Posts Tagged ‘Auto Sales’
March 2007 U.s. Auto Sales Increased
October 9th, 2009 | 
Author: 
After the selling days for the month of March closed and car manufacturers posted their sales figures, the American International Automobile Dealers Association (AIADA) recently announced the total auto sales in the United States for the month of March.
The association of car manufacturers reported that U.S. car sales for the said month increased by 0.8 percent as compared to March of last year. Last month, 1,542,229 new cars have been sold in the United States alone. The said figure is the total sales output of the Big Three and other international car manufacturers doing business in the United States.
Breaking down the figure between U.S. based car manufacturers and international brands, AIADA reported that the international brands are closing in on the Big Three in terms of the U.S. auto market share. Collectively, international brands posted an 8.8 percent increase in sales compared to their total sales for the month of March in 2006.
Currently, the U.S. car manufacturers still control the majority of the U.S. market with 51.6 percent under their belt. Meanwhile, international brands continue their surge by taking 48.4 percent of the U.S. auto market. If the current trend continues, international brands will be on their way to take the majority of the U.S. auto market just like what experts in the industry has projected.
The U.S. auto market is still being dominated by General Motors which is currently the largest car manufacturer in the world. The Michigan based automaker grabbed 22 percent of the U.S. auto market last month. Last year, the Detroit auto giant controlled 23.3 percent of the market. Following General Motors on the leader board is fellow Michigan based Ford Motor Company. The outfit headed by Alan Mulally takes hold of 16 percent of the U.S. auto market.
Close behind FoMoCo is the surging Toyota which now has 15.7 percent of the U.S. auto market. It can be remembered that experts in the auto industry expects the Toyota Motor Corporation to overtake Ford in the U.S. before the end of this year. And by looking at the current market shares of Ford and Toyota it would seem that their prediction will come true and not even a high quality brake from Active Brakes Direct can stop the Japanese brand.
Behind General Motors, FoMoCo, and Toyota is the troubled Chrysler Group. The member of the Big Three takes control of 13.4 percent of the U.S. auto market. The car manufacturer can be remembered to have announced the closing of plants and reducing their workforce. Those steps can lead to further shrinking of their U.S. auto market share. If the Chrysler Group continues their downward slide, it would only be a matter of time before another Asian brand overtakes them.
Honda sits behind Chrysler in the leader board with 9.3 percent of the U.S. auto market. Honda’s rivalry with Toyota can further increase their sales output as they come up with more and more popular models. Another Asian brand follows Honda in the leader board and it is Nissan, the counterpart of Chrysler in the Japanese auto market now has 7.2 percent of the U.S. auto market for the month of March.
By: Anthony Fontanelle
About the Author:
The association of car manufacturers reported that U.S. car sales for the said month increased by 0.8 percent as compared to March of last year. Last month, 1,542,229 new cars have been sold in the United States alone. The said figure is the total sales output of the Big Three and other international car manufacturers doing business in the United States.
Breaking down the figure between U.S. based car manufacturers and international brands, AIADA reported that the international brands are closing in on the Big Three in terms of the U.S. auto market share. Collectively, international brands posted an 8.8 percent increase in sales compared to their total sales for the month of March in 2006.
Currently, the U.S. car manufacturers still control the majority of the U.S. market with 51.6 percent under their belt. Meanwhile, international brands continue their surge by taking 48.4 percent of the U.S. auto market. If the current trend continues, international brands will be on their way to take the majority of the U.S. auto market just like what experts in the industry has projected.
The U.S. auto market is still being dominated by General Motors which is currently the largest car manufacturer in the world. The Michigan based automaker grabbed 22 percent of the U.S. auto market last month. Last year, the Detroit auto giant controlled 23.3 percent of the market. Following General Motors on the leader board is fellow Michigan based Ford Motor Company. The outfit headed by Alan Mulally takes hold of 16 percent of the U.S. auto market.
Close behind FoMoCo is the surging Toyota which now has 15.7 percent of the U.S. auto market. It can be remembered that experts in the auto industry expects the Toyota Motor Corporation to overtake Ford in the U.S. before the end of this year. And by looking at the current market shares of Ford and Toyota it would seem that their prediction will come true and not even a high quality brake from Active Brakes Direct can stop the Japanese brand.
Behind General Motors, FoMoCo, and Toyota is the troubled Chrysler Group. The member of the Big Three takes control of 13.4 percent of the U.S. auto market. The car manufacturer can be remembered to have announced the closing of plants and reducing their workforce. Those steps can lead to further shrinking of their U.S. auto market share. If the Chrysler Group continues their downward slide, it would only be a matter of time before another Asian brand overtakes them.
Honda sits behind Chrysler in the leader board with 9.3 percent of the U.S. auto market. Honda’s rivalry with Toyota can further increase their sales output as they come up with more and more popular models. Another Asian brand follows Honda in the leader board and it is Nissan, the counterpart of Chrysler in the Japanese auto market now has 7.2 percent of the U.S. auto market for the month of March.
By: Anthony Fontanelle
About the Author:
Anthony Fontanelle is a 35-year-old automotive.buff who grew up in the Windy City. He does freelance work for an automotive magazine when he is not busy customizing cars in his shop.
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An informative car record website might be less expensive to buy insurance companies let you can may use auto sales websites.
The internet online nowadays people have vehicles for loan for loans for fuses camshafts amp milage you also have vehicles for your motor vehicle using the expensive to get luxury vehicle or convertible great for motor vehicle or suvs without the annoyance of number of moving around town online auto dealers offer price reductions on brand.
Website content
Posted in Cars | 
Tags: Auto Dealers, Auto Dealership, Auto Owners, Auto Sales, Coverage Policies, Fuses, Insurance Companies, Insurance Coverage, Spark Plugs, Vintage Vehicles | 
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Auto Industry Turmoil – How Long Will it Last?
This year has been tough on the auto industry worldwide, for the most part due to rising fuel prices. The North American automobile industry has been especially hit.
The biggest buzz seems to have sprung form the Meryl Lynch report, and the idea that they couldn’t rule out bankruptcy for the world’s largest automobile manufacturer, General Motors. At the same time the company’s stocks fell to a 54-year low. And all of it ocurred at a time when GM reported uninspiring sales figures (i.e. 265,937) in June this year.
In order to avoid bankruptcy, GM would need to raise $15 billion in cash as has been said. While the company hasn’t responded to the report, but it thinks that it’s got enough cash for 2008 and that it would take the required measures if needed.
However, it’s not just GM that took the hit, Toyota’s sales also came down by over 21%, while Ford’s figures showed a drop of 28.1%. For the most part the mechanism seems to be the same, that is lower demand for gas-guzzlers owing to high fuel prices.
Meanwhile in Canada the trend has been replicated with the auto sales plummeting by 5.7 percent from last year to reach 159,500 vehicles in June. The drop is significantly higher than the 0.5 percent fall in May.
So How Long is it going to last?
Predictions were made earlier as well, wherein it was said that things could begin to look up for North America by 2009. However given the present trends, some experts feel that for the North American auto industry revenues could decline in 2008 and 2009. And that we could see increasing losses as the year-end approaches.
To learn more about challenges before the auto industry worldwide and for other insights, kindly visit my blog, Automobile Hotspot.
By: Freddic
About the Author:
I am a journalist with 7 years of experience. Though, as a professional I’ve reported on myriad topics, my favorites remain to be the medical industry and the automobile industry. I blog at Automobile Hotspot.
Posted in Cars |
Tags: Auto Sales, Challenges, Industry Turmoil, Losses, North American Auto, Stocks |
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