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GM Truck Glut Impact (12/20/12)

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  1. General Motors0:57
  2. Insurance Institute for Highway Safety1:38
  3. fatal injuries2:12
  4. auto maker2:31, 2:59
  5. Lund2:01, 2:47
  6. light trucks0:31
  7. weekly commentary4:03
  8. GMC Sierra1:13

Thu, 20 Dec 2012|

Excess supply may lead to 'aggressive' spiffs; four-door manages crash forces in new test; supplier lands autonomous license.

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Automatically Generated Transcript (may not be 100% accurate)

Inventory surge as US sales continue to climb many auto makers have plenty of product on hand. It in one case two months. That's next. Like to welcome you in on this Thursday. I'm Tom -- back. Other makers started December with the largest inventory in almost four years some three point one million unsold cars and light trucks. The reason. Keeping up with an expanding market. Industrywide there is -- 69 days supply of vehicles. Above the normal I deal rate of sixty. But lower than average for this time of year a few examples. Chrysler stands at nine. Hyundai Kia at 42. But at the opposite and -- -- General Motors with a 160. Day supply. Up from 98 a month earlier. GM's bloated inventory is due in large part to an excess of large pickups. Is the company prepares to build the next gen Chevy Silverado. And GMC Sierra. So what's next. Kevin Tynan an analyst at Bloomberg industries who -- US branded inventory at ninety days. His buyers Macy aggressive discounts before the end of the year. He notes those spirits can potentially harm manufacturer margins. More now on the newest crash test results from the Insurance Institute for Highway Safety. You've heard of the institute's top safety pick. Now it has a new title for carmakers to strive for top safety pick plus. It goes to cars that pass a stringent new test the small overlap collision. Institute president Adrian Lund says the test measures what would happen. It just the front corner of a vehicle hits another car or an object like a tree or a poll. About a quarter of serious and fatal injuries occur in small overlap crisis. He says today's cars have a front structured deliberately designed to crush in a crash. But in a small overlap crash. This structure can be bypassed. And in that case the damage can often extend well into the occupant compartment. Unless the auto maker has designed to prevent that now as we told you this morning on first shift. The Toyota Camry and Prius to be. Slapped with a surprising -- rating after failing the new test. The drivers had just brushes off the airbag Lund says Toyota engineers have some catching up to do. In a statement Toyoda bowed to respond to that challenge in said it was evaluating the new test protocols. The auto maker also pointing out that the 2012 Camry and Prius -- Our designated top safety picks by I IE eight chest and the camera has a five star government safety rating. A more upbeat reaction from rival Honda whose four door cord was one of two midsize sedans rated good in the new test. The other was the Suzuki disaster. Honda saying it's 2013 record as a reinforced front frame structure. That better manages crash forces. Continental is the first automotive supplier to receive Nevada is autonomous vehicle testing license. The test vehicle will display a special red license plate. Conte says the highly automated vehicle provides a safer more comfortable ride for those inside. Finally the ancient Mayan calendar says the world is going to end Friday I sure as heck hope it doesn't. Because we have -- left and weekly commentary for. We will see you that.

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