Auto Heavyweights Dominate a Busy Earnings Week

Ferrari, Honda, Renault and Polestar all report this week. Cars are the story. ORTEX alt data adds sharp context to each print.

Ferrari kicks things off on Tuesday. Austrian car registrations lead its revenue by 22 days and are running 75% below the same quarter last year. That is a weak-fit signal, but the direction is hard to ignore.

Honda Motor reports Thursday. Japanese car registrations, a strong-fit leading indicator for its revenue with a 65-day lead, are running 10% below the year-ago quarter. Not a collapse, but a headwind.

Renault also reports Thursday. Dutch car data, a moderate-fit lead on its revenue, is running 19% lower year-on-year. Austrian registrations, by contrast, point to a 6% gain. A split picture.

Polestar reports the same day. Dutch cars, a strong-fit 60-day lead, point 37% lower. German cars, also a strong fit, point 32% higher. The two signals pull in opposite directions.

India auto export volumes fell 63% year-on-year in October, according to ORTEX alt data. That is the backdrop for Mahindra & Mahindra on Wednesday. Indian car registrations, a moderate-fit lead, are running 82% below the year-ago quarter after one of three months.

No major IPOs price this week. The focus stays squarely on the earnings slate.