Auto Industry on Watch for Headwinds After U.S. Sales Are Mixed

[Purveyor]

July 1, 2016 — 8:38 AM EDT
Updated on July 1, 2016 — 11:07 AM EDT

* GM, Fiat Chrysler, Honda miss estimates; Nissan, Ford beat
* July sales now seen a key after May slowdown in labor market

A mixed bag of U.S. sales reports from the world’s biggest automakers failed to alleviate concerns that the market is slowing and that growing economic uncertainty will keep consumers from spending.

General Motors Co., Toyota Motor Corp., Fiat Chrysler Automobiles NV and Honda Motor Co. said Friday that June U.S. sales trailed analysts’ estimates, while Nissan Motor Co. and Ford Motor Co. beat projections.

The results did little to answer the question of whether industry growth has peaked. The year was already at a critical pivot point as prospects dim for a repeat of 2015, when modest growth in the first half gave way to an ebullient final six months starting in July. One reason for the nervousness now: U.S. employers added the fewest jobs in almost six years in May.

“If we don’t see that bump up in July” sales, said Jeff Schuster, an analyst with research firm LMC Automotive, “that’s going to start us down that path of fairly regular misses on a monthly basis.”



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http://www.bloomberg.com/news/articles/2016-07-01/nissan-sales-rise-13-exceeding-estimates-with-balanced-growth

[Wellstone ruled]

1. Okay,

another Bloomberg telegraph piece for day-traders. CNBC did a similiar incomplete piece earlier,and as expected,major movement to the downside in all these stocks. And Nissan is doing their annual Fire Sale in order to clean out their Inventories. Also,Japanese Yen verses US dollar is to their advantage. If you rent autos, you will see tons of Nissan's in their fleets as of the last few weeks. There is information and then there is limited information. BTW,it is Auto Plant Turn Around Season,getting ready for the 2017 model run.

All this slowdown crap is coming out of the Chamber of Commerce and Business Round Table. Whom do they support in this Election Cycle,the Rethugs and the crafted message from them is,Obama is killing the Economy,which is pure Bull Crap. Hang on to jockstraps kiddies,we are off to the races.

[Purveyor]

2. They really screw up by reporting on the "manufacturing growth" this AM, eh? eom

[Wellstone ruled]

3. In the past,I would read or listen to these

pieces and just go with the flow. About ten years ago,a Day Trader relative clued me in when these things hit. Time of day,who wrote the story or did the video,time of the month and other things that could shake a stock or segment of any market. Since then,I always wait or chase the story for the real facts,usually there are the authors facts and the real facts.


After the Hard Core Hate Mongers in Britain did their thing last week,we are the only Markets left and the 1%ers are not going to watch their walk around money go bye bye.

[FreeJoe]

4. I've been doing my part!

I bought three cars in the last three years. I replaced my wife's 10 year old van with a new one. I bought myself a new fun car. I bought my son his first car. I've got one more kid do for a car in a couple of years and my daily driver is 10 years old. I think I'm giving more money to the auto industry than any other.