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Ford has good expectations at least when it comes to its SUVs, and this was proved by the words coming out from Ford's vice president of U.S. marketing, this Monday. He says the sport utility vehicles will not stop here, and the sales of them will rise in the United States. The country’s second largest automaker has unveiled its refreshed version of Ford Explorer SUV not so long ago, and it increased the carmaker’ sales to nearly 40%. Low fuel prices and improving fuel efficiency among SUVs have helped prod more Americans into buying SUVs and pickup trucks in recent ...
Tesla has leapfrogged General Motors to become America’s most valuable carmaker, riding a wave of optimism about the electric vehicle company despite its continuing losses. Shortly after the start of trading on April 10th, Tesla's stock market cap overtook that of GM – it was worth about $51 billion, or $1.7 billion more than its established rival. While it's not clear that this will last, it's no mean feat for a company that has made just three car models in its brief 13-year history. The big question is whether or not Tesla can back up that value with raw sales number...
March has been a hard month for automakers, dealerships and car sellers because the car sales records reached last year couldn’t be repeated in 2017 again. The interest rates are rising but the used-vehicle prices are falling down. Industrywide deliveries lowered to an adjusted annual pace of 16.6 million vehicles, falling short of analysts’ expectations of 17.2 million. In that report we highlighted the risks to the industry from rising rates, rising negative equity in vehicle loans and used vehicle-price deflation. This could lead to deteriorating affordability, delaye...
You can see that the U.S. car market has slumped by just reading about the loss of the big automakers in March, but that’s not all. The rental car sector does also show weakening, as bonds from some of the largest companies in the market slid off the back of declining used car prices and falling sales. The premiums investors demand to hold bonds issued by Hertz and Avis Budget Group have surged amid the market souring on the industry, jolted further on Monday after the pace of auto sales fell 10 per cent since December. Bonds issued by the two companies were the three biggest ...
The so-called Big Three automakers reported March sales that were weaker than expected. The declines for Ford, GM, and Fiat Chrysler happened as consumers bought fewer sedans and more SUVs. Total vehicle sales rose at a seasonally adjusted annual rate of 16.63 million. That was short of the forecast for 17.30 million.. Here's the scoreboard:Nissan: 3% (2.8% expected)Ford: -7.2% (-5.9% expected)GM: 1.6% (7% expected)Fiat Chrysler: -5% (0.4% expected)Toyota: -2.1% (-1.2% expected)Subaru: 11.3%BMW: 3.5%Volvo: 9.3%Automakers shares slid in trading following the numbers. Ford fell by...
