Mon, Mar. 9, 9:22 AM
- Honda (NYSE:HMC) continues to be the automaker willing to ask the hard questions on subprime lending and extended loan terms.
- The Japanese automaker hasn't been pulled into some of the aggressive sales tactics of rivals such as Toyota and Nissan (OTCPK:NSANY) on a more cautious view.
- Locking buyers into long terms keeps them underwater past when they historically want to trade, notes Honda exec Jeff Conrad.
- He also mentions Nissan's reliance on fleet sales to generate mass volume as a potential danger.
- Nissan has made some noise about outselling Honda in the U.S. for the first two months of 2015.
- Previously: Wells Fargo ringing a bell for subprime auto lending? (Mar. 02 2015)
Fri, Mar. 6, 8:39 AM
- Nissan (OTCPK:NSANY) recalls 625K vehicles due to an issue with faulty latches.
- The automaker admits in a filing that there is risk of the hood opening if the main latch isn't fastened.
- This recall covers 2013 to 2015 Altima cars, while a previous recall over the same problem was related to a different set of Altimas, Pathfinders, QX60s, and JX35s.
- NHTSA notice
Tue, Mar. 3, 3:16 PM
- All-electric and plug-in hybrid car sales showed only modest growth in the U.S. during February.
- A slow pace of sales in February was expected for the Leaf and Chevrolet Volt with General Motors and Nissan holding back on marketing efforts in front of this summer's release of next-gen models.
- The surprise of the month may have been BMW i3 topping the 1K mark during the tough weather period and with lower gas prices in the background.
- YTD EV sales are running slightly ahead of last year's pace.
- Looking ahead: Though EV sales are only a fraction of the total U.S. auto market, repping only ~15% of sales of the Toyota Camry for instance, major bets are being laid out by automakers on research and development. Exponential demand growth in the segment will be needed to make the Model X, Chevrolet Bolt, BMW i3, 2016 Toyota Prius PHV, 2016 Leaf, and other notable entries major successes.
- February EV sales scorecard (units): Nissan Leaf 1,198, Model S 1,150 (estimated), BMW i3 1,089, Chevrolet Volt 693, Toyota Prius PHV 397 (plug-in not conventional hybrid), Cadillac ELR 127, Chevrolet Spark 119, BMW 113.
- Related stocks: Tesla Motors (NASDAQ:TSLA), Toyota (NYSE:TM), BMW (OTCPK:BAMXY), Nissan (OTCPK:NSANY), General Motors (NYSE:GM).
Tue, Mar. 3, 10:18 AM
- Nissan (OTCPK:NSANY) unit sales +2.7% to 118,436 vs. a range forecast by analysts of 3.8% to 5.1%.
- Sales growth by brand: Nissan +1.1% to 106,777; Infiniti +19.8% to 11,659.
- Sales growth by model: Pathfinder +11.0% to 7.066; Frontier +5.4% to 6,106; Sentra +24.4% to 15,354; Altima -7.7% to 28,474; Leaf -15.9% to 1,198; Infiniti Q50 +11.4% to 3,649; Infiniti QX60 +10.4% to 2,985.
Fri, Feb. 27, 8:01 AM
- Nissan (OTCPK:NSANY) says it can reach 10% market share in the U.S. without making any major production investments in the next few years.
- The Japanese automaker hints it can shift output from South Korea and its home plants to meet U.S. demand.
- If Nissan is to hit the 10% goal it will need a strong response for the 2015 Murano mid-size SUV.
- Nissan's U.S. market share has ranged from 8.7% to 9.7% recently.
Tue, Feb. 24, 1:25 PM
- Consumer Reports selects the Tesla Model S as the best overall model with an overall score of 99 on a combined measure of safety, performance, and reliability.
- Though scoring off the charts on performance and equivalent gas mileage, the Model S was only "average" for reliability.
- Other segment winners are listed below.
- Compact car: Subaru Impreza (test score 79).
- Midsize sedan: Subaru Legacy (test score 89).
- Large car: Chevrolet Impala (test score 91).
- Luxury car: Audi A6 (test score 90).
- Green car: Toyota Prius (test score 75).
- Sports sedan: Buick Regal (test score 83).
- Small SUV: Subaru Forester (test score 86).
- Large SUV: Toyota Highlander (test score 84).
- Minivan: Honda Odyssey (test score 84).
- The pickup category was skipped by CR due to the newness of the F-150 and Chevy Colorado launch.
- Automaker stocks: GM, F, TM, HMC, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, OTCPK:MMTOF, TTM, OTCPK:SZKMY, OTCPK:FUJHY, OTCPK:GELYF, FCAU, OTCPK:NSANY, OTCPK:DDAIF, OTCPK:MZDAY, TSLA.
Mon, Feb. 23, 1:50 PM
- U.S. sales for Nissan (OTCPK:NSANY) will increase 5.1% Y/Y to 121.3K in February, according to an estimate from TrueCar.com.
- Nissan's market share is forecast to be 9.4% vs. 9.0% in January and 9.7% a year ago in February.
- Incentive spending -8.4% Y/Y and -13.2% M/M to $2,554 per unit.
- Industry-wide new vehicles sales are expected to rise 8.5% Y/Y during February to 1.2965M
Wed, Feb. 18, 10:19 AM
- Shares of Toyota (NYSE:TM) and Nissan (OTCPK:NSANY) are both up 1.3% (Nikkei +1.2%) on some positive news this week for the Japanese automakers.
- The companies both gained market share on strong sales in Europe and the U.S. during January amid positive review for new models.
- Those sales in the U.S. and Europe are magnified as Toyota and Nissan convert cash back to the weaker yen.
Tue, Feb. 17, 3:45 PM
- The number of electric vehicle charging stations (including households) in Japan has soared to 40K, according to data compiled by Nissan (OTCPK:NSANY). The tally is about 6K higher than the number of gas stations in the nation.
- Demand for EVs in South Korea hasn't taken off despite government subsidies. A summary from Insidevs.com indicates less than a thousand electric cars were sold in 2014 with Kia (OTC:HYMLF) accounting for a majority of them.
- The presence of Apple (see today's latest) and Google hanging over the automobile industry has given a lift to select stocks associated with the EV market in China. There's also talk from Beijing of new policies to support EV sales in the nation.
- It's been a relatively quiet day for Tesla Motors (NASDAQ:TSLA), although the company did set its attorneys loose in Missouri to join a lawsuit in the state over the direct-to-consumer sales model. Shares of Tesla are up 0.4% to $204.56 on light volume.
Tue, Feb. 17, 10:20 AM
- Nissan (OTCPK:NSANY) car registrations +34.6% to 44,330 units in January, according to the European Automobile Manufacturers Association.
- Overall EU registrations +6.7% Y/Y, led by strong growth in Spain and Italy.
- Nissan market share: 4.3% vs. 3.4% a year ago.
- Results include a sales boost for the electric Leaf.
- EAMA release (.pdf)
Mon, Feb. 16, 5:52 AM
- Asian suppliers are resorting to costly air freight, as a labor dispute at U.S. West Coast ports disrupts supply chains across the Pacific.
- With ports near gridlock, President Obama dispatched Labor Secretary Tom Perez to California on Saturday to try to broker an agreement between dockworkers and the group representing shippers and terminal operators.
- Many automakers have been hit hard in the U.S. as car parts have been held up by the dispute. Honda (NYSE:HMC) has declared that it would slow production at several U.S. plants, Subaru (OTCPK:FUJHY) said it would continue flying parts in to its U.S. facilities, while Toyota (NYSE:TM) announced that it had reduced overtime at some factories. Nissan (OTCPK:NSANY) also stated that it is being affected.
- A Shanghai index for U.S. West Coast freight rates rose 23 points last week to 2,265 and brokers said quotes had risen a further five points today.
- ETFs: XLY, XRT, VCR, RTH, RETL, IYK, FXD, IYC, FDIS, SCC, UCC, PMR, UGE, RCD, SZK
Sat, Feb. 14, 10:53 AM
- The automobile industry was jolted yesterday by reports on Apple developing its own electric vehicle.
- Though the development has the potential to be disruptive for EV automakers, the impact could be even larger for companies betting on fuel cells if the $740B Cupertino giant takes a strong position in the EV vs. hydrogen debate through a partnership or vehicle introduction.
- Shares of Tesla Motors only showed a mild reaction to the Apple reports yesterday during the regular session and AH trading.
- Toyota is the company out in front on FCV development with the Mirai debuting in many markets this year. The automaker audaciously calls the model the "turning point" in automotive history.
- In regard to Apple, by most appearances, Toyota has been slow-playing the integration of Apple's CarPlay into future platforms.
- Related: The electric vs. hydrogen debate just got interesting (Jan. 15 2015)
- Related: Fuel cell development in Japan to gear up before 2020 Olympics (Jan. 20 2015)
- Related: Millennials have the steering wheel now (Jan. 31 2015)
- Related: Apple car project is for real, and it's a minivan (Feb. 13 2015)
- Automobile industy stocks: GM, F, TM, HMC, OTCPK:NSANY, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, OTCPK:MMTOF, TTM, OTCPK:SZKMY, OTCPK:FUJHY, OTCPK:GELYF, FCAU, BLDP, KNDI.
Thu, Feb. 12, 10:53 AM
- TrueCar projects automakers that advertised during the Super Bowl saw a meaningful sales lift.
- Despite the high cost of the in-game spots (~$4.5M), automotive ads performed well this year based on tracking of sales following the game.
- Projected SB market share boosts: Nissan (OTCPK:NSANY) +40 bps, Kia (OTC:HYMLF) +30 bps, Mercedes-Benz (OTCPK:DDAIF) +20 bps, Jeep (NYSE:FCAU) +10 bps.
- Analysis from TrueCar indicates Super Bowl marketing spending was much more effective than untargeted incentive spending.
- The development could be a boost for CBS (NYSE:CBS) which has the TV rights to the game next year.
Mon, Feb. 9, 4:17 AM
- Nissan (OTCPK:NSANY) has raised its full-year net profit forecast by 3.7% as the yen’s slide against the dollar and strong demand in the U.S. offset weak sales in Japan.
- Nissan's FQ3 net profit rose 20.8% from the same period a year ago to ¥101.8B, as the U.S. surpassed China to become the automaker’s largest market.
- Nissan now expects ¥420B ($3.53B) in net profit for the fiscal year ending in March, up 8% from a year earlier.
Tue, Feb. 3, 7:41 PM
- Automakers turned in an impressive U.S. sales tally for January with majors GM, Ford, Fiat Chrysler Automobiles, Honda, and Toyota all with double-digit sales growth.
- The gains weren't top-heavy as Subaru (+24%), Audi (+14%), Mitsubishi Motors (+33%), and even Porsche (+27%) all big gainers.
- Sales of lights trucks and SUVs rose 19.3% during the month, according to Autodesk.
- Average transaction prices were up 5.2% Y/Y on average, estimates Kelley Blue Book. GM and Ford both benefited on their ATP through a higher mix of SUVs and trucks.
- It wasn't a spectacular month for electric vehicle sales with demand for the Nissan Leaf falling off and the Tesla Model S an insignificant factor in the U.S. total.
- High-level automobile execs attributed the strong demand in part to the $2 gas price level seen across the U.S.
- Automaker stocks: GM, F, TM, HMC, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, OTCPK:MMTOF, TTM, OTCPK:MMTOF, OTCPK:SZKMY, OTCPK:FUJHY, OTCPK:GELYF, FCAU, OTCPK:NSANY, OTCPK:DDAIF.
Tue, Feb. 3, 11:54 AM
- Nissan (OTCPK:NSANY) unit sales +15.1% to 104,107 vs. +8.3% forecast.
- Sales growth by brand: Nissan +15.9% to 94,449; Infiniti +7.3% to 9,658.
- The automaker reports car sale rose 14.4% to 62,357 during the month and truck sales improved 16.1% to 41,750.
- Sales growth by model: Pathfinder +15.6% to 6,138; Frontier +19.0% to 5,868; Sentra +57.7% to 14,395; Altima +17.3% to 26,408; Leaf -14.5% to 1,070; Infiniti Q50 +0.6% to 2,966.
- A significant achievement was struck during the month by Nissan with it outselling Honda.
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