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Ford Motor Co. (NYSE:F), J. C. Penney Company, Inc. (NYSE:JCP)

Ford Motor Co. (NYSE:F), J. C. Penney Company, Inc. (NYSE:JCP)

Ford Motor Co. (NYSE:F), J. C. Penney Company, Inc. (NYSE:JCP)

The number of shares now held by investors is 1.5 Billion.

Forecaster Edmunds.com predicted auto sales rising 2 percent year-over-year in March to 1,609,846 vehicles. Novocure stock climbed three dollars, or 37 percent, to 11.10 dollars.

"Our high-series Super Duty trucks and all-new F-150 Raptor drove double digit F-Series sales gains in March, along with the strongest year-over-year increase in transaction prices of any truck manufacturer in the industry."
"But there are several areas of concern this year lurking just below the surface".

LaNeve said Ford has cut back on production of cars and has boosted production of SUVs, which has helped the automaker cut its inventory of cars by 50,000 compared with past year. "We're also seeing an increase in loan terms and indications of a rise in subprime lending, which demonstrate sales aren't coming as easily as they used to".

Carmakers sold 187,540 vehicles last month, a 7.1 percent increase over the same period a year ago, which at the time was the best March since 1988, according to industry data from Desrosiers Automotive Consultants.

The broad-based S&P 500 dropped 0.2 per cent to 2,358.84, while the tech-rich Nasdaq Composite Index fell 0.3 per cent to 5,894.68. The Rogue small SUV set a March sales record of almost 40,000 vehicles, 43 per cent increase. However, spending as a percentage of average transaction prices declined from approx 14.9% to about 13.5%.

Industry analysts expected March sales industrywide to be higher compared to the same month a year ago, marking the first time this year auto sales will grow.

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Hottest March day in seven years
The humidity level oscillated between 65 to 21 per cent. "Sky would remain partially cloudy with no chance for the rainfall". This season has witnessed unusually hot mornings with minimum temperatures crossing the 20-degree mark over the last week.

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Japan's benchmark Nikkei 225 added 0.4% and the Kospi in South Korea rose 0.3%. Ford's shares sank 3% following a weak sales report for March. At Buick, the automaker said crossovers are expected to account for more than 75% of retail deliveries in 2017, up from 66% in 2016.

The news also weighed on vehicle retailer stocks. The price to earnings growth is 3.45 and the price to sales ratio is 17.

Passenger auto sales in the month tumbled 24.2% to 57,244 units while fleet sales plunged 17% to 78,510 vehicles and trucks sales rose 2.5% to 102,381 units while Lincoln unit sales slid 1.4% to 9,554 units. LMC says average prices rose to $31,074, beating the previous March high of $31,049 set a year ago.

The Dearborn-based automaker did report 10 percent growth for sales of its F-Series in March, though sales for all other Ford trucks fell by at least 17 percent. Impala and Malibu sales dropped by 23 percent and 36 percent, respectively. Ford Motor Co., however, reported sales of 234,895, a plunge of 7.2% as a decline in fleet and passenger-car sales more than offset truck deliveries. General Motors Company (NYSE:GM) has a market capitalization of $52.89B and most recently 1.50B outstanding shares have been calculated. Vehicle sales were off 8.7 percent, while truck and SUV sales rose 8.4 percent. Evercore maintained the shares of PSXP in report on Thursday, September 3 with "Buy" rating.

Shares of GM and Ford are now both lower for the year, while Tesla's stock has soared more than 35%.

General Motors Company (NYSE:GM) last released its quarterly earnings results on Tuesday, February 7th. Investors of record on Friday, March 10th were given a dividend of $0.38 per share. Glg Limited Liability holds 0.19% of its portfolio in General Motors Company (NYSE:GM) for 78,597 shares. Glaxis Capital Mgmt Limited holds 1.95% of its portfolio in General Motors Company (NYSE:GM) for 20,000 shares.

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