The Zacks Analyst Blog Highlights: Nissan Motor, Ford Motor, General Motors,
Toyota Motor and Honda Motor
CHICAGO, May 7, 2013
CHICAGO, May 7, 2013 /PRNewswire/ --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 Nissan Motor Co. (OTC:NSANY),
Ford Motor Co. (NYSE:F), General Motors Company (NYSE:GM), Toyota Motor Corp.
(NYSE:TM) and Honda Motor Co. (NYSE:HMC).
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 Monday's Analyst Blog:
April Auto Sales Slip Below 15 Million
Auto sales in the U.S. slipped below seasonally adjusted rate (SAAR) of 15
million units to 14.92 million vehicles in April for the first time since
October last year due to weak commercial customer (fleet) sales. However, it
increased from the year-ago level of 14.42 million units by 3.5%. Total
vehicle sales rose 8.5% to 1.29 million vehicles in the month.
Among the six major automakers (U.S. and Japanese), Nissan Motor Co.
(OTC:NSANY) topped all the automakers in terms of sales growth. Let us look at
the sales figure by individual automakers.
Ford Motor Co. (NYSE:F) sales rose 18.0% to 211,984 vehicles, driven mainly by
strong demand for its redesigned Escape SUV. Escape sales surged 52% to 25,826
units, making the best April since the model went on sale 13 years ago. Sales
of Ford's F-Series pickup, the best-selling vehicle in the U.S., grew 24% due
to continuous demand from homebuilders and other businesses.
General Motors Company (NYSE:GM) posted an 11.4% rise in sales to 237,646
vehicles in April, driven by strong sales of its all four brands and
especially Chevrolet Silverado pickup truck. Sales increased 11% for
Chevrolet, 34% for Cadillac, 11% for Buick and 7% for GMC. Silverado sales
escalated 28% to 39,395 units.
Chrysler Group recorded an 11.0% rise in sales to 156,698 vehicles, driven by
strong sales of Ram pickup truck. Ram pickup sales soared 49% to 32,124 during
the month. Jeep brand sales grew 2% to 39,426 units but Chrysler brand sales
dipped 13% to 27,836 units.
Toyota Motor Corp. (NYSE:TM) sales slid 1.1% to 176,160 units due to weak car
sales. Car sales in the month went down 9.5% to 89,956 units but truck sales
improved 11.6% to 68,113 units. Toyota's revamped RAV4 posted best-ever April
sales of 18,541 units, a 22% rise from the prior year.
Honda Motor Co. (NYSE:HMC) recorded a 7.4% rise in sales to 130,999 vehicles
driven by strong sales gain (12%) of CR-V, which posted its best April ever.
Sales of Honda's popular Accord sedan fell 5.2%, while Civic sales rose 8.3%
in the month.
Nissan Motor posted an impressive 23.2% rise in sales to 87,847 vehicles.
Nissan Division sales rose 24.6% to 80,003 units, driven by models like
Altima, Pathfinder, Sentra and Rogue. Sales of Infiniti vehicles grew 10% to
7,844 units in the month.
Strong pent-up demand, easier car finance and improving macroeconomic
conditions will continue to act as a catalyst to rejuvenate U.S. auto sales to
the pre-recession level. Good news is that improving auto sales will also help
the overall economic recovery in the U.S., being a key industry for growth.
Despite some headwinds, full year sales are expected to exceed 15 million
units compared with 14.5 million units in 2012.
GM expects a 7% rise in industry sales in 2013. Meanwhile, Ford predicted an
8% gain in the year, which reflects more than threefold rise compared with the
overall economic growth of 2%–2.5% forecasted by the automaker.
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
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
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:
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
Zacks Investment Research
800-767-3771 ext. 9339
SOURCE Zacks Investment Research, Inc.
Press spacebar to pause and continue. Press esc to stop.