Toyota Motor Corp. reports earnings Thursday, November 7, for the quarter ended Sept. 30, 2019, its second quarter since its fiscal year ends March 31, 2020. In the U.S., one of Toyota’s largest markets, Toyota Motor sales slipped while incentives and prices rose. In the U.S., Toyota Motor sales dipped 1%, in line with the … Continued

UPDATE, Nov. 4, 2019 – The Industry Insights team at Cox Automotive share supplementary thoughts based on additional October sales reports. From Charlie Chesbrough, senior economist, Cox Automotive October sales appear to be coming in below this year’s average selling rate of 17.0 million. The consensus range was in the 16.7-17.3 million range, and the … Continued

UPDATED, Oct. 31, 2019 — FCA posted higher than expected operating earnings in Q3, lifted by its North American business and success of Ram trucks. FCA said North American profitability set a record. Company officials said they expect 2020’s financial performance to be even better than 2019’s. _________________________________________________________________________ Fiat Chrysler Automobiles N.V. reports Q3 earnings … Continued

General Motors issues its Q3 earnings report before the stock market opens Tuesday, October 29. The focus will be on the impact on Q3 of the just-ended, six-week strike by the UAW. More importantly, what impact will the strike, which ended with the UAW’s ratification October 25, have on Q4 and full-year earnings? Details of … Continued

UPDATED, October 24 – Tesla shocked the experts by reporting a Q3 profit of $143 million, causing its stock price to spike by nearly 20%. The company said it took out substantial costs from its operations. As predicted, Tesla’s revenues were somewhat lower than Q3 2018. Tesla announced third-quarter financials after the stock market closed … Continued

UPDATED, October 24 – Ford reported a better Q3 than analysts expected with earnings at 34-cents a share vs. the 26-cents most analysts predicted, but still on lower revenue than was predicted. However, Ford warned it was trimming its full-year guidance for profits due to increasing headwinds, including higher warranty costs, higher than expected incentives, … Continued

The UAW and General Motors reached a tentative 4-year labor contract covering 46,000 hourly workers but the strike – now the longest against GM since 1970 – will continue as union members vote on the agreement over the next week. The strike already is having an impact on the overall economy and on GM’s sales … Continued

The 2019 retail leasing volume has decreased 1.3% year over year through August, roughly in line with the overall market. Lease penetration, however, is at 29.6% through August and is running above where we finished last year at 28.6%. In August, the average leasing payment was $485, a 2% year-over-year increase per Cox Automotive estimates. … Continued