auto sales

Preliminary used truck sales in the heaviest weight segment – Class 8 – fell 13 percent in April compared with the same month a year earlier. Used truck sales dropped 5 percent in April compared with a 25 percent uptick in sales in the previous month. The average price of a used truck...

Shares in online car retailer Carvana Co (NYSE: CVNA) have traded up recently, but sell-side analysts said Tuesday that investors may be buying without kicking the tires. The Analysts Morgan Stanley’s Armintas Sinkevicius reiterated an Underweight rating on Carvana with a $21 price target....

  Good day, Consumers remain willing to purchase new vehicles, according to Patrick Manzi, senior economist with the National Automobile Dealers Association (NADA), even as first-quarter sales came in lower-than-expected due to several weather-related events. The first quarter of 2019 will...

January was a rough month for American automakers, with waning consumer confidence chipping at the sector’s foundation. “Record cold weather during the last week of January likely had a negative impact on sales,” Cox Automotive senior economist Charlie Chesbrough said in a report...

The top trade group for automobile dealers is forecasting another year of strong new car and light truck sales, it announced ahead of the opening of the North American International Auto Show in Detroit. The National Automobile Dealers Association (NADA) says sales for 2019 will approach 16.8...

A new record for truck and van sales was set in Australia in 2018 with 41,628 units sold, according to the Truck Industry Council, which represents all suppliers of heavy on-road vehicles in Australia. Sales in 2018 were up 13 percent over 2017, according to the Council. Last year's figures...

ACT Research sent out three statistical reports to close out the week before the Christmas break. Here are a few highlights on what the group had to say: --November Class 8 orders were down from November of the prior year. Total orders were 28,082 units in November, while total build was 27,973...

BTIG initiated coverage Tuesday of digital automotive marketplace companies TrueCar, Inc. (NASDAQ: TRUE) and CarGurus Inc (NASDAQ: CARG) with bullish stances.  The Analyst BTIG's Margin Fong initiated coverage of TrueCar with a Buy rating and $13 price target. The analyst also initiated...

Nearly all automakers outperformed estimates in October despite economic headwinds. “Many signs in the economy would suggest that vehicle demand should be moderating — higher interest rates, import tariffs, weak housing market, stock market volatility, elevated gas prices —...

August auto sales were as healthy as Cox Automotive anticipated. Toyota Motor Corp (ADR) (NYSE: TM) led the pack with 223,055 vehicle sales, followed by Ford Motor Company (NYSE: F) (218,504), Fiat Chrysler Automobiles NV (NYSE: FCAU) (193,718) and Honda Motor Co Ltd (ADR) (NYSE: HMC) (147,903)....

U.S. automakers signaled trade-related issues in their quarterly earnings reports; July’s auto sales better illustrated the struggle. For the first time in a while, the domestic automakers reporting monthly figures did not lead in North American sales volume. Toyota Motor Corp (ADR) (NYSE: TM...

The auto industry didn’t set as many records in May as it did in preceding months, but it continued a streak of outperformance. Ford Motor Company (NYSE: F) led the pack with 242,824 units sold, followed by Toyota Motor Corp (ADR) (NYSE: TM) (215,321), Fiat Chrysler Automobiles NV (NYSE: FCAU...

Carvana Co (NYSE: CVNA) is up 160 percent year-over-year, and one seller is signing on for the continuing momentum.  The Rating B. Riley FBR analyst Sameet Sinha upgraded Carvana from Sell to Buy and increased the price target from $20 to $38. The Thesis Sinha identified particular “...

Cox Automotive expected last month to have seen 2.6-percent year-over-year and 22-percent sequential pops in auto deliveries. “March is the year’s first month that traditionally delivers high volumes and this March is no exception, with sales expected to increase nearly 300,000 units...