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U.S. Automakers Driving Bull Market

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  • Description

    FBN's Jeff Flock breaks down auto sales

  • Duration 1:39
  • Date

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So -- that you might think that because of our Bob that would have a chilling effect on auto sales but actually.

Carmakers are making so many more fuel efficient models right now that's not having that impact take a look at that stocks first of all because.

That's what's driving part of what's driving this bull market today -- -- positive auto sales numbers Toyota with a big run up today over 2% that is because.

-- that much better numbers and we thought so -- -- -- but here's a little bearish -- -- news Toyota also doesn't have exposure in Europe.

Take a look at Europe car sales today specifically France which sometimes focus on the US sales we forget that all the rest of the world sells cars to.

Take a look at the impact in the European market.

For example Ford.

January sales in Europe down in new France specifically got 35%.

GM brands down 21% if you just think it was -- Americans not really.

VW down 23% but the positive news.

Is the -- auto sales in the US Toyota was up 26%.

In January Ford up 22%.

GM 16%.

Great great numbers for the US auto makers in a very tough month.

What some people see is a tough month in January but I tell -- things have not slowed down and wants to return where we started back to the stocks.

If you bought -- Stoxx six months ago a lot of people were -- pulling it.

GM is up 43%.

Over the past six months Ford up more than 40% as well and that outstrips even Toyota and Honda.

Auto stocks you should -- bought a doggone it.

And and -- -- showing those number those are some pretty big numbers Jeff passed -- flock out of Chicago that (%expletive) baking hot light can.

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