Automobile Sales Expected to Rise Following GM and Ford’s Positive Profit Forecasts

Automobile Sales Expected to Rise Following GM and Ford’s Positive Profit Forecasts

U.S. auto sales are expected to recover further in the first quarter of 2024 thanks to improving new vehicle inventories, robust fleet sales and an unusually warm March.


Car manufacturers, including General engines (General manager) And Toyota engine (TM), are expected to release their first quarter sales on Tuesday.

On March 26, top GM executives and Ford engine (F) gave an optimistic outlook for auto sales and profits. But sales of electric vehicles are well below industry expectations, Ford said.

Auto sales to increase in first quarter

Tuesday, Stellar (STLA) And Honda (CMH) are also expected to report their first quarter sales. You’re here (TSLA) And Rivien (RIVN) will also release electric vehicle deliveries in the first quarter. Ford will likely report on Wednesday.

During the first quarter, the annualized pace of new vehicle sales in the United States is expected to reach 15.4 million, an increase of 2.7% from last year’s quarter, according to Cox Automotive.

Industry observers expect GM to post the largest sales volume in the first quarter and Toyota to achieve the strongest sales growth in the first quarter. Tesla is heading towards a probable failure of delivery in the first quarter and perhaps a drop compared to a year earlier.

Here’s how Cox Auto analysts expect automakers to perform. The estimates show first quarter sales volume, as well as sales growth or decline compared to the first quarter of 2023.

General engines

Estimated first quarter sales: 594,442 vehicles, down 0.1% year-on-year.

Results: Come back Tuesday.

In January, GM announced it would bring plug-in hybrid vehicles back to its domestic market. Both GM and Ford have made a big pivot from combustion vehicles to electric vehicles. They are now moving towards faster-selling hybrids, where Toyota and Honda dominate.

GM action xx Monday market share. Cleared shares buy points of 41.04, 41.80 and 43.63 last month, reaching a two-year high.

Toyota engine

Estimated first quarter sales: 570,499 vehicles, up 21.5% year-on-year.

Results: Come back Tuesday.

Toyota Motor stock soared 37% in 2024, reaching a record high.


Estimated first quarter sales: 509,352 vehicles, up 7.9% year-on-year.

Results: Come back later.

On March 26, Ford management reaffirmed its base annual profit forecast of between $10 billion and $12 billion. Ford again said hybrids would be essential as electric vehicles slow down. The company previously said it was shifting its investments from electric vehicles to hybrid vehicles.

Ford shares have rebounded from the 50-day and 200-day lines over the past two weeks. Shares operate on a 15.42 cup basis. On March 28, Ford stock broke through a resistance zone at 1:07 p.m. that could be considered too low a handle or a separate flat base in the deep cup.


Estimated first quarter sales: 334,831 vehicles, down 9.1% year-on-year.

Results: Come back Tuesday.

Stellantis stock is up more than 21% in 20024, well after its breakout in early February.


Estimated first quarter sales: 331,219 vehicles, up 16.4% year-on-year.

Results: Come back Tuesday.

Honda stock is slightly extended from a base of 35.18 cups with handle, recently hitting a 10-year high.

Sales of Tesla and Rivian electric vehicles

Cox Auto analysts expect Tesla to deliver 166,734 electric vehicles to the U.S. market, up 3.2% from a year ago and 3.3% from the fourth quarter of 2023. They expect Rivian to deliver 16,608 vehicles, up 109% from a year-plus ago. 18.9% compared to Q4 2023.

However, Tesla will release its global quarterly deliveries. It does not break down sales by country.

Tesla stock fell 29.25% in the first quarter, making it the worst performer in the S&P 500. Stocks largely followed Tesla profit estimates fall.

Rivian stock collapsed 53%, hitting record highs.


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