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GM, Ford Losing Share (5/2/12)

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Wed, 2 May 2012|

GM, Ford slide in their home market as one rival comes back and Chrysler carries on; Toyota's strategy for May; Honda stuck in neutral

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Automatically Generated Transcript (may not be 100% accurate)

Behind the declines. White Ford and GM are losing US market share. That's next on auto news now. Welcome to the show for this Wednesday -- Jason Stein Tom -- back as the day off. Well analysts saw it coming the market share gains the Detroit three posted last year were going to be harder to come by this year. As Honda and Toyota roared back from natural disasters. So far 2012 that's been true with a couple of big asterisk. More on those later. First General Motors in posting that 8% sales drop for April yesterday. GM's four month the US share has fallen almost two points from its year ago mark to seventeen point 7%. Some reasons. The -- -- a year ago one of the nation's top selling cars this year off the topped analyst. And so far GM isn't chasing share with discounts average transaction price on the cruise in April. Was 191572. Dollars that's almost 3000 dollars more than the Toyota Corolla. GM also says its fleet sales were 25% lower than a year earlier mainly because of timing to daily rental customers. Retail sales remained flat and don't forget Cadillac and Buick both brands now down for seven straight months lower fleet sales -- factor there. At Cadillac the story is also about product the DT yes and ST yes have been phased out the XTS and eight yes are on the way. No such new car relief on the horizon or Buick. To Ford now -- boss can zoom way pointing out yesterday that Ford is adding 400000. Units of capacity. To address vehicle shortages now that includes a third shift at a Michigan plant that makes the focus compact. Sales are also falling ports to a Ford's top three sellers. The escape and the fusion both slated to be replaced in coming months. Some areas maybe be on the quick fix though the fiesta down 30% this year while Lincoln down 25%. Continues to -- Toyota meanwhile continues its come back. April's 12% gain marked it's six straight monthly increase. Its four months share now at fourteen point 3% up ought to point behind four. A big reason the new memory it was up 21% last month well Prius sales double. And get ready for a strong may division's sales boss Bob Carter says Toyota will offer 0% financing on its seven top selling models. As for those asterisk it's Toyota's come back hasn't heard Chrysler its share over the past year is up two points to eleven point 6%. Honda meanwhile can't seem to get back on track after last year's natural disasters. Sales fell in March and April after rising at the start of the year. The result a half point. A share lost. In other news GM has reportedly considering a smaller stake in Isuzu motors. After the Japanese auto maker objected to a GM offered by a third of its former partner that according to Reuters renowned renewing ties to a -- would give GM another source of diesel technology and further access. To Asian markets. GM once owned as much as 49% of Isuzu but sold the last of that stake in 2006. And finally to this -- Are rare supplier in failing to report first quarter profit. The net loss was 29 million dollars on lower global sales. Now most of that deficit came from a one time 63 million dollar charge for ending a Korean joint venture. A year earlier its younger third. That's it for today shall we look forward to seeing you again tomorrow. For everyone and Automotive News now have a good ones.

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    Eight polling that Tug of war what heavy duty YouTube has poured threatening to life. You're watching auto news now. Good to see you on this Monday. I'm Tom back for Ford and Chrysler the stakes couldn't be higher. According to true cart dot com heavy duty pickups represent 23%. Of all pick up sales in the US. In one of the main reasons to buy a big truck. Towing capability. a battle is raging between Ford and Chrysler's ram Brad. Over who can claim best in class Ford is threatening legal action if keeps claiming its pickups have besting class We're talking so called fifth wheel or goose neck trailer is connected in the pick up that. So here's the issue. Ford says 2015. F 454. By four crew cab can 31200. House. That's about 12100 pounds more than the highest capacity 3500. Which is rated at 30000. Pounds. But rim says the trucks are not even in the same class. It's is the F 450 is a class four pick up in fact the only class four pick up on the market. says the 3500. Actually competes against the F 350. In GM's 3500. Heavy duties. Reporter Larry tells us Ford does something no other automaker does when setting its maximum payload for the F series. It removes items like the radio. The spare tire the Jack. In the center console in order to produced the maximum number for its payload that's a questionable practice because a component truck over. Into another class. Larry says under the system used by other auto makers the F 450 would be considered class war. For more story in today's print and digital editions of Automotive News. Ford is raising prices on the new one in fifteen aluminum body F 150 pick up. Like 340 dollars to 3385. Bucks. The king ranch sees the biggest price increase over the 2014 model. Ford however has upped the standard equipment in all models of the truck for example to information screens are standard. Our Richard true it is also reporting the auto maker is trimming the number of F 150 models from eleven to five. With the new truck arrives this fall popular name plates such as the raptor in limited will be gone. Dealers started ordering the pick ups today. More business may be on the way to service based in GM dealerships. That's because the auto maker is offering buyers of its 2015 models for monthly vehicle diagnostic reports through OnStar. The move also allows customers to sign up to receive maintenance notifications from their stores. Both services will be offered at no charge for five years under a plan named OnStar basic. Previously. They were available only to paying OnStar subscribers. GM says that customers who are emailed me notifications from their dealerships. Come in for two additional service visits a year on average. Compared with customers who don't receive that. Cash for clunkers a phrase that was all the rage five years ago this month. Officially known as the car allowance rebate system clunkers was a lifeline at a desperate time in the US auto industry. US sales in June of 2009 dropped 28%. wasn't so lawful because every other month that your have been worse. But thanks to clunkers which provided consumers as much as 4500 bucks to trade in an old gas guzzler for a more fuel efficient new vehicle. July 2009 sales were off just 12%. In August sales that year were up 1%. In the end nearly 700000. Vehicles were traded in through the two point 85 billion dollar federal program. Have a great day everyone. We'll see you back here tomorrow.

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