U.S. Markets closed

The Zacks Analyst Blog Highlights: General Motors, Ford Motor, Nissan Motor, Toyota Motor and Honda Motor

Zacks Equity Research

For Immediate Release
Chicago, IL – September 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 the General Motors Company ( GM- Free Report), Ford Motor Co. ( F- Free Report), Nissan Motor Co. Ltd. ( NSANY- Free Report), Toyota Motor Corp. ( TM- Free Report) and Honda Motor Co. Ltd. ( HMC- Free Report).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free .

Here are highlights from Thursday’s Analyst Blog:

China Auto Sales Recovery on Track

Automobile sales in China increased for the fourth consecutive month in Aug 2013, after months of sluggish growth owing to weak economic conditions and restrictions imposed by the government on new vehicles. The total vehicle sales in China witnessed year-over-year growth of 10.3% in August compared with 9.9% in July, according to the China Association of Automobile Manufacturers (:CAAM).

A total of 1.65 million vehicles were sold in the country during August, leading to sales of 13.95 million vehicles for the first eight months of 2013, up 11.8% on a year-over-year basis. Passenger vehicle (cars, multipurpose and sport-utility vehicles) sales also increased by 11% year over year to 1.35 million units in August compared with 10.5% in July. For the first eight months of the year, passenger vehicle sales rose 13.1% to 11.26 million units.

Meanwhile, commercial vehicle sales increased 7% year over year to 0.3 million units in August 2013. As a result, the sale of commercial vehicles improved 6.78% year over year to 2.69 million vehicles in the first eight months of 2013.

Among the U.S. automakers, General Motors Company’s ( GM- Free Report) sales went up 11.2% to 245,799 vehicles in the month, while Ford Motor Co.’s ( F- Free Report) sales continued to increase for the fourth consecutive month, soaring 46% to 71,183 vehicles in August.

Sales of Japanese automakers remained weak as they are still trying to regain the market share lost due to the political conflict between Beijing and Tokyo over disputed islands in the East China Sea. Among them, Nissan Motor Co. Ltd.’s ( NSANY- Free Report) sales inched up 1% to 86,000 units, while Toyota Motor Corp.’s ( TM- Free Report) sales declined 4.2% to 72,100 vehicles and Honda Motor Co. Ltd.’s ( HMC- Free Report) sales dipped 2.5% to 55,533 vehicles.

Meanwhile, sales of Germany’s BMW grew 34.6% to 34,166 vehicles in the month.

The steady growth in sales in China was mainly attributable to economic recovery and lower prices, along with hasty buying due to the possibility of increased regulations for new vehicle registration to combat increasing traffic congestion and pollution in Beijing. Further, a significant portion of the sales came from smaller cities, which offer unsaturated markets.

In 2009, China overtook the U.S. as the biggest auto market in the world by sales volumes when the Beijing government introduced a stimulus package, including tax incentives for small cars. However, the incentives were scrapped and the Beijing government imposed quotas on new car registrations in order to control traffic congestion.

Nevertheless, the nation has managed to regain its position as the world’s largest automobile market. Vehicle sales in China surpassed the August auto sales of 1.5 million units in the U.S. and 0.07 million units in the U.K. The CAAM expects automobile sales in China to cross the milestone of 20 million units for the first time this year.

Nissan currently carries a Zacks Rank #1 (Strong Buy), while General Motors, Ford and Honda Motors carry a Zacks Rank #3 (Hold).

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

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.

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; 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.
Get the full Report on GM - FREE
Get the full Report on F - FREE
Get the full Report on NSANY - FREE
Get the full Report on TM - FREE
Get the full Report on HMC - FREE
Follow us on Twitter: https://twitter.com/zacksresearch
Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

Read the analyst report on GMRead the analyst report on FRead the analyst report on NSANYRead the analyst report on TMRead the analyst report on HMCZacks Investment Research