Auto & truck industry
Article Abstract:
Automobile sales in the US are expected to reach 15.3 mil units in 1997, compared to 15.1 mil units in 1996, with only one month left in the sales year. However, unit profitability may decrease in 1998 with large sales incentives and the decision not to increase prices on 1998 models, and sales for Japanese automakers could also be mixed. Chrysler and General Motors stocks appear to be the best investments through the years 2000-2002.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1997
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Auto & truck industry
Article Abstract:
Sales of light vehicles in the US have rebounded in July and Aug of 1997 after a disappointing 2nd qtr of 1997, with the good economy, low interest rates and inflation, and dealer incentives being factors. Chrysler Corp, Ford Motor Co, and General Motors Corp have become more efficient, and 1998 auto prices will rise at a lower rate than before. Some of these stocks are timely for 1997 and are expected to outperform the market.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
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