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Will The Coming Subprime Auto Loan Calamity Affect Tesla?
Thursday, April 13, 2017 - 1:32pm | 1264The deterioration in U.S. auto credit is expected to continue in 2017, Fitch Ratings said in a report released in early April. Specifically, the firm sees auto asset-backed securities portfolios at risk. With subprime loan saga rearing its ugly head once again, auto lenders, as well as automakers...
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Automakers' March Numbers Deflate Share Prices
Monday, April 3, 2017 - 1:25pm | 902Shares of automakers and auto parts retailers took a hit on Monday amid the release of lackluster March sales data, as car sales took a hit amid consumer preference for SUVs and trucks in a low gas prices environment. The "double-I" concerns, namely incentives and inventories, did not bode well for...
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Automakers In Top Gear As November Sales Accelerate
Thursday, December 1, 2016 - 1:34pm | 532Automakers are truly in the fast lane, as is evident from the monthly sales results reported for November by companies within the space. Easy credit terms, heavy promotions, two extra selling days this year, benign gas prices and buoyant consumer confidence have all served to work in unison to...
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October's U.S. Auto Sales: Most Disappoint, But Mitsubishi And Hyundai Buck The Trend
Tuesday, November 1, 2016 - 3:39pm | 688It seems there is no respite for the automakers, as most continued to report a drop in sales for the month of October. Some of the companies have suffered a drop in recent months as well. One of the reasons is the tough comparisons. A week ago, Edmunds.com predicted a new auto sales drop of 6.8...
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Fear Of Commitment? Millennials Prefer To Lease Over Buying Their Cars
Thursday, September 29, 2016 - 2:50pm | 356Millennials are a stereotyped demographic. They have been said to have a fear of ownership when it comes to large-scale purchases, from home buying to car buying. Certainly, it appears this group has a fear of commitment. Automakers have long worried that millennials were not interested in car...
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SUV Sales To Women Growing At A Faster Rate Than Men
Tuesday, May 31, 2016 - 2:52pm | 296Women are buying SUV vehicles at a faster rate than men, according to a report by Bloomberg. From 2010 through 2015, sales of small SUV to women surged 34 percent, while sales to men rose just 22 percent, according to Bloomberg, citing data from MaritzCX, a customer-experience software and research...
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Automakers Posted Double-Digit Sales Gains In December
Tuesday, January 5, 2016 - 3:12pm | 428On Tuesday, Fiat Chrysler Automobiles NV (NYSE: FCAU), Nissan Motor Co Ltd (ADR) (OTC: NSANY) and Toyota Motor Corp (ADR) (NYSE: TM) each posted double-digit U.S. sales gains in December. 2016 To Be A Record Year For Sector According to Edmunds.com, automakers selling in the United States are...
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Edmunds.com Analyst Doubts Tesla Can 'Eliminate Range Anxiety'
Tuesday, March 17, 2015 - 9:35am | 229Speaking to Benzinga, Edmunds.com Green Car Analyst John O'Dell said Tesla Motors Inc (NASDAQ: TSLA) CEO Elon Musk "is a master of media manipulation" in relation to the claim that the company will end "range anxiety." O'Dell said, tongue-in-cheek, that only a...
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GasBuddy's Affordable Last-Minute Spring Break Road Trips
Wednesday, February 25, 2015 - 4:19pm | 725It might not seem like it, but spring break is only weeks away. To help consumers with their spring break travel plans, GasBuddy, home of a popular community-based gas price comparison app, has compiled a list of affordable road-trips that can be taken for around $200. In addition, the...
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Edmunds.com Analyst Thinks There's Enough Space For Both Chevrolet Bolt And Tesla Model 3
Monday, January 12, 2015 - 5:46pm | 206Speaking to Benzinga, Edmunds.com Analyst Jessica Caldwell told Benzinga that both Tesla Motors Inc (NASDAQ: TSLA) and the General Motors Company (NYSE: GM) Chevrolet brand have the same type of mission: build a pure electric drive vehicle for the common man. Earlier Monday, Chevrolet...
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Edmunds.com Analyst: Auto Sales Can't Continue To Grow In This Way
Tuesday, January 6, 2015 - 3:51pm | 537What sticks out to Edmunds.com analyst Jessica Caldwell about the auto sector is just how strong sales continue to be, she told Benzinga. But she knows that sales can’t continue to grow at this rate. Caldwell explained that sales are at pre-recession rates right now, so there isn’t...
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Edmunds.com Senior Analyst On Tesla Sell-Off: 'There Is Definitely A Relationship Between Gas Prices And Electric Cars'
Wednesday, December 3, 2014 - 4:54pm | 109When asked about why shares of Tesla Motors Inc (NASDAQ: TSLA) might be trading down Wednesday, Senior Analyst for Edmunds.com Jessica Caldwell told Benzinga that gas prices “certainly” have an effect on electric-drive cars. “When gas prices go up, people are less likely to...
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Why Selling Used Cars Could Work For Tesla Motors Inc
Thursday, October 9, 2014 - 1:56pm | 747Can’t afford a new car from Tesla Motors Inc (NASDAQ: TSLA)? No worries, the automaker will soon be selling used versions of its Model S. Ahead of the automaker's unveiling event planned for 7 p.m. PT on Thursday, Automotive News reported that Tesla is developing its own certified pre...
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Car Companies Watch The Rising Ride-Share Industry Warily
Friday, September 19, 2014 - 9:02am | 623A lot of Internet and newspaper ink has spilled recently about the global rise of the vehicular pick-up and ride-sharing industry. Automakers appear to be positioning themselves for whatever economic and cultural changes companies like Uber, Zipcar Inc and Lyft are bringing -– or might...