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Donald Trump tangled with the auto industry during the presidential campaign, decrying in particular Ford's plan to relocate small-car production to Mexico. Ultimately, Trump's tweet shaming was sound and fury, signifying nothing. US automakers have been building cars in Mexico and Canada for decades, long before borderless free-trade and NAFTA became major campaign issues. UBS auto analyst Colin Langan published a research note this week in which he assessed the impact of Congress' corporate tax reform plan — primarily a tax cut and a deal to repatriate offshore c...
Global car sales have a big chance to set another record year. This extends gains to a seventh consecutive annual record and surpasses the previous upcycle which lasted six years. Purchases will be buoyed by improving labour markets at the fastest pace since early 2007 and a bottoming in purchases across emerging markets. Economic growth in developing countries is expected to pick up for the first time since 2010, helping reverse last year's slide in car sales which was driven by sharp contractions in both Russia and Brazil. Low gasoline prices, improving household balance sheet...
After three consecutive declines, automakers managed in November to make the largest year-over-year sales gain since February, posting a 3.6 percent gain. However, it took a big jump in incentives to make that happen. Those heavy incentives – now amounting to more than 12 percent of the industry's average transaction price – might be enough for 2016 to topple last year's record by a razor-thin margin. Going into December, U.S. sales were just 6,418 vehicles ahead of last year's pace, an increase of 0.04 percent. November and December have become big months fo...
Analysts didn't expect light vehicle sales will be this strong this November. The annualized selling rate adjusted for seasonal trends reached 17.8 million, the second-fastest pace of the year. While that pace is off from 18.1 million a year earlier, it’s faster than any analyst estimate in surveys. The average projection was for a 17.5 million rate. Automakers’ results released are giving investors new evidence to determine whether the industry’s expansion is coming to an end after a record 2015 -- or if there is more room for economic-driven growth. Concerns ...
U.S. car sales rose more than we were expecting it will be in November, we had an increase of 3.7% of the industry sales, it shattered a record for the month that was set in November 2001. Auto sales rose at a seasonally adjusted annual rate of 17.87 million. Economists had estimated that sales rose at a 17.7 million rate. The sales were aided by two extra selling days from a year ago and fueled by Black Friday promotions and while there was concern about shaken consumer confidence after Donald Trump was elected president earlier in the month, car buyers apparently did not hold back.&nbs...
