Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Ford Motor Company    F

Mes dernières consult.
Most popular
News SummaryMost relevantAll newsSector newsTweets

Brazil Auto Sales To Benefit From Measures, Recovery -Anfavea

share with twitter share with LinkedIn share with facebook
share via e-mail
04/05/2012 | 07:16pm CET

--Sales recovered from a weak February, but first-quarter sales still down from 2011

--Falling rates and recovering growth should help sales rebound this year, Anfavea says

--Auto makers not yet ready for new industry rules, but seen adapting by year end

(Adds Anfavea comments throughout, starting in third paragraph.)

By Paulo Winterstein


Brazilian incentives for the motor-vehicle industry, together with improving growth in the broader economy, should help auto sales recover after a slow start to the year, the Brazilian Motor Vehicle Manufacturers Association, or Anfavea, said Thursday.

The association said Thursday that motor-vehicle sales recovered somewhat in March, jumping 20.5% from February but still 1.8% below last year's sales during the month. So far this year, sales are down 0.8% from the first quarter of 2011. When comparing average daily sales, however, sales slumped 2.4% in the first quarter because there was one more business day in the first quarter of 2012, Anfavea noted.

"This has been an atypical and interesting year," Anfavea President Cledorvino Belini said. "With the measures being adopted by the government, the reduction in interest rates, and the economy recovering, we should see growth in the market going forward."

Total Brazil sales of vehicles, which includes cars and light commercial vehicles as well as trucks and buses, reached 300,574 units in March, from 306,135 in the 2011 period and 249,517 in February.

Sales of only cars and light commercial vehicles rose 20.3% from February, but fell 1.7% from the year-earlier period.

Belini also praised the government's new rules for the auto industry, announced earlier this week. The new measures, meant to boost the competitiveness of the local auto industry at a time when imports account for almost a fourth of sales, demand that auto makers invest in technology and purchase more locally made parts in order to avoid higher taxes. The plan goes into effect in 2013, and though Belini said many aren't yet prepared to take advantage of the new rules, he said he expects most companies to adapt by the end of this year.

"This is a big step for Brazil," Belini said of the new rules. The investment could eventually lower costs in the country "because in the future we will pay smaller royalties because the technology will have been developed here in Brazil."

Belini said he doesn't see room in a competitive market for prices to climb should companies not meet the tougher standards and be subject to the higher tax.

Vehicle output, meanwhile, climbed both in comparison with last year and with the previous month, Anfavea said. Output reached 308,494, up 4.5% from the year-earlier period and expanding 42% from February. However, year-to-date output was 11% lower than the first quarter of 2011.

Truck production, which suffered in recent months as tougher vehicle emission standards went into effect, recovered a bit, rising 33% from February and expanding 3.5% from the 2011 period. But truck output so far this year is still 33% below the first quarter of last year.

"The decline was stronger than we expected," Belini said. The extension of cheaper credit for truck purchases, announced together with the new automotive rules, should help sales in coming months, Belini said, but asked if production should return to 2011 levels, he said it's a matter of "wait and see."

Exports continued to climb, reaching $1.38 billion in March. That's a 18% jump from February and a 17% advance from March 2011. So far this year exports are up 13%, to $3.73 billion, thanks to a mix of more big-ticket items and parts, Belini said.

Fiat SpA (F.MI, FIATY) maintained its market leadership, selling 51,109 passenger vehicles in March. Volkswagen AG (VOW.XE, VLKAY) was second, selling 49,224 vehicles. General Motors (GM, GMM.U.T) sold 36,835 units last month, while Ford Motor Co. (>> Ford Motor Company) sold 22,328.

-By Paulo Winterstein, Dow Jones Newswires; 55-11-8812-5961; [email protected]

(MORE TO FOLLOW) Dow Jones Newswires

04-05-12 1315ET

Stocks mentioned in the article : Ford Motor Company
Stocks mentioned in the article
ChangeLast1st jan.
FIAT SPA 1.22% 7.025 End-of-day quote.18.17%
FORD MOTOR COMPANY -1.88% 11.01 Delayed Quote.-10.73%
GENERAL MOTORS CORPORATION -2.71% 37.01 Delayed Quote.-7.44%
VOLKSWAGEN -1.59% 159.54 Delayed Quote.-2.60%
share with twitter share with LinkedIn share with facebook
share via e-mail
07:10aRelationship goals - Ford tries to rebuild trust with China partners
05:02aIT’S YOUR TIME : New Ready.Shop.Go.™ Online Car-Shopping Puts Custom..
03/17FORD MOTOR : The Southern Nevada Ford Stores Partner with the Veteran Tickets Fo..
03/16FORD MOTOR : Tulsamerican pilot finally coming home after remains found at subme..
03/16FORD MOTOR : Readies North America's Freshest Lineup by 2020 with Onslaught of C..
03/16FORD MOTOR : says steering wheel can deteach
03/16FORD MOTOR : handy list of maintenance basics for car owners
03/15FORD MOTOR : will speed shift to SUVs to boost profit, shares
03/15FORD MOTOR : Lightning Systems Rolls Out New All-Electric Ford Transit on Schedu..
03/15FORD MOTOR : Readies North America’s Freshest Lineup by 2020 with Onslaugh..
More news
News from SeekingAlpha
03/17STOCKS TO WATCH : Wake-Up Call For The IPO Market 
03/16S&P 500 'Safer' Dividend Gains Led By General Motors, Qualcom, & Invesco For .. 
03/16Ford Is Coming Out Of The Shadows 
03/16Qualcomm Rumors, Quadruple Witching, And Questions For Russia (Wall Street Br.. 
03/16WALL STREET BREAKFAST : Divining The Quad Witching Session 
Financials ($)
Sales 2018 148 B
EBIT 2018 6 214 M
Net income 2018 6 306 M
Finance 2018 9 506 M
Yield 2018 5,96%
P/E ratio 2018 7,05
P/E ratio 2019 7,24
EV / Sales 2018 0,24x
EV / Sales 2019 0,24x
Capitalization 44 303 M
Duration : Period :
Ford Motor Company Technical Analysis Chart | F | US3453708600 | 4-Traders
Technical analysis trends FORD MOTOR COMPANY
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 23
Average target price 12,4 $
Spread / Average Target 11%
EPS Revisions
James P. Hackett President, Chief Executive Officer & Director
William Clay Ford Executive Chairman
Robert L. Shanks Chief Financial Officer & Executive Vice President
Jeff Lemmer Vice President & COO-Information Technology
Ken Washington VP- Research & Advanced Engineering & CTO
Sector and Competitors
1st jan.Capitalization (M$)
TOYOTA MOTOR CORP-5.70%211 799
VOLKSWAGEN-2.60%100 662
DAIMLER-2.30%89 688
HONDA MOTOR CO LTD-6.29%62 820