Auto Sales numbers for July were released on August first. Overall, growth looked strong across those reporting though some companies came in with growth below expectations. To recap the July sales growth:
Company | July Sales Growth |
---|---|
General Motors | +9.4% |
Honda Motors | -3.9% |
Toyota Motors | +11.6% |
Ford | +9.6% |
On August 5th Bank of America BAC published a note highlighting the growth in inventories for select automakers and regionally for Japan, Korea, and the EU. Looking first at the US specific firms, inventory supplies have grown in recent years and remain on the up-path relative to the five-year averages.
General Motors GM
Ford F
Chrysler
Regionally Japan has remained stable, Korean inventories have swelled to nearly 40 percent above the five-year average, and Eurozone inventories remain stable and roughly inline with the five-year average
Japan
Korea
Eurozone
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