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Auto Stocks Responding Positively To September Sales Figures, Increased TrueCar Forecast
Thursday, October 1, 2015 - 12:09pm | 369Read More...Stocks in the auto sector were performing strongly Thursday morning, buoyed by news of better-than-expected monthly retail sales and data out of TrueCar Inc (NASDAQ: TRUE), which supported an increased 2015 sales forecast. Also impacting the group, General Motors Company (NYSE: GM)...
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Automotive Giants Report Record May Sales
Tuesday, June 2, 2015 - 10:32am | 299Read More...Fiat Chrysler Automobiles NV (NYSE: FCAU) on Tuesday reported May 2015 sales updates. Here is what the automotive giant experienced in the month: Sales increased 4 percent (best May sales since 2005). Exceeded 200,000 total unit sales for first time in eight years. Jeep Cherokee...
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Exclusive: Ford Motor CFO Continues To See FY15 Profit 'Breakthrough'
Tuesday, April 28, 2015 - 2:50pm | 497Read More...Bob Shanks was recently a guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick. Ford Motor Company (NYSE: F)'s Chief Executive Robert L. Shanks continues to expect 2015 will be "a breakthrough year" for profits based on new products and...
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TrueCar's Latest Vehicle Forecast Is Worth Looking At
Tuesday, April 7, 2015 - 11:32am | 331Read More...In a report published Tuesday, TrueCar Inc (NASDAQ: TRUE) revised its 2015 projection of total light new vehicle sales to 17.1 million units, up from a previous 17.0 million-unit forecast, due to favorable first-quarter deliveries and a strong economic outlook for the rest of the year. TrueCar...
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Auto Roundup: March Retail Sales Mostly Showing Deceleration From Last Year
Wednesday, April 1, 2015 - 11:13am | 564Read More...Auto manufacturers on Wednesday released U.S. March retail sales data which mostly showed deceleration in sales. Here is a breakdown. General Motors: Total Sales Down 2 Percent General Motors Company (NYSE: GM) reported that it delivered 249,875 vehicles in March in the U.S., representing a...
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Citigroup Says 'Go Long Pickups,' Prefers General Motors Over Ford
Wednesday, March 4, 2015 - 11:31am | 272Read More...In a report published Tuesday, Citigroup analyst Itay Michaeli commented on General Motors Company's (NYSE: GM) U.S. February sales data. According to Michaeli, General Motors' below consensus February sales were due to a weather-related slowdown. On the other hand, the sales report did...
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Cars.com Managing Editor On February Auto Sales
Tuesday, March 3, 2015 - 5:48pm | 451Read More...Cars.com Managing Editor and Auto Expert Dave Thomas told Benzinga that rather than focusing on analyst estimates, it was better to look at "how few negative numbers there were" in the February auto sales reports. Thomas noted that weather was bad in February 2014 as well, but that...
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Ford Motor Posts Big Miss For February Sales
Tuesday, March 3, 2015 - 11:43am | 124Read More...Ford Motor Company (NYSE: F) joined the list of automakers posting disappointing February results Tuesday with a 2 percent decline in monthly vehicle sales. Wall Street had expected Ford sales would grow 5.8 percent and the wide miss drove the company's shares down recently to $16.13, off...
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Fiat Chrysler Falls On February Sales Data
Tuesday, March 3, 2015 - 11:15am | 208Read More...Fiat Chrysler Automobiles NV (NYSE: FCAU) shares fell more than 2 percent after the automaker posted lower-than-expected February sales. Fiat Chrysler changed hands recently at $15.45, down 2.5 percent. Fiat Chrysler, formed last year in the merger of the two namesake automakers, said U.S....
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General Motors Misses February Sales Expectations
Tuesday, March 3, 2015 - 11:10am | 229Read More...General Motors Company (NYSE: GM) reported on Tuesday that dealers in the United States delivered 231,378 vehicles in February. Total sales were up 4.2 percent compared to a year ago, below expectations of 6 percent, while retail sales grew 1.4 percent. In a press release, the company...
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Deutsche Bank On December's Auto Sales: Conditions Still Supportive
Tuesday, January 6, 2015 - 10:38am | 213Read More...Rod Lache of Deutsche Bank commented in a note on Monday that December's U.S. auto sales of seasonally adjusted annual rate of 16.8 million was roughly in-line with a projected 16.9 million rate, while sales and pricing remain strong and conditions remain “supportive.” According...
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Cars.com Chief Analyst: Economy, Financing, Interest Rates And New Products Will Keep Showrooms Full In 2015
Monday, January 5, 2015 - 6:01pm | 289Read More...When asked about December auto sales, Cars.com Chief Analyst Jesse Toprak told Benzinga that it was another robust month and a great end to the year. For the last month of the year, Toprak explained that the market saw strong SUV and truck sales. “Low gas prices pushed a lot of...
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Shares Of The Big 3 Fall Amid December Auto Sales Reports
Monday, January 5, 2015 - 2:08pm | 243Read More...Auto manufacturers on Monday announced December sales. Here is a recap of major U.S. manufacturers sales data: General Motors Company (NYSE: GM) reported its U.S. auto sales rose 19.3 percent from a year ago in December, topping analysts expectations of 13 percent growth. Dealers in the U.S....
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Ford's December Sales Disappoint, Shares Fall 3%
Monday, January 5, 2015 - 11:16am | 166Read More...Ford Motor Company (NYSE: F) reported December sales of 220,671 vehicles, up 1 percent from a year ago and the “best December sales since 2005” according to the company, but well below analyst expectations of a nearly 3 percent increase. Ford reported sales of 2,480,942 vehicles in...
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Fiat Chrysler Reports December U.S. Auto Sales Rose 20%
Monday, January 5, 2015 - 11:02am | 185Read More...Fiat Chrysler Automobiles NV (NYSE: FCAU) on Monday reported U.S. December sales rose 20 percent from a year ago, as the company sold 193,261 total vehicles. December's sales data marked the company's best December in a decade and marks the 57th consecutive month of year-over-year sales...
