Futures flat, Toyota sales, SoftBank windfall - what's moving markets
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Deutsche Bank expecting softer auto sales in December
December 29, 2023 10:31 AM ESTDeutsche Bank released their sales preview for the month of December, with analysts suggesting the US light vehicle SAAR may come close to the 15.3-million-unit mark. This projection reflects a slight decrease from November's 15.5 million but significantly surpasses December 2022's figure of 13.6 million. They estimate a YoY increase of approximately 7% in total sales, with retail unit sales rising by 6% and fleet sales experiencing a 15% increase compared to the previous year.
As the sales recovery continues, truck sales have shown a slight YoY increase, reaching... More
Toyota (TM) achieved record sales in November
December 27, 2023 10:11 AM ESTJapanese auto giant, Toyota Motors (NYSE: TM) reported a 12% increase in global sales last month compared to the previous year, totaling 986,262 units and marking the highest November sales report in the companys 86 year history.
In addition to its remarkable sales figures, Toyota achieved a significant milestone in global... More
