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GM's U.S. market share dips under 20%

Rick & the Board have things firmly in hand

GM's U.S. market share dips under 20%

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DETROIT -- General Motors' U.S. market share fell below 20 percent for the first time as the impact of $4 gasoline knocked the Detroit 3 into a minority share of the U.S. market in May.

The 44.4 percent share not only was the worst-ever showing for GM, Ford Motor Co. and Chrysler LLC, but it was also less than 2 percentage points ahead of the Japanese brands. Led by Honda, Japanese brands gained 5.7 percentage points to finish May with a 42.5 percent share of light vehicles. The Detroit 3 lost 7.4 points.

Also in May, GM's U.S. market share fell below 20 percent for the first time since the automaker was formed in 1908. Excluding Saab, GM sold

268,892 vehicles, down 27.5 percent from May 2007, for a 19.1 percent market share.

GM's U.S. sales lead over Japanese automaker Toyota Motor Corp. narrowed dramatically as consumers shocked by soaring fuel prices shunned light trucks for small and compact cars.

Overall May sales plunged 10.7 percent to 1.4 million units, yet Toyota still gained more than a point of market share as its volume fell 4.3 percent. Toyota finished at 18.4 percent market share, only 0.7 percentage points behind GM. In units, GM's lead over Toyota fell to

11,488 from 102,033 just a year ago.

May was the fifth month in the past year that the Detroit 3 fell below

50 percent. But May's share loss was the deepest and sharpest yet.

And the sales swing has been dramatic. As recently as 2004, the Detroit

3 controlled 60 percent of the U.S. market.
Reply to
Jim Higgins
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what year grandpa?

Reply to
Gosi

Mikey is terminal GM. GM just now is shuttering 4 plants-that trend of declining truck and SUV sales has been going on for several years and GM (Wonderful Rick Wagoner) just now noticed? There is a solid reason GM is rapidly losing market share-very poor planning and vision.

Reply to
Jim Higgins

I heard that Toyota could have sold more if they could have produced more.

The GM factories and different brands would do much better on their own than in the socialistic system of central control they are in. If they would be split up into separate companies and sold off they could again regain their individual glory. As it is now it is simlar to the former USSR where the top need to make all decisions and of course centrally controled economy does not work. One big company, one big leader making all the decisions is bound to fail. So in order to save all the workers the brands need to be saved from the dicktator.

Reply to
Gosi

The drop in sales of big cars is having effect.

Demand for oil has dropped.

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It is also important that India and many others have decided to cut fuel subsidies.

So in the light of this we could be witnesing the to of the curve.

Reply to
Gosi

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