Abstracts » Business, general

Auto & truck industry

Article Abstract:

Low interest and unemployment rates, combined with a good stock market and consumer confidence, made 1998 a good sales year for the automobile and truck industry. However, sales are expected to be lower in 1999 due to price competition and deflation as well as slower US economic growth. The industry is also becoming more global with the merger of Daimler-Benz and Chrysler Corp. Investors need to be selective with these stocks in view of the cyclical nature of the industry and current valuations.

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Auto & truck industry

Article Abstract:

Auto industry stock prices, as of Sep 1999, are about 20% below their July highs. Auto stocks therefore present a good long-term buying opportunity. Their total-return potential through 2003 is good. Auto stocks also offer healthy dividend yields to income-oriented investors. US vehicle sales are expected to total 15.16 million in 1998, reflecting low interest rates and decent personal income and consumer confidence levels.

United States, Motor Vehicles, Automobile and Light Duty Motor Vehicle Manufacturing, Statistical Data Included, Securities, Daimler-Benz AG, Chrysler Corp.

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Auto and truck industry

Article Abstract:

US sales projections for autos and light trucks are being increased due to strong sales during the first quarter of 1999. However, it is believed that future environmental emissions legislation could affect industry profits. Auto stocks are expected to do well in the near term, due in part to low interest rates and strong consumer confidence, which should translate into continued strong sales.

Illustration, TOYOY

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