The Zacks Analyst Blog Highlights: Ford Motor, General Motors, Toyota Motor,
Honda Motor and Nissan Motor
CHICAGO, May 13, 2013
CHICAGO, May 13, 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 Ford Motor Co. (NYSE:F), General
Motors Company (NYSE:GM), Toyota Motor Corp. (NYSE:TM), Honda Motor Co.
(NYSE:HMC) and Nissan Motor Co. (OTC:NSANY).
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 Friday's Analyst Blog:
China Auto Sales Rise 13% in April
According to the China Association of Automobile Manufacturers (CAAM), total
vehicle sales rose 13.4% to 1.8 million units in Apr compared with 13.2% to
5.4 million units in the first quarter of the year and 4.3% to 19.3 million
vehicles in 2012.
Passenger vehicle (cars, multipurpose and sport- utility vehicles) sales rose
13.0% to 1.4 million units while commercial vehicle sales scaled up 15% to
400,300 units in April. For the first four months of the year, passenger
vehicle sales rose 16.2% to 5.9 million units while total vehicle sales
escalated 13.2% to 7.3 million units, according to CAAM.
Auto sales in the world's largest market rose despite a fall in economic
growth to 7.7% in the first quarter of the year from 7.9% in the previous
quarter. The growth can be attributable to government-backed investments and
easier bank finance.
Ford Motor Co. (NYSE:F) and its joint ventures in China posted an impressive
37.0% gain in sales to 75,331 vehicles driven by strong demand for Ford Focus
and new Kuga models. Sales of Ford passenger car joint venture, Changan Ford
Automobile, soared 55.0% to 52,713 vehicles. Ford's commercial joint venture
Jiangling Motors sold 20,731 units during the month.
Ford has embarked upon an aggressive expansion plan in China that includes
plans to triple its lineup in China by introducing 15 models, including the
Kuga small sport utility vehicle by 2015. Currently, the company sells seven
models in the country. Ford's crosstown rival General Motors Company (NYSE:GM)
and its Chinese joint venture partners sold 261,870 vehicles in the month, up
15.3% from Apr 2012.
Japanese automakers continued to be the losers due to the political conflict
between Beijing and Tokyo over disputed islands in the East China Sea. Sales
of Japanese brands, including Toyota Motor Corp. (NYSE:TM) and Honda Motor Co.
(NYSE:HMC), fell 4.9% year-over-year during the month.
Nissan Motor Co. (OTC:NSANY) is the only automaker that depicted a 2.7% rise
in sales to 102,800 vehicles in April, after a series of monthly declines.
Toyota and Honda reported a 6.5% and 2.4% decline in sales to 76,400 units and
60,596 units, respectively.
According to the Chinese government, total vehicle sales in China are expected
to rise 7.8% to 20.8 million vehicles in 2013 from 19.3 million last year, led
by strong demand for passenger vehicles and economic recovery. The CAAM
believes SUVs will remain the fastest- growing segment in the year while
commercial vehicles will record a moderate gain in sales.
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