Auto industry’s Halloween Scare – General Motors (NYSE:GM) and Other Companies in Focus

The auto industry is expected to go through a setback, as it’s being forecasted by the analysts that the unveiling of October sales, this Monday will bring bad news for some of the major auto companies. The seasonally adjusted annual rate of sales is expected to turn out at 16.3 million, owing the raise to fast selling of new cars and a new trend of light trucks. The gain will be 3.1% over September sales, and 6.4% year-to-year for October.

Fiat Chrysler Automobiles NV (BIT:F) will be the forerunner in terms of profit making in the market. The company is expected to make 22% more over a year to year basis. Fiat Chrysler Automobiles NV (BIT:F) will see a 1.7% raise in share price too. However, the overall share price for the month is almost 0.4% less than September. It is expected that the company will make sales on 167,000 units, which is more than the 140,000 units sold in September. Another estimate made by the analysts predicts that the company will hit 171,000 units.

General Motors (NYSE:GM) is expected to retain its market dominance. The share price, according to analysts, will lead the market by 18%, which is same as September. General Motors (NYSE:GM) is expected to make sales of 231,000 units; another estimate claims 236,000 units sold.

Ford Motor Company (NYSE:F) is expected to hit remarkable lows on year to year sales made last month. This year’s estimate for unit sales is expected to stand at 185,000, as compared to 191,000 units sold last year. Ford Motor Company (NYSE:F) is betting it all on its F-150, pickup which will be distributed to dealers at the end of this year. Ford Motor Company (NYSE:F) will start at an imminent market drop of almost 1.4%.

Toyota Motor Corp (ADR) (NYSE:TM) is expected to have a steady float, as it posts its sales report this Monday. According to a forecast, the company will post 179,000 units sales for October, and the market share will remain on an even keel of 14%, right behind two mega companies; General Motors (NYSE:GM) and Ford Motor Company (NYSE:F).

Nissan Motor Co Ltd (OTCMKTS:NSANY) is expected to post 1o1 to 102,000 units sales for October. The automaker’s Rogue SUV has generated remarkable profits for the company, and it’s expected to post a growth of 13.6% on a year to year basis. Rogue SUV is making double of what Nissan Motor Co Ltd (ADR) (OTCMKTS:NSANY)’s other segments generate.

Hyundai/Kia will post modest sales, of 97,000 units. The company’s market share will be 7.6% this year, as compared to last year’s 7.7%)

Volkswagen AG (ETR:VOW3), a major player in the auto market, is also expected to go under the axe in terms of profit figures. The company is expected to make even lesser than September’s 41,000 unit sales.

The auto market is sailing on turbulent waters. It may seem reasonably steady at the moment, the lower sales and declining market share price could also affect companies that are doing fairly well.