We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Toyota (TM) Subsidiary Reports Rise in October Vehicle Sales
Read MoreHide Full Article
Toyota Motor North America (TMNA), a subsidiary of Toyota Motor Corporation (TM - Free Report) , reported October 2017 vehicles sales of 188,434. October 2017 had one less selling day compared with the prior year. Despite that, in terms of volume, sales rose 1.1% in October 2017 compared with the year-ago period. Also, sales grew 5.2% on a daily-selling-rate (DSR) basis.
The industry saw robust sales in the first month of fourth-quarter 2017. The company anticipates this upward trend to continue for the rest of the year.
The largest Japanese automakers’ sales in China rose 13.5% in October from a year earlier to about 112,700 vehicles. Notably, in September, sales in China increased 14.1% in a year-over-year basis.
Toyota is one of the leading automakers in the world in terms of sales and production. October sales were driven by higher sales of light trucks, led by the 10th successive monthly sales record for RAV4. Moreover, the all-new 2018 Camry, with October sales of more than 26,000 units, is showing stellar performance.
Shares of Toyota have underperformed the industry it belongs to in the last three months. The company’s shares have gained 10.1% compared with the industry’s growth of 13%.
Currently, Toyota carries a Zacks Rank #3 (Hold).
A few better-ranked stocks in the auto space are Navistar International Corporation , Cummins Inc. (CMI - Free Report) and Ford Motor Company (F - Free Report) .
Navistar has an expected long-term growth rate of 5%.
Cummins has an expected long-term growth rate of 12.4%.
Ford has an expected long-term growth rate of 10.7%.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Image: Bigstock
Toyota (TM) Subsidiary Reports Rise in October Vehicle Sales
Toyota Motor North America (TMNA), a subsidiary of Toyota Motor Corporation (TM - Free Report) , reported October 2017 vehicles sales of 188,434. October 2017 had one less selling day compared with the prior year. Despite that, in terms of volume, sales rose 1.1% in October 2017 compared with the year-ago period. Also, sales grew 5.2% on a daily-selling-rate (DSR) basis.
The industry saw robust sales in the first month of fourth-quarter 2017. The company anticipates this upward trend to continue for the rest of the year.
The largest Japanese automakers’ sales in China rose 13.5% in October from a year earlier to about 112,700 vehicles. Notably, in September, sales in China increased 14.1% in a year-over-year basis.
Toyota is one of the leading automakers in the world in terms of sales and production. October sales were driven by higher sales of light trucks, led by the 10th successive monthly sales record for RAV4. Moreover, the all-new 2018 Camry, with October sales of more than 26,000 units, is showing stellar performance.
Shares of Toyota have underperformed the industry it belongs to in the last three months. The company’s shares have gained 10.1% compared with the industry’s growth of 13%.
Currently, Toyota carries a Zacks Rank #3 (Hold).
A few better-ranked stocks in the auto space are Navistar International Corporation , Cummins Inc. (CMI - Free Report) and Ford Motor Company (F - Free Report) .
Navistar and Cummins sport a Zacks Rank#1 (Strong Buy), while Ford carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Navistar has an expected long-term growth rate of 5%.
Cummins has an expected long-term growth rate of 12.4%.
Ford has an expected long-term growth rate of 10.7%.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>