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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...
U.S. auto sales have been really strong this September, but it seems like this year dealership traffic appears to have lowered after more than six straight years of steady growth. Almost all the automakers: General Motors, Ford, Fiat Chrysler and Honda reported declines, but Asian counterparts like Toyota and Nissan managed to register growth.The seasonally adjusted annual rate for September stood at 17.45 million units. Retail sales have eased since solid numbers were seen in the second half of last year. As such automakers are heavily spending on discounts and incentives to keep their f...
If you don't know how to raise your U.S. market share in 2016, here is the answer – you have to turbocharge fleet sales. Actually, that may be the only way in an increasingly competitive market that has hit a plateau after six years of growth. Fleet activity has defined overall sales winners and losers, according to industry sources that track bulk sales to rental companies and commercial and government buyers. Through September, major players with double-digit fleet increases posted net sales gains. Those that cut back or stood pat on fleet lost overall volume. Analysts ...
In September 2016, 67,809 units of F-Series pickup trucks were sold with a year-over-year (or YoY) decline of 2.6%. Despite this fall, the company posted its best YTD (year-to-date) F-Series retail sales in September. As you know, the F-150 is a full-size pickup truck. The significance of these trucks is immense for Ford, as trucks typically yield higher profitability than the Small Car segment. However, Ford is not the only player in the pickup truck segment. Other automakers such as General Motors (GM), Fiat Chrysler Automobiles (FCAU), and Toyota (TM) also pose competition to th...
September’s auto sales in the US stood at 1,428,000 vehicle units. This was ~0.5% lower than US auto sales of 1,435,000 vehicle units in September 2015. In August 2016, auto sales stood at 1,506,000 in the US. The US auto industry has witnessed good times in the past couple of years. In 2015, US auto sales were at their peak, with ~17.4 million vehicles sold during the year. This certainly boosted the confidence of these automakers. However, it also ignited a debate about US auto sales being at peak levels and a possible downturn in US auto demand going forward. Through September 2...
