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Ford's US Sales Jump 8% in Q3: What's Powering Its Growth?
ZACKS· 2025-10-03 14:31
Core Insights - Ford Motor Company reported a total of 545,522 vehicle sales in the U.S. for Q3 2025, reflecting an 8.2% increase year over year, marking seven consecutive months of sales growth [1][9] - Sales of electrified vehicles reached 85,789 units, up 19.8% year over year, accounting for 15.7% of total sales, with a year-to-date total of 242,298 units, up 16.5% [1][9] - The Mustang Mach-E and F-150 Lightning achieved record sales, with Mach-E sales up 50.7% to 20,177 units and F-150 Lightning sales up 39.7% to 10,005 units [2] Vehicle Sales Performance - Pickup and van sales totaled 313,654 units, an increase of 7.4% from the previous year [1] - Expedition sales surged 47.4% to 21,844 units, marking its best third quarter in 20 years, while the Navigator and Bronco also saw significant increases [3] - The Explorer, recognized as America's best-selling three-row SUV, experienced a 33.3% increase in sales to 55,000 units [3] Software and Services Growth - Ford Pro Intelligence software subscriptions rose approximately 30% year over year, with 815,000 active subscribers [4] - The BlueCruise hands-free driving feature surpassed 7 million hours of use, with a recent update adding new functionalities [4] Future Product Launches - Ford plans to begin shipping the Explorer Tremor and F-150 Lobo in Q4 2025, expanding its performance vehicle lineup [5] Competitive Landscape - General Motors reported U.S. sales of 710,347 units in Q3 2025, up 8% year over year, with EV sales reaching 66,501 units [6] - Stellantis sold 324,825 vehicles in Q3 2025, marking a 6% increase year over year, ending a streak of declining sales [7] Valuation and Estimates - Ford's shares have outperformed the Zacks Automotive-Domestic industry, gaining 23.4% year to date compared to the industry's 12.3% [8] - The company appears undervalued with a forward sales multiple of 0.30, significantly lower than the industry's 3.45 [11] - The Zacks Consensus Estimate for Ford's EPS for 2025 and 2026 has increased by 2 cents and 3 cents, respectively, over the past 60 days [12]
Toyota Motor North America Reports September, Third Quarter 2025 U.S. Sales Results
Prnewswire· 2025-10-01 17:00
Continue Reading Toyota Motor North America Reports September, Third Quarter 2025 U.S. Sales Results For the third quarter, TMNA reported sales of 629,137 vehicles, up 15.9 percent on a volume basis and up 14.4 percent on a DSR basis versus the third quarter of 2024. Sales of electrified vehicles for the third quarter totaled 282,794 up 10.5 percent on a volume basis and up 9.1 percent on a DSR basis representing 44.9 percent of total sales volume. Toyota division posted September sales of 158,959 vehicle ...
Katrin Adt appointed DACIA brand CEO
Globenewswire· 2025-09-01 08:00
Core Insights - Katrin Adt has been appointed as the new CEO of the Dacia brand, succeeding Denis Le Vot, effective September 1, 2025 [2][3] - Adt brings nearly 26 years of experience in the automotive industry, having held various senior positions at Daimler and Mercedes-Benz, including CEO of Mercedes-Benz in Luxembourg and CEO of the Smart brand [6] - The Dacia brand is recognized for its affordable mobility solutions and is currently expanding with the launch of its new C-segment SUV, BIGSTER [5][12] Company Leadership - François Provost, CEO of Renault Group, expressed gratitude to Denis Le Vot for his contributions and welcomed Katrin Adt, highlighting her experience as a key asset for Dacia [3] - Fabrice Cambolive, Chief Growth Officer of Renault Group, emphasized Adt's expertise in business development and the importance of electrifying Dacia's product range [4] Brand Positioning and Strategy - Dacia is positioned as a specialist brand for affordable mobility, aiming to establish itself as a benchmark in electrified vehicles [4][12] - The brand has seen significant success, with models like Sandero and Duster becoming best-sellers in their respective categories in Europe [12] - Adt aims to continue Dacia's momentum and address the challenges of electrification while maintaining the brand's commitment to accessible mobility [7]
Three
Prnewswire· 2025-05-21 01:00
Core Insights - Toyota Motor North America has unveiled the all-new 2026 RAV4, marking the sixth generation of America's best-selling compact SUV, which will be available in three distinct designs: Core, Rugged, and Sport [1][6][8] - The 2026 RAV4 will feature a fully electrified lineup, offering both Hybrid Electric Vehicle (HEV) and Plug-in Hybrid Electric Vehicle (PHEV) powertrains, with the introduction of the first-ever RAV4 GR SPORT model [1][6][7] Design and Features - The Core design includes a modern aesthetic with a paint-matched grille and various wheel sizes ranging from 17 to 20 inches, available in well-equipped grades such as LE, XLE, and Limited [2][6] - The Rugged design is exemplified by the Woodland model, which features an adventurous look with raised roof rails, standard All-Terrain tires, and a higher ride height, available in both HEV and PHEV configurations [3][6] - The Sport designs, particularly the RAV4 GR SPORT, emphasize performance with a GR-tuned suspension, enhanced body rigidity, and exclusive PHEV powertrain options [4][6] Powertrain and Performance - The new PHEV models will feature a high-capacity drive battery and a newly developed Plug-in Hybrid System, achieving up to 320 combined system net horsepower, an increase of 18 hp over the previous generation [5][7] - The HEV system has been upgraded to deliver 236 combined system net horsepower on AWD models, a 23 hp improvement over the previous generation [5][6] Technology and Safety - The 2026 RAV4 will introduce the Arene software development platform, enhancing safety, security, and connectivity features, including the latest version of the Toyota Audio Multimedia system [20][21][23] - The new Toyota Safety Sense 4.0 system will debut with the 2026 RAV4, featuring improved hardware and detection capabilities [23] Interior and Comfort - The interior design focuses on functionality and user-friendly technology, featuring a new 10.5-inch or optional 12.9-inch touchscreen and a standard 12.3-inch digital gauge cluster [15][16] - Various seating options and interior colors will be available, with the Woodland grade offering unique outdoor-inspired touches [18][19] Availability and Pricing - The 2026 RAV4 models are expected to arrive at Toyota dealerships across the U.S. later in the year, with pricing details to be announced closer to the on-sale date [8]
Toyota Motor North America Reports March, First Quarter 2025 U.S. Sales Results
Prnewswire· 2025-04-01 15:35
First quarter electrified Toyota and Lexus sales make up more than 50 percent of total sales volume Lexus Division records its best-ever first quarter sales result 32 electrified vehicle options available, the most among any automaker with more in showrooms throughout 2025 PLANO, Texas, April 1, 2025 /PRNewswire/ -- Toyota Motor North America (TMNA) today reported March 2025 U.S. sales of 231,335 vehicles, up 7.7 percent on a volume basis and up 11.8 percent on a daily selling rate (DSR) basis versus March ...
Worthington Steel(WS) - 2025 Q3 - Earnings Call Transcript
2025-03-20 12:30
Financial Data and Key Metrics Changes - Adjusted EBITDA for the third quarter was $41.9 million, down from $82.8 million in the prior year quarter [5] - Earnings per share decreased to $0.27 from $0.98 in the same period last year, impacted by lower volumes and average selling prices [6][21] - Net sales were $687 million, a decrease of $118 million or 15% from the prior year quarter, primarily due to lower direct volumes and market pricing [24] Business Line Data and Key Metrics Changes - Shipments to the automotive market were down 3% year over year, with production cuts at a major OEM affecting results [7][25] - Construction market shipments decreased by 20% year over year, attributed to economic uncertainty and a prior year pivot towards construction due to an automotive strike [29] - Heavy truck market demand remains slow, but signs of improvement are noted, with expectations for GDP-type growth for the remainder of 2025 [9] Market Data and Key Metrics Changes - The North American automotive market is forecasted to produce approximately 15.3 million units in 2025, showing flat builds year over year [7] - The construction market is expected to gain momentum in the second half of 2025, benefiting from anticipated interest rate cuts [8] - The agriculture market is expected to remain soft due to interest rates, commodity prices, and tariffs affecting purchasing decisions [9] Company Strategy and Development Direction - The company remains focused on investments in the electrical steel market, anticipating a 6% annual growth in power demand over the next 15 years [10][11] - Strategic capital expenditures and acquisitions are ongoing, with expansions in electrical steel capabilities in Canada and Mexico [13] - The company is pursuing a transformation strategy aimed at improving operational efficiency and reducing costs [14][15] Management's Comments on Operating Environment and Future Outlook - Management expresses cautious optimism about the near term, with expectations for improved clarity in the second half of 2025 [18] - The company is closely monitoring macroeconomic conditions, including inflation and interest rates, which could impact demand [47] - Management believes they are well-positioned for growth, with a strong focus on safety, quality, and customer service [19] Other Important Information - The company reported cash flow from operations of $54 million and free cash flow of $25 million for the quarter [31] - A quarterly dividend of $0.16 per share was announced, payable on June 27, 2025 [32] - The company is exploring AI integration into its operating model and expanding its advanced analytics portfolio [18] Q&A Session Summary Question: Impact of tariff policy - Management anticipates minimal impact on business from tariff policies, with localized strategies in place to mitigate risks [37][40] Question: TWB performance and charges - Special charges related to TWB included a write-off of R&D and early retirement program costs, impacting quarterly results [42][44] Question: Normalization of underlying EBITDA - Management indicates uncertainty in demand makes it difficult to predict when underlying EBITDA will normalize, but they are cautiously optimistic for the end of the calendar year [46][48] Question: Construction market share efforts - Management acknowledges a tough comparison in construction volumes but is actively pursuing opportunities to regain market share [61] Question: New automotive customer awards - The company has gained share in the automotive market, with expectations for increased volume and margin impact from new programs over the coming months [63][65]