Published: Ср, Апреля 05, 2017
Technology | By Tonya May

FCA leads Canada auto sales in March, GM sales jump 27 pct

FCA leads Canada auto sales in March, GM sales jump 27 pct

Vehicle sales were off 8.7 percent, while truck and SUV sales rose 8.4 percent. One leading indicator investors can watch is consumer confidence, which continues to trend higher, since auto sales and other big-ticket purchases typically remain strong when confidence is high. Through the first three months of the year, sales of the F-Series are up more than 10% compared to last year's first quarter, and topped 205,000 units.

Toyota's vehicle sales tumbled 9.9% to 97,703 units. In March, auto sales only accounted for 39% of total industry sales.

Total sales compare to an estimate of 234,000 by analysts Kelley Blue Book (KBB), who also estimated an average transaction price of $38,220, up 3.4% year over year and down 0.8% compared with February's average selling price. "But there are several areas of concern this year lurking just below the surface".

Monaco was recently the sales manager of private and commercial vehicles in Turin, Italy, for Central Africa and finally became the sales manager of all brands of the company for Africa and the Middle East.

While looking at the Stock's Performance, General Motors Company now shows a Weekly Performance of -1.56%, where Monthly Performance is -9.71%, Quarterly performance is -0.92%, 6 Months performance is 9.83% and yearly performance percentage is 19.6%.

Automakers are approaching a "slippery slope" regarding incentives, said Jeff Schuster, an analyst at LMC Automotive. The Rogue small SUV set a March sales record of almost 40,000 vehicles, 43 per cent increase.

Some buy side analysts are also providing their Analysis on General Motors Company, where 1 analysts have rated the stock as Strong buy, 6 analysts have given a Buy signal, 13 said it's a HOLD, 1 reported it as Underperform and 0 analysts rated the stock as Sell. The stock of Lucara Diamond Corp (TSE:LUC) has "Market Perform" rating given on Thursday, February 25 by BMO Capital Markets.

On inventories, GM said it expects inventory levels at the end of 2017 to be same as that in 2016.

Ford, Fiat Chrysler, Toyota and Honda all said their overall sales decreased in March as passenger auto sales kept falling. The company had Year Ago Sales of 37.26 Billion.

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Nissan Motor Co. sales rose 3.2 percent, beating analysts' estimates for a 2.8 percent gain.

The company's average transaction pricing rose $1,800 in March. Retail auto sales advanced 11 percent and SUVs added two percent.

The yield on the 10-year Treasury note fell to 2.33 percent from 2.39%.

All of the Big Three motor companies saw their stocks dip on Monday; GM fell 3.37 percent, Ford fell 1.72 percent and Chrysler was down 4.76 percent.

Tesla also inched closer to GM, whose stock fell 4% after it reported both a sales increase that was well below forecasts and higher inventories. The automaker said auto volume dropped 15 percent while truck sales surged 29 percent, with record truck volume of 77,258 at the Nissan brand.. Following the completion of the transaction, the insider now directly owns 85,735 shares in the company, valued at $3,181,625.85.

Ford shares were down 2.45 percent at $11.35.

A glance at Lincoln's total sales for March doesn't do its month justice.

Nissan reported a 3.2% increase, while Honda posted a 0.7% decline. Instinet raised their target price on shares of Ford Motor Company from $14.00 to $14.50 and gave the company a buy rating in a research note on Wednesday, December 21st.

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