsuits as well as a U.S. criminal investigation.
Dec. 17, 2014, 11:15 AM| Comment!
Dec. 17, 2014, 2:21 AM
- Frustrated by Takata's (OTCPK:TKTDY) failure to explain why its air bags can explode, Honda (NYSE:HMC) has carried out tests of its own to determine the reason behind the defect.
- Honda insiders said the tests did not identify the cause of the flaw but led the company to believe that manufacturing quality issues, including errors in the amount of propellant included in the inflators, could have played a role.
- Honda has so far recalled about 14M cars due to the defect.
Dec. 16, 2014, 10:13 AM| Comment!
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