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US Auto Sales Hit High Mark

|Includes: Daimler AG (DDAIF), F, FCAU, GM, HMC, ISUZY, NSANY, TM, VOLVY, VWAGY

VALUATION WATCH: Overvalued stocks now make up 42.59% of our stocks assigned a valuation and 14.21% of those equities are calculated to be overvalued by 20% or more. Ten sectors are calculated to be overvalued--with one at or near double digits.

--Kings of the Road US Auto Sales Hit High Mark

In the midst of the tough times for the markets, we get yet another reminder that while the Chinese turmoil may be sending shock waves around the globe, the underlying US economy continues to show strength and improvement. Today, Autodata released sales figures for August, and they were quite impressive.

US auto and truck sales last month exceeded expectations and put the nation on an annualized pace of 17.81 million vehicles. That's quite a bit more than the expected 17.31 million figure. While some of these numbers for major manufacturers were of the "decline less than expected" variety rather than overall increases, overall the numbers represent the best figures for the US since before the financial crisis.

Ford posted great numbers, with sales increasing overall by more than 5% for August. Fiat/Chrysler posted an increase of 1.7%. GM posted a decline of less than 1%, which considered good news in this context. Japanese companies did not fair as well in the domestic US market, with Toyota, Honda, and Nissan all posting declines.

Low oil prices are probably playing a role here, as US manufacturers saw gains in bigger vehicles like pick up trucks, SUVs, and "crossover" vehicles.

These numbers are considered even more impressive because of a calendar anomaly which excludes the hot Labor Day sales period.

Of course, we have a global market for autos and trucks now, and many of these firms do business in China. It remains to be seen how sales declines there will effect the overall bottom line for the big manufacturers.

When we query our systems for the auto industry today, we find the following data on the firms discussed above and a few other top companies. Complete data, including BUY/SELL/HOLD recommendations, are available at ValuEngine.com. Members can always screen for these stocks using our advanced screening page HERE.

 

 

 

 

 

 

 

 

 

 

 

Ticker Company Name Market Price Valuation Last 12-M Retrn P/E Ratio Country Code
DDAIF DAIMLER AG 80.45 0.45% -1.43% 9.07 DEU
F FORD MOTOR CO 13.87 -19.58% -20.33% 10.89 USA
FCAU FIAT CHRYSLER 14.13 N/A N/A 14.72 ITA
GM GENERAL MOTORS 29.44 -16.26% -15.40% 6.71 USA
HMC HONDA MOTOR 31.48 -10.71% -7.55% 12.02 JPN
ISUZY ISUZU MOTORS 11.34 N/A -17.84% 8.49 JPN
NSANY NISSAN ADR 18.005 -7.98% -6.27% 8.85 JPN
TM TOYOTA MOTOR CP 118.38 -8.86% 3.55% 9.91 JPN
VLKAY VOLKSWAGEN-ADR 37.24 -23.77% -17.19% 7.62 DEU
VOLVY VOLVO AB ADR B 10.915 -19.79% -8.81% 16.71 SWE

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