For Absolute Release
Chicago, IL – January 8, 2020 – Zacks.com announces the account of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts altercate the latest account and contest impacting stocks and the cyberbanking markets. Stocks afresh featured in the blog include: Nissan Motor NSANY, General Motors GM, Ford F, Fiat Chrysler FCAU and Honda Motor HMC.
Here are highlights from Tuesday’s Analyst Blog:
U.S. Auto Sales in 2019 Hit 17 Million, but Bottomward Year Over Year
U.S. auto sales abstracts for 2019 is out, with all above auto companies accepting appear fourth analysis and full-year sales numbers. According to Automotive News, calm ablaze agent sales totaled 17.1 actor units in 2019. With that, automakers hit the ambition of 17-million sales for the year. Notably, the 17-million sales mark was accomplished for the fifth beeline year. Importantly, 2000 and 2001 were the alone years afore 2015 aback car sales affected 17 actor units.
Fed’s dovish stance, low unemployment ante and able-bodied allowance advance were tailwinds for the consumer-cyclic auto industry in 2019. Able bread-and-butter altitude and advantageous customer sentiments contributed to able-bodied 17-million sales. However, it’s not all acceptable news. While automakers managed to top 17 actor assemblage sales, absolute sales volumes were shy by about 200,000 units from the 2018 akin of 17.3 million. Tariff woes, accretion acceptance of ride administration casework and ascent car prices on the aback of abstruse advancements baffled customer appeal to some extent, consistent ina year-over year abatement in U.S. auto sales.
With added and added sedans accepting discontinued, appeal for bunched SUVs and trucks remained strong. RAM pickups acquaint the better year-over-year accretion of 18%. Kia Telluride, the new midsize SUV, recorded able sales. Mitsubishi’s Outlander registered the best sales bulk in the aftermost 13 years. Hyundai Motor — aided by Palisade and new Santa Fe SUVs —registered its best sales bulk back 2016 of 688,771 units, up 3% year over year. Mercedes-Benz USA and BMW’s U.S. sales were additionally up 1% and 1.8% year over year, respectively.
However, arch Japan-based automakers like Nissan Motor recorded abatement in U.S. car sales from 2018. Detroit 3 carmakers including General Motors, Ford and Fiat Chrysler witnessed abatement in car sales in 2019. Let’s burrow added into the sales abstracts of these auto bigwigs.
Big 3 U.S. Automakers’ Sales Stumble in 2019
For full-year 2019, General Motors’ U.S. sales beneath 2.3% to 2,887,046 units. While the aggregation was hit by lower all-embracing sales of the Chevrolet brand, sales from GMC, Cadillac and Buick brands belted higher. Lower year-over year sales of a few models like Chevrolet Tahoe and Suburban, GMC Yukon, Cadillac Escalade, Chevrolet Malibu and Bolt resulted in all-embracing abatement in sales volumes. Nonetheless, the top U.S. carmaker had its best year for crossovers and accomplished annual annal in the compact, baby and baby affluence segments. The company’s crossovers rose 12.7% from a year ago in 2019 to about 1,165,769 units. Models like Chevrolet Trax, Traverse and Equinox, amidst others, registered assets in sales volumes.
Fiat Chrysler’s all-embracing sales in 2019 totaled 2,203,663 units, bottomward 1% from the 2018 level. All-embracing sales from the company’s top-selling Jeep cast additionally biconcave 5% year over year to 923,291 units. Absolute sales from Chrysler, Dodge, Fiat and Alpha Romeo brands additionally beneath in 2019. The above highlight of the year for Fiat Chrysler was the RAM brand, which recorded sales of 703,023 units, up18% year over year. Markedly, the Dodge Charger recorded sales of 96,935 cartage for the year, the best back 2013.The Gladiator concluded the year with 40,047 assemblage sales, afterward its May debut.
Ford’s absolute agent sales in the United States beneath 3% year over year to 2,422,698 in 2019,as the close akin sedans from the Ford brand. While the Ford analysis awash 2,310,494 units (down 3.5%), the Lincoln marque recorded sales of 112,204 units (up 8.3% year over year). While the company’s all-embracing sales of cars and SUVs beneath in 2019, that of trucks recorded annual assets of 9.1% to bulk to 1,243,136 units. While Ford F-Series remained the firm’s acknowledged nameplate in the U.S. bazaar with 896,526 units, it apparent a year-over-year abatement of 1.4%. Meanwhile, Transit, Transit Connectors and abundant trucks registered gains. Ranger sales totaled 89,571 in its aboriginal year afterward its acknowledgment to the market.
Ford currently carries a Zacks Rank #3 (Hold). You can see the complete account of today’s Zacks #1 Rank (Strong Buy) stocks here.
2019 U.S. Sales Address of Big 3 Japan Carmakers
Toyota’s U.S. sales for full-year 2019 came in at 2,383,349 vehicles, bottomward 1.8% year over year. Sales for both its namesake and Lexus brands beneath 2% and 0.1% to 2,085,235 units and 298,114 units, respectively. Deliveries for models including YARIS, Mirai, Prius and Sienna, amidst others, confused in double-digit percentages. College year-over-year sales of Land Cruiser, RAV 4 and Lexus trucks account the decline. Markedly, RAV4 2019 recorded an best best anytime annual achievement with 448,071 units.
Honda Motor’s U.S. sales inched up 0.2% year over year to 1,608,170 units. While absolute car sales beneath 3.1% year over year to 706,463 units, barter sales added 2.9% to 901,707 units. College deliveries of CR-V, HR-V and Ridgeline models, amidst a few others, helped the aggregation to column access in sales aggregate in 2019.
Nissan’s U.S. sales slid 9.9% year over year in 2019 to 1,345,681 units amidst lower sales of models including Sentra, Versa, Rogue and Murano, amidst others. Notably, sales of NV bartering vans and NV 200 set annal in 2019. Nissan Kicks additionally delivered solid year-over-year assets of 150% in 2019.
2020 U.S. Auto Sales: What to Expect
According to estimates by LMC Automotive and J.D. Power, U.S. auto sales are acceptable to abatement to about 16.7 actor units in 2020. New discharge standards, anemic acclaim growth, aerial amount of new cartage and able-bodied appeal for ride-sharing services may counterbalance on car sales in 2020.Technological development with attention to electric, chargeless and affiliated cars demands huge investment, which will again be anesthetized on to customers, arch to aerial costs of vehicles. While automakers are affairs beneath cars, new cartage are accepting pricey. As the Auto industry is customer circadian in nature, deepening acclaim altitude and apathetic retail spending affectation concerns.
Automakers assume to be afraid and are prepping for an ambiguous 2020. Above auto biggies like General Motors, Ford, Nissan and Volkswagen, amidst others accept been slashing bags of jobs. Capex cuts and branch shutdowns are increasing, and it appears that car companies are focused on stockpiling banknote amidst fears of bread-and-butter slowdown.
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