Latest news with #Q2Sales
Yahoo
4 days ago
- Automotive
- Yahoo
Why Ford's Q2 Sales Should Have Rivals Worried
Why Ford's Q2 Sales Should Have Rivals Worried originally appeared on Autoblog. Three automakers defy the Q2 downturn Most automakers' Q2 sales in the U.S. didn't fare well, and of the three that did experience gains, one stood out substantially. Ford Motor Co., Toyota Motor North America, and General Motors were the only major manufacturers to report U.S. year-over-year sales gains during Q2, but Ford beat the latter two companies by 7% and 7.2%, respectively, at 14.2%. In Q2, Ford sold 612,095 new vehicles in the U.S., many of which were SUVs and pickups. For the first half of 2025, Ford reported that its domestic sales increased by 6.6% to 1,113,386 units, compared to the same period in 2024. Sales for Ford's luxury subsidiary, Lincoln, increased 31% to 31,332 new vehicles during Q2, while Ford brand deliveries rose 13.4% to 580,763 new cars, the Detroit Free Press reports. Ford's last-minute pivot made all the difference for Q2 Ford's employee pricing campaign for most of its inventory, named 'From America, For America,' which ended July 7, was a key catalyst in generating this sales success. The campaign was a direct response to the Trump administration's automotive import tariffs set to increase vehicle prices. Ford had another ad campaign and incentive program ready to go, but it worked through a weekend at the end of March to develop 'From America, For America.' The transition led to Ford capturing the first half of the year's sales crown for the eighth time in the past decade. Ford's CEO, Jim Farley, said: 'Toyota is a tough competitor, but this is about much more than a sales race, it's about being a company Americans trust and turn to when it matters,' according to USA Today. Farley began his career in marketing at Toyota. Where Ford thrived during Q2 Trucks and SUVs represented nearly 80% of Ford's Q2 sales. Its F-Series pickup broke a Q2 record with 222,459 deliveries, the Maverick compact truck's sales grew 26.3% to 48,041 units, and the Ranger's numbers increased 36.3%, supported by the model's new Raptor variant. Collectively, the F-Series, Ranger, and Maverick's Q2 sales rose 15.1% year-over-year. Sales of Ford's electrified lineup, which includes BEVs (battery electric vehicles), hybrids, and PHEVs (plug-in hybrids), jumped 6.6% during Q2 to 82,886 units, and Pro Super Duty numbers grew 13.5%, the best since 2004. Regarding Ford's SUVs, Expedition sales led the way during Q2, at 43.9% to 31,298 units, marking the model's best Q2 in 20 years. Lincoln Navigator sales rose 115% to 7,355, its strongest Q2 in 21 years, and the Bronco family, which includes the Bronco and Bronco Sport, sold a record 78,543 SUV examples for a 44.7% gain. Overall, Lincoln experienced its best quarter since 2007. Final thoughts Ford's sales surging 14.2% during Q2 outpaced an industry growth of just 1.4%, AInvest reports. Much of this success was attributed to a last-minute promotional shift created over a single weekend, underscoring the impact of timely and customer-focused marketing. Additionally, Ford gained a competitive edge during Q2 by leveraging its robust vehicle supply of trucks and SUVs as rivals dealt with dwindling inventories. While Toyota and General Motors similarly posted Q2 gains, the progress of the two companies paled in comparison to Ford's. Why Ford's Q2 Sales Should Have Rivals Worried first appeared on Autoblog on Jul 17, 2025 This story was originally reported by Autoblog on Jul 17, 2025, where it first appeared.
Yahoo
07-07-2025
- Automotive
- Yahoo
Mercedes-Benz Q2 sales fall 9% impacted by tariffs
(Reuters) -German carmaker Mercedes-Benz said on Monday its second-quarter unit sales of cars and vans fell 9%, citing the impact of tariffs. Deliveries fell to 547,100 cars and vans in the April-June period, while sales of battery electric vehicles dropped even more sharply by 18%, to 41,900 vehicles, the company said in a statement. 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
Yahoo
04-07-2025
- Automotive
- Yahoo
Tesla ‘very strong' June ‘looks like an aberration,' says HSBC
HSBC says Tesla's (TSLA) reported Q2 volumes 'imply an exceptional June' and finds it 'difficult to explain this sales bump.' Q3 may see some pulled forward demand ahead of the new tax bill, but the firm thinks the June result 'looks like an aberration' and doesn't expect the 170,000-180,000 vehicle June run-rate to 'be the new normal,' the analyst tells investors. HSBC maintains a Reduce rating and $120 price target on Tesla shares. Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on TSLA: Disclaimer & DisclosureReport an Issue Notable open interest changes for July 3rd Rivian Stock Has 'Exactly 6 Months' Left to Prove Its EV Comeback Story QQQ ETF News, 7/3/2025 Tesla price target raised to $315 from $285 at Goldman Sachs Tesla sales slump as Musk prioritizes robots, AVs, WSJ reports 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
Yahoo
03-07-2025
- Automotive
- Yahoo
Tesla's shock Q2 delivery surprise may have been driven by smaller unexpected markets, leaving Wall Street puzzled
Tesla's vehicle deliveries in Turkey and Norway last month were ten times the volume sold in Germany despite being minor in size when compared with Europe's largest economy. While this sudden spike in sales helped the company meet Q2 delivery estimates, it could be a sign that Tesla is in need of an outlet valve to prevent production cuts at plants such as its gigafactory near Berlin. After Tesla stunned the market on Wednesday with quarterly sales that were nowhere near as bad as feared, investors are racking their brains trying to figure out where tens of thousands of cars suddenly appeared. Signs indicate smaller markets may be serving as an outlet valve, for example to offload cars built in Tesla's Berlin factory now that many neighboring European markets have effectively shut the door on the brand due to reputational damage inflicted by CEO Elon Musk. Wall Street is therefore asking questions about whether last month's sudden spike in deliveries might have derived heavily from countries not otherwise known to be major sources of demand for Tesla. Nearly 60% of Tesla's entire first half sales in Turkey were generated in June alone. 'Deliveries above expectations may be well received,' UBS analysts wrote in a research note on Thursday, but there are '[questions] about where these vehicles sold (likely not typical regions).' Between Turkey and Norway, Tesla sold ten times as many cars in those two countries as it did in Germany last month. That's in spite of the fact total passenger car sales in the aforementioned duo, even when combined, are still only half the size of the latter. This surge in volume from unlikely places helped Tesla nail market consensus on Wednesday with 384,000 cars delivered in the second quarter, causing the stock to pop 5% in trading. Many experts that follow car markets closer than sell-side equity analysts had expected the number to come in closer to 360,000 vehicles given a lack of fresh product. Part of the reason Tesla could surprise, however, lies with the lack of transparency from Tesla relative to other carmakers. It publishes deliveries once per quarter, and only provides a split between volume—combined Model 3 and Y sales—and luxury, in which it groups the S, X, and Cybertruck together. Tesla did not respond to a request from Fortune for comment. The 7,235 vehicles sold in Turkey last month made Tesla the third-most popular brand after Renault and Volkswagen. For comparison, just 11,534 Teslas were sold in the country in all of last year, according to the local association ODMD. In EV-friendly Norway, Tesla sold 5,646 vehicles in June despite car demand in the Nordic country being 1/20th the size of Germany. Musk's brand was so strong it alone accounted for every third car sold in Norway last month. 'That's just bananas,' Cox Automotive analyst Erin Keating told Fortune. This could be a sign these markets are serving as a dumping ground for cars built in Tesla's Berlin plant now that European demand has dropped off so steeply. In Germany, the continent's largest car market by far, volumes for Tesla sank 60% in June to 1,860 vehicles and 58% across the entire first half. Such an approach would make it difficult to sustain high volumes consistently, however, as smaller markets like Norway saturate more quickly. That means Tesla could eventually be forced to halt production in Berlin due to lack of demand. In other more established markets like the United States, the picture is likewise grim. 'In the U.S. we're seeing them drop precipitously,' Keating explained. 'They're continuing to lose share pretty aggressively and the only thing they've got going for them right now is they are not as exposed to tariff risks since their cars are American produced.' This story was originally featured on 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
Yahoo
03-07-2025
- Business
- Yahoo
Truist Lifts Amazon Target to $250 Ahead of Q2
Truist's Youssef Squali just nudged his Amazon (NASDAQ:AMZN) price target up from $226 to $250, and it makes sense when you look at the numbers. He's forecasting Q2 sales of about $164 billionroughly an 11% jump from a year agothat even outpaces both Wall Street's $162 billion consensus and Amazon's own guidance range. Warning! GuruFocus has detected 4 Warning Sign with AMZN. North America is carrying most of the load, with almost $100 billion in revenue thanks to steady consumer spending (think fewer worries about tariffs and macro headwinds) and a currency tailwind as the dollar softens. On the international side, Squali bumped his forecast to $33.8 billion, up about 7% year-over-year, thanks largely to those same FX gains. And don't sleep on AWS: he sees cloud sales hitting $30.7 billion, driven by traditional services and a big push in generative AIand even with the extra AI investments, margins should stay in the mid-to-high 30% range, not far off last quarter's record 39.5%. All that adds up to around 14% upside if Amazon hits $250 a shareenough for Squali to stick with a Buy. This article first appeared on GuruFocus. 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
