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SVTPerformance's Chain of Restaurants
Road Side Pub
Current New Vehicle Market
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<blockquote data-quote="Weather Man" data-source="post: 16899464" data-attributes="member: 137766"><p><h3><a href="https://seekingalpha.com/news/3954726-automakers-likely-driving-toward-overproduction-ubs?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain" target="_blank">Automakers likely driving toward overproduction - UBS</a></h3><p><a href="https://seekingalpha.com/symbol/TSLA?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain" target="_blank">TSLA -4.02%</a>Apr. 05, 2023 11:46 AM ET<a href="https://seekingalpha.com/news/3954726-automakers-likely-driving-toward-overproduction-ubs?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain#scroll_comments" target="_blank">11 Comments</a></p><p>An analysis by UBS indicates that automakers could be headed for overproduction amid normalizing supply chains, reversing the trends that caused prices to soar in recent years.</p><p>The analysis offered by a team of analysts led by Patrick Hummel pointed to global production reaching 85.8M units in 2023, overshooting the team’s sales forecast of 81M units. As such, inventories are expected to exceed pre-pandemic volumes for the first time as demand slows and production bottlenecks are alleviated.</p><p>“OEMs argue with pent-up demand, but that expectation is not supported by latest macro trends. Given the bullish production schedules, we see high risk of overproduction and growing pricing pressure as a result,” the team told clients. “The price war <a href="https://seekingalpha.com/news/3953661-ev-stocks-are-in-focus-as-investors-weigh-tesla-deliveries-pricing-war-and-opec-actions" target="_blank">has already started unfolding</a> in the EV space, and we expect it to spread into the combustion engine segment in H2.”</p><p>That said, Hummel’s team expects luxury automakers to remain resilient, with Porsche AG</p></blockquote><p></p>
[QUOTE="Weather Man, post: 16899464, member: 137766"] [HEADING=2][URL='https://seekingalpha.com/news/3954726-automakers-likely-driving-toward-overproduction-ubs?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain']Automakers likely driving toward overproduction - UBS[/URL][/HEADING] [URL='https://seekingalpha.com/symbol/TSLA?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain']TSLA -4.02%[/URL]Apr. 05, 2023 11:46 AM ET[URL='https://seekingalpha.com/news/3954726-automakers-likely-driving-toward-overproduction-ubs?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain#scroll_comments']11 Comments[/URL] An analysis by UBS indicates that automakers could be headed for overproduction amid normalizing supply chains, reversing the trends that caused prices to soar in recent years. The analysis offered by a team of analysts led by Patrick Hummel pointed to global production reaching 85.8M units in 2023, overshooting the team’s sales forecast of 81M units. As such, inventories are expected to exceed pre-pandemic volumes for the first time as demand slows and production bottlenecks are alleviated. “OEMs argue with pent-up demand, but that expectation is not supported by latest macro trends. Given the bullish production schedules, we see high risk of overproduction and growing pricing pressure as a result,” the team told clients. “The price war [URL='https://seekingalpha.com/news/3953661-ev-stocks-are-in-focus-as-investors-weigh-tesla-deliveries-pricing-war-and-opec-actions']has already started unfolding[/URL] in the EV space, and we expect it to spread into the combustion engine segment in H2.” That said, Hummel’s team expects luxury automakers to remain resilient, with Porsche AG [/QUOTE]
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