auto sales

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...

Two weeks ago, General Motors Company (NYSE: GM) reported a 22-percent year-over-year decline in December fleet sales. Fiat Chrysler Automobiles NV (NYSE: FCAU)’s segment fell 42 percent. But neither is concerned. In fact, FCA confirmed at the North American International Auto Show that it...

The auto industry wasn’t expected to do so well coming off 2016’s record sales. But it seemed to hold its own this December. All but one automaker outperformed Kelley Blue Book’s monthly estimates, which forecast negative growth across the board in what still amounted to the...

Shares of General Motors Company (NYSE: GM) were trading lower by more than 3 percent early Monday morning likely in reaction to a downgrade by analysts at Goldman Sachs. The firm's David Tamberrino downgraded General Motors' stock rating from Neutral to Sell with an unchanged $32 price target (see...

Ford Motor Company (NYSE: F) revealed Tuesday its vision for the future of the company - indeed, for the future of how humans will interact with vehicles in general. It's a conversation the company is keen to be a part of, along with other old school automakers like General Motors Company (NYSE...

Investors were treated with particularly strong auto sales data this week as September U.S. light vehicle SAAR (seasonally adjusted annualized rate) read 18.6 million, which was notably higher than the consensus estimate of 17.4 million. September's SAAR reading also happens to be the strongest...

Thanks to copious incentives, the Labor Day boost and the recovery following the recent hurricanes, auto sales were higher all around in September. Detroit's Big Three had a fairly strong month, with even Fiat Chrysler Automobiles NV (NYSE: FCAU) reporting a small increase in its retail sales...