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August Auto Sales Recover Modestly As Industry Looks To Post-Hurricane Replacement Demand
Friday, September 1, 2017 - 1:43pm | 1009Read More...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...
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Electric Vehicles Face Major Test As $7,500 Tax Credit Could Come To An End
Monday, April 24, 2017 - 12:21pm | 568Read More...What will happen to sales of electric vehicles after an attractive $7,500 tax incentive from the U.S. government ends? While some are quick to say it is too soon to tell, others are quick to sound alarm bells. According to Edmunds, the elimination of the U.S. government's $7,500 tax credit will...
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Morgan Stanley: Sirius XM Growth Almost Certainly Slowing
Wednesday, April 19, 2017 - 11:17am | 330Read More...Shares of Sirius XM Holdings Inc. (NASDAQ: SIRI) were trading lower by nearly 2 percent Wednesday after Benjamin Swinburne of Morgan Stanley downgraded the stock from Equal-Weight to Underweight with an unchanged $4.80 price target. According to Swinburne, Sirius boasts several impressive traits,...
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Automakers In Top Gear As November Sales Accelerate
Thursday, December 1, 2016 - 1:34pm | 532Read More...Automakers are truly in the fast lane, as is evident from the monthly sales results reported for November by companies within the space. Easy credit terms, heavy promotions, two extra selling days this year, benign gas prices and buoyant consumer confidence have all served to work in unison to...
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Cars.com Chief Analyst Jesse Toprak New-Vehicle Sales Forecast For 2015: 17.1 Million Units
Tuesday, December 2, 2014 - 4:20pm | 89Read More...Cars.com Chief Analyst Jesse Toprak is expecting new-vehicle sales to reach 17.1 million units for 2015. It will be a decent, but not dramatic increase, according to Toprak. “There is going to be a limit to how much the market can grow,” he said. “It is going to be a healthy...
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Cars.com Chief Analyst Jesse Toprak: December Will Be 'Robust' Month For Auto Sales
Tuesday, December 2, 2014 - 4:08pm | 76Read More...Jesse Toprak, chief analyst for Cars.com, told Benzinga that December will be a “robust” month for new-vehicle sales, especially new-select segments. Toprak explained that this includes luxury vehicles and anything that has the word “large” associated with the name, such...
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Cars.com Chief Analyst Jesse Toprak: Best November For Auto Sales In A Decade
Tuesday, December 2, 2014 - 4:05pm | 166Read More...Speaking to Benzinga on Tuesday, Cars.com Chief Analyst Jesse Toprak said that both a strong stock market and the “perfect storm of conditions” pushing people to dealerships contributed to better-than-expected new-vehicle sales in the auto sector for November. Not only did new-car...
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Cars.com Chief Analyst Jesse Toprak: 'There Is A High Correlation Between The Stock Market And New-Vehicle Sales'
Tuesday, December 2, 2014 - 3:31pm | 100Read More...Jesse Toprak, chief analyst for Cars.com, told Benzinga that there has always a “very high” correlation between the stock market and new-vehicle sales. “The correlation between the S&P 500 and the SAAR for new-car sales is a staggering 78 percent,” he said. Toprak...
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AutoTrader.com Senior Analyst Michelle Krebs On General Motors November Sales: 'Strong Across The Board'
Tuesday, December 2, 2014 - 3:24pm | 111Read More...Speaking on a conference call Tuesday morning, AutoTrader.com Senior Analyst Michelle Krebs said that General Motors Company (NYSE: GM) sales for the month of November look “strong across the board.” She explained that low gas prices had a large impact when looking at sales of...
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Ford September Car Sales Drop 4% In China
Friday, October 10, 2014 - 5:23am | 65Read More...Ford Motor Co (NYSE: F) reported a 4% drop in its September passenger-car sales in China. Ford's passenger-car sales declined 4% to around 69,000 vehicles in China, versus a 13% gain in August and a 19% surge in July. For the first nine months of the year, Ford's car sales in China jumped 27% y/y...
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Total Return, Cars And Consumer Staples ETFs To Watch This Week
Monday, September 29, 2014 - 10:14am | 482Read More...Last week the markets were spooked by the continued rise in the U.S. dollar index and seasonal unrest. The week ahead features the release of construction, industrial manufacturing and employment data that could create an exciting end of the third quarter. Here are the key ETFs to watch for...
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Toyota Leads The Industry In Global Vehicle Sales...Again
Thursday, January 23, 2014 - 3:18pm | 465Read More...A rising tide lifts all boats, and while U.S. car-makers have been enjoying the auto industry's new forward momentum, Toyota Motors (NYSE: TM) has once again come out on top as the global leader in vehicle sales. In a statement released Thursday, Toyota said it sold a record 9.98 million...
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KBB: Vehicle Sales On The 'Cusp' Of Returning To Pre-Recession Levels
Monday, January 13, 2014 - 9:24am | 679Read More...It's been a long and very troubled ride in recent years for the auto industry, especially in the United States. But when Kelley Blue Book briefed the media on Sunday in Detroit, just hours before the start of the 2014 North American International Auto Show (NAIAS), their data and projections...
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Fiat Positioning Itself For A Promising Market Share In China
Tuesday, January 7, 2014 - 3:40pm | 518Read More...A recent article here on Benzinga talked about the benefits of being bullish on Fiat (OTC: FIATY), the Italian motor vehicle company, due to its potential in the car market in China. A Wall Street Journal article in December, meanwhile, reported that not only were sales rising in China but the...
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Spanish 2013 Car Sales Up 3.3%
Thursday, January 2, 2014 - 8:44am | 34Read More...Car sales in Spain climbed 3.3% in 2013 versus the year-ago period, according to car manufacturers' association Anfac. Car sales jumped 18.2% y/y in December versus a 15.1% gain in November. Spanish car sales had tumbled 13.4% in 2012.
