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Car Market Did Something It Hasn't Done In 8 Months: Pay Attention This Friday
Tuesday, April 4, 2023 - 12:26pm | 494New car inventories have risen for the eighth consecutive month, which could indicate a shift in the auto market. This Friday, the Manheim Index — the premier indicator of pricing trends in the used vehicle market — will release the latest update of its Used Vehicle Value Index. This...
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Mark Cuban Drove Abandoned Car Found Roadside: How Did He Get It For Free?
Monday, March 6, 2023 - 1:56pm | 590Billionaire investor and owner of the Dallas Mavericks, Mark Cuban, has built a career creating and investing in many profitable companies. But, he also enjoys spending his billions, and a sports team and private jet aren't his only notable possessions. He has a passion for cars...
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Why This General Motors Analyst Says It's Time To Buy The Dip In GM Stock
Friday, February 24, 2023 - 3:44pm | 397General Motors Company (NYSE: GM) shares dropped 4% on Thursday after the company announced it will be idling production at its Fort Wayne plant for two weeks in late March. On Friday, one analyst said the sell-off is a buying opportunity for investors. The Analyst: Bank of America analyst John...
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Hemp Batteries: The Future Of The Automotive Market?
Tuesday, February 21, 2023 - 10:20am | 556By Lucía Tedesco via El Planteo. Electric cars like Tesla (NASDAQ: TSLA), Lucid Motors (NASDAQ: LCID) and Nio (NYSE: NIO)'s are getting closer and closer to leading the automotive market. As the demand for them grows, batteries will also play an important role, even if they are not...
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Trading Strategies For Ford Stock Before And After Q4 Earnings
Thursday, February 2, 2023 - 3:03pm | 601Ford Motor Company (NYSE: F) is set to print its fourth-quarter financial results after the market close today (Feb. 2). The stock was motoring north heading into the event, trading up more than 5%. When the legacy-turning-electric vehicle manufacturer printed its third-quarter results on Oct...
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People Aren't Keeping Up With Car Payments — And It Hasn't Been This Bad Since 2009
Friday, January 27, 2023 - 11:05am | 552A recent tweet by "CarDealershipGuy" grabbed a lot of attention. About 1.84% of auto loans are now "severely delinquent," he said, citing Cox Automotive data. That's the highest rate since February 2009 — a time when the global automotive industry spiraled as a result...
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Ford Plunges 10% In 4 Days, But Here's Why A Bounce Is On The Horizon
Friday, December 16, 2022 - 12:59pm | 573Ford Motor Company (NYSE: F) was plunging more than 5% on Friday, for a total decline of about 10% since Tuesday. The big slide south has been in tandem with the general market, which has seen the S&P 500 plummet almost 7% since it opened on Tuesday, when better-than-expected consumer...
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Why This Carvana Analyst Says It's A $1 Stock With An 'Albatross Around Its Neck'
Wednesday, December 7, 2022 - 5:27pm | 548Carvana Co (NYSE: CVNA) shares are down more than 98% since the start of the year and one analyst firm said the stock was likely to remain in freefall. What To Know: Wedbush on Wednesday downgraded Carvana from Neutral to Underperform and slashed the price target...
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Rolls-Royce Goes Full Electric - More Than 300 Orders For Its $400K Spectre Electric Vehicle
Sunday, October 23, 2022 - 8:11pm | 312Last year, Rolls-Royce (OTC: RYCEY) announced plans to replace its entire lineup of automobiles with EVs by 2030. To make good on this promise, the luxury auto manufacturer unveiled its first EV called Spectre on October 18. According to CEO, Torsten Muller-Otvos, 300+ customers had put deposits...
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This Automaker Sold Its Russian Business For 1 Euro
Thursday, October 13, 2022 - 5:03pm | 530Due to the war in Ukraine, many companies around the world have exited their Russian businesses. One global automaker sold off its Russian business for a price that resembles something you would find at a yard sale. What Happened: Companies such as McDonald’s Corp (NYSE: MCD) have...
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Consumer Shift To Electric — Or High Prices Scaring Buyers Off? Used Car Index Shows Largest Decrease In 7 Months
Thursday, October 13, 2022 - 3:57pm | 406According to consumer price index data provided by the U.S. Bureau of Labor Statistics (BLS) on Thursday, the used car and truck index showed a 1.1% decline, coming in at 7.2% following a 0.1% decline in August. This is the largest drop in the used car and truck index since March of this year. The...
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Ford Consolidates After Charging North: Here's What To Watch For Next
Thursday, October 6, 2022 - 7:33pm | 481Ford Motor Company (NYSE: F) was trading slightly lower on Thursday afternoon, in consolidation, after soaring up nearly 12% between Monday and Wednesday. Despite the company reporting an 8.9% decline in U.S. vehicle sales for the month of September on Tuesday, Ford tripled its electric vehicle...
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4 Automakers That Pay A Strong Dividend: How To Make Money Off These Stocks During A Bear Market
Thursday, August 4, 2022 - 4:23pm | 396Cars shape the way we live our lives. For most, it is a way to get from one place to another, but others see it as a symbol of status or a collector's item. Since the Model T, cars have been integral to American culture with the pros outweighing the cons. For investors, one...
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Why These 3 Analysts Are Unimpressed With Ford's Q2 Beat
Thursday, July 28, 2022 - 12:18pm | 395Ford Motor Company (NYSE: F) crushed Wall Street expectations, with quarterly revenue at $40.2 billion, up 50% year-over-year, and adjusted earnings 68 cents per share, versus a consensus of 45 cents per share. RBC Capital Markets On Ford Motor Company Analyst Joseph Spak maintained a Sector...
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How To Trade Ford Stock Before And After Q2 Earnings Print
Wednesday, July 27, 2022 - 3:43pm | 516Ford Motor Company (NYSE: F) is set to print its second-quarter financial results after the market close today (July 27). The heavily beaten-down stock was trading more than 3% higher heading into the event but remains down over 50% from the Jan. 13, 52-week high of $25.87. When the legacy-...