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Wed, May 23, 2012Tue, May 22, 2012Mon, May 21, 2012Sun, May 20, 2012Sat, May 19, 2012Fri, May 18, 2012Thu, May 17, 2012Wed, May 16, 2012Tue, May 15, 2012Mon, May 14, 2012Sun, May 13, 2012Fri, May 11, 2012Thu, May 10, 2012Wed, May 9, 2012Tue, May 8, 2012Mon, May 7, 2012Sat, May 5, 2012Fri, May 4, 2012Thu, May 3, 2012Wed, May 2, 2012Tue, May 1, 2012Demandfor Automobiles Growinginthe U. S.
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Published in House and Home on Friday, May 11th 2012 at 5:26 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
May 11, 2012 08:20 ET
Demand for Automobiles Growing in the U.S.
Five Star Equities Provides Stock Research on General Motors and Honda Motor Co.
NEW YORK, NY--(Marketwire - May 11, 2012) - U.S. auto sales have seen an impressive rise in 2012 as an improving economy and high gas prices have boosted demand for newer and more fuel efficient vehicles. The boost in the economy has allowed consumers to replace aging vehicles, which many had delayed during the recent economic downturn. Currently, the average vehicle on the road is a record 10.8 years old. Five Star Equities examines the outlook for companies in the Auto Manufacturers Industry and provides equity research on General Motors Company (
Access to the full company reports can be found at:
[ www.FiveStarEquities.com/GM ]
[ www.FiveStarEquities.com/HMC ]
The industry continues to gain momentum despite high fuel prices and concerns of global economic issues. Sales for new vehicles in April rose 2.3 percent to 1.18 million according to researcher Autodata. The seasonally adjusted annual rate (SAAR) of 14.4 million beat the estimate of 14.3 million of 15 analysts surveyed by Bloomberg. "Demand for automobiles is helping propel production," Jack Ablin, chief investment officer of Harris Private Bank in Chicago, wrote in an e-mail. "We expect this trend to continue even in the face of moderating economic winds abroad."
Five Star Equities releases regular market updates on the Auto Manufacturers Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at [ www.FiveStarEquities.com ] and get exclusive access to our numerous stock reports and industry newsletters.
General Motors recently announced first quarter net income attributable to common stockholders of $1.0 billion, or $0.60 per fully diluted share. These results include a net loss from special items related to goodwill impairment that reduced net income by $0.6 billion, or $0.33 per fully diluted share. Net revenue in the first quarter of 2012 was $37.8 billion, an increase of $1.6 billion compared with the first quarter of 2011.
Honda Motor recently announced its consolidated financial results for the fiscal fourth quarter and the fiscal year ended March 31, 2012. Despite the unfavorable currency effects due to the appreciation of the Japanese yen and increase in R&D expenses, consolidated operating income for the fiscal fourth quarter (January 1, 2012 through March 31, 2012) amounted to 111.9 billion yen, approximately 2.4 times greater than the same period of last year.
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