September's U.S. car and truck sales results are proof that whatever grace period Detroit's auto makers had from competition-as-usual in their home market is over. It's true that September was a tough month for Detroit brands. General Motors Co., Ford Motor Co. and Fiat S.p.A's Chrysler Group LLC combined to sell 44% of the cars and light trucks delivered in September, down from 48% a year ago, according to figures compiled by Autodata. Where did those four percentage points of share go? To Toyota Motor Corp. and Honda Motor Co., which together picked up 4.4 percentage points of market share in September, thanks to big jumps in sales for the Toyota Corolla (+43%), the Honda Accord (+57%) and the Toyota Prius (+103%.)
Source: The Wall Street Journal
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Because of price,automobiles are now the #2 major investments in our lives,just behind buying a home.Of course that is not true for those with an outstanding college loan to pay back,but a lot of us have paid $25,000 and up for our vehicles.In order to make that investment work we need to get at least 150,000 miles of use out of them.Foreign vehicles give us that assurance.Domestic vehicles do not.
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ReplyDeleteGot ton pay those union pensions and big contributions to the dumbocrats. It's all factored in to the price of a domestic car.