Report
David Whiston, CFA, CPA, CFE
EUR 101.80 For Business Accounts Only

GM Ends 2017 With Good Retail Channel Growth, Industry's Growth Streak Ends at Seven Years

Automakers closed out 2017 U.S. auto sales with December numbers reported Jan. 3. December light-vehicle sales declined by 5% year over year, but we calculate a 1.3% decline adjusting for one less selling day than December 2016. Crossovers continue to do well at the expense of sedans and we expect that trend to continue in 2018. Premium brands such as Lexus, Cadillac, and Lincoln all had a weak month. Ford believes consumers are valuing function over brand cachet and buying expensive SUV models ...
Underlying
AK Steel Holding Corporation

AK Steel Holding is a producer of flat-rolled carbon, stainless and electrical steels products primarily for the automotive, infrastructure and manufacturing, and distributors and converters markets through its wholly-owned subsidiary, AK Steel Corporation. The company's other subsidiaries also provide customer solutions with carbon and stainless steel tubing products, solutions, tool design, hot- and cold-stamped steel components and assemblies. The company sells its carbon steel products mainly to customers in North America, and it sells its electrical and stainless steel products primarily in North America and Europe. The company also produces metallurgical coal through its AK Coal Resources, Inc. subsidiary.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
David Whiston, CFA, CPA, CFE

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