Big 3 Car Sales Crash Continues, Accelerate Lower in July

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  • #10781
    TradersCom
    Keymaster

    [article]96[/article]

    #10782
    Helmholtz Watson
    Participant

    The only consistent here is the Big 3 sales keep crashing and their in-house economists and the stock analysts complete misreading how bad these sales are. Ignorance or wanton neglect ?

    #10783
    Assistanc3
    Participant

    Auto parts supplier Magna feeling the pinch of auto sales data

    #10784
    Assistanc3
    Participant

    [quote=”Helmholtz Watson” post=505]The only consistent here is the Big 3 sales keep crashing and their in-house economists and the stock analysts complete misreading how bad these sales are. Ignorance or wanton neglect ?[/quote]

    I believe the auto majors are fairly priced
    the P/E multiples are very low and have a dividend paying well above the UST10 yr (other then FCAU, which is not paying a dividend.)

    one the most surprising things might just be the short float which range from 2.5 to 3.6%
    which is rather low considering everyone was expecting a slowdown in auto sales

    If you could pick 1 of the 3 to “get it right” in the electric vehicle market
    over the next 10-20 years, that investment should do rather well

    #10787
    Assistanc3
    Participant

    July U.S. Auto Sales

    General Motors (NYSE:GM) unit sales -15.4% to 226,107
    Toyota (NYSE:TM) unit sales +3.6% to 222,057
    Ford (NYSE:F) unit sales -7.5% to 200,212

    Fiat Chrysler Automobiles (NYSE:FCAU) unit sales -10.48% to 161,477
    Honda (NYSE:HMC) unit sales -1.2% to 150,980
    Nissan (OTCPK:NSANY) unit sales -3.2% to 128,295

    Kia Motors unit sales -6.0% to 56,403
    Subaru unit sales +6.9% to 55,703
    Hyundai unit sales -28% to 54,063

    Mazda unit sales -3.0% Y/Y to 27,089
    Volkswagen unit sales -5.8% to 27,091
    BMW unit sales -13.7% to 26,363
    Mercedes-Benz unit sales -9.2% to 25,909
    Audi unit sales +2.5% to 18,824
    Porsche unit sales flat at 3,901

    #10792
    TradersCom
    Keymaster

    Thanks for updating the later ones – good point on if one gets it right – their is the nissan leaf and chevy volt at this point. Looking forward to an Audi beast for mine

    #10797
    Assistanc3
    Participant

    my horse in this race is Magna

    doesn’t matter what car wins, they will need windows, doors and etc parts that $MGA makes

    #10800
    TradersCom
    Keymaster

    [quote=”Assistanc3″ post=521]my horse in this race is Magna

    doesn’t matter what car wins, they will need windows, doors and etc parts that $MGA makes[/quote]

    Good rationale there

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