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SVTPerformance's Chain of Restaurants
Road Side Pub
Manufacturer 84 at 0%
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<blockquote data-quote="Weather Man" data-source="post: 16466186" data-attributes="member: 137766"><p><span style="font-size: 22px"><strong>U.S. auto industry starts long road back with sequential improvement in July</strong></span></p><p>Aug. 3, 2020 11:27 AM ET|About: <a href="https://seekingalpha.com/symbol/GM" target="_blank">General Motors Company (GM)</a>|By: <a href="https://seekingalpha.com/author/sa-editor-clark-schultz" target="_blank">Clark Schultz</a>, SA News Editor </p><p></p><p></p><p>TrueCar's ALG subsidiary <a href="https://ir.true.com/news-releases/news-release-details/alg-forecasts-average-new-vehicle-transaction-price-33-july-2020" target="_blank">forecasts</a> that U.S. revenue from new vehicle sales was over $43B in July to fall 11.9% from last year's level on an unadjusted basis, but improve 6% from last month.</p><p></p><p>Average prices were up 3.3% Y/Y in July, as gains for Hyundai (+11%), Daimler (+7%) and Ford (+10%) more than offset lower prices from Kia (-1%) and Nissan (-0.3%). Incentive spending rose the most at Honda (+25% Y/Y) and Subaru (+22%) per ALG.[ATTACH=full]1655498[/ATTACH]</p><p></p><p>"We are seeing the effects that limited vehicle supply has on average transaction price for some brands. For example, Kia is seeing a year-over-year decline in their overall average transaction price which is mainly due to low inventory levels on their high demand Telluride, one of the most expensive vehicles in their lineup," notes the firm.</p><p></p><p>Brands with more plentiful inventory levels on popular models, such as Ford, are successfully increasing their transaction prices year-over-year. On the TrueCar platform, a shift of Ford shoppers from the Escape to the Explorer is being seen, contributing to higher transaction prices.</p><p></p><p>Automobile stocks: General Motors (<a href="https://seekingalpha.com/symbol/GM" target="_blank">GM</a> +2.4%), Ford (<a href="https://seekingalpha.com/symbol/F" target="_blank">F</a> +0.5%), Fiat Chrysler Automobiles (<a href="https://seekingalpha.com/symbol/FCAU" target="_blank">FCAU</a> +4.4%), Tesla (<a href="https://seekingalpha.com/symbol/TSLA" target="_blank">TSLA</a> +4.7%), Honda (<a href="https://seekingalpha.com/symbol/HMC" target="_blank">HMC</a> +2.7%), Toyota (<a href="https://seekingalpha.com/symbol/TM" target="_blank">TM</a> +1.2%), Nissan (<a href="https://seekingalpha.com/symbol/NSANY" target="_blank">OTCPK:NSANY</a> +2.3%), Hyundai (<a href="https://seekingalpha.com/symbol/HYMLF" target="_blank">OTCPK:HYMLF</a>), Daimler (<a href="https://seekingalpha.com/symbol/DDAIF" target="_blank">OTCPK<img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite8" alt=":D" title="Big Grin :D" loading="lazy" data-shortname=":D" />DAIF</a> +4.4%), BMW (<a href="https://seekingalpha.com/symbol/BMWYY" target="_blank">OTCPK:BMWYY</a> +2.3%), Volkswagen (<a href="https://seekingalpha.com/symbol/VWAGY" target="_blank">OTCPK:VWAGY</a> +4.2%), Subaru (<a href="https://seekingalpha.com/symbol/FUJHY" target="_blank">OTCPK:FUJHY</a>).</p></blockquote><p></p>
[QUOTE="Weather Man, post: 16466186, member: 137766"] [size=6][b]U.S. auto industry starts long road back with sequential improvement in July[/b][/size] Aug. 3, 2020 11:27 AM ET|About: [URL='https://seekingalpha.com/symbol/GM']General Motors Company (GM)[/URL]|By: [URL='https://seekingalpha.com/author/sa-editor-clark-schultz']Clark Schultz[/URL], SA News Editor TrueCar's ALG subsidiary [URL='https://ir.true.com/news-releases/news-release-details/alg-forecasts-average-new-vehicle-transaction-price-33-july-2020']forecasts[/URL] that U.S. revenue from new vehicle sales was over $43B in July to fall 11.9% from last year's level on an unadjusted basis, but improve 6% from last month. Average prices were up 3.3% Y/Y in July, as gains for Hyundai (+11%), Daimler (+7%) and Ford (+10%) more than offset lower prices from Kia (-1%) and Nissan (-0.3%). Incentive spending rose the most at Honda (+25% Y/Y) and Subaru (+22%) per ALG.[ATTACH=full]1655498[/ATTACH] "We are seeing the effects that limited vehicle supply has on average transaction price for some brands. For example, Kia is seeing a year-over-year decline in their overall average transaction price which is mainly due to low inventory levels on their high demand Telluride, one of the most expensive vehicles in their lineup," notes the firm. Brands with more plentiful inventory levels on popular models, such as Ford, are successfully increasing their transaction prices year-over-year. On the TrueCar platform, a shift of Ford shoppers from the Escape to the Explorer is being seen, contributing to higher transaction prices. Automobile stocks: General Motors ([URL='https://seekingalpha.com/symbol/GM']GM[/URL] +2.4%), Ford ([URL='https://seekingalpha.com/symbol/F']F[/URL] +0.5%), Fiat Chrysler Automobiles ([URL='https://seekingalpha.com/symbol/FCAU']FCAU[/URL] +4.4%), Tesla ([URL='https://seekingalpha.com/symbol/TSLA']TSLA[/URL] +4.7%), Honda ([URL='https://seekingalpha.com/symbol/HMC']HMC[/URL] +2.7%), Toyota ([URL='https://seekingalpha.com/symbol/TM']TM[/URL] +1.2%), Nissan ([URL='https://seekingalpha.com/symbol/NSANY']OTCPK:NSANY[/URL] +2.3%), Hyundai ([URL='https://seekingalpha.com/symbol/HYMLF']OTCPK:HYMLF[/URL]), Daimler ([URL='https://seekingalpha.com/symbol/DDAIF']OTCPK:DDAIF[/URL] +4.4%), BMW ([URL='https://seekingalpha.com/symbol/BMWYY']OTCPK:BMWYY[/URL] +2.3%), Volkswagen ([URL='https://seekingalpha.com/symbol/VWAGY']OTCPK:VWAGY[/URL] +4.2%), Subaru ([URL='https://seekingalpha.com/symbol/FUJHY']OTCPK:FUJHY[/URL]). [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Manufacturer 84 at 0%
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