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Car sales falling; buyers pay more for SUVs

05 April 2017

The number of shares now held by investors is 1.5 Billion. Many experts in the industry expected that to change in March, but unfortunately auto companies across the United States are struggling to sell vehicles. Sequentially, sales were up 12 percent. Analysts have said the peak in demand suggests vehicle companies could struggle with delivering earnings momentum.

The results cast doubt on expectations that industrywide US auto sales would bounce back following declines in the first two months of the year. "But there are several areas of concern this year lurking just below the surface. We're also seeing an increase in loan terms and indications of a rise in subprime lending, which demonstrate sales aren't coming as easily as they used to".

Despite positive results from General Motors, overall auto sales fell about 2% in March, led by big declines for Hyundai/Kia.

Meanwhile J.D. Power said the number of days a vehicle sits on a dealer lot before being sold hit 70 days in March, the highest level since July 2009, according to J.D. Power. Truck sales gained more than 12 percent from the previous year with 61,975 vehicles moving during the month - a record for March.

In the transaction dated february 08, 2017, the great number of shares disposed came courtesy the Executive Vice President; Jacoby Stefan disposed a total of 2,570 shares at an average price of $35.18, amounting to approximately $90,413. Vetr upgraded shares of General Motors Company from a "sell" rating to a "hold" rating and set a $36.41 price target on the stock in a research report on Monday, January 23rd. By reviewing stock prices from the stock market history of the company and examining its analysts ratings can give an investment picture with updated information of stock which helps investors to make investing decision. Morningstar Premium Members gain exclusive access to our full analyst reports, including fair value estimates, bull and bear breakdowns, and risk analyses.

It's a tough time for vehicle companies to start 2017, but there's a chance that they will be able to bounce back before the year is over.

In related news, Chairman William Clay Ford, Jr. acquired 171,379 shares of the stock in a transaction dated Friday, March 24th.

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He said: "The only thing I can clear up is we are not down and we are not planning to go down, we are planning to stay up". Sunderland are in danger of getting relegated to the Championship at the end of the season.

GM has a 1-year high price of $38.55 and 1-year low price of $27.34.

GM, Fiat Chrysler and Ford weren't the only automakers posting sizeable gains - Honda sales jumped 18.7 per cent to 17,392 vehicles, while Nissan enjoyed a 26.7 per cent jump to 14,523 vehicles. However, spending as a percentage of average transaction prices declined from approx 14.9% to about 13.5%. Novocure stock climbed three dollars, or 37 percent, to 11.10 dollars.

Total deliveries slumped 7.2 percent at Ford and 4.6 percent at Fiat Chrysler last month. The March sales offered the market a glimpse of the overall health of middle-class American consumers.

Nissan's overall sales rose 3.2 percent with trucks and SUVs rising 29 percent for the Nissan and Infiniti brands combined.

Honda said on Monday, April 3, 2017, that its March sales fell just under 1 percent, dragged down by sagging demand for its Acura luxury brand. Vehicle sales were poor across the industry (with the exception of Chevrolet and Dodge-brand cars), but truck sales remained very strong (except, oddly enough, at Chevrolet). After this sale, 39,228 common shares of GM are directly owned by the insider, with total stake valued at $1,340,421. A sell-off in auto stocks sent GM down 3.4 percent, Fiat Chrysler down 4.8 percent and Ford lower by 1.7 percent.

A glance at Lincoln's total sales for March doesn't do its month justice. Stockholders of record on Friday, March 10th were issued a dividend of $0.38 per share. (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc.

Car sales falling; buyers pay more for SUVs