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Automotive News & Views GM News, New Models and Market Share
8270 messages, Last post on Nov 23, 2009 at 5:01 PM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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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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Replying to: circlew (Dec 31, 2008 1:22 pm) It also shows that there has been a steady decline in car sales in NA since 2000. We are becoming less of a market for anybody making cars. What explains this? Are the quality of cars increasing so fast that new replacements are not needed as fast anymore? Are we becoming a nation of people who can't afford new cars anymore? Are the jobs that support new car buying dissappearing? Is all our new car money funnelled into gas instead? Will the price charged by Asia for new cars rise as they take all the volume and then there is no competition? I do not think that $14.50 an hour for all US autoworkers is a good plan. Mitsubishi put a new plant in W.V. to take a huge chunk of parts business from the UAW. GM managers were promoted for coming up with the cost cuts associated with giving the business to the lower cost Asian supplier. I found the place in W.V. that got the new Mitsu plant. People there are loving the new factory. It's an hour from the nearest interstate in any direction. Only problem is that a rust belt town is dead as a result.
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