Automobile Industry 02 (Oct 15 - Dec 24)

Re: Automobile Industry 02 (Oct 15 - Dec 17)

Postby winston » Wed Oct 04, 2017 8:41 am

Hurricane recovery helps boost U.S. September new auto sales

by Nick Carey

DETROIT (Reuters) - Major automakers on Tuesday posted higher U.S. new vehicle sales in September as consumers in hurricane-hit parts of the country replaced flood-damaged cars, extending a rally in their shares that began when Hurricane Harvey hit southeast Texas in late August.

The seasonally adjusted annualized rate of U.S. car and light truck sales in September rose to 18.57 million units from 17.72 million units a year earlier, according to Autodata Corp, which tracks industry sales.

While U.S. sales rose beyond the storm zones, according to automakers and dealers, much of the September gains came after Hurricane Harvey hit Texas. Replacing cars during the recovery in southeast Texas and Florida will boost U.S. new and used auto sales through at least November, according to industry consultants.

Up to 500,000 cars were damaged or destroyed during Harvey and another 200,000 cars during Irma, according to industry estimates.

GM’s sales jumped nearly 12 percent versus September 2016 as a 43 percent increase in sales of crossovers and a 10 percent rise for pickup trucks offset an 11 percent decline for passenger cars.

The No. 1 U.S. automaker’s inventory fell to 76 days’ supply last month from 88 days in August, a positive development since analysts have blamed the automaker for much of the industry’s oversupply of unsold new vehicles. GM is moving closer to its goal of around 70 days’ supply by the end of the year.

Industrywide, new car sales in the Houston area, the fourth-most populous U.S. city, soared 109 percent in the three weeks after Hurricane Harvey compared with the three weeks before the storm, according to car shopping website Edmunds.

‘STRONG END OF THE MONTH’

Ford sales rose 8.7 percent in September, with those to consumers up 4.4 percent and lower-margin fleet sales up 25.1 percent. F-Series pickup truck sales soared 21.4 percent, benefiting from the popularity of pickups in Texas.

Since Harvey made landfall, GM stock has risen 24 percent, Ford is up 16 percent and Fiat Chrysler Automobiles NV has rocketed 44 percent.

Source: Reuters

http://www.reuters.com/article/us-usa-a ... r%20Update
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Re: Automobile Industry 02 (Oct 15 - Dec 17)

Postby winston » Sat Oct 21, 2017 7:40 am

Chart of the day: On fast lane to growth

by Zhang Shidong

UBS warns mainland stocks to slow, as economy stalls and scrutiny of markets tightens

China’s new-energy vehicle industry remains one of the few fast-growing sectors this year, with shares in the companies staging a strong rally.

Shenzhen-listed Jiangxi Ganfeng Lithium, a supplier of lithium products refined from ores of the metal for batteries for electric vehicles, has surged 245 per cent in 2017. Net income for the first nine months is expected to jump as much as 145 per cent from a year earlier, accelerating from 118 per cent in the first half, according to the company’s exchange filings.

BYD, the country’s biggest maker of electric passenger cars with a 22 per cent market share, has advanced 38 per cent while EVE Energy, a maker of lithium batteries for new-energy cars, has gained 61 per cent.

Sales of electric vehicles soared 38 per cent in the January-September period on government policy support, Northeast Securities said.

The Ministry of Industry and Information Technology last month unveiled policies setting the minimum production volume of low-emission vehicles by domestic firms starting 2019.

Source: SCMP

http://www.scmp.com/business/markets/ar ... ane-growth
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Re: Automobile Industry 02 (Oct 15 - Dec 17)

Postby winston » Mon Aug 13, 2018 8:33 am

China auto sales drop 5.3pc in July

China’s auto sales shrank in July from a year earlier as SUV demand sagged, an industry group reported Friday, adding to signs of economic malaise amid a tariff battle with Washington.

Sales of sedans, SUVs and minivans fell 5.3 percent from a year ago to 1.6 million in the biggest global auto market, the China Association of Automobile Manufacturers reported.

Total vehicle sales, including trucks and buses, fell 4 percent to 1.9 million.

Auto demand has cooled amid forecasts of an economic downturn after Beijing tightened controls on bank lending to cool surging debt.

China’s mounting tariff fight with U.S. President Donald Trump over Chinese technology policy has added to anxiety, though the economic impact so far is limited.

Beijing imposed 25 percent import duties on U.S.-made autos as part of its retaliation for a similar American increase. But that falls most heavily onBMW AG’s imports of SUVs from a South Carolina factory. American brands produce most of their vehicles in Chinese factories.

Weak demand is a setback for global automakers that look to China to drive revenue and are spending heavily to develop models for local tastes.

Sales growth in June decelerated to 2.3 percent from the previous month’s 7.9 percent. Full-year 2017 sales growth was 1.4 percent.

SUV sales, usually the industry’s bright spot, contracted 8.4 percent from a year earlier to 633,000, according to CAAM. Sedan sales shrank 1.2 percent to 815,000.

Sales of pure electric and gasoline-electric hybrids, boosted by subsidies and other government support, rose 47.7 percent to 84,000 but made up just 5 percent of the total.

Beijing is in the midst of a multibillion-dollar campaign to promote electric car development and sales in hopes of creating a profitable new industry.

Automakers are rolling out dozens of electrics but still rely on sales of gasoline-powered models for their profits.

Source: AP

http://www.thestandard.com.hk/breaking- ... 0810&sid=2
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Re: Automobile Industry 02 (Oct 15 - Dec 17)

Postby winston » Wed Aug 29, 2018 1:59 pm

Electric cars exceed 1m in Europe as sales soar by more than 40%

Milestone reached nearly a year after China but ahead of the US

While plug-in sales are growing, they still account for only 2% of all new car and van registrations across Europe in the first half of the year. By the year’s end, the share is forecast to hit 2.35%.


Source: The Guardian

https://www.theguardian.com/environment ... 0-per-cent
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Re: Automobile Industry 02 (Oct 15 - Dec 17)

Postby winston » Sat Sep 08, 2018 4:36 am

WoodMac is “quite conservative” on the outlook for electric vehicles and favors hybrids.

Source: Bloomberg
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Re: Automobile Industry 02 (Oct 15 - Dec 17)

Postby winston » Sat Sep 08, 2018 4:36 am

WoodMac is “quite conservative” on the outlook for electric vehicles and favors hybrids.

Source: Bloomberg
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Re: Automobile Industry 02 (Oct 15 - Dec 17)

Postby winston » Tue Oct 30, 2018 12:55 pm

Chinese carmakers’ shares jump as Beijing reportedly mulls cutting purchase tax by half

China is considering the move in an effort to boost its flagging market, according to a report by Bloomberg

Mainland China plans to cut the tax on car purchases in half, to just 5 per cent, for cars with engines smaller than 1.6 litres, the report said.




Source: SCMP

https://www.scmp.com/business/markets/a ... ls-cutting
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Re: Automobile Industry 02 (Oct 15 - Dec 17)

Postby winston » Mon Nov 12, 2018 8:21 am

China auto sales slide for fourth month

Purchases of SUVs, sedans and minivans contracted 13 percent from a year earlier to just over 2 million units.


Source: AP

http://www.thestandard.com.hk/breaking- ... r=20181109
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Re: Automobile Industry 02 (Oct 15 - Dec 19)

Postby winston » Mon Nov 12, 2018 12:57 pm

<Research Report>JPM Downgrades BRILLIANCE CHI/ BAIC MOTOR/ NEXTEER, Cuts Geely TP

JPMorgan trimmed the 2018 China passenger vehicle (PV) sales forecast by 3% YoY to 24 million units, in view of disappointing share performance of Chinese automakers (declining 43% YTD).

GEELY AUTO (00175.HK) was maintained Neutral, with price target cut from $21 to $14. The broker also revised its 2018-2019 EPS forecasts down by 2% and 7%, due to keen competition from domestic and foreign peers.

BRILLIANCE CHI (01114.HK) and BAIC MOTOR (01958.HK) were both downgraded from Overweight to Neutral, with respective price targets of $9.5 and $6.

Equally, NEXTEER (01316.HK) was downgraded from Overweight to Neutral, with price target down from $15 to $12. The broker also cut the firm's 2019 EPS forecast by 10% under stagnant China and US demands.

Source; AAStocks Financial News
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Re: Automobile Industry 02 (Oct 15 - Dec 19)

Postby winston » Thu Jan 03, 2019 8:06 am

Self-Driving Cars

The old science fiction fantasy of a driverless car is practically here.

Every major automaker is pursuing this technology.

Whether you realize it or not, it's going to change how we travel and live.

And in doing so, it will add $7 trillion to the global economy.

Source: Investor Place
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