Marcha 24, 2018

Jeep Sales Down 12% in June, FCA Sales Tumble 10% Overall

02 Agosto 2017, 11:44 | Benedicto Grullon

Fiat Chrysler Automobiles NV (BIT:F) Given a €12.50 Price Target at Kepler Capital Markets

Fiat Chrysler’s 2Q17 Results Kept Optimism Alive on Wall Street

Crossovers and SUVs did well, and for Ford, the bread-and-butter F-Series pickups actually saw an improvement from last July.

Many auto makers posted double digit declines - including General Motors and the United States arm of Fiat Chrysler - leading to an industry-wide decline of seven percent compared to the same period past year and a four-percent decline from June.

The company said it sold 131,000 units to date in Canada, up 16 percent over the same period past year. "High-series SUVs were in strong demand with customers representing almost 30 percent of retail sales". That's running the business exceptionally well as sales moderate from elevated levels past year, when a record 17.55 million new vehicles in total were sold in the US.

Losses in sales, however, have been offset by rising sale prices, which crept closer to $35,000 throughout the industry.

LaNeve said half of the orders for the new Expedition, due out this fall, are of the highest trim level. Ford said the SUV success positions the company well for the upcoming release of Expedition and EcoSport models. Image source: Ford Motor Company.

However, while analysts predict a weak July, it might actually prove to be worse than anticipated, with monthly sales poised to decline by upwards of 6 percent, according to Automotive News. That bodes well for the initial profitability of the Expedition when it begins arriving at dealers in a couple of months. GM's economy cars did not capture customers' attentions, either - as sales of Chevy's Spark and Sonic fell 81.9 percent and 47.3 percent, respectively. The Company manufactures and sells passenger cars, light trucks and light commercial vehicles.

A double-digit dip in auto deliveries dragged down Ford light-vehicle sales in July, as total volume declined to 184,965.

Pfizer said sales in Enbrel declined 19.5% to $617 million and sales of Prevnar slumped 8.2% to $1.15 billion and revenues were unfavorably impacted by divestment of Hospira Infusion Systems.

Since the beginning of the calendar year, the stock is 32.57%. BMW was down 13.7 percent with its passenger cars and compact MINI brand dragging down sales. Market Capitalization if basically the market value of the company's shares outstanding.

"July is historically a strong month, but with disappointing sales and inventories still building, something needs to give", said Jessica Caldwell, Edmunds executive director of industry analysis, in a statement. Toyota, however, was able to sell more, reporting a 3.6 percent sales gain. The first is that many automakers are backing away from low-profit sales to rental fleets, which has impacted their numbers but also improved their bottom lines.

Ford had a solid quarter.

Investors will have to get used to Ford stock trading in a range of around $11.00 to $17.50. The brokerage presently has a "buy" rating on the stock. The stock decreased 0.97% or $0.2 on July 28, reaching $20.5. Grt Cap Prtnrs Limited Liability Corp owns 27,100 shares.

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