AutoNation to Review Product Mix
Zacks.com submits: AutoNation (AN) has revealed that it would reappraise its mix of domestic and foreign brands in the auto inventory as General Motors switches from a "push production" to "pull production" business model. GM’s "push production" model was based on pushing out the maximum number of cars the plants could produce in order to meet the fixed costs. However, AutoNation disliked the business model's inefficiencies. Consequently, the Florida-based automotive retailer -- the largest in the U.S. -- has shown little respect for the quality and designs of many domestic brands, including GM.Complete Story » seekingalpha.com |
2009 Auto Sales: Have We Hit Bottom Dead Center Yet?
TheCarConnection.com submits: As the auto industry prepares for another year of auto shows, new-car introductions and crossed fingers, sales numbers for 2009 will be announced today, by most major automakers. The question rolling around in CEO offices from Tokyo to Stuttgart to Detroit: have we hit bottom dead center yet?Complete Story » seekingalpha.com |
Auto Sales Exceed 10 Million in February
Zacks.com submits: Sales in the U.S. auto industry grew 13% to 10.4 million vehicles in February, driven by strong fleet sales (sales to rental companies as well as corporate and government houses). Comparable month sales recorded high figures, since February 2009 was the weakest month last year. However, sales were lower than expected due to winter storms and Toyota Motor’s (TM) safety crisis, which kept many consumers away from the showrooms. Ford Motor Co. (F) ruled among the U.S. automakers, outperforming General Motors for the first time in nearly a decade in terms of sales growth, sales volume and market share. Despite clocking the highest sales growth among its Japanese peers in the U.S., Nissan Motors lagged behind Toyota in terms of market share.Complete Story » seekingalpha.com |
Freight and Truck Traffic Point to Recovery
Edward Harrison submits:One common metric used by analysts to gauge how the economy is doing comes from freight or rail tonnage. If the economy is doing well, then more goods will be shipped via trucks and trains. This is exactly what is happening.Andy Lees showed this via a few Bloomberg charts in a note earlier today. Of note:Complete Story » seekingalpha.com |
CAI International, Inc. Q2 2010 Earnings Call Transcript
CAI International, Inc. (CAP)Q2 2010 Earnings Call TranscriptAugust 3, 2010 5:00 pm ETComplete Story » seekingalpha.com |