05 April, 2017
Tesla's stock surged almost 6% on Monday to an all-time high after the maker of electric cars reported strong sales of its Model S and Model X vehicles.
Ford Motor Company (NYSE:F) released its 2016 annual report, which details the progress Ford made a year ago in its continued expansion to be an auto and mobility company.
The end result: The annualized pace of USA auto sales has fallen to 16.7 million, versus an expected advance to a 17.2 million unit clip. Silverado's overall March sales fell 11.6%, and the Sierra declined by 14.3%. Equities analysts anticipate that Ford Motor Company will post $1.59 earnings per share for the current year. "But there are several areas of concern this year lurking just below the surface".
Long story made short, with the mostly meaningless exception of Nissan Motor Co Ltd (ADR) (OTCMKTS:NSANY), all the major auto brands in the U.S.
While SUV sales were key to those increases, sedans also bolstered the numbers.
General Motors Company (GM) plunged 4.2% or $1.48 to $33.88 after the automaker reported total sales in March increased 1.6% to 256,224 units and retail sales in the month jumped 5% to 203,113 units.
FCA reported a 5 percent drop for the month. Nissan was once again led by the Rogue small SUV, which set a March sales record of almost 40,000 vehicles for a 20 percent increase. The difference between Actual EPS and Estimated EPS was 0.11 Percent.
"In March, fleet sales of 43,992 units were down 15 percent year over year as FCA US continues its strategy of reducing its sales to the daily rental segment", FCA reports on its website. Inventories have been bloated since the end of 2016.
In related news, insider Stefan Jacoby sold 2,540 shares of General Motors Company stock in a transaction that occurred on Monday, January 9th.
NJ Transit train derails at NY Penn Station
In major cities like NY and Philly, you also can also avoid traffic (like I-95's never-ending construction) by taking the train. He's absolutely correct that NJ Transit is the "absolute worst" and also "incompetent", but he didn't end up missing the game.
Anthony Lynn believes Adrian Peterson will have 'a hell of a season'
The Patriots have yet to re-sign top 2016 running back LeGarrette Blount and are reportedly preparing for him to sign elsewhere . Versatile back Dion Lewis and Super Bowl LI hero James White are already under contract with the Patriots for the 2017.
Twitter eases 140-character limit in replies
The @usernames will be displayed above the message and users can still decide on whom they want to be the part of conversations. Now, this not only makes it easier to see who is being replied to but makes it a lot safer to have multi-user conversation.
Overall Canadian sales were driven by an 11.1 percent increase in consumer demand for pickups and sport utility vehicles during the month, which more than offset a 0.3 percent dip in passenger auto sales.
For example, General Motors Co (the #1 automaker in the US) reported only a 2 percent growth in sales last month-to 256,000-mostly as a result of the Tahoe and Suburban SUV models have their best sales month in almost a decade.
In addition, GM's average transaction prices were approximately $34,000 in March, in line with last year's levels.
Lincoln-branded retail sales were up 5%, with cars gaining 11% and SUVs up 2%.
One interesting detail within Lincoln's sales data was that passenger auto retail sales were up 11%, while SUVs gained only 2%.
General Motors Co (GM.N) and Fiat Chrysler Automobiles NV (FCHA.MI) (FCAU.N) shares both fell nearly 4 percent, while Ford Motor Co (F.N) was off 3 percent. Honda's sales also were off, by 2 percent.
"Many automakers are looking for signs of market stability as consumers continue to head towards trucks and SUVs", Jeff Conrad, senior vice president of Honda's USA sales unit, said in a statement.
Indeed, both General Motors Co and Fiat Chrysler Automobiles NV shares fell almost 4 percent. Auto sales fell 8.7% to 67,342 units, while sales of crossovers, sport-utility vehicles and pickup trucks increased 8.4% to 69,885. In contrast, Fiat Chrysler (FCAU) and Tesla (TSLA) both have delivered impressive returns of about 19.8% and 30.2%, respectively, during the same period. A sell-off in auto stocks sent GM down 3.4 percent, Fiat Chrysler down 4.8 percent and Ford lower by 1.7 percent. Image source: Ford Motor Company. Goldman Sachs Group Inc restated a neutral rating on shares of General Motors Company in a research note on Monday, March 6th.