auto sales

The auto industry didn’t set as many records in May as it did in preceding months, but it continued a streak of outperformance. Ford Motor Company (NYSE: F) led the pack with 242,824 units sold, followed by Toyota Motor Corp (ADR) (NYSE: TM) (215,321), Fiat Chrysler Automobiles NV (NYSE: FCAU...

Carvana Co (NYSE: CVNA) is up 160 percent year-over-year, and one seller is signing on for the continuing momentum.  The Rating B. Riley FBR analyst Sameet Sinha upgraded Carvana from Sell to Buy and increased the price target from $20 to $38. The Thesis Sinha identified particular “...

Cox Automotive expected last month to have seen 2.6-percent year-over-year and 22-percent sequential pops in auto deliveries. “March is the year’s first month that traditionally delivers high volumes and this March is no exception, with sales expected to increase nearly 300,000 units...

Two weeks ago, General Motors Company (NYSE: GM) reported a 22-percent year-over-year decline in December fleet sales. Fiat Chrysler Automobiles NV (NYSE: FCAU)’s segment fell 42 percent. But neither is concerned. In fact, FCA confirmed at the North American International Auto Show that it...

The auto industry wasn’t expected to do so well coming off 2016’s record sales. But it seemed to hold its own this December. All but one automaker outperformed Kelley Blue Book’s monthly estimates, which forecast negative growth across the board in what still amounted to the...

Shares of General Motors Company (NYSE: GM) were trading lower by more than 3 percent early Monday morning likely in reaction to a downgrade by analysts at Goldman Sachs. The firm's David Tamberrino downgraded General Motors' stock rating from Neutral to Sell with an unchanged $32 price target (see...

Ford Motor Company (NYSE: F) revealed Tuesday its vision for the future of the company - indeed, for the future of how humans will interact with vehicles in general. It's a conversation the company is keen to be a part of, along with other old school automakers like General Motors Company (NYSE...

Investors were treated with particularly strong auto sales data this week as September U.S. light vehicle SAAR (seasonally adjusted annualized rate) read 18.6 million, which was notably higher than the consensus estimate of 17.4 million. September's SAAR reading also happens to be the strongest...

Thanks to copious incentives, the Labor Day boost and the recovery following the recent hurricanes, auto sales were higher all around in September. Detroit's Big Three had a fairly strong month, with even Fiat Chrysler Automobiles NV (NYSE: FCAU) reporting a small increase in its retail sales...

Some semblance of sanity returned to the auto market in August after an extended lean run that spanned seven months. That said, the performance remained lukewarm, as companies continued to work their way through inventories. August 2017 had one additional selling day compared to the same month in...

Sales of new vehicles in the U.S. throughout July were poor, and investors are scrambling to find an explanation, especially when factoring in a strong growth of licensed drivers, relatively affordable financing and cheap gas. But the answer is quite simple, Bloomberg reported. Going back 20 years...

U.S. vehicle sales continued to be lackluster in July, with the weakness more pronounced among the U.S. automakers. Coupled with sales worries, the industry is also plagued by higher inventory levels and unusually higher incentives for this time of the year. The companies continued to chip away...

Economic health is sound enough for the market to expect the Fed to continue with its measured pace of rate increases. Therefore, when Federal Reserve chair Janet Yellen sounded dovish at last week's semi-annual monetary policy testimony, it came as a surprise. The testimony, which cast a cloud of...

Coming off a record year, automakers were pressured to keep the good show going in 2017. Tidings weren't good in the first three months of the year, as bloated inventory levels and heavy discounting took a toll on the automakers. The lackluster performance continued into April, and the shares of...