Autos News & Analysis
4 articles
Market Mood
Hyundai (HYMTF) Set to Outsell Ford in Q3 with 511,421 Units
Hyundai Motor is forecasted to outsell Ford Motor for the first time, with expected sales of 511,421 units, representing a 6.5% year-over-year increase. In contrast, Ford is projected to see a 7.1% decline in quarterly sales to 504,172 vehicles. This shift positions Hyundai as the third best-selling automaker in the U.S. behind GM and Toyota. The automotive market has shown resilience this year, prompting Cox Automotive to raise its 2026 forecast for total U.S. vehicle sales to 16.1 million units, indicating potential growth opportunities for investors in the automotive sector.
Read More: Hyundai (HYMTF) Set to Outsell Ford in Q3 with 511,421 Units
Stellantis EV Sales Rise in August as Petrol Demand Fades
Electric vehicle (EV) sales in Europe increased in August 2023, indicating a shift as demand for petrol and diesel vehicles declines. This trend affected Stellantis, which experienced a fall in sales compared to previous periods. The rising trend in EVs may signal a significant change in consumer preferences and market dynamics. This information is pertinent for investors as it highlights the ongoing transition in the auto industry, which could impact revenues and market positions for companies like Stellantis (STLA).
Read More: Stellantis EV Sales Rise in August as Petrol Demand Fades
Ram (RAM) Launches 777-HP Rumble Bee Models Amid High Gas Prices
Ram has introduced three new Rumble Bee models powered by Hemi V-8 engines, including a version producing 777 horsepower. This launch comes despite prevailing high gas prices, reflecting a commitment to the performance truck market. The unveilings highlight the demand for powerful trucks, a segment that continues to attract consumer interest. The introduction of these muscle trucks may impact Ram's market positioning and sales in the competitive automotive industry.
Read More: Ram (RAM) Launches 777-HP Rumble Bee Models Amid High Gas Prices
BYD and GM: 20% Chinese Parts in U.S. Cars Amid Trade Tensions
In January 2024, President Trump suggested allowing Chinese automakers to build vehicles in the U.S., a stance later retracted due to concerns from lawmakers in auto-centric states like Michigan and Ohio. Approximately 20% of parts in General Motors (GM) Chevrolet models, including the electric Blazer and Equinox, are sourced from China. Additionally, 15% of parts in Toyota's new Prius plug-in hybrid are from Chinese suppliers. Over 60 U.S.-based auto suppliers are owned by Chinese companies, which complicates efforts to limit Chinese access to the U.S. auto market.
Read More: BYD and GM: 20% Chinese Parts in U.S. Cars Amid Trade Tensions