Toyota Motor (TM) U.S. July auto sales rose 11.6%; Est. up 10.6% Aug 1, 2014 10:41AM

Toyota Motor (NYSE: TM) U.S. July auto sales rose 11.6 percent, with the consensus looking for a 10.6 percent gain.

Sales rose 7.3 percent on a daily selling rate basis.


Weis Markets, Inc. (WMK) Reports Q2 EPS of $0.48 Aug 1, 2014 09:44AM

Weis Markets, Inc. (NYSE: WMK) reported Q2 EPS of $0.48, versus $0.90 reported last year. Revenue for the quarter came in at $691.9 million, versus $662.07 million reported last year.

Comparable store sales increased 2.9%.

For earnings history and earnings-related data on Weis Markets, Inc. (WMK) click here.


GM (GM) July U.S. Auto Sales Rose 9.4%, Missing Expectations Amid Double-Digit Pickup, SUV Gains Aug 1, 2014 09:33AM

(Updated - August 1, 2014 9:33 AM EDT)

General Motors Co. (NYSE: GM) dealers delivered 256,160 vehicles in the United States in July, for the company’s highest July sales since 2007. Total sales were up 9.4 percent compared with a year ago. Retail sales – those to individual customers – were up 4 percent. Commercial deliveries were up 69 percent and all other fleet deliveries were up 21 percent.

*** Consensus estimates were looking for an 11 percent gain in July.

Sales of crossovers and trucks, which include pickups, vans and SUVs, surged by double-digits, pushing combined sales to 1,048,114 through July. GM was the first automaker to pass the million-unit milestone in both 2014 and 2013.

“Sales of utility vehicles soared in July because American families feel better about the economy than they have in a long time, and they are finding an incredible variety of redesigned and all-new models in our showrooms,” said Kurt McNeil, U.S. vice president of Sales Operations. “Small, compact, medium, large – sales were strong across the board.”

During July, GM sold 100,122 crossovers and SUVs, bringing the calendar-year-to-date total to 587,250 units – the best month for utility vehicle sales since August 2007. Compared with 2013, crossover deliveries increased 26 percent in July and they are up 5 percent year to date. Large non-luxury SUVs were up 25 percent in July, and they are up 15 percent year to date. Including the Cadillac Escalade, SUV sales are up 32 percent.

  • The Buick Encore, one of the industry’s first small crossovers, saw a 28 percent sales increase compared with July 2013.
  • GM’s medium-sized Chevrolet, GMC and Buick crossovers, which were redesigned for the 2014 model year, were up 14 percent compared with last July, led by a 25 percent increase in Chevrolet Traverse deliveries.
  • Combined sales of Chevrolet and GMC large SUVs, which are all new for the 2015 model year, were up 25 percent compared with a year ago. GM’s estimated share of the large SUV segment is 77 percent on a retail basis.
  • Cadillac Escalade deliveries nearly doubled and Cadillac’s estimated share of the large luxury SUV segment is now about 37 percent on a retail basis.

“GM and the U.S. economy left July carrying good momentum,” McNeil said. “The economy has bounced back strongly from the harsh winter, consumer confidence has reached a post-recession high, energy prices remain moderate and job growth continues. The stage is set for strong sales through the balance of the year.

“In particular, there is a lot of pent-up demand for our new large SUVs and we expect pickup deliveries to be strong, as they usually are in the second half of the year.”

July Sales Highlights (vs. 2013 except as noted)

  • The seasonally adjusted annual selling rate (SAAR) for light vehicles in July was an estimated 16.7 million units, topping 16 million units for the fifth consecutive month.
  • Total Chevrolet deliveries were up 8 percent, on the strength of trucks, crossovers and a 4 percent increase in retail car sales. This year marked Chevrolet’s best July sales since 2007.
  • Chevrolet Corvette deliveries more than tripled for its best July since 2004, and the Camaro was up 25 percent, for its best July since 1995. In addition, the Volt was up 13 percent, the Malibu was up 9 percent and Sonic was up 6 percent. Silverado sales were equal to a year ago.
  • Buick had its best July since 2006, with sales up 8 percent.
  • Every GMC nameplate posted a sales increase, including the new Sierra, driving sales 22 percent higher. GMC had its best July since 2006.
  • GM’s average transaction prices (ATPs) in July were in line with June 2014, and they are up more than $2,000 per unit versus a year ago, according to J.D. Power PIN estimates. GM’s large pickup ATPs were equal to June.
  • Incentive spending as a percentage of ATP was 11.2 percent, the lowest of all domestic automakers, according to PIN. GM was up 0.2 points month over month and the industry was up 0.3 points. On a year-over-year basis, GM was up 0.1 points and the industry average was up 0.5 points.

GM’s gains in the commercial segment were driven by pickup and van sales, which were both up 78 percent. Sales to rental customers increased 22 percent due to timing. Year to date, rental sales are essentially equal to a year ago. Sales to government customers were up 8 percent. GM’s fleet mix in July was about 23 percent, which is below the company’s typical mix of about 26 percent.


GM (GM) July U.S. Auto Sales Rose 9.4%, Missing Expectations Amid Double-Digit Pickup, SUV Gains Aug 1, 2014 09:33AM

(Updated - August 1, 2014 9:33 AM EDT)

General Motors Co. (NYSE: GM) dealers delivered 256,160 vehicles in the United States in July, for the company’s highest July sales since 2007. Total sales were up 9.4 percent compared with a year ago. Retail sales – those to individual customers – were up 4 percent. Commercial deliveries were up 69 percent and all other fleet deliveries were up 21 percent.

*** Consensus estimates were looking for an 11 percent gain in July.

Sales of crossovers and trucks, which include pickups, vans and SUVs, surged by double-digits, pushing combined sales to 1,048,114 through July. GM was the first automaker to pass the million-unit milestone in both 2014 and 2013.

“Sales of utility vehicles soared in July because American families feel better about the economy than they have in a long time, and they are finding an incredible variety of redesigned and all-new models in our showrooms,” said Kurt McNeil, U.S. vice president of Sales Operations. “Small, compact, medium, large – sales were strong across the board.”

During July, GM sold 100,122 crossovers and SUVs, bringing the calendar-year-to-date total to 587,250 units – the best month for utility vehicle sales since August 2007. Compared with 2013, crossover deliveries increased 26 percent in July and they are up 5 percent year to date. Large non-luxury SUVs were up 25 percent in July, and they are up 15 percent year to date. Including the Cadillac Escalade, SUV sales are up 32 percent.

  • The Buick Encore, one of the industry’s first small crossovers, saw a 28 percent sales increase compared with July 2013.
  • GM’s medium-sized Chevrolet, GMC and Buick crossovers, which were redesigned for the 2014 model year, were up 14 percent compared with last July, led by a 25 percent increase in Chevrolet Traverse deliveries.
  • Combined sales of Chevrolet and GMC large SUVs, which are all new for the 2015 model year, were up 25 percent compared with a year ago. GM’s estimated share of the large SUV segment is 77 percent on a retail basis.
  • Cadillac Escalade deliveries nearly doubled and Cadillac’s estimated share of the large luxury SUV segment is now about 37 percent on a retail basis.

“GM and the U.S. economy left July carrying good momentum,” McNeil said. “The economy has bounced back strongly from the harsh winter, consumer confidence has reached a post-recession high, energy prices remain moderate and job growth continues. The stage is set for strong sales through the balance of the year.

“In particular, there is a lot of pent-up demand for our new large SUVs and we expect pickup deliveries to be strong, as they usually are in the second half of the year.”

July Sales Highlights (vs. 2013 except as noted)

  • The seasonally adjusted annual selling rate (SAAR) for light vehicles in July was an estimated 16.7 million units, topping 16 million units for the fifth consecutive month.
  • Total Chevrolet deliveries were up 8 percent, on the strength of trucks, crossovers and a 4 percent increase in retail car sales. This year marked Chevrolet’s best July sales since 2007.
  • Chevrolet Corvette deliveries more than tripled for its best July since 2004, and the Camaro was up 25 percent, for its best July since 1995. In addition, the Volt was up 13 percent, the Malibu was up 9 percent and Sonic was up 6 percent. Silverado sales were equal to a year ago.
  • Buick had its best July since 2006, with sales up 8 percent.
  • Every GMC nameplate posted a sales increase, including the new Sierra, driving sales 22 percent higher. GMC had its best July since 2006.
  • GM’s average transaction prices (ATPs) in July were in line with June 2014, and they are up more than $2,000 per unit versus a year ago, according to J.D. Power PIN estimates. GM’s large pickup ATPs were equal to June.
  • Incentive spending as a percentage of ATP was 11.2 percent, the lowest of all domestic automakers, according to PIN. GM was up 0.2 points month over month and the industry was up 0.3 points. On a year-over-year basis, GM was up 0.1 points and the industry average was up 0.5 points.

GM’s gains in the commercial segment were driven by pickup and van sales, which were both up 78 percent. Sales to rental customers increased 22 percent due to timing. Year to date, rental sales are essentially equal to a year ago. Sales to government customers were up 8 percent. GM’s fleet mix in July was about 23 percent, which is below the company’s typical mix of about 26 percent.


Ford Motor (F) July U.S. Sales Rose 9.5%; Escape, Fusion Bolster Gains Aug 1, 2014 09:01AM

Ford Motor (NYSE: F) Company U.S. sales of 212,236 vehicles increased 10 percent over a year ago for the best July in eight years. Retail sales of 162,028 vehicles are up 7 percent.

*** Consensus estimates were looking for a 9.2 percent gain.

“July proved to be a very good month for Ford and Lincoln with positive gains across the board in all the major segments,” said John Felice, Ford vice president, U.S. Marketing, Sales and Service. “Escape and Fusion were big contributors to our sales increases, with both setting July sales records. F-Series again topped the 60,000-vehicle sales mark and we’re seeing great initial demand for our launch vehicles, such as the Transit Connect, Transit Connect Wagon and the Lincoln MKC as availability builds.”

Ford Fusion set an all-time monthly sales record in July with 23,942 cars sold, a gain of 17 percent. The West region of the United States continues to drive Fusion sales higher, with a 24 percent retail increase relative to a 22 percent increase nationally.

Ford Explorer sales are up 32 percent with 16,797 vehicles sold, for the vehicle’s best July since 2005. Ford Escape sales are up 19 percent, setting an all-time performance record for July.

Ford F-Series sales are up 5 percent with 63,240 trucks sold, a number achieved with the lowest incentives of the three largest pickup truck manufacturers.

Lincoln sales of 7,863 vehicles are up 14 percent, giving the brand its best July result in six years. Stock for Lincoln MKC is expanding and momentum is building, with 1,534 vehicles sold in July.

FORD MOTOR COMPANY JULY 2014 U.S. SALES

July

%

Year-To-Date

%

2014

2013

Change

2014

2013

Change

SALES BY BRAND
Ford 204,373 186,796 9.4 1,429,883 1,441,803 -0.8
Lincoln

7,863

6,919

13.6

52,385

45,207

15.9
Total Vehicles 212,236 193,715 9.6 1,482,268 1,487,010 -0.3
SALES BY TYPE
Cars 68,702 64,544 6.4 506,676 524,232 -3.3
Utilities 64,951 55,478 17.1 439,315 431,631 1.8
Trucks

78,583

73,693

6.6

536,277

531,147

1.0
Total Vehicles 212,236 193,715 9.6 1,482,268 1,487,010 -0.3
FORD BRAND
Fiesta 7,545 7,667 -1.6 42,626 45,831 -7.0
Focus 17,724 16,764 5.7 138,680 151,549 -8.5
C-MAX 2,994 2,700 10.9 16,444 23,040 -28.6
Fusion 23,942 20,522 16.7 189,440 181,668 4.3
Taurus 5,587 6,373 -12.3 35,259 43,820 -19.5
Police Interceptor Sedan 1,040 903 15.2 6,462 6,046 6.9
Mustang

6,564

5,768

13.8

50,795

48,879

3.9
Ford Cars 65,396 60,697 7.7 479,706 500,833 -4.2
Escape 26,558 22,343 18.9 179,448 178,969 0.3
Edge 8,564 10,541 -18.8 69,632 79,512 -12.4
Flex 1,895 2,689 -29.5 14,884 15,525 -4.1
Explorer 16,797 12,742 31.8 111,785 108,044 3.5
Police Interceptor Utility 2,209 1,347 64.0 11,681 7,288 60.3
Expedition

4,371

2,744

59.3

26,470

20,485

29.2
Ford Utilities 60,394 52,406 15.2 413,900 409,823 1.0
F-Series 63,240 60,449 4.6 429,065 427,935 0.3
E-Series 9,988 9,724 2.7 76,893 75,687 1.6
Transit 496 0 NA 986 0 NA
Transit Connect 4,090 2,885 41.8 23,889 23,331 2.4
Heavy Trucks

769

635

21.1

5,444

4,194

29.8
Ford Trucks

78,583

73,693

6.6

536,277

531,147

1.0
Ford Brand 204,373 186,796 9.4 1,429,883 1,441,803 -0.8

July

%

Year-To-Date

%

2014

2013

Change

2014

2013

Change

LINCOLN BRAND
MKZ 2,776 2,809 -1.2 21,752 17,249 26.1
MKS

530

1,038

-48.9

5,218

6,150

-15.2
Lincoln Cars 3,306 3,847 -14.1 26,970 23,399 15.3
MKC 1,534 0 NA 2,895 0 NA
MKX 1,983 2,002 -0.9 15,080 13,653 10.5
MKT 406 437 -7.1 3,153 3,693 -14.6
Navigator

634

633

0.2

4,287

4,462

-3.9
Lincoln Utilities

4,557

3,072

48.3

25,415

21,808

16.5
Lincoln Brand 7,863 6,919 13.6 52,385 45,207 15.9


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