August Auto Sales Rebound in a Big Way
The US auto market continues to expand at a nice clip. Some estimate the August SAAR at a healthy 14.5 million units. We dig into the results.
GM
GM Halts Volt Production; Another Reason Why We Prefer Ford
With GM halting Volt production, we continue to prefer Ford. We dig into the Chevy Volt and Ford’s expansion plans in China.
Superior Industries Posts Strong Unit Growth
The aluminum wheel maker continues to grow sales thanks to the US auto recovery. We think shares represent an attractive income play on the auto sector.
GM: Solid in North America, But Europe Weighs on Profits
US automaker General Motors reported second quarter results that were harmed by problems in Europe. Shares are cheap, but we prefer Ford.
July Auto Sales Remain Strong But Growth Slows As Comparisons Become Tougher
Auto sales in July continued to grow on a year-over-year basis, but not as quickly as in the first quarter of the year. We still believe Ford and GM are undervalued.
AutoNation and Volkswagen Report Good News
Car dealer AutoNation reported fantastic results for June and its second quarter. German auto manufacturer Volkswagen will finally acquire the rest of Porsche.
Strong Auto Sales Continue in June
Sales in the US remained strong throughout June. We think SAAR will remain above 14 million units for the remainder of 2012.
Ford’s North American Story Is Intact But Challenges Remain
We still like Ford, but we think shares of the automaker will be challenged in the near term.
O’Reilly Automotive Tumbles Toward Our Fair Value Estimate
Shares of the auto-parts retailer dropped after the firm said June was a weak month and that softness would continue. We now think the shares are fairly valued following their steep drop. Our fair value estimate remains unchanged.
CarMax’s Weak Results May Actually Be Positive for Automakers
Used-car giant CarMax reported weak results Thursday morning. Oddly, we think this bodes well for new car sales at the automakers. Consumers are flocking toward new cars with used-car prices so high.