For Immediate Release
Chicago, IL – May 13, 2013 – 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. (F), General Motors Company (GM), Toyota Motor Corp. (TM), Honda Motor Co. (HMC) and Nissan Motor Co. (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. (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 (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. (TM) and Honda Motor Co. (HMC), fell 4.9% year-over-year during the month.
Nissan Motor Co. (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.
Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5515.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=5517
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=5518.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Follow us on Twitter: https://twitter.com/zacksresearch
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Zacks Investment Research
800-767-3771 ext. 9339
More From Zacks.com