Category Archives: Hyundai

24Nov/15

Global Automotive Demand Atlas November 2015 edition

Automotive, BMW, Chrysler, Daimler Mercedes, FORD, Global Automotive Demand Atlas, GM, Honda, Hyundai, Isuzu, Kia Motors, Mazda, Peugeot, Porsche, Renault, Suzuki, Toyota, Volvo

In October, global light vehicle sales increased 5.1% yoy to 7.62m, after 2.9% in September, resulting in a 1.5% increase to 73.26m YTD. LMC Automotive (LMCA) calculate that underlying demand continued to strengthen in October, with a SAAR (seasonally adjusted annualised rate) of 92.4m units/year, up 4.0% from 88.8m in September, resulting in a YTD SAAR of 88.2m, up less than 1% from FY14’s 87.4m. The recovery of the October SAAR to levels last seen in December (92.1m) and January (89.4m), is due to a strong recovery in China, supported by continuing strong performances in the US and Western Europe.

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29Jun/15

June 2015 Global Automotive Demand Atlas

Automotive, BMW, Chrysler, Daimler Mercedes, Fiat, FORD, Global Automotive Demand Atlas, GM, Honda, Hyundai, Isuzu, Kia Motors, Mazda, Mitsubishi, Nissan, Opel, Peugeot, Renault, Toyota
In May, global light vehicle sales declined 1.4% yoy to 7.33m, after a 1.6% increase in April, resulting in a 1.1% increase to 36.79m YTD. LMC Automotive (LMCA) calculate that in May the SAAR (seasonally adjusted annualized rate) was 87.0m, units/year, down from 88.4m in April and well below January’s 89.4m, and 88.0m YTD.
The global LV sales that have been stable so far during 2015 are considerably weaker than a surprisingly strong December SAAR of 92.1m/year, confirming the suspicion that the latter was due to year-end marketing pushes in key markets.
For FY15E, we expect a global LV market of 89.0m, implying an increase by 1.7% or 1.5m. This is a downgrade from the previous forecast of 89.2m and an implied increase by 1.9% or 1.7m. The growth rate is thus expected to more than halve in 2015E, from 3.7% in FY14 and 4.0% in FY13.

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28May/15

Global Automotive Demand Atlas, May 2015 edition

Automotive, Chrysler, Daimler Mercedes, Fiat, FORD, Global Automotive Demand Atlas, GM, Honda, Hyundai, Isuzu, Kia Motors, Mazda, Mitsubishi, Nissan, Opel, Peugeot, Porsche, Renault, Scania, Subaru, Suzuki, Toyota, Volvo, VW

For FY15E, we expect a global LV market of 89.2m, implying an increase by 1.9% or 1.7m. The growth rate is thus expected to almost halve in 2015E, from 3.7% in FY14 and 4.0% in FY13.

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30May/14

053014 – CGI Global Automotive Demand Atlas, May

Automotive, BMW, Daimler, Fiat, FORD, Global Automotive Demand Atlas, GM, Honda, Hyundai, Kia Motors, Mazda, Mitsubishi, Opel, Peugeot, Porsche, Renault, Scania, Toyota, Volvo, VW, , ,

05 30 2014 CGI – GADA – May 2014 edition

Analyst Sabine Blumel reviews Global Automotive Demand by major market globally. SAAR revised down slightly due to the worsening outlook in a number of emerging markets,the FY14E forecast is a 3.5% increase to some 87.3m; this implies a deceleration from last year’s restated +3.9% growth to 84.36m.

23Apr/13

Global Automotive Demand Atlas – April edition

BMW, Chrysler, Daihatsu, Daimler Mercedes, Fiat, FORD, Global Automotive Demand Atlas, GM, Honda, Hyundai, Isuzu, Kia Motors, Mahindra & Mahindra, MAN, Mazda, Mitsubishi, Navistar Inter., Nissan, Opel, Paccar, Peugeot, Porsche, Renault, Scania, Subaru, Suzuki, Tata Motors, Tesla, Toyota, Volvo, VW

In March, the global light vehicle markets declined 1.5% yoy to 7.96m units, after having declined 6.2% yoy in February, resulting in a 1.6% yoy increase in YTD, according to LMC Automotive. The SAAR (seasonally adjusted annualised rate) of sales was 81.26m units/year, 2.0% higher than February’s 79.68m and 5.4% down from a record 85.91m in January. YTD, the SAAR was 82.83m, 2.3% higher than FY12’s 81.00m. In FY13E, the global LVs markets are expected to grow 2.8% to 83.2m, which implies a considerable deceleration from last year’s 5.3% and is in line with our previous forecast. (See GADA March 2013 edition of April 1st, 2013.) From 2014 onwards, the markets are expected to accelerate again and to grow by almost 7% p.a. in 2014E and 2015E.

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22Feb/13

Global Automotive Demand Atlas – February edition

BMW, Chrysler, Daimler Mercedes, Fiat, FORD, Global Automotive Demand Atlas, GM, Honda, Hyundai, MAN, Mitsubishi, Opel, Peugeot, Porsche, Renault, Toyota, VW

In January, the global light vehicle markets grew 12.0% yoy, after having advanced 1.3% yoy in December and 5.2% to 80.89m in FY12, according to LMC Automotive. The SAAR (seasonally adjusted annualised rate) of sales hit a record level of 85.91m units/year in January, 4.4% higher than December’s 82.31m. In FY13E, the global LVs markets are expected to decelerate sharply and grow just 2.7% to 83.0m, in line with our previous forecast. (See GADA January 2013 edition of January 23rd, 2013.)

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13Feb/13

Morning Market Commentary – No sell signals yet NDX;AAPL;Currency Musings;Global Automakers

Automotive, Currencies, Fiat, GE, Gold & Precious Metals, Honda, Hyundai, Morning Market Commentary, Peugeot, Renault, Technology, Toyota

We continue to see one good investment solution to the problem of global currency wars:  Investors should continue to buy Gold.

We have been recommending for 3 years to “sell/short” the French OEM’s and also Fiat, in Italy, which in retrospect clearly was an alpha generating call for investors over the entire time period.

Given recent macro-dynamic changes, in monetary policies, impacting currency markets around the world, namely the Yen weakening substantially versus most currencies, particularly the US$, the EURO, but also mostly against the Korean Won, we have become bullish in September 2012 on Japanese stocks, calling for a major rise in the Nikkei, and implicitly seeing a bullish case in favor of Japanese car companies.

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08Feb/13

Global Markets Strategy & Equities Outlook – Bullish on Japan & China

Allianz, ArcelorMittal, Banking, BMW, Commodities, Currencies, EADS, FORD, Gold & Precious Metals, Hyundai, Industrial Manufacturing, Jabil, MAN, Mitsubishi, Nestle, Oil, Gas & Energy, SAP, Seimens, Sony, Strategy, UBS, Unilever, Utilities, VW

As you know we turned very bullish on Japan and China in September 2012, and have been advising to overweight allocations towards the Nikkei and the Shanghai Indices, as we recognized major turning points in those markets due to changes in government leadership and implicitly new and improved stimulus policies going into effect as of Q4 2012.

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23Jan/13

Global Automotive Demand Atlas January 2013 edition

Automotive, BMW, Chrysler, Daimler Mercedes, Fiat, FORD, Global Automotive Demand Atlas, GM, Hyundai, MAN, Mitsubishi, Opel, Peugeot, Porsche, Renault, Toyota, VW

In December, the global light vehicle markets grew 1.3% yoy, after having advanced 4.3% in November, resulting in a 5.2% increase to 80.89m in FY12, according to LMC Automotive. The SAAR (seasonally adjusted annualised rate) of sales declined somewhat to 82.31m units/year in December, from 83.03m units/year in November, though was better than in October and September. In 2013E, the global LVs markets are expected to decelerate sharply and grow just 2.3% to 82.73m, in line with our previous forecast. (See GADA December 2012 edition of December 19th, 2012.)  Continue reading →

25Sep/12

Global Automotive Valuations – September 2012 Edition

Automotive, BMW, Chrysler, Daihatsu, Daimler Mercedes, Fiat, FORD, Global Automotive Valuation, GM, Honda, Hyundai, Isuzu, Kia Motors, Mahindra & Mahindra, MAN, Mazda, Mitsubishi, Navistar Inter., Nissan, Opel, Paccar, Peugeot, Porsche, Renault, Scania, Suzuki, Tata Motors, Tesla, Toyota, Volvo, VW

– Europe, US, Japan, Korea & India OEMs Valuations

– Global Truck Manufactures Valuations

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