Report Abuse


Search This Blog

Arsip Blog

Follow by Email

About Us



Subcribe Now

Subscribe New Articles

Subscribe to Our Newsletter for Get Quality Updates on Your Email. It's Free!


Latest Posts

U.S. Auto Sales: Ford, GM Sales Shrink In Q2 As Key Pickup Truck Sales Slow

Ford Motor

Ford Motor (F) on Wednesday joined General Motors' (GM) in reporting that U.S. auto sales shrank in the second quarter, with their key F-series and Silverado pickup trucks falling along with passenger cars. Ford stock rose Wednesday and GM stock fell.

The Ford Q2 report Wednesday follows quarterly or monthly U.S. auto sales reports from GM, Fiat Chrysler (FCAU) and others on Tuesday, along with Tesla (TSLA) delivery and production figures.

All major automakers saw new-vehicle sales decline over the first six months of the year. Higher vehicle prices coupled with more nearly new, off-lease vehicles on the market curbed demand, experts say.

Among companies reporting monthly sales, Fiat Chrysler posted a surprise gain for June, lifted by Ram pickups. Toyota Motor (TM) reported June sales fell roughly in line with estimates. Honda Motor (HMC) and Nissan (NSANY) sales slumped worse than expected.

In October, Fiat Chrysler will join GM and Ford in the switch to quarterly sales reporting.

June U.S. Auto Sales Top Views

U.S. auto sales for June came in a seasonally adjusted annual rate of 17.4 million, auto site Edmunds said. That was flat vs. May and up slightly vs. 17.3 million a year earlier. That beat estimates for a decline to 16.8 million.

New vehicle unit sales shrank 1.8% in the first half of 2019 vs. the year-ago period, as higher vehicle prices kept buyers away, the consultancies estimated.

Ford Motor

Ford Q2 sales declined 4.1% to 650,336. Sales had dipped 1.6% in the first quarter.

In Q2, truck sales rose 7.5%; SUV sales retreated 8.6%; and passenger cars cratered 21.4% as Ford all but exits that market.

Ford's pickup sales hit a 15-year high last quarter. That came despite a 1.3% dip for its flagship F-series trucks, with the newly introduced Ranger more than doubling sales vs. Q1. And sales of commercial F-650 and F-750 trucks grew 83% combined. F-series pricing grew $1,200 from a year ago.

Volumes fell 4% for the Ford brand in Q2 and 7% for Lincoln.

Over the first half of 2019, total Ford sales are down 2.9% to 1,240,585.

Ford stock gained 0.8% to 10.20 as it eyes a potential 10.60 flat-base buy point.

Ford Motor

General Motors

GM delivered 746,659 vehicles in the second quarter, down 1.5% year over year. General Motors' U.S. auto sales had fallen 7% in Q1.

In Q2, volume fell 5.3% at Chevrolet, by far GM's biggest brand by unit sales. That included a big decline for Silverado trucks, and even steeper declines for Cruze and Volt sedans. GM is dropping six car models, including the Cruze and Volt, as consumers continue to shift to crossovers and SUVs.

Volumes grew 4.7% for Buick last quarter, 1.3% for Cadillac, and 9.8% for GMC.

Fleet sales made up 23% of total sales, driven by commercial and government customer demand. Average transaction prices rose to $37,126.

New Audi RS 3 Sportback 2019 review

Year to date, total GM auto sales in the U.S. are down 4.2% to 1,412,499.

GM stock fell 0.5% to 38.16. Shares have been meeting resistance near the 40 level. The relative strength line is lagging. The RS line, shown in blue in the chart below, tracks a stock's performance against the S&P 500.

 General Motors

Tesla Deliveries

Tesla delivered 95,200 vehicles worldwide in Q2, in line with its forecast for 90,000 to 100,000 cars worldwide. But it was much better than Wall Street views for 91,000, driven by the Model 3. Shipments included 77,550 Model 3 sedans deliveries and 17,650 of the older, more expensive Model S and Model X.

Tesla stock rose 4.6% in Wednesday's stock market trading, but closed near session lows.

Here is how Fiat Chrysler and other major automakers performed in June against Cox Automotive expectations, showing sales volume as well as growth or decline vs. a year ago:

Fiat Chrysler

June auto sales estimate: 198,000; down 2.1%.

Results: Fiat Chrysler sold 206,083 vehicles, up 2%, for its best June in 14 years. Ram brand sales jumped 45%, driven by a 56% gain for pickup trucks, and offset declines for the Jeep, Chrysler, Dodge, Fiat, and Alfa Romeo brands.

Fleet sales totaled 49,495 vehicles, making up 24% of total sales.

Year to date, Fiat Chrysler sales are down 2% to 1,096,110 vehicles.

"Ram has been on a tear since we made the strategic decision to enter the year with a three-truck strategy," Fiat Chrysler's head of U.S. sales Reid Bigland said. The new Ram 1500, Ram Classic and Heavy Duty are all drawing in customers, he added.

Fiat Chrysler stock climbed 2.1% Wednesday after Tuesday's 0.7% increase.

Toyota Motor

June auto sales estimate: 203,000; down 3.1%

Results: Toyota sold 202,352 vehicles; down 3.5%. Volumes fell 3.5% in the Toyota division and 3% at Lexus. Total car sales fell 2.8% and total truck sales slipped 0.1%.

Hybrid sales were a highlight for June, up 31.7% for Toyota and 21.3% for Lexus.

Year to date, Toyota Motor sales are down 3.1% to 1,152,108 vehicles.

Toyota stock retreated 0.1% Wednesday after Tuesday's 1% gain.

Honda Motor

June auto sales estimate: 145,000; down 1.1%

Results: Honda Motor sold 135,901 vehicles, down 7.3%. Sales fell 6.3% at the Honda division and 16.4% at Acura. Total car sales declined 9.1%. Total truck sales fell 5.7%.

Year to date, Honda Motor sales have fallen 1.4% to 776,995 vehicles.

Honda Motor stock dipped 0.15% after a slight decline Tuesday.


June auto sales estimate: 133,000; down 8.3%

Results: Nissan sales totaled 123,504 vehicles, down 14.9%. Volumes fell 15.4% in the Nissan division and 8% at Infiniti. Total car sales dived 19.1% and total truck sales shrank 11.4%.

Year to date, Nissan sales are down 8.2% to 717,036 vehicles.

Nissan stock fell 1.45% after edging lower Tuesday.

Source : investors.com
Related Posts
Mustaqim Jaed
Saya Seorang Yang Hoby Menulis Dan Menggambar.

Related Posts

Subscribe to get free updates

Post a Comment