US Market Peak Heralds A New, Nervous Normal

Where do we go from here?

Where do we go from here?

After a five years of strong recovery in the US auto market, the jitters are coming back. Even with September sales posting nine percent growth year-over-year, the market’s nervousness with automaker equities is unmistakable. Ford’s stock has taken the most dramatic beating in recent days, but shares of all the big NYSE-listed US-market players are showing increased volatility and steady-to-sharp downward pressure. Even Nissan’s 19% sales boost in September, one of the month’s strongest performances, has been rewarded with a sell-off.

So what gives?

Though every automaker has its own story, the general nervousness around autos is largely explained by the fact that the US auto market has reached its pre-recession volume, and there’s little reason to think it has much further to go. Seasonally-adjusted sales have exceeded 16 million units for the last six months, even reaching as high as 17.5 million units in August, and a quick look at the market’s historical performance shows that growth above these levels doesn’t tend to last long.
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While Europe tanks, Volkswagen beats GM in China – race for World‘s Largest Automaker tight

Wolfsburg | Wolfsburg

Defying deep misery in its home market Europe, Volkswagen grows its sales elsewhere. Powered by strong gains in the Asia-Pacific and North American regions, Group sales were up 5.1 percent for the January through July period. In the month of July, the Volkswagen Group eked out a 3.2 percent gain in Group deliveries. Meanwhile, Volkswagen did beat GM in China by a hair, and the race for World’s Largest Automaker promises to be thrilling through the rest of the year.
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