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Automotive News & Views GM News, New Models and Market Share
8546 messages, Last post on Dec 01, 2009 at 8:19 PM
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Replying to: imidazol97 (Dec 31, 2008 7:06 am) Delaying the coupe is one thing. I'm far more concerned with the delay of the Cruze. GM isn't going to rise or fall much on the CTS coupe but it they can't put out small competitive cars and make a profit on them that's a serious problem. The Cruze is a key to that.
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Replying to: imidazol97 (Dec 31, 2008 7:06 am) Cadillac is not holding down GM as I see it. Making changes to your more successful brand to save the failing brands like Saturn, Saab and Pontiac does. It reaks of Oldsmobile all over again. |
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GMAC eases burden with $21.2 billion debt swap NEW YORK (Reuters) -- GMAC, the General Motors financing affiliate that received a $6 billion infusion from the government, completed a multibillion dollar debt swap today designed to bolster its capital. The lender said holders of $21.2 billion of debt will swap their stakes for $15.7 billion of new securities plus cash. Looks like GMAC is putting its' cash to work. Sales at GM looking better for December and that is only with a few days of easier/available lending. |
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As I have said in the past Edmunds is NOT a good place for forecast data but here is what they say. Amazing to see Toyota/Honda at ~40%. "We thought the bottom was October. Then we thought it was November. It seemed like maybe it's December, but we're not so sure anymore," said Jesse Toprak, Edmunds.com's executive director of industry analysis. Many analysts are not publishing forecasts until later this week. But Edmunds.com and J.D. Power forecast sales decreases of between 37 and 38.4 percent. The declines would be the industry's 18th in the past 19 months. Edmunds.com predicts Chrysler will see the largest decline in December unit sales: 45.6 percent from December 2007. Nissan North America will follow with a 42.1 percent decline. General Motors will lose 39.3 percent, Toyota Motor 38.8 percent, American Honda Motor Co. 37.7 percent and Ford Motor Co. 33.8 percent. All automakers will see adjusted sales increases from November, Edmunds.com said, with light trucks outselling cars for the first time in nine months. GM is also forecasting a better December than November, said Mark LaNeve, GM's North American vice president of sales, service and marketing. "Our share performance looks good," LaNeve said yesterday in a conference call with reporters. Edmunds.com has predicted a 22.8 percent market share for GM, up from 20.6 percent in November. |
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Looks like 08 will turn out to be about 13 million units The auto market will not improve until the second half of 2009, Toprak said. Edmunds.com forecasts 2009 auto sales will decline at least 5 percent from 2008 and finish at less than 12.5 million units. "There's a higher chance for an upside than a downside for the 12 million number," Toprak said. But "for any stabilization in the auto industry to be seen, we've got to see stability in the economy in general." The annual selling rate must increase from its artificially low level, Toprak said, since the United States scraps 12.5 million cars annually after accidents and malfunctions.
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Replying to: imidazol97 (Dec 31, 2008 7:06 am) Have I got the drill down now? Criticize no matter which they do... GM has earned it. Several of us think that they couldn't make the right turn on a road with no lefts. |
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Here is a good breakdown by vehicle type regarding market share.  As one can see, GM lost the most as a single entity and the D3 lost a lot of ground to the Asians...no surprise. Here is a good graph that outlines the trend.  Best Regards and Happy New Year to All! OW
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Replying to: 62vetteefp (Dec 31, 2008 11:31 am) Eventually, but there are about 40+ million lightly-used vehicles out there which need to be used up more before new vehicles become attractive again. |
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Replying to: fezo (Dec 31, 2008 7:19 am) |
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Replying to: 62vetteefp (Dec 30, 2008 3:52 pm) |
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