For Immediate Release
Chicago, IL – October 4, 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 Toyota Motor Corp. (TM - Analyst Report) , General Motors Company (GM - Analyst Report) , Ford Motor Co. (F - Analyst Report) , Fiat SpA and Honda Motor Co. (HMC - Analyst Report) .
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: https://at.zacks.com/?id=5513
Here are highlights from Wednesday’s Analyst Blog:
U.S. Auto Sales Best Since March ‘08
In September, U.S. auto sales reached its highest monthly seasonally adjusted annual rate (SAAR) of 14.9 million vehicles since March 2008, four months after the global economic recession set in. On a SAAR basis, sales went up 13.7% from 13.1 million vehicles in September last year while total sales grew 13% to 1.19 million vehicles during the month under study.
The remarkable improvement in sales can be attributable to strong pent-up demand when the average age of vehicles is nearly 11 years, cheap financing when average interest rate was 4.1% – the second-lowest rate since December last year, launch of several redesigned and fuel-efficient vehicles, rebound in consumer confidence and the major comeback of Toyota Motor Corp. (TM - Analyst Report) , the world’s third largest automaker by sales volume. Let us peek into the individual automakers’ sales.
General Motors Company (GM - Analyst Report) sales rose a tad 1.5% to 210,245 vehicles as a surge in car sales was offset by lower truck sales in September. GM’s impressive car sales were mainly driven by a 43% rise in sales of the Chevrolet Cruze compact car and a fivefold increase in sales of the Chevrolet Sonic subcompact. However, sales of GM’s top-selling pickup Chevy Silverado fell 17% during the month.
Ford Motor Co. (F - Analyst Report) sales were flat at 174,976 vehicles as higher sales of cars and utilities were offset by poor sales of trucks, which comprise 38.7% of the company’s sales. Focus was the top selling car of the company with a 91.4% rise in sales to 19,736 units. Despite registering a meager 1.2% growth in sales, F-Series pickup reached its best September since 2007 with sales of 55,077 units.
Chrysler Group LLC – controlled by Italy’s Fiat SpA – saw its best September since 2007 with sales of 140,041 vehicles, up 12% from the year ago level. The improvement in sales was driven by an impressive 89% jump in sales of the company’s midsize sedan Dodge Avenger.
Toyota Motor posted an astounding 41.5% jump in sales to 171,910 vehicles. The company’s sales increase can be attributable to commendable sales of Corolla (42.6%) and Camry (37.8%) sedans, Prius cars (103.0%) and Tacoma pickup trucks (48.9%).
Honda Motor Co. (HMC - Analyst Report) sales soared 31.0% to 117,211 vehicles during the month. The company’s strong sales growth can be attributable to impressive sales of Acura luxury lineups (up 44.0%), Accord sedan (up 57%) and Civic compact car (57%).
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. The replacement rate is expected to remain solid till 2013. Industry sales are expected to grow 13.3% to 14.5 million vehicles on a SAAR basis in 2012 from 12.8 million vehicles last year.
Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: https://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: https://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 https://at.zacks.com/?id=5518.
Visit https://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