RV_ Posted August 28, 2022 Report Share Posted August 28, 2022 (edited) If you have stock in the auto industry this is FYI. Excerpt: US auto sales continue to crash. In the 2nd quarter of 2022, US auto sales were down 20% (-821,642) compared to the 2nd quarter of 2021. They were up 19% (544,191) compared to the 2nd quarter of 2020, but down 21% (-933,390) compared to the 2nd quarter of 2019. In other words, the US auto market has been crashing if you ignore that little rebound after the biggest economic shutdowns of the COVID pandemic. Improving Auto Brands Only 5 auto brands were up from Q2 2019 to Q2 2022 and only 6 auto brands were up from Q2 2021 to Q2 2022. The only brand that was up a great deal from the 2019 to 2022 period was Tesla, which saw its Q2 sales increase approximately 114%. Second best was Porsche at 28%, and Porsche happens to be the legacy auto brand with the highest share of its sales now coming from plugin models. After that, only Mercedes (17%), Chrysler (12%), and Kia (8%) had quarterly sales increases. Comparing Q2 2022 to Q2 2021, the brand with the biggest sales increase was actually Chrysler (up 95%). Of course, taking 2019 into account, this was due in large part to Chrysler having a very poor Q2 2021 (in addition to the very poor Q2 2020 that was typical across the industry). Tesla’s sales in Q2 2022 were 41% higher than in Q2 2021. After that, the only remaining auto brands to see their sales go up had minor sales increases. Mercedes–Benz sales were up 7%, Porsche sales were up 3%, Ford sales were up 2%, and Lincoln sales were up 1%. Who’s Suffering the Most? In terms of volume change, the brands suffering the most compared to 2019 are Ford (down 164,453 in Q2 2022 versus Q2 2019), Honda (down 154,661), Nissan (down 149,830), and Chevrolet (down 112,265). Though, they are closer to the middle of the pack when looking at volume change. Looking at volume change, the biggest losers from Q2 2019 to Q2 2022 were Fiat (-91%), Infiniti (-63%), Dodge (-63%), and Buick (-48%). Compared to Q2 2021, the brands suffering the most in Q2 2022 in terms of volume sales losses were Honda (-220,758), Toyota (-140,971), and Nissan (-107,670). Honda even had huge losses in Q2 2022 compared to Q2 2021 (down 50,879, far more than any other brand). The biggest losers in terms of percentage change were Fiat (-72%), Buick (-56%), Honda (-51%), Acura (-51%), Mini (-45%), and Infiniti (-41%). Fiat and Infiniti were also down a lot compared to Q2 2021 (-81% and -34%, respectively)." For more and charts go here: https://cleantechnica.com/2022/08/26/quarterly-us-auto-sales-down-nearly-1-million-while-tesla-sales-up-97-in-3-years/ Edited August 28, 2022 by RV_ Quote RV/Derekhttp://www.rvroadie.com Email on the bottom of my website page.Retired AF 1971-1998 When you see a worthy man, endeavor to emulate him. When you see an unworthy man, look inside yourself. - Confucius “Those who can make you believe absurdities, can make you commit atrocities.” ... Voltaire Link to comment Share on other sites More sharing options...
RV_ Posted August 28, 2022 Author Report Share Posted August 28, 2022 Another article: Tesla Stock Split Sends Small Ripples Throughout The Market "The Trajectory after the Tesla Stock Split In Q1 2022, Tesla reported quarterly revenue of $16.9 billion — 42% YTY. Tesla’s Q2 2022 earnings beat most analysts’ expectations. Tesla stock closed at $891.29 before the split on Wednesday. When the stock split occurred after market close that day, each investor gained about two additional shares. Shares of the all-electric vehicle maker seemed to catch on fire a bit in after-hours trading. The stock opened on Thursday at $302 and closed at $296.07. In an after-hours snapshot Thursday, Tesla came in at $297, or +.47%. At this writing at 1:26 pm on Friday afternoon, Tesla was down slightly to $290. In many cases, a stock split doesn’t outperform the broader market until 1–3 years following the split. A study by Nasdaq points out that just announcing a stock split gave an average boost of 2.5% to a stock. That boost added to an average stock outperformance of almost 5% after one year. Between 2017 and 2021, Tesla expanded at a compound annual rate of 46%. Based on analysts’ estimates, of $83.9 billion in 2022 sales, that growth rate will accelerate to 56% this year. In 2023, continuing that trend, the company could generate over $100 billion in annual revenue for the very first time." Source: https://cleantechnica.com/2022/08/26/tesla-stock-split-sends-small-ripples-throughout-the-market/ Quote RV/Derekhttp://www.rvroadie.com Email on the bottom of my website page.Retired AF 1971-1998 When you see a worthy man, endeavor to emulate him. When you see an unworthy man, look inside yourself. - Confucius “Those who can make you believe absurdities, can make you commit atrocities.” ... Voltaire Link to comment Share on other sites More sharing options...
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