DETROIT--the big automakers posted July American sale, which ticked higher decline in recent months, but failed to dispel doubts about the strength of the economy and the mood of us consumers.
General Motors Us sales Chief, Don Johnson, "we see that consumer confidence is fragile right now because of what happened in the past few months," he told reporters on a conference call.
GM sales in the us in July increased by about 8 percent, while Ford Motor Co and controlled Fiat Chrysler increased 9 percent and 20 percent, respectively.
High unemployment and concerns over the strength of us recovery could force car manufacturers to offer consumers a more generous incentives, which SAP the profits, analysts say.
Monthly car sales data frames among the first consumer demand each month. Consumer spending habits are the subject of special interest after a tepid increase last week in the US second-quarter output and the sharp downward revision for the first quarter.
The automotive industry is also to get rid of May and June sales, which fell on the predictions of economists, raises concerns about the recovery. Analysts said the higher prices in many car manufacturers from the workshop at the time of spo?iv? consumers.
Thirty-nine economists polled by Reuters expected annual sales rate in July, 11.8 million vehicles.
This step would still track 13 from the course from earlier this year, but many leading researchers announced that the recovery of DNA in June, when the rate was 11 million should start.
These numbers are a far cry from almost 17 million on average from 2000 to 2007, the highest in the American economic downturn since the great depression, and bankruptcies, and Chrysler in 2009.
"Worse than cheap steak"
Chrysler sales Chief, in the United States approved Fullwise Reid, described the market as "tougher than the cheap steak."
At the beginning of the year, analysts expect a Bounce back in 2011 of sales between 13 to 15 million vehicles, but an earthquake in March in Japan, which led to the reduction of production and the weak economy has changed the picture.
On Tuesday, GM and Ford, reiterated its Outlook for the low range of 13 to 13.5 million, including about 300 000 in the medium and heavy trucks. However, GM, Johnson said that "the actual cloudy Economic Outlook" hurt consumer sentiment.
"It will continue to recover more gradually than we had expected in the second half," he said.
Consumer nervousness was reflected in the notice of the Ministry of trade on Tuesday that US consumer spending unexpectedly fell in June to post the first decline in two years.
On the housing market, American power is essential for the sale of more profitable full size truck, but Ford American business analyst George Pipas said that the recovery is more a matter of when than if.
Story: US consumer spending unexpectedly fell in June"Last I heard, that the real estate market was still at wounded knee," he said.
Industry research firm Edmunds.com, which reach the consumer, the manufacturers may boost incentive spending. In July, automakers increased such spending by about 8 percent in June.
Japanese brands have already increased the incentive spending by about 25 percent to $ rose to 1,990 per vehicle, from June to July, compared with an increase of 4.5 percent, to $ 2,919 at the vehicle from the US producers, Edmunds.
While the US level is 47 percent higher than Japanese rates, the difference is much less than a year ago, when it was 69 percent gap, which suggests that Johnson and his colleagues, the US can resort to Charging incentive pumps, Edmunds said.
"I'm sure, Ford, and the domestic people will have to follow," said Gary Bradshaw, Portfolio Manager with Hodges Capital Management, which owns the shares of Ford.
GM on Tuesday posted sales 8 percent received nearly 215 000 vehicles on stronger demand for compact vehicles including Chevrolet Equinox crossover and car Cruz.
GM said the July sale of cars and crossovers grew 8% and 20%, respectively, pointing to the tilt of vehicles with lower margins than full trucks, which fell 3 percent.
GM, which has previously been criticized for its bloated inventory large pickups, which stood at 122 days at the end of June, is now expected that the end of the year to 90 days. It is from 100 to 110 days earlier forecasts and closer to 80 days usually take precedence over the industry.
Johnson said that GM goal is not to resort to discounting the sale of the vehicle.
Ford sales rose by 9 percent due to stronger demand for its fusion and Fiesta cars, as well as the small control off.
GM and Ford said that the supply to the smaller vehicles and crossover was hampered by its failure to do enough.
"The consumer tells us that they need two more than we can," Ford US sales chief Ken Czubay.
Chrysler stores jumped by 20 percent, while Nissan Motor and Hyundai Motor rose 3% and 10% respectively. Sales at Toyota Motor Corp. and Honda Motor, still recovering from the aftermath of the earthquake, fell 23% and 28%.
Copyright 2011 Thomson Reuters. Click constraints.
0 komentar:
Posting Komentar