Auto & truck industry
Article Abstract:
The Clinton administration has announced tariffs on Japanese luxury cars which will take effect June 28, 1995 unless a last-minute agreement is reached. A trade war has been avoided in past years, but several factors, including the instability of the yen, make it less likely that Japan will submit to US demands. German automakers, such as BMW and Mercedes, would be the most likely beneficiaries of the tariffs, not US manufacturers. Automobile stocks should be avoided, due to a possible trade war and other risks.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1995
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Auto & truck industry
Article Abstract:
New car and truck sales increased during the 2nd qtr of 1996, and 15.4 mil. will be sold by the end of 1996 if the current trend continues. Production capacity may also be increased by the Big Three automakers. About 25% of new cars and trucks are now leased, and this may increase to 50% by the year 2000. Fleet sales are now 25% of the market, as well. Investors need to evaluate these stocks on a weekly basis, as they are not timely for 1996.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1996
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Auto & truck industry
Article Abstract:
The auto and truck industry has become global and is being reported as such. More vehicles are being manufactured overseas by Isuzu and Suzuki, and, in the near future, Honda, due to rising Japanese labor costs and currency considerations. Toyota is now the 4th largest car maker in the US. The 10% luxury tax on cars costing over $32,000 is being phased out by Congress. These stocks are untimely in 1996 and best avoided.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1995
User Contributions:
Comment about this article or add new information about this topic: