W***n
发帖数: 11530 | | W***n
发帖数: 11530 | 2 they r taking market shares from jap manu | a*****a
发帖数: 1385 | 3 Where did you see that?
【在 W***n 的大作中提到】
: beat t hell of jap cars
| W***n
发帖数: 11530 | 4 GM, Ford zoom past November sales expectations
Nathan Bomey , USA TODAY 3:55 p.m. EST December 1, 2016
Buoyed by renewed economic confidence following the presidential election,
consumers flocked into domestic automaker dealerships in November.
General Motors and Ford Motor outperformed expectations, giving their stocks
a boost Thursday.
With U.S. stocks hitting record highs, easy credit, strong employment and a
solid housing market, car shoppers had little reason to hesitate in the
showroom.
Plus, deals were plentiful. One contributing factor was Black Friday
promotions, which are having an increasingly sizable effect on the month's
output.
"Black Friday has become one of the cornerstone selling events in automotive
now," Ford U.S. sales chief Mark LaNeve said in a conference call.
Discounts as a share of vehicle price rose 13% over a year earlier,
according to TrueCar. Incentives now average $3,475 per vehicle industrywide
. That will cut into profits as automakers jockey for market share. But on
the whole, November was still quite lucrative for the industry.
Overall U.S. auto sales increase projections ranged from 2.7% at Edmunds.com
to 4.2% at Kelley Blue Book.
Here's the breakdown for the major domestic automakers:
General Motors
GM outperformed expectations, as overall sales rose 10.2%. That included an
8% gain in retail sales, which are more profitable than sales to fleet
customers. Analysts at Edmunds.com and Kelley Blue Book projected overall GM
sales increases of 8.4% and 8.6%, respectively.
The automaker's four U.S. brands recorded increases, with Chevrolet up 8.1%,
GMC up 14.1%, Cadillac up 14.5% and Buick up 16.1%.
The company said it is ahead of its planned pace of selling down 2016
inventory, an encouraging sign for pricing and therefore profitability. GM
stock jumped 5.5% to $36.44 by late afternoon.
Ford Motor
Ford's sales increased 5.1% for the month to 196,441 vehicles, easily
beating expectations. That included a 10% increase in retail sales,
bolstering the bottom line. The company's flagship Ford brand was up 4.5%.
Its luxury Lincoln brand continued its hot streak, rising 19.1%.
Ford stock rose 5% to $12.56 by late afternoon.
Analysts at Edmunds.com and Kelley Blue Book had projected overall Ford
sales increases of 0.8% and 0.1%, respectively.
Fiat Chrysler
Fiat Chrysler was the exception to the industry rule in November. Its sales
fell 14.3%. Analysts at Edmunds.com and Kelley Blue Book projected sales
decreases of 14.2% and 4.5%, respectively.
The company said its retail sales fell 2%, but a massive 42% slide in its
fleet sales reflected what Fiat Chrysler said was an effort to cut less
lucrative sales to rental car companies.
Jeep brand sales declined 12.3%, Chrysler tumbled 46.8%, Dodge fell 20.7%
and Fiat declined 14.5%. The only bright spot was the Ram truck and van
brand, which rose 12%.
Contributing: Brent Snavely of the Detroit Free Press.
Follow USA TODAY reporter Nathan Bomey on Twitter @NathanBomey |
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