Latest news with #AutoIndustry
The Drive
9 hours ago
- Automotive
- The Drive
Can Americans Even Afford To Buy American-Made Cars?
The latest car news, reviews, and features. This morning, a new survey proclaimed that 55% of 'in-market car shoppers' would be willing to pay more for a car if it created American jobs. If new taxes keep discouraging imported vehicles and materials from our market, we're not going to have a choice. Vehicles assembled in American factories carry the highest average price—$53,000—compared to the overall average of about $50,000. new 'American-Made Index,' a big info-dump on the state of our auto industry and its relationship to the global car economy, is the source of these little revelations. Some of the 2025 AMI stats are consistent with what we've seen the last few years: Tesla and Honda do the most car-making in America, while the Ford F-150 and Chevy Silverado are not even in the top 20 'most American.' The Jeep Gladiator, built in Toledo, is the only pickup truck that really syncs with its rah-rah-'murica marketing. At least, from a manufacturing standpoint. Meanwhile, Korean companies seem to be trending toward American assembly most expediously; the Hyundai Ioniq 5, Kia EV6, and Kia EV9 are now all made in Georgia. The EV6 has a remarkably high American parts content of 80%. But the difference in average pricing by nation of origin is what caught my attention this year. The takeaway is: Inexpensive cars are dying, and taxes are speeding their demise. These two slides from the AMI presentation lay the situation out (scroll between them with the little arrows on the sides of the slide): The bottom line is that cars made in America are, generally speaking, more expensive. There are not that many new vehicles with an MSRP under $30,000 these days, but of the ones that are, 91% are manufactured abroad and exposed to the pressures of tariffs. More specifically, out of 19 U.S. market cars listed under $35,000, only two are made in America. The data above tells us that de-globalizing the automobile industry will increase consumer costs. But the scariest part is, nobody really knows what the long-term logistical environment for cars will look like. And that's a tough problem to face when every company in an industry is international. Got a tip? Drop us a line at tips@
Yahoo
25-05-2025
- Automotive
- Yahoo
Tan Chong Motor Holdings Berhad First Quarter 2025 Earnings: EPS: RM0.006 (vs RM0.024 loss in 1Q 2024)
Revenue: RM553.0m (down 1.9% from 1Q 2024). Net income: RM4.14m (up from RM15.7m loss in 1Q 2024). Profit margin: 0.7% (up from net loss in 1Q 2024). The move to profitability was driven by lower expenses. EPS: RM0.006 (up from RM0.024 loss in 1Q 2024). Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. All figures shown in the chart above are for the trailing 12 month (TTM) period Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 8.1% growth forecast for the Auto industry in Asia. Performance of the market in Malaysia. The company's shares are down 16% from a week ago. Before we wrap up, we've discovered 3 warning signs for Tan Chong Motor Holdings Berhad (1 doesn't sit too well with us!) that you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Standard
09-05-2025
- Automotive
- Business Standard
Indian auto retails remain modest in April, says FADA
The Federation of Automobile Dealers Associations (FADA) released Vehicle Retail Data for Apr'25. As per FADA, the new financial year began on a modest note as overall automobile retails in April managed to grow by 3% Y-o-Y. 2W retail volumes demonstrated a resilient up-cyclegrowing 2.25% YoY and accelerating 11.84% MoM underscoring a stable demand environment amid mixed headwinds. Urban demand remained robust, supported by new-model introductions, although elevated financing costs and OBD2B-linked price adjustments posed isolated bottlenecks. Despite limited model introductions, the PV segment registered a 1.55% YoY increase alongside a marginal 0.19% MoM decline. This performance reflects a discount-led market and elevated inventoriesapproximately a 50-day supplyamid cautious consumer sentiment that tempered enquiry-to-sale conversions. Sustained SUV demand underpinned volumes even as entry-level customers remained cautious, underscoring the need for OEMs to recalibrate production and reduce stock levels to mitigate deeper discounts and carrying costs at dealerships. Aprils CV segment faced a 1.05% YoY decline and a 4.44% MoM contraction following OEM-led price increases against stagnant freight rates and fleet utilisation. Dealer feedback highlights that advance purchases in March resulted in elevated carryover stocks, while holiday calendars dampened fresh enquiries and delayed conversions particularly in the SCV cargo category, where price and product gaps have weighed heavily. Conversely, the bus segment exhibited resilience, underpinned by strong school-transport and staff-mobility demand. Although financing availability remains broadly stable, enhanced support for first-time users will be critical to reignite momentum. FADA further mentioned that Auto Industry will need to balance event-driven tailwinds against customer-level liquidity constraints and seasonal softness to sustain momentum. It points to a cautiously optimistic outlook where demand will be choppy, but disciplined inventory management, targeted incentives and easing borrowing costs should help the industry navigate the upcoming months.
