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Automotive News & Views GM News, New Models and Market Share
8078 messages, Last post on Nov 11, 2009 at 9:27 PM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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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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Replying to: dave8697 (Dec 31, 2008 6:51 pm) If Michigan and Ohio do not want to lose all their Auto industry they better become "Right to Work" states. No automaker in their right mind would build a factory in a state that the Unions control. Just as uncontrolled capitalism has negatives, so does uncontrolled Unionism. Michigan epitomizes Unions gone crazy. Unions never have and never will generate one penny of revenue for a community. Businesses create jobs, NOT Unions. |
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Replying to: dave8697 (Dec 31, 2008 6:51 pm) A little of what you said, but mostly the US market is simply saturated. Everyone who really wants a car has at least one (not necessarily new) and at this point any new car sales will be de facto replacements for worn-out or wrecked vehicles. |
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Replying to: m4d_cow (Dec 30, 2008 11:19 am) That really worked in the '80's. With the voluntary import quotas the J3 prices went way up and people STILL wanted those cars. People will pay for quality. So the D3 need to work on that, fast. |
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