SAAR

Michael Ward of Sterne Agee commented in a note on Friday that U.S. light vehicle sales for December are expected to maintain an industry wide Seasonally Adjusted Annual Rate (SAAR) of 16.8 million units. Ward expects 1.5 million light vehicles were sold in December, representing an 11 percent year...

Rod Lache of Deutsche Bank commented in a note that U.S. Seasonally Adjusted Annual Rate (SAAR) is tracking at 16.6 million units so far in November, representing a 5.8 percent improvement in absolute units from a year ago, despite fewer selling days. Lache adds that his November projections...

Following major auto manufacturers releasing sales data for September, Ryosuke Hosino and Kota Mineshima of Morgan Stanley offered some commentary. September's U.S. auto sales SAAR (seasonally adjusted annual rate) came in at 16.43 million vehicles, a “major correction” from 17.53 million units in...

Goldman Sachs downgrades 3M (NYSE: MMM) to Neutral on lack of near-term catalysts. Goldman Sachs says, "Sentiment likely remains positive on late-cycle, but also improves on US auto and housing from depressed lows given signs of life (SAAR, home prices, employment) and reversion optionality."...

Goldman Sachs downgrades Emerson Electric (NYSE: EMR) to Neutral on lack of near-term catalysts. Goldman Sachs says, "Sentiment likely remains positive on late-cycle, but also improves on US auto and housing from depressed lows given signs of life (SAAR, home prices, employment) and reversion...