U.S. Auto Stock’s To Watch – CWEB.com

carnews

U.S. Auto Stock’s To Watch – CWEB.com

U.S. auto sales are expected to drop 4.1% Y/Y in February to 1.273M units as the industry pullback continues.

The research firm notes that automakers have backed away from the aggressive incentives level of last year.

The expected 2017 dip could mark the start of a longer slide.

The National Automobile Dealers Association on Friday projected 2018 sales of 16.7 million vehicles, while Autotrader.com and Kelley Blue Book projected 16.6 million.

General Motors (NYSE:GM) -3.0% to 230K, Ford (NYSE:F) -6.0% to 195K, Toyota (NYSE:TM) flat at 174K, Fiat Chrysler (NYSE:FCAU) -12.6% to 147K, Nissan (OTCPK:NSANY) -4.9% to 129K, Honda (NYSE:HMC) -3.5% to 117K, Hyundai/Kia (OTCPK:HYMLF) -5.7% to 90K, Volkswagen (OTCPK:VLKAY) +2.9% to 40K.

Comments


CWEB.com is not registered as an investment adviser with the U.S. Securities and Exchange Commission. Rather, CWEB.com relies upon the “publisher’s exclusion” from the definition of investment adviser as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.

Full Disclaimer

%d bloggers like this: