Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By silveristhenew (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Ford Warns “Used Car Prices Will Drop for Years”

% of readers think this story is Fact. Add your two cents.


Earlier this morning we noted Ford’s “CFO Let’s Chat” meeting with analysts before which Ford announced weak 1Q adj. EPS guidance of 30c-35c, coming in well below analyst estimates of 47c, which they blamed on higher costs, lower volume & unfavorable exchange rates. 

With the call now concluded, here are a couple of the key takeaways:

First, the bad…

  • Volumes will start to fall off this year, next year
  • Used car prices will drop for several years
  • European profit will fall this year
  • China sales down sharply in 1Q
  • India more difficult than expected
  • All options on table including traditional restructuring

…and the good-ish…

  • Favorable market factors offsetting higher commodity prices
  • Inventory levels “in very good shape”
  • Sedans play diminishing role in U.S. business; SUVs, trucks make up 73% of U.S. business
  • Not seeing anything to suggest economy will “tip over”

And while Ford is confident they’re not seeing “anything to suggest the economy will ‘tip over’” (which is good, right?), their own presentation slides would seem to paint a slightly different picture.

First, on Q1 2017 earnings by region, South America is expected to be flat…so that’s at least not negative, which is nice…

And while Ford pointed to their gross inventory days as a sign that the industry does not have an inventory problem, they snuck in at the very bottom of slide 9 the fact that overall industry inventory was up 13 days in February vs. last year…

…and industry incentive spending paints pretty much the same picture…

And for those of you holding out hope that current volumes aren’t simply the result of a massive auto loan bubble, we present to you some details behind Ford Motor Credit’s “consistent and predictable” U.S. loan portfolio.  To summarize, loan terms up, lease mix up, charge offs up massively…all great news


Source:


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.


LION'S MANE PRODUCT


Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules


Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.



Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.


Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Total 6 comments
    • Alana

      Just sharing a new site i found. Loving it so far. Refreshing actually.

      https://www.conspiracyoutpost.com/

      • Air Quotes Shill Air Quotes

        That site is full of automatic virus downloads, you have been warned!

      • Eggzactly

        Just sharing that I hit your spam button and hopefully everyone else does until You are removed. :razz:

    • raburgeson

      LOL, They killed the market, they helped destroy the middle class, there went their customers. They are charging more for a car than I would pay for a house. They drove used car prices up and tried to wipe out the used car industry. The older cars had incentives on them to be scrapped. The leasing contracts put the nail in the coffin. The value in the merchandise fell drastically during this period in time. The fisher price toys they have been producing have more plastic in them than anything else. They cheapen everything on the car they can and raise the price. You pay horrible prices for things like twist tie radiator clamps. Got a plastic radiator?

      • Eggzactly

        My neighbor just bought a new truck. We were talking and he said he paid almost $55k for it. I was in shock. He could have bought a Lexus or BMW for that and he didnt even need a truck. His tires will never meet mud. :wink:

    • Redlist Renegade

      GREAT and If the dealers want to over price them (like a LOT of them DO) then let ‘em Rot on the Lot !!!

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.