Industry Coverage Looks into Automakers as Many Report Record Car Sales

LONDON, UK / ACCESSWIRE / July 5, 2016 / Active Wall St. announces its industry coverage on the following stocks within the Automobile industry: Ford Motor Co (NYSE: F), Fiat Chrysler Automobiles N.V. (NYSE: FCAU), Honda Motor Co. (NYSE: HMC), Toyota Motors Corp. (NYSE: TM), and General Motors Co. (NYSE: GM). Register with us now for your free membership and get more on our industry coverage at:

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SUV and trucks on the rise

U.S. consumers’ car mantra seems to be ‘bigger the better’. Going by the recent market trends, they are opting for crossover sports utility vehicle (SUV) over passenger cars. Automakers reported increase of June sales in SUVs and trucks. There was an increase of 1.5 % to 8.65 million in total sales for the first six months, surpassing last year’s record of 8.5 million, according to research firm Autodata Corp. However, owing to weaker demand for passenger cars, the overall annual sales speed came down to 16.67 million, the lowest in 13 months.

Today, AWS is promoting its industry coverage with emphasis on F, FCAU, HMC, TM, and GM. Get all of our reports for free by signing up to http://www.activewallst.com/register/.

Ford Motor Co., Fiat Chrysler Automobiles N.V., Honda Motor Co., Nissan, and Hyundai all reported growth even as Toyota Motors Corp. and Volkswagen suffered setback in sales. Volkswagen’s diesel emissions cheating scandal has been the major reason for the dip in the company’s sales of 22% to 23,809.

Sales of General Motors Co., the largest U.S based car manufacturer, also declined 1.6%. Meanwhile, General Motors blamed the drop in its sales to ongoing cuts in low-profit sales to rental car companies. The company’s individual buyers increased by 1% thanks to the Cadillac brand which sold 6% more, while Chevrolet and Buick managed average sales as compared to June last year. Sign up for more on GM:

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Ford Motor’s best-seller, the F-Series pickup truck, surged 29% to nearly 71,000 vehicles, resulting in an increase of 6% in the overall sales to 240,109. Even their luxury vehicle Lincoln went up by 6%, but its car sales went down by 12%. Ford said this was the company’s best June sales in 11 years. Register for the free research on F:

http://www.activewallst.com/registration-3/?symbol=F

Honda Motor cars and truck sales were on a rise as there was a 3% increase in sales with 138,715 vehicles being sold. The setback though for Honda was that Acura brand dropped 27%. Get access to free research on HMC:

http://www.activewallst.com/registration-3/?symbol=HMC

Fiat Chrysler reportedly sold 197,073 automobile units in June 2016 compared to 185,035 in 2015.

Nissan’s new Maxima sedan sold more than double compared to last year, and the Frontier pickups and Roguecrossover SUVs seemed to lure buyers as their US sales rose to 140,553 vehicles compared to 124,228 in 2015, making it its best June sales.

Toyota Motor’s sales declined 6% to 198,257. The company blamed the shortage of SUVs and weak sales of cars like Prius, which saw sales drop 27%, though their luxury Lexus SUVs demand was up 11%.

Hyundai Motor sold nine more vehicles this June compared to last June, for a total of 67,511. Its new Tucson SUV was a hot property with its sales nearly doubling from a year ago, but all of its other cars saw few takers.

Share Market Worry

Even though the car makers are setting records for car sales, investors are indicating doubts about automakers. Shares of auto makers such as General Motors and Ford Motor have declined sharply as compared to the broader market. This can be attributed to the worries that auto sales may have peaked and that the slowdown in China, the world’s largest car market, may be worse than expected.

Since the beginning of the year, stock price of Ford has declined 4.84%, while General Motors has lost 11.06%; Fiat Chrysler’s stock has crashed 30.67%.

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