Honda has been warning investors that the global computer chip shortage and rising raw material costs would hurt profits. Just how much will become clearer when the Japanese automaker posts financial results on Wednesday, August 10, for the April-to-June quarter, the automaker’s first quarter of its fiscal year that started April 1. Honda said in … Continued
Sales into large fleets, not including sales into dealer and manufacturer fleets, decreased 15.3% month over month in July to 127,384 units, according to an early estimate from Cox Automotive. July 2022 Fleet Sales Combined sales into large rental, commercial and government fleets were up nearly 10% year over year in July. Sales into rental were … Continued
Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) decreased 0.1% in July from June. The Manheim Used Vehicle Value Index declined to 219.6, up 12.5% from a year ago. The non-adjusted price change in July decreased 3.2% compared to June, leaving the unadjusted average price up 10.2% year over year. In July, … Continued
Toyota Motor Corporation posts financial results for the April-to-June quarter on Thursday, August 4, the automaker’s first quarter of its fiscal year. Like its Japanese competitors, Toyota has warned that the chip shortage, shutdowns due to COVID and rising materials costs will impact earnings. In the U.S., one of Toyota’s most important markets, sales were … Continued
Nissan posts financial results for the April-to-June 2022 quarter on Thursday, July 28, the automaker’s first quarter of its fiscal year, and analysts expect a 70% drop in profits on higher revenue. Much of the blame is on China, where COVID lockdowns shut down production and sales. China accounts for a third of Nissan’s global … Continued
Stellantis, parent company to Jeep, Ram and a host of other brands, will report quarterly earnings before the stock market opens on Thursday, July 28. The quarterly results will indicate how well the automaker is managing the chip shortage and other supply chain disruptions. In Europe, an Italian labor union warned that the automaker could … Continued
Ford outperformed the U.S. market in sales for the second quarter. How that translates into quarterly earnings will be revealed with the automaker posts financial results after the stock market closes on Wednesday, July 27. Ford’s U.S. vehicle sales surged in June to close the quarter on a positive note when the industry was down, … Continued
General Motors is expected to report a year-over-year decline in earnings, despite higher revenues, when it reports financial results for the second quarter on Tuesday, July 26, before the stock market opens. But then again, GM has beaten analysts’ forecasts for the past four quarters. Indeed, the quarter was challenging as GM continued to battle … Continued
South Korean automaker Hyundai Motor, which includes the Hyundai, Kia and Genesis brands, is expected to deliver record profits when it reports quarterly earnings on Thursday, July 21. Analysts predict the automaker will earn a record $1.7 billion in operating profit as a richer product mix, reduced incentive spending and weakening Korean won are expected … Continued
Both service activity and service revenue decreased at U.S. franchised dealerships in June, according to the latest Cox Automotive analysis of Xtime metrics. The Repair Order Revenue Index decreased month over month in June after 11 months of increases and remains up year over year. Meanwhile, the Repair Order Volume Index decreased both month over … Continued
