FCA leads Canada auto sales in March, GM sales jump 27 percent

Keith Crain is Editor-in Chief of Automotive News

The target price for General Motors Company (GM) is $39.95/share according to the consensus of analysts working on the stock, with an expected EPS of $1.44/share for the current quarter. The "double-I" concerns, namely incentives and inventories, did not bode well for the companies either.

GM sees the the industry's annualized sales pace, adjusted for seasonal trends, at 16.7 million vehicles for the month, according to Jim Cain, a company spokesman. However, investors remained muted to the sales number. Through the first three months of the year, sales of the F-Series are up more than 10% compared to last year's first quarter, and topped 205,000 units. The company's strategy has been to move away from sales to rental entities, and fleet sales accounted for almost a quarter of total sales for the month.

March sales numbers are out and there's one astoundingly clear trend getting hammered into our collective temples: crossovers killed the auto and ate its brains.

If automakers can't reduce inventories, they'll have to offer even more incentives, which will reduce industry profits. "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". Ford on the other hand reported a decrease of 2% in retail sales (while overall sales declined more than 7%, due to high 2016 sales, missing analysts' expectations of a 5% decline).

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. General Motors sales climbed 1.6 percent, a smaller gain than analysts projected, while Honda reported a surprise drop. The stock now shows its YTD (Year to Date) performance of -2.49 percent while its Weekly performance value is 0.17%. The gains were primarily driven by crossovers, which were up 21 percent. The Company Touched its 52-Week High on Mar 6, 2017 and 52-Week Low on Jun 27, 2016. The stock grabbed 156 new institutional investments totaling 24,489,976 shares while 75 institutional investors sold out their entire positions totaling 10,152,133 shares.

Fiat Chrysler Automobiles sales were up marginally in March, with 26,531 cars and trucks sold during the month, compared with 26,469 a year ago. Two years ago, he boldly predicted that Tesla could one day be worth as much as Apple. But Nissan sales rose over 3 percent, Volkswagen's gained just under 3 percent and GM posted an increase of just under 2 percent, all helped by SUV sales. Goldman Sachs Group Inc set a $12.00 target price on shares of Ford Motor Company and gave the company a hold rating in a research note on Wednesday, January 11th. It should also be noted that that represents a 7 percent decline year-to-year.

General Motors Co GM.N and Fiat Chrysler Automobiles NV FCHA.MI FCAU.N shares both fell nearly 4 percent, while Ford Motor Co F.N was off 3 percent. While Alfa Romeo has sold the 4C roadster for several years the Giulia, which went on sale in December, is marks the start of Alfa Romeo's true reintroduction into the U.S. The automaker sold 484 Giulia's in March.

Sales of the Lincoln brand fell 1.4% year over year in March as sales of Lincoln cars rose 6.2% on sales of the all-new Lincoln Continental. Lincoln retail sales up 5 percent; retail auto sales up 11 percent, while SUVs gain 2 percent. The last session's volume of 3.17 million shares was lower than its average volume of 4.62 million shares.

Tesla is getting ready to unveil its third auto, the Model 3, which was unveiled in March 2016 and is set to be released in 2017, likely in July.

Nissan reported a 3.2% increase, while Honda posted a 0.7% decline. General Motors Company (NYSE:GM) has a Return on Assets (ROA) of 4.40%. Twin Tree L P holds 0% or 31,800 shares.