Toyota Deals the Final Blow to GM and Ford with New Engine...

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We can assume you are not a math major, right? LOL
Total 2005 US sales approximately 16,600,000
GM 26% 4,316,000 Ford 18% 2,988,000
Chrysler 13% 2,158,000 Toyota 11% 1,826,000
Both GM and Ford sold more light trucks alone than Lexus, Toyota and Scion sold cars and light trucks combined
mike hunt

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CHICAGO (AFP) - Asian automakers continued to eat away at the US market share of the top American car companies even as the Big Three's US sales rose overall in January, according to sales figures.
Struggling Ford Motor Company and General Motors Corp posted their first monthly sales gains since they ended popular employee discount programs in August.
But they were unable to reverse a downward trend in market share that contributed to massive financial losses and plans to layoff a combined 60,000 workers in the next two years.
DaimlerChrysler also posted its first monthly sales increase since September, although it is in better shape after having managed to increase its market share in 2005 to 19.2 percent from 18.6 percent in 2004.
The Big Three domestic automakers saw their overall market share fall to 55.7 percent of the massive US market from 57.3 percent in January 2005, according to Autodata.
Asian brands saw market share increase to 37.5 percent from 36.3 percent a year ago.
European brands saw moderate growth, gaining 6.8 percent of the market in January compared with 6.5 percent a year ago.
Overall sales rose 7.6 percent to a seasonally adjusted annual rate of 17.64 million units compared with 16.34 million units last January, according to Autodata.
"January auto sales were clearly much better than expected," said Stephen Stanley, chief economist at RBS Greenwich Capital. "We are on a pace to see a month-to-month increase in the seasonally adjusted sales pace, perhaps to around 17.7 million units or so."
Analysts polled by Thomson First Call had expected a seasonally adjusted annual sales rate, on average, of 16.5 million vehicles. Wall Street had previously forecast a sales decline at all three of the major domestic manufacturers.
January's sales gains among domestic automakers were largely a result of fleet sales to bulk buyers like rental car agencies and the government, which do not pay as much as retail customers.
Ford estimated that the sales increase of about 65,000 vehicles for all automakers in January was comprised of about 55,000 vehicles sold to fleet buyers.
GM said its retail sales dropped seven percent in January but it was able to post a six percent increase overall due to fleet sales which accounted for 30 percent of the vehicles it sold.
GM said Wednesday it hoped to see an improvement in sales in the second quarter of this year with the introduction of a new line of sport-utility vehicles.
Those hopes were bolstered with the strong welcome the new Chevy Tahoe received: sales rose 53 percent to 13,093 vehicles in January.
"We had solid results in January and showed some very encouraging pockets of strength," Mark LaNeve, General Motors North America vice president of vehicle sales, service and marketing, said in a statement.
Total GM sales reached 296,003 vehicles with car sales up 14.6 percent to 134,467 and truck sales down 0.5 percent to 161,536 compared with January 2005.
But a senior executive at Ford said the bet GM is placing on large SUVs is risky as he expects sales of full-sized SUVs -- which fell 19 percent last year -- to continue to decline to an end-decade level of 650,000 to 700,000 units sold per year, compared to 800,000 in 2005.
"We're down to the core SUV buyer who needs the capabilities of that product," George Pippas, Ford's sales analysis manager, said in a conference call. "The rate at which it declines probably has most to do with gas prices."
Ford's sales rose two percent to 205,671 vehicles in January as better-than-expected car sales offset sales losses of SUVs.
DaimlerChrysler meanwhile saw a five-percent increase in January with total US sales reaching 167,934 compared with 160,212 in January 2005.
Of the Asian brands, American Honda Motor Company posted the strongest gains, with sales up 20.7 percent to 98,394 vehicles.
Toyota Motor Sales USA reported its best-ever January sales, up 14 percent to 160,625 vehicles.
Korean automaker Hyundai Motor America saw sales climb 16.1 percent to 30,208 vehicles.
Nissan North America was the only Asian automaker to post a loss, with January sales down 0.9 percent to 75,891 vehicles.
http://au.biz.yahoo.com/060202/33/ii38.html
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I think it is interesting that Ford is struggling, yet made 2 Billion Dollars last year.
Ed

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Ford is in better financial shape than GM, I guess, but they're shrinking like crazy. Check out total sales figures for Ford from, say, 1999 until now.
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I don't do home work for my own grand children what make you think I'll do yours? Do your own search ;)
mike hunt

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Do a search so you have some idea of what you are talking about then maybe we can talk ;)
mike hunt

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DH wrote:

Mike Hunt does this sort of thing frequently. Not long ago he did post the source for "information" about Hyundai automotive's financials, only he got it completely wrong and referenced the Hyundai company which does shipping and natural resources.
He has a habit of only seeing what he wants to see and can be safely ignored.
John
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Once again you are not correct, I did not post Hyundai as a source for anything. I do not post sources frequently or ever, do you own home work. At most I may suggest one search a specific site, like the Congressional Record, the NHTSA or Automotive News but never a link. Do you own search and you will find the exact information I found as the basis for what I post.
mike hunt

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Mike Hunter wrote:

And that is all you need to know about "Mike Hunter" and his credibility.
nate
--
replace "fly" with "com" to reply.
http://home.comcast.net/~njnagel
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I've noticed that. I suspect he's a retired GM manager, who is still seeing the car business through dark glasses.
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Mike Hunter wrote:

this is true, I majored in engineering. And I meant to say "third" not "second."

In Jan '06 and for model YTD '06 Toyota is outselling Chrysler/Jeep. Ford is just barely ahead. Also if you look at
http://www.morgancom.com/automotivenews.htm
you will see that that is unlikely to change. It would be funny if it weren't so sad. It is especially sad that the foreign subsidiaries of Ford and GM make so much better products than we get here in their home market.
nate
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So why don't you include Jaguar, Land Rover, Volvo, and Mazda in with Ford? This moves the Ford group up to around 18.5% of the US market. Seems only fair since the Toyota group includes vehicle built in various locations, including some built under contract and by partially owned subsidiaries. Ditto for GM and DiamlerChryler. Seems unfair to tout Toyota's success while ignoring the fact that the "big three" are really worldwide companies that build and sell cars around the world.
Ed

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Three reasons...
1) those vehicles are not designed in the US for the most part
2) the first set of stats that I found were broken down by brand and solely concerned the US market, which is what we were discussing
3) they are, for the most part, significantly better than the US-designed and branded vehicles from those companies, which was part of the point that I was trying to make :)
nate
C. E. White wrote:

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