For Immediate Release
Chicago, IL – April 16, 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), Volkswagen AG (VLKAY), Toyota Motor Corp. (TM) and Honda Motor Co. (HMC).
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 Monday’s Analyst Blog:
China Auto Sales Slow Down
Passenger vehicle sales in China slowed down in March compared to the first two months of the year, mainly due to the stricter regulation imposed by the government on vehicle ownership aimed at controlling increasing pollution and traffic congestion in the country. According to the China Association of Automobile Manufacturers (:CAAM), passenger vehicle (cars, multipurpose and sport- utility vehicles) sales rose 13.3% to 1.59 million units in March compared with a 19.5% increase in Jan–Feb this year.
Passenger vehicle sales grew 17.2% to 4.42 million units in the first quarter of the year, which is higher than 7.1% growth registered in 2012. Thanks to the steep discounts that kept passenger vehicle sales at a higher level in the world’s biggest auto market. Total vehicle (passenger vehicles, buses and trucks) sales grew 13.2% to 5.4 million units in the first three months of the year compared with 4.3% to 19.3 million vehicles in 2012.
Ford Motor Co. (F) and Korea’s Hyundai Motor Co. continued to be the biggest gainers in the month. Ford posted a staggering 65% rise in sales to 81,387 vehicles while Hyundai reported a 26.8% rise in sales to 129,355 units in the month. Considering the first quarter of the year, Ford’s sales went up 54% to 186,000 vehicles while Hyundai’ sales escalated 41.0% to 260,716 units.
General Motors Company (GM) and its Chinese joint venture partners sold 290,538 vehicles in the month, up 12.6% from March 2012. It was the company’s second-highest monthly sales ever recorded in China. In the first quarter of the year, GM’s sales increased 9.6% to 816,373 vehicles, overtaking Volkswagen AG (VLKAY), led by burgwhich is higher than 7.1% growth registered in 2012eoning demand for its Buick lineups. Volkswagen reported a 21% rise in sales to 770,000 vehicles in the same period.
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 17.8% during the month.
Among the Japanese automakers, Nissan posted the steepest 17% fall in sales to 110,000 cars in March. Meanwhile, Toyota and Honda reported a decline of 12.0% and 6.6% in sales to 61,108 and 75,900 units of passenger vehicles, respectively. Considering the first quarter of the year, sales dipped 15.1% for Nissan, 12.7% for Toyota and 5.2% for Honda.
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