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This October as predicted is another month to set low U.S. car sales. The car sales numbers will fall below the same month a year ago despite a relatively high level of incentives car sales are especially on the decline, as opposed to trucks, a category that includes pickups, SUVs, crossover SUVs and minivans. Based on online shopping, we are expecting total U.S. auto sales, including cars and trucks, to fall about 6% in October. The fact that October 2016 had fewer official “selling days” than October 2015, and sales were especially strong a year ago contributed to a po...
We expect the U.S. car sales numbers to arrive this Tuesday and Nissan Motor. Co is probably gonna be the winner this October, getting the largest market share. Tyhe company's sales may have slipped only 1.5% in October, but if we compare it to General Motors which sales fell approximately 6.9% and Ford Motor with a drop of 11% than these results are pretty great. What actually stays behind thiese good sales results?! It's something we do not discuss in public every day, but something real, the aggressive dealer-incentive program that keeps its sales stronger than ever. Niss...
U.S. new-vehicle sales are expected to decline for a third consecutive month, but the industry’s selling rate could reach its highest point of the year because of the way October falls in the calendar. Forecasts show sales falling 6 to 8 percent from a year ago. That would be a better performance than it appears because October has two fewer selling days than it did in 2015. Analysts said Hurricane Matthew also slowed sales in the Southeast early in the month. The forecasts translate to a seasonally adjusted, annualized selling rate of 17.7 million to 17.9 million. That compar...
Bill Ford is tired of hearing the future of cars belongs to Silicon Valley. Yet for years, the Apple and Google crowd have been telling him that only Big Tech can make driverless vehicles. The Ford Motor Co. executive chairman and great-grandson of auto pioneer Henry Ford said that probably they were “too dumb to get it”. He’s not kidding. Tech giants Apple Inc. and Google, once intent on disrupting, if not destroying, Detroit, have concluded for now that they don’t want to build cars. Sure, they still bank on supplying the autonomous software that will drive robot ride...
The low margins of Fiat Chrysler Automobiles and it high leverage position might have taken a toll on its stock in 2Q16. The company is now trading at massive YTD losses. FCAU reported adjusted EPS (earnings per share) of 0.45 euros in 2Q16, or $0.51, which is about 55% higher than its adjusted EPS in 2Q15. This figure was also higher than the analysts’ estimate of 0.39 euros, or $0.43. However, on the day of its 2Q16 earnings release, the company’s stock fell 4.3%. Stagnation in the company’s 2Q16 revenues and shipments, along with concerns over the growth potenti...