Mexico Trade Groups Create Monthly Truck Industry Report

Mexican officials recently launched a monthly trucking industry report aimed at increasing transparency and providing vital data, said Julio Santaella, president of Mexico’s National Institute of Statistics and Geography (INEGI).

The new “Administrative Registry of the Automotive Industry of Heavy Vehicles” will contain monthly data from trucking companies in Mexico, including information such as wholesale and retail sales, import and export figures, as well as monthly production totals.

“This will allow the sharing of information about the production and marketing of new heavy-duty vehicles, adding to the data on passenger vehicles that is already being provided by INEGI,” Santaella said during a videoconference Monday. “It will give a complete overview of the country’s total automotive industry and will support users from the public, private and academic spheres.”

Santaella said the new report is a collaboration among the Mexican government and Mexico’s National Association of Producers of Buses, Trucks and Tractor-trucks

Read More

Industry calls for more free ports as it warns Chancellor he risks leaving coastal towns behind

Container ships passing near Southampton Docks last year - Andrew Matthews /PA
Container ships passing near Southampton Docks last year – Andrew Matthews /PA

The national association for ports has called on the Chancellor to create more than 10 free ports or risk distorting competition and leaving behind some coastal towns in the Government’s “levelling up” agenda.

A 10-week government consultation ends this week on plans to attract ­investment into post-industrial coastal areas by creating zones where goods do not face tariffs or other taxes usually slapped on imports, alongside other ­incentives including research and development tax credits, capital allowances, discounts on stamp duty and business rates, and local relaxations of planning laws.

However, in a letter to Rishi Sunak seen by The Daily Telegraph, Richard Ballantyne, chief executive of the British Ports Association, expressed the group of more than 400 ports’ “serious concern” that the proposals appeared to have “limited aspirations” to establish only up to 10 sites.

“The industry

Read More

Is Group 1 Automotive (GPI) Stock Undervalued Right Now?

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.

Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.

Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system’s “Value” category. Stocks with both “A” grades in the Value category and high Zacks Ranks are among the strongest value stocks on the

Read More

Full-Size Pickup Sales Help Keep U.S. Auto Industry Afloat

From Road & Track

Welcome to The Grid, R&T’s quick roundup of the auto industry and motorsports news you should know this morning.

Full-Size Pickup Sales Help Keep U.S. Auto Industry Afloat

The COVID-19 pandemic had a huge negative effect on U.S. auto sales in the second quarter, but full-size pickups continue to move. Automotive Newsreports that while U.S. new vehicle sales decreased by a third last quarter, full-size pickups became the most popular segment in the country, beating out compact crossovers. “Even when the vehicle market goes completely sideways, the truck market stays straight and true,” Karl Brauer, Kelly Blue Book Executive Editor told Automotive News. Mid-size pickups are doing well, contributing to this amazing statistic—one in every four non-luxury brand U.S. auto sale in Q2 was a pickup of some sort.

Pickup sales were down in Q2, but not down as much as in other

Read More