Automobile Industry 01 (Aug 08 - Sep 15)

Re: Automobile Industry (incl New Energy Vehicles)

Postby winston » Wed Jul 29, 2015 9:29 am

by behappyalways

(7% growth???? :D )

He said falls in commercial vehicle sales were driving the overall decline in industry sales in China.

"That's usually closely tied to consumer confidence, investment in business and so forth.

Ford warns China car sales may see first fall since 1990
http://www.bbc.com/news/business-33695832
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Re: Automobile Industry (incl New Energy Vehicles)

Postby winston » Sat Aug 01, 2015 8:59 am

Here's why every car company is now a subsidiary of Uncle Sam

by Eric Peters

Source: EPAutos.com

http://thecrux.com/heres-how-the-govt-h ... -industry/
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Re: Automobile Industry (incl New Energy Vehicles)

Postby winston » Mon Aug 03, 2015 9:46 am

by behappyalways

China Car Sales Drop Flashes Yellow Light for Its Economy

http://www.bloomberg.com/news/articles/ ... ts-economy
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Re: Automobile Industry (incl New Energy Vehicles)

Postby winston » Tue Aug 11, 2015 3:15 pm

vested

CAAM: Car Sales Reach 1.5M Units in Jul, Down 7.1% YoY

China Association of Antomobile Manufacturers (CAAM) announced that China's car sales amounted to 1.5 million units in July, down 7.1% from a year ago.

Source: AAStocks Financial News
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Re: Automobile Industry (incl New Energy Vehicles)

Postby winston » Tue Aug 11, 2015 9:41 pm

Japanese engineer develops world's first 'car in a bag'

Source: Reuters

https://sg.news.yahoo.com/japanese-engi ... 34781.html
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Re: Automobile Industry (incl New Energy Vehicles)

Postby winston » Thu Aug 13, 2015 1:55 pm

<Research Report>BofA ML: Long Term RMB Depreciation Positive for Geely Auto & Greatwall Motor

Bank of America Merrill Lynch, in its report, stated that according to forecasts from LMC, emerging market should step into an upcycle for vehicle purchases in 2016-17, with a growth of 6% and 10% respectively.

The research house believed that the upcycle will open up new export opportunities for GEELY AUTO (00175.HK) and GREATWALL MOTOR (02333.HK).

Bank of America Merrill Lynch believed that a 2% RMB depreciation in 2016 from the current level should generate a 0.2-0.44% upside on 2016 EPS, while a 8% devaluation should contribute to a 0.5-2.2% growth.

If RMB depreciate by 4-5% CAGR over 2015-2030, the equity value of the two companies will have an upside of 8-15% which may speed up overseas expansion.

Source: AAStocks Financial News
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Re: Automobile Industry (incl New Energy Vehicles)

Postby winston » Sat Aug 15, 2015 7:31 am

U.S. auto debt surges past $1 trillion

http://thecrux.com/u-s-auto-debt-surges ... xt-bubble/
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Re: Automobile Industry (incl New Energy Vehicles)

Postby winston » Tue Sep 08, 2015 10:15 am

China - CAAM: Aug Car Dealers' Inventories Fall Below Boom-Bust Line; Indicating Pick-Up of Market

Sep 2, 2015

According to China Association of Automobile Manufacturers (CAAM), China's auto dealers' inventory early warning indicator stood at 48.7% in August, down 4.7 ppt from a month ago, cs.com.cn reported.

The indicator dropped below the boom-bust line after staying above the line for ten months, indicating a pick-up in the car market.

Source: AAStocks Financial News
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Re: Automobile Industry (incl New Energy Vehicles)

Postby winston » Tue Sep 08, 2015 7:24 pm

China Autos Jump On August Sales Bounce: Don’t Overheat By Shuli Ren

Chinese auto makers rallied today after Great Wall Motor (2333.Hong Kong) and Geely Automobile (0175.Hong Kong) reported strong August sales numbers.

Great Wall Motor’s August sales increased 23% from July (or 19% year-on-year) to 58,270 units. SUV sales, its stronghold, rose 23% from July to 49,249 units. Meanwhile, Geely reported a 7% month-on-month growth.

But the quality of this top-line growth is not good. “We believe GWM’s sales recovery in August was partly due to its production cut in July,” wrote Morgan Stanley‘s Jack Yeung and team.

Back in July, Great Wall Motor cut its production to below its wholesale volume, which allowed its dealers to cut their inventories. In other words, the stronger August sales numbers were partly due to simple re-stocking.

Great Wall Motor said dealers were getting excited, restocking for the peak season in September and October. “Absent a meaningful sales rebound at the retail level, we would not be overly excited by sales growth driven by dealer restocking.

In fact, we view dealer inventory levels as the lead indicator for retail pricing, and any sign of over optimism by OEMs to push for sales is a signal for continued deterioration of pricing in China,” wrote Barclays‘ Yang Song.

In Hong Kong today, Great Wall Motor jumped 13.1%, Geely Automobile rose 11.3%, Brilliance China (1114.Hong Kong) rallied 8.1%, Dongfeng Motor (489.Hong Kong), which partners with Japan’s Nissan, gained 6%, BYD (1211.Hong Kong) was up 3.3%.

Korea’s Hyundai Motor (005380.Korea), a big player in China’s auto market, jumped 3.3%; Japan’s Nissan (7201.Japan) rose 1.4% but Toyota Motor (7203/Japan/TM) was little changed. General Motors (GM), another large player in China, retreated 17.3% this year.

Source: Barron's Asia
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Re: Automobile Industry (incl New Energy Vehicles)

Postby winston » Wed Sep 09, 2015 1:20 pm

China Aug Passenger Car Sales Volume Up 0.6% YoY

According to statistics of National Passenger Car Information Exchange Association, China sold 1.444 million units of passenger cars in a broader sense in August 2015, representing a year-on-year and month-on-month increase of 0.6% and 10.7%.


Source: AAStocks Financial News
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