Cars
The last time that Ford overtook General Motors as the best selling automaker in the U.S. was in 1930. But as they say, records are made to be broken. And according to industry analysts, FoMoCo may very well take the first spot this year as the 'New GM' will emerge from Chapter 11 with just four brands -Chevrolet, Cadillac, GMC and Buick. According to Autodata Corp., the four brands of the 'New GM' accounted for 16.5 percent of the U.S. market in the month of June while FoMoCo's share not including Volvo that's up for grabs, was 17.2 percent.
- Ford Group U.s. Sales Plunge 40.2% In January
It appears that there's no end to the sales crisis that has hit the U.S. auto industry. In January 2009, Ford Motor Company's U.S. sales that include the Ford, Lincoln, Mercury and Volvo brands, fell to 93,506 units, a 40.2 percent decline versus...
- Ford's December Sales Drop 32.4%, 2008 Ytd Sales Down 20.7%
In December, Ford Motor Company's U.S. sales that include the Ford, Lincoln, Mercury and Volvo brands, totaled 139,067, down 32.4 percent compared with a year ago. Despite the decline, Ford estimates that the market share of the Ford, Lincoln and...
- Global Car Sales To Drop 7.7% To 60 Million Units In 2009, According To Hyundai Chairman
South Korea's largest automaker, Hyundai, expects that the worldwide financial crisis will continue to have a negative effect on global auto sales throughout 2009. Today, the firm's Vice Chairman Choi Jae Kook told Hyundai's employees that...
- Ford Re-considers Volvo Sale
As global auto sales continues to plunge, Ford Motor Company is constantly shedding its assets in a desperate attempt to raise cash. The latest development concerns the possible sale of Volvo as FoMoCo announced today that it is "reevaluating strategic...
- Gm’s Q1 Global Sales 1% Down At 2.25 Million Vehicles
The General announced that it sold 2.25 million cars and trucks around the world in the first quarter of 2008, down less than one percent compared to the previous period. Strong first quarter sales in GM's Latin America, Africa and Middle East and...
Cars
Ford May Top GM as Best Selling U.S. Automaker This Year for the First Time since 1930
The last time that Ford overtook General Motors as the best selling automaker in the U.S. was in 1930. But as they say, records are made to be broken. And according to industry analysts, FoMoCo may very well take the first spot this year as the 'New GM' will emerge from Chapter 11 with just four brands -Chevrolet, Cadillac, GMC and Buick. According to Autodata Corp., the four brands of the 'New GM' accounted for 16.5 percent of the U.S. market in the month of June while FoMoCo's share not including Volvo that's up for grabs, was 17.2 percent. John Wolkonowicz, an industry analyst with IHS Global Insight, told Bloomberg News that "Ford is on a real roll right now," and that the automaker "could overtake GM this year."
"A lot of Pontiac buyers, young, blue-collar women, may not like the rest of the GM lineup," Wolkonowicz added. "They're certainly not going to buy a Buick."
But does it really matter who takes the first spot in sales? Well, it certainly makes the company's employees feel proud for their work, but that's about it. Don't forget, GM was the global leader and look where the automaker is now.
Via: Bloomberg
- Ford Group U.s. Sales Plunge 40.2% In January
It appears that there's no end to the sales crisis that has hit the U.S. auto industry. In January 2009, Ford Motor Company's U.S. sales that include the Ford, Lincoln, Mercury and Volvo brands, fell to 93,506 units, a 40.2 percent decline versus...
- Ford's December Sales Drop 32.4%, 2008 Ytd Sales Down 20.7%
In December, Ford Motor Company's U.S. sales that include the Ford, Lincoln, Mercury and Volvo brands, totaled 139,067, down 32.4 percent compared with a year ago. Despite the decline, Ford estimates that the market share of the Ford, Lincoln and...
- Global Car Sales To Drop 7.7% To 60 Million Units In 2009, According To Hyundai Chairman
South Korea's largest automaker, Hyundai, expects that the worldwide financial crisis will continue to have a negative effect on global auto sales throughout 2009. Today, the firm's Vice Chairman Choi Jae Kook told Hyundai's employees that...
- Ford Re-considers Volvo Sale
As global auto sales continues to plunge, Ford Motor Company is constantly shedding its assets in a desperate attempt to raise cash. The latest development concerns the possible sale of Volvo as FoMoCo announced today that it is "reevaluating strategic...
- Gm’s Q1 Global Sales 1% Down At 2.25 Million Vehicles
The General announced that it sold 2.25 million cars and trucks around the world in the first quarter of 2008, down less than one percent compared to the previous period. Strong first quarter sales in GM's Latin America, Africa and Middle East and...