For Immediate Release
Chicago, IL – September 06, 2012 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include General Motors Company (GM - Analyst Report), Ford Motor Co. (F - Analyst Report), Fiat SpA , Toyota Motor Corp. (TM - Analyst Report) and Honda Motor Co. (HMC - Analyst Report).
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513
Here are highlights from Wednesday’s Analyst Blog:
U.S. Sees Best August in 5 Years
Light vehicle sales in the U.S. in August improved 19.9% to 1.29 million vehicles, which is the highest monthly figure for any August since 2007. According to Autodata Corp., seasonally adjusted annual rate (SAAR) during the month was 14.52 million vehicles, up 16% from the year-ago level.
The key factors that drove auto sales during the month include easier credit terms and strong pent-up demand. Most of the major automakers posted double-digit rise in sales. Let us take a look at each of them one by one.
General Motors Company (GM - Analyst Report) sales rose 10.1% to 240,520 vehicles driven by strong demand for cars and trucks. Higher gasoline prices boosted sales of compact cars including the Cruze.
Ford Motor Co. (F - Analyst Report) sales grew 12.6% to 197,249 vehicles, mainly driven by strong demand for its Escape sports utility vehicles (SUVs) and F-Series pickup truck. Sales of Escape surged 36.8% to 28,188 units while that of F-series jumped 19.3% to 58,201 units.
Chrysler Group LLC – controlled by Italy’s Fiat SpA – saw its best August in five years with sales of 148,472 vehicles, up 14% from the year ago level. The company’s truck sales grew 12% while car sales went up 21% during the month.
Toyota Motor Corp. (TM - Analyst Report) posted an impressive 45.6% jump in sales to 188,520 vehicles, driven by strong demand for its cars, pickup trucks and SUVs. Sales of vehicles such as Rav4 SUV and Prius hybrid more than doubled during the month.
Honda Motor Co. (HMC - Analyst Report) sales shot up 59.5% to 131,321 vehicles during the month. The company’s strong sales growth can be attributable to impressive sales of Acura (up 73%) and Accord (up 89%).
Strong pent-up demand and improving macroeconomic conditions in the U.S. will continue to revive the industry from recessionary lows, partially offset by the backlash from the economic crisis in Europe.
Average age of vehicles on the U.S. road is 10.8 years. The replacement rate is expected to remain solid till 2013. GM anticipates sales in the range of 14 million to 14.5 million vehicles for full year 2012.
Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5515.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=5517
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=5518.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Zacks Investment Research
800-767-3771 ext. 9339