FCAU

Major Automakers Lead July Sales Charge

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Key Takeaways –> The three months from May-July mark the best three month stretch in terms of vehicles sold in the US since August-October 2000. –> Truck and SUV demand remains high. Ford is gaining momentum as the F-Series nears full supply, and GM trucks continue strong sales growth. Honda set a July record for truck and SUV sales. –> The safety of connected vehicles and advanced auto technology has come into question recently. Fiat Chrysler has been hit by the largest safety fine in the industry’s history after failing to recall millions of vehicles. The US auto market continues on its pace for the best year in the past decade. A seasonally adjusted annual rate (SAAR) of 17.55 million … Read more

June Sales Keep Auto Industry on Track for Best Year in A Decade

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Key Takeaways The auto industry continues its strong comeback in 2015. Volume and profits are growing, and the industry is poised for a banner year. SUV and light truck demand are the primary drivers behind the sales growth, as the drop in gasoline prices slows purchases of smaller, more fuel-efficient cars. America’s best-selling line, the Ford F-Series, remains in limited supply, even as demand for the truck line remains high, but other producers, including GM, are looking to take advantage of the mismatch. Toyota remains the top-selling retail brand in the US, despite weak industry-wide car sales. June US auto sales, according to Autodata Corp, increased 3.9% over the year-ago period to a total of 1.48 million units, the most … Read more

2015 Marks Record Year for US Auto Industry

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The US auto industry set a sales record in 2015, as the largest automakers finished the year on a high note and pushed the full-year sales tally above the 17.4 million units sold mark set in 2000. 17.5 million light-vehicle sales were made in the US in 2015, which represents an increase of nearly 6% from 2014. December’s unit sales growth rate of 8.9% was one of the highest marks of any month during the year. December was a strong month for each of the major automakers in our coverage universe, as the lowest unit sales growth rate among the group was the 5.7% growth reported by General Motors (GM). Fiat Chrysler (FCAU) reported the highest growth in the month … Read more

General Motors Cuts Guidance on Higher Input Costs

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Simulated newsletter portfolio idea General Motors cut its full-year guidance due to higher than expected commodity cost increases and devaluation of key currencies in South America. Peers Ford and Fiat Chrysler also lowered 2018 guidance measures following a tough second quarter for the group. By Kris Rosemann The July 25 trading session was a tough one for simulated newsletter portfolio idea General Motors (GM) as it faced meaningful external pressures on its business and lowered guidance for 2018. Greater-than-expected impacts from rising commodity prices and currency devaluations in Brazil and Argentina were the primary drivers behind the guidance cut. However, some of those pressures may be easing as President Trump has reportedly agreed to work with the European Commission in … Read more

The Electric Vehicle (EV) Market Is Hot and Getting Hotter

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Image Shown: A look at Tesla Inc’s new Gigafactory factory (Model Y body shop) in Shanghai, China. Image Source: Tesla Inc – Third Quarter of 2020 IR Earnings Presentation By Callum Turcan The electric vehicle (‘EV’) market is hot and getting hotter. Aided by a combination of supportive government policies such as subsides for EVs (purchase tax credits, manufacturing tax credits), plans to ban the sale of automobiles powered by internal combustion engines (‘ICE’) in the coming years, and shifting consumer preferences (households preferring to appear “green”), the long-term outlook for EV sales is quite bright. Tesla Inc (TSLA) is the posterchild of the EV boom given its first-mover advantage, though competitive headwinds are rising. Legacy auto manufacturers are looking … Read more