Q1 fallout

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Q1 numbers out, almost all down. Hope these companies can navigate hard times. Maybe time to buy stock.


Ford Q1 Year on Year sales down 12.5%
GM down 7%
Fiat Chrysler down 10%
Porsche down 20%
Tesla up 36%





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Dkaar

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In my opinion, this is just the beginning. I think it gets worse before it gets better. I hope I am very wrong.
 

mark360

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Tesla is a growing car company, not yet to maturity, so it makes sense they are up. Sales were down on their S/X as those models are slowly dieing. Q2 is going to be much worse for all if this doesn't let up.

Ford is still dealing with problems, however several of their problem child vehicles were up in Q1 such as the explorer, Lincoln brand, and mustang sales.

GM hasn't had execution problems so 7-10% is typical considering Fiat as well. All loss about the same.

Porsche is a luxury car brand, people don't buy Porsche in recessions.

It's honestly quite amazing that these car companies were only down 7-13% considering what is going on. I expected much worse.
 

dbsb3233

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It's honestly quite amazing that these car companies were only down 7-13% considering what is going on. I expected much worse.
It was pretty much just the last 2 weeks of the quarter where things came to a screeching halt. NY, CA, and IL issued their stay-at-home orders on March 20, for instance. 11 days out of 91 is 12% of the quarter, which looks like about the average above.

The real carnage will be the 2Q number. That could be off 80-90%.
 

ChasingCoral

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The new news out of Europe won't help.

Ford extends Europe production pause
Ford%20Cologne2%20web%20BB.jpg

Ford extends Europe production pause
Ford's production restart plans depend on the coronavirus pandemic situation, national restrictions, supplier constraints and the ability of dealerships to operate, the company said.
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europe.autonews.com

Ford Motor extended the temporary suspension of vehicle and engine production at most of its European factories until at least May 4.

"Ford's production restart plans depend heavily on the pandemic situation in the weeks ahead, national restrictions in operation at the time, supplier constraints and the ability of our dealer network to operate," the company said in a statement on Friday.

Ford paused production at its plants in Europe last month, including sites in Cologne and Saarlouis in Germany, the Craiova facility in Romania and Valencia in Spain, along with engine plants in the UK.
 

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