Get 40% Off
These stocks are up over 10% post earnings. Did you spot the buying opportunity? Our AI did.Read how

China auto sales track higher than expectations

Published 07/11/2017, 09:10 AM
© Reuters.  China auto sales track higher than expectations
  • Automobile sales in China rose 2.3% in June to 1.83M to break a two-month streak of declining growth. YTD sales through the end of June were up 1.6% to 11.25M, a pace ahead of expectations given last year's 16% jump in sales.
  • Total vehicle sales in China, which include commerical purchases, rose 3.8% to 13.35M vehicles in the first half of the year.
  • Japanese automakers (TM, OTCPK:NSANY, HMC) are taking significant market share in China this year, while GM (NYSE:GM), Ford (NYSE:F) and Hyundai (OTC:HYMLF) have lost ground.
  • What to watch: Automobile demand in China will be heavily influenced in the back half of the year by Beijing's decision on whether a planned tax increase goes forward.
  • Related stocks: OTC:CQCAF, OTCPK:GWLLF, OTCPK:GWLLY, OTCPK:GELYF, OTCPK:GELYY, OTCPK:BYDDY, OTCPK:BYDDF, OTCPK:DNFGY, OTCPK:DNFGF, OTCPK:DDAIF, OTCPK:VLKAY, OTCPK:BMWYY, GM, OTC:GNZUF, OTC:GNZUY, TSLA, OTCPK:VLKAY.


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.