|
Morgan & Company service subscribers receive additional analysis &
information.
August 1, 2010 -
U.S. Automotive Sales Analysis
July US auto sales analysis/reports/charts will be distributed
to subscribers the afternoon of August 3rd.
We will
then post a summary below.
Visit the
Sales Analysis Page for subscription
to the complete monthly Sales Analysis
and to view past month summary pages.
August 3, 2010 -
U.S. Automotive Sales Analysis for July & YTD:
Adobe
(pdf) Format
Excel
(xls) Format
August 7, 2010 - Chrysler Group North American
Production Overview:
|
Chrysler Group |
July '10 |
July '09 |
% Chng |
2010 CY |
2009 CY |
% Chng |
|
U.S. Car |
6,907 |
3,353 |
105.99% |
107,724 |
29,587 |
264.09% |
|
Canadian Car |
6,279 |
5,135 |
22.28% |
107,610 |
48,884 |
120.13% |
|
Mexican Car |
- |
- |
|
- |
- |
|
|
Total Car Production |
13,186 |
8,488 |
55.35% |
215,334 |
78,471 |
174.41% |
|
|
|
|
|
|
|
|
|
U.S. Truck |
42,112 |
19,634 |
114.49% |
350,846 |
172,063 |
103.91% |
|
Canadian Truck |
14,984 |
11,865 |
26.29% |
180,915 |
71,741 |
152.18% |
|
Mexican Truck |
16,187 |
12,000 |
34.89% |
146,371 |
58,886 |
148.57% |
|
Total Truck Production |
73,283 |
43,499 |
68.47% |
678,132 |
302,690 |
124.04% |
|
|
|
|
|
|
|
|
|
Total Car & Truck |
86,469 |
51,987 |
66.33% |
893,466 |
381,161 |
134.41% |
August 7, 2010 - Ford Motor Company North American
Production Overview:
|
Ford Motor |
July '10 |
July '09 |
% Chng |
2010 CY |
2009 CY |
% Chng |
|
U.S. Car |
26,271 |
19,123 |
37.38% |
227,852 |
137,092 |
66.20% |
|
Canadian Car |
2,579 |
3,146 |
-18.02% |
56,969 |
45,550 |
25.07% |
|
Mexican Car |
24,516 |
22,468 |
9.12% |
202,223 |
109,276 |
85.06% |
|
Total Car Production |
53,366 |
44,737 |
19.29% |
487,044 |
291,918 |
66.84% |
|
|
|
|
|
|
|
|
|
U.S. Truck |
76,589 |
82,416 |
-7.07% |
746,648 |
569,244 |
31.16% |
|
Canadian Truck |
11,721 |
15,024 |
-21.98% |
133,388 |
79,653 |
67.46% |
|
Total Truck Production |
88,310 |
97,440 |
-9.37% |
880,036 |
648,897 |
35.62% |
|
|
|
|
|
|
|
|
|
Total Car & Truck |
141,676 |
142,177 |
-0.35% |
1,367,080 |
940,815 |
45.31% |
August 10, 2010 - Federal Open Market Committee
Statement
Information received since the Federal Open Market Committee met in
June indicates that the pace of recovery in output and employment has
slowed in recent months. Household spending is increasing gradually,
but remains constrained by high unemployment, modest income growth,
lower housing wealth, and tight credit. Business spending on equipment
and software is rising; however, investment in nonresidential
structures continues to be weak and employers remain reluctant to add
to payrolls. Housing starts remain at a depressed level. Bank lending
has continued to contract. Nonetheless, the Committee anticipates a
gradual return to higher levels of resource utilization in a context
of price stability, although the pace of economic recovery is likely
to be more modest in the near term than had been anticipated.
Measures of underlying inflation have trended lower in recent
quarters and, with substantial resource slack continuing to restrain
cost pressures and longer-term inflation expectations stable,
inflation is likely to be subdued for some time.
The Committee will maintain the target range for the federal funds
rate at 0 to 1/4 percent and continues to anticipate that economic
conditions, including low rates of resource utilization, subdued
inflation trends, and stable inflation expectations, are likely to
warrant exceptionally low levels of the federal funds rate for an
extended period.
To help support the economic recovery in a context of price
stability, the Committee will keep constant the Federal Reserve's
holdings of securities at their current level by reinvesting principal
payments from agency debt and agency mortgage-backed securities in
longer-term Treasury securities.1
The Committee will continue to roll over the Federal Reserve's
holdings of Treasury securities as they mature.
The Committee will continue to monitor the economic outlook and
financial developments and will employ its policy tools as necessary
to promote economic recovery and price stability.
Voting for the FOMC monetary policy action were: Ben S. Bernanke,
Chairman; William C. Dudley, Vice Chairman; James Bullard; Elizabeth
A. Duke; Donald L. Kohn; Sandra Pianalto; Eric S. Rosengren; Daniel K.
Tarullo; and Kevin M. Warsh.
Voting against the policy was Thomas M. Hoenig, who judges that the
economy is recovering modestly, as projected. Accordingly, he believed
that continuing to express the expectation of exceptionally low levels
of the federal funds rate for an extended period was no longer
warranted and limits the Committee's ability to adjust policy when
needed. In addition, given economic and financial conditions, Mr.
Hoenig did not believe that keeping constant the size of the Federal
Reserve's holdings of longer-term securities at their current level
was required to support a return to the Committee's policy objectives.
August 13, 2010 - North American Production Overview
for July & YTD
|
NA Production |
July, 2010 |
July, 2009 |
% Chng |
|
General Motors Corp. |
200,582 |
101,455 |
97.71% |
|
Ford Motor Company |
141,676 |
142,177 |
-0.35% |
|
Chrysler Group |
86,469 |
51,987 |
66.33% |
|
Toyota Motor Mfg. |
88,781 |
89,918 |
-1.26% |
|
Honda of America |
101,917 |
69,939 |
45.72% |
|
Others * |
171,813 |
128,583 |
33.62% |
|
Total Light Vehicle |
791,238 |
584,059 |
35.47% |
* current month includes estimates for several
manufacturers included in "Others"
|
NA Production |
7 Months '10 |
7 Months '09 |
% Chng |
|
General Motors Corp. |
1,598,932 |
862,402 |
85.40% |
|
Ford Motor Company |
1,367,080 |
940,815 |
45.31% |
|
Chrysler Group |
893,466 |
381,161 |
134.41% |
|
Toyota Motor Mfg. |
853,479 |
555,127 |
53.74% |
|
Honda of America |
754,763 |
526,873 |
43.25% |
|
Others |
1,313,347 |
790,056 |
66.23% |
|
Total Light Vehicle |
6,781,067 |
4,056,434 |
67.17% |
August 13, 2010 - North
American Vehicle Production Forecast Update
As of April, 2010 we had raised our production forecast for this year
to 10.5 million vehicles.
And as of July the total for North America was slightly over 11.0
million vehicles.
The August update will be distributed to subscribers the week of
August 23.
August 30, 2010 - We're now on facebook:
http://www.facebook.com/MorganAndCompany
|
