ford a U.A.W. company has been able to boost domestic market share while slashing customer incentives by 30 percent, all to the detriment of foreign car makers:)
Nickname unavailable
while slashing customer incentives by 30 percent, all to the detriment
of foreign car makers:)
http://www.bloomberg.com/apps/news?pid=20601110&sid=aUimQkbkd87U
Ford Manages to Gain U.S. Market Share While Cutting Incentives
By Keith Naughton
July 2 (Bloomberg) -- Ford Motor Co., the only major U.S. automaker to
avoid bankruptcy, has been able to boost domestic market share while
slashing customer incentives by 30 percent.
The second-largest U.S. automaker accounted for 18 percent of sales
last month, up from 14.6 percent a year earlier, according to Autodata
Corp. Ford’s incentives in the same period fell to an average $2,747 a
vehicle from $3,948, the Woodcliff Lake, N.J.-based research firm
said.
Ford avoided the industry pattern of increasing market share by
raising incentives because production cuts reduced its inventory of
unsold vehicles on dealer lots, said George Pipas, the company’s sales
analyst. Ford also benefited as General Motors Corp. and Chrysler LLC
sought court protection.
“The lack of bankruptcy at Ford has put it in a very positive light
among many Americans,” said auto analyst John Wolkonowicz at IHS
Global Insight in Lexington, Massachusetts. “Ford got through without
government aid, Ford has a fresh lineup and Ford is getting positive
press for its quality.”
The Dearborn, Michigan-based automaker stresses its efforts to keep
unsold cars and trucks from piling up at dealers, avoiding the need
for lot-clearing incentives. Ford cut inventory by 38 percent in the
past year, compared with a 2 percent decline industrywide, Pipas said.
‘Secret Weapon’
“Keeping that inventory at just the right level, not too lean,
certainly not too heavy, from the fourth quarter on, I think has been
really the secret weapon at Ford,” Jim Farley, the company’s marketing
chief, said yesterday.
Ford, which lost a record $14.7 billion in 2008, was suffering through
a collapse of its biggest seller, the F-Series pickup trucks, a year
ago as gasoline prices soared to $4 a gallon. The automaker increased
rebates and delayed the introduction of a redesigned F-150 to clear a
glut of the old model on dealer lots, Pipas said.
At current lower inventory levels, the revamped F-150 last month
commanded an average transaction price of $30,000, an increase of
$6,000 from a year earlier, Farley said.
Ford total U.S. sales of cars and light trucks declined 11 percent in
June, less than half of the industry’s 28 percent drop. With demand
for its vehicles outpacing competitors, Ford said on June 29 that it’s
boosting third-quarter North American production by 16 percent from a
year earlier.
The automaker also is gaining sales to fleet customers such as rental-
car companies because GM and Chrysler idled plants as part of their
bankruptcy reorganizations, Pipas said.
Competitive Advantage
“While we view Ford’s performance as impressive, we believe that it
may have disproportionately benefited from GM and Chrysler’s extremely
low fleet sales, which were driven by lack of production,” Rod Lache,
a Deutsche Bank analyst in New York, wrote in a research note today.
He rates Ford’s shares “hold.”
The automaker has been able to stay out of bankruptcy and avoid
emergency government aid after it borrowed $23 billion in late 2006
before credit markets froze, pledging all its major assets as
collateral.
Ford fell 5 cents to $5.86 at 12:14 p.m. in New York Stock Exchange
composite trading. The shares have more than doubled this year,
posting the second-largest gain among companies in the Standard &
Poor’s 500 Index.
To contact the reporter on this story: Keith Naughton in Southfield,
Michigan at Knaug...@bloomberg.net
Last Updated: July 2, 2009 12:14 EDT
AZDuffman
> ford a U.A.W. company has been able to boost domestic market share
> while slashing customer incentives by 30 percent, all to the detriment
> of foreign car makers:)
kind of funny the article does not mention foreign makers at all.
Seems more likely Ford is taking share out of Government Motors and
Chrysler's asses.
But then you do like making a jerk out of yourself.
Nickname unavailable
snicker, of course the facts that i have posted to you today that
toyota and honda are both taking hits worse than american companies,
means nothing to you.
you are impervious to facts, logic and reason, and are driven by
hatred of your fellow americans.
Nickname unavailable
here it is, i posted it today. i know you saw it, you must be
seething:)
tsk, tsk, more bad news for toyota republicans, they are stunned
again, they are losing market share:)Toyota’s U.S. Car Sales Drop
Outpaces Market Decline
they have one good car, and they make no money off of it. so now they
offered their crown jewel, the prius, to GENERAL MOTORS, AND THE
U.A.W. in bid to shore up plummeting sales do to crappy products.
ROTFLOL!!!!!!!!!!!!!!!!!!!!!!!!!!
http://www.bloomberg.com/apps/news?pid=20601110&sid=aAUB.H40cRBs
Toyota’s U.S. Car Sales Drop Outpaces Market Decline (Update1)
By Alan Ohnsman and Craig Trudell
July 2 (Bloomberg) -- Toyota Motor Corp.’s U.S. sales in June fell
more than predicted after the company pared incentives and overall
market demand failed to beat May’s level, delaying a U.S. rebound for
Asian auto brands.
Toyota had a 32 percent drop in June. Sales for Honda Motor Co. and
Nissan Motor Co., Japan’s second- and third-largest carmakers, fell 30
percent and 23 percent, and South Korea’s Hyundai Motor Co. fell 24
percent. Total U.S. sales fell 28 percent, the 20th straight monthly
decline.
Recession and rising unemployment pushed down auto sales in this
year’s first six months to the lowest since at least 1976, according
to Bloomberg data. Still, signs of recovery and a federal rebate
program to encourage people to trade in old vehicles should spark
stronger demand in the second half, said analyst Jesse Toprak.
“In the last week of June there was lots of ‘wait and see attitude’
for the ‘cash for clunkers’ program,” Toprak, executive director of
industry analysis for Edmunds.com in Santa Monica, California, said
today. “We’re not going to see the impact of the program until the
last week of July and in August.”
Under the program that starts July 24, consumers get vouchers worth as
much as $4,500 if the new car they buy gets 10 miles-a-gallon better
gas mileage than the model they are trading in. For light trucks, the
improvement must be 5 mpg better than the older model, and for large
light trucks, 2 mpg.
Edmunds.com estimates the vouchers will generate 250,000 additional
sales. Automakers’ incentives rose to $2,930, up $489 from a year ago,
according to Edmunds.com. Toyota cut such spending to $1,362, down
from May’s $1,714, while Honda’s rose to a record $1,686, Toprak said.
Combined market share for Asian brands was 45.8 percent, down 0.4
point from a year ago, according to Autodata Corp.
Toyota
Toyota’s sales fell to 131,654 new Toyota, Lexus and Scion brand
vehicles. A bright spot for the Toyota City, Japan-based company was
the 10 percent increase in Prius hybrids. June was the first full
month of sales for the revamped gasoline-electric car, rated by the
U.S. as getting 50 mpg.
Sales of Prius are “off to a fantastic start,” Toyota U.S. Vice
President Bob Carter said on a conference call yesterday.
The company’s adjusted decline of 35 percent exceeded the 32 percent
average forecast for the company of three analysts surveyed by
Bloomberg.
“The fact that Toyota decided to hold back on incentives seems to be
why they came in a little low,” Toprak said.
While Toyota remains the second-largest automaker in the U.S. by sales
volume, it fell behind Ford Motor Co. for a third straight month.
Toyota’s market share was 15.3 percent for the month, down from 16.2
percent a year ago, according to Autodata.
Toyota rose 0.6 percent to 3,650 yen at the 11 a.m. trading break in
Tokyo. Honda fell 0.4 percent to 2,635 yen and Nissan rose 1.9 percent
to 595 yen. Hyundai Motor fell 1.2 percent to 72,300 won in Seoul.
Honda
Honda sold 100,420 autos, a 32 percent decline on an adjusted basis.
That beat the average estimate of a 35 percent drop by three analysts
surveyed by Bloomberg.
Increased incentive spending by Honda led to higher sales of Odyssey
minivans and Pilot sport-utility vehicles. The company also sold 2,079
units of its new Insight hybrid, designed as a lower-cost competitor
to Toyota’s Prius.
Sales of Insights should pick up in July and August as a result of the
“clunkers” trade-in program, Toprak said.
Honda’s market share was 11.7 percent, down 0.3 from a year ago.
Federal Reserve Bank of San Francisco President Janet Yellen said this
week that the U.S. economy may be about to “turn the corner” and
repeated that she expects the recession, which began in December 2007,
to end later this year.
Nissan, Hyundai
Tokyo-based Nissan sold 58,298 vehicles, an adjusted decline of 26
percent, compared with an average drop of 28 percent forecast by three
analysts.
Declines for most of Nissan’s car and truck models were moderated by a
72 percent increase in sales of Maxima sedans and the addition of the
Cube mini-wagon, which sold 2,137 units in its first full month.
“Sales still haven’t recovered in terms of sheer volume numbers, but
things are stabilizing,” Al Castignetti, U.S. vice president for
Nissan, said in a telephone interview.
Nissan’s market share improved by 0.4 point to 6.8 percent.
Seoul-based Hyundai, South Korea’s largest automaker, sold 37,943
vehicles. The 24 percent decline exceeded Edmunds.com’s expectation of
an 18 percent slide.
The annual sales rate fell to 9.69 million cars and light trucks last
month, from 9.9 million in May and 13.6 million in June 2008,
Woodcliff Lake, New Jersey-based Autodata said. Analysts surveyed by
Bloomberg had projected the annual pace for June would rise above 10
million for the first time this year.
The analysts’ company estimates were adjusted for one more sales day
last month than in June 2008, and some automakers report results on
that basis. Bloomberg uses unadjusted figures, which for June would be
about 4 percentage points better than the adjusted numbers.
To contact the reporters on this story: Alan Ohnsman in Tokyo at
aohns...@bloomberg.net; Craig Trudell in Southfield, Michigan, at
ctrud...@bloomberg.net
Last Updated: July 1, 2009 23:02 EDT
AZDuffman
> On Jul 2, 10:26 pm, AZDuffman <srduffy1...@gmail.com> wrote:
>
> > On Jul 2, 11:12 pm, Nickname unavailable <Vide...@tcq.net> wrote:
>
> > > ford a U.A.W. company has been able to boost domestic market share
> > > while slashing customer incentives by 30 percent, all to the detriment
> > > of foreign car makers:)
>
> > kind of funny the article does not mention foreign makers at all.
> > Seems more likely Ford is taking share out of Government Motors and
> > Chrysler's asses.
>
> > But then you do like making a jerk out of yourself.
>
> here it is, i posted it today. i know you saw it, you must be
> seething:)
>
> tsk, tsk, more bad news for toyota republicans, they are stunned
> again, they are losing market share:)Toyota’s U.S. Car Sales Drop
> Outpaces Market Decline
Keep talking like an idiot, you will fit in with other Obama voters.
The old Big 3 combined have less market share than GM alone did just
25 years ago. So Toytoa lost share in one month? Your saying Detroit
is doing good is kind of like a losing boxer in round 10 saying, "I
think I have him! His fist is starting to hurt from hitting my fadce
so many times!"
Obama sugar daddy GM will soon be laying off yet more lazy UAW workers
who will have to actually work for a living.
GO TOYTOA!!!!
alexy
>Keep talking like an idiot, you will fit in with other Obama voters.
I resent that big-time. He is nothing like me or most of the other
Obama voters I know.
Do you accept the notion that Kenneth Clifton is representative of
McCain voters? Very similar assertion.
--
Alex -- Replace "nospam" with "mail" to reply by email. Checked infrequently.
Nickname unavailable
> On Jul 2, 11:30 pm, Nickname unavailable <Vide...@tcq.net> wrote:
>
>
>
> > On Jul 2, 10:26 pm, AZDuffman <srduffy1...@gmail.com> wrote:
>
> > > On Jul 2, 11:12 pm, Nickname unavailable <Vide...@tcq.net> wrote:
>
> > > > ford a U.A.W. company has been able to boost domestic market share
> > > > while slashing customer incentives by 30 percent, all to the detriment
> > > > of foreign car makers:)
>
> > > kind of funny the article does not mention foreign makers at all.
> > > Seems more likely Ford is taking share out of Government Motors and
> > > Chrysler's asses.
>
> > > But then you do like making a jerk out of yourself.
>
> > here it is, i posted it today. i know you saw it, you must be
> > seething:)
>
> > tsk, tsk, more bad news for toyota republicans, they are stunned
> > again, they are losing market share:)Toyota’s U.S. Car Sales Drop
> > Outpaces Market Decline
>
> Keep talking like an idiot, you will fit in with other Obama voters.
> The old Big 3 combined have less market share than GM alone did just
> 25 years ago. So Toytoa lost share in one month?
ford has now outsold them 3 months in a row. that is the beginnings
of a pattern. maybe not sustainable, we shall see.
Your saying Detroit
> is doing good is kind of like a losing boxer in round 10 saying, "I
> think I have him! His fist is starting to hurt from hitting my fadce
> so many times!"
>
never said they were doing good, i am simply pointing out to you that
toyota is doing just as bad, and today it appears worse. and their car
line up is dismal.
> Obama sugar daddy GM will soon be laying off yet more lazy UAW workers
> who will have to actually work for a living.
>
not if toyota can help it:)
> GO TOYTOA!!!!
yep, go
zzbu...@netscape.net
> On Jul 2, 11:12 pm, Nickname unavailable <Vide...@tcq.net> wrote:
>
> > ford a U.A.W. company has been able to boost domestic market share
> > while slashing customer incentives by 30 percent, all to the detriment
> > of foreign car makers:)
>
> kind of funny the article does not mention foreign makers at all.
> Seems more likely Ford is taking share out of Government Motors and
> Chrysler's asses.
Well, since GM and Chinese shares moslty come from Chinese oil
fields, there is no way around
the inevitable. So the smart money is still mostly building things
that don't include
GE sales Jingos to stay afloat.
RichTravsky
Nickname unavailable
you are confusing him with facts.
Nickname unavailable
it keeps getting worse for you:)
cash is king, certainly rings true these days, Investors can't seem to
get enough of it, which ultimately could be bad news for the stock
market and the economy, investors' experiences in 2008 called into
question three underpinnings of investment management, buy and hold,
diversification, and dividends
all sorts of myths falling these days, this certainly bodes ill for
the hyper-inflation mania.
the dividend myth that was supposed to lift stocks out of their
losses after the end of the great depression,
"Since 1955, the average has been 15 dividend increases for every
decrease. Now, it's five increases for every six decreases, according
to S&P", and of course buy & hold, and of course diversification.:)
http://finance.yahoo.com/news/ALL-BUSINESS-Cash-is-king-for-apf-89383...
ALL BUSINESS: Cash is king for investors
ALL BUSINESS: Investors choose cash as an asset class, which is bad
for stocks
• By Rachel Beck, AP Business Writer
• On Saturday July 4, 2009, 12:01 pm EDT
NEW YORK (AP) -- That old saying "cash is king" certainly rings true
these days. Investors can't seem to get enough of it, which ultimately
could be bad news for the stock market and the economy.
In the past, investors would cling to cash until the market's
prospects brightened and then money would pour back into stocks.
That's just what the bulls today are hoping will drive a surge on Wall
Street in the months ahead.
But the shock of the financial crisis -- which have made leverage and
risk-taking dirty words -- may be changing all that. Even with today's
minuscule returns, cash seems to have become a sought-after asset
class among investors who intend to keep it as a part of their
portfolios for the long term.
Watching this play out firsthand is Jack Ablin, chief investment
officer at Harris Private Bank in Chicago. In sizing up the outlook,
he has to balance what the past tells him about cash tending to move
back into the market and the cautionary tone that he's hearing from
the bank's clients .
Historical data he has crunched shows that whenever assets in money
market mutual funds -- which are low-risk, highly liquid investments
-- exceeded 25 percent of the market capitalization of the Standard &
Poor's 500 index, stocks have rallied over the following two years.
This ratio jumped to an almost-unheard of level of more than 60
percent on March 9, almost triple the median level in the early years
of this decade, for two reasons. Money market fund totals have surged
30 percent since the stock market peaked in October 2007, and by early
March the S&P 500's market cap had plunged 57 percent from its high
point in 2007.
Today, that ratio has narrowed to about 45 percent, primarily because
of a recent rebound in stocks. There is $3.7 trillion sitting in money
market mutual funds right now, and the market cap of the S&P 500 is
about $8 trillion, up from a March low of $5.9 trillion.
Ablin considers the 45 percent level still to be unusual -- and a
potential source of fuel for further stock gains if investors choose
to redeploy their low-yielding cash.
"If the stock market keeps trending higher and corporate earnings
numbers progress, some investors might feel left out and decide to buy
again," Ablin said. "That is driven by human nature."
But there is recent evidence from some big-name investors that argues
otherwise, at least on the margins. The California Public Employees'
Retirement System, also known as CalPERS, announced June 15 that it
had boosted the target cash exposure of its $183 billion investment
portfolio from zero to 2 percent.
That helps explain why Ablin is cautioning against counting on a
stampede out of cash and into stocks, especially after talking to his
banks' clients. They've been burned by the bear market and worry about
having enough cash -- especially those who invested in things like
auction-rate securities that turned out not to be as easily accessible
as they thought. Since credit markets remain tight, many are also
finding it harder to borrow or raise money.
So they are clinging to their cash, especially in plain-vanilla
accounts like money market funds, which now yield on average only 1.3
percent, according to Bankrate.com.
Ablin has started giving a presentation to clients titled "Cash is an
Asset Class." He discusses how investors' experiences in 2008 called
into question two underpinnings of investment management -- buy and
hold and diversification. As a result, he sees many investors viewing
cash as an important asset to have "in an environment where you need
to protect yourself."
Ablin's thinking jibes with what David Rosenberg, chief economist and
strategist at the Canadian wealth management firm Gluskin Sheff, has
been telling his clients.
Even though there is a mountain of cash on the sidelines, he says it
is being deployed tactically, "seeing as demand for liquidity is
running at very high rates at every level of the economy."
Rosenberg points to the record number of dividend cuts by S&P 500
companies over the last 12 months -- 1,043 of them, according to S&P.
That's evidence corporations are hoarding cash so that they can fund
operations, buy other companies or to ensure they can satisfy their
debt refinancing needs going forward.
The end result is that stock investors are seeing their cash flow
squeezed. Since 1955, the average has been 15 dividend increases for
every decrease. Now, it's five increases for every six decreases,
according to S&P.
Shifting investor sentiment is also reflected in the surge in the
personal savings rate, which was hovering near zero in early 2008 but
soared to 6.9 percent in May. That was the highest rate since 1993.
Even with the massive government stimulus program, Americans are
choosing to bolster their nest eggs rather than spend. According to
Rosenberg's calculations, the total stimulus from the Obama
administration came to $163 billion at an annual rate in May, but
consumer spending only increased at an annual rate of $25 billion.
So long as the cash just stays on the sidelines, there won't be much
fuel to propel stocks and the economy forward.
Rachel Beck is the national business columnist for The Associated
Press. Write to her at rbeck(at)ap.org
(This version CORRECTS spelling of executive's name to Ablin sted
Albin)
AZDuffman
> you are confusing him with facts.- Hide quoted text -
FACT: No foreign make was mentioned in the article
So Ford's market share gain just as easily came out of the hides of
Chrysler and Government Motors. GM is one in real danger as plenty of
patriotic Americans like myself will refuse to even consider one of
their producgts as long as they are government owned. Real Americans
don't wanf socialism!
Nickname unavailable
i posted a fact to you that toyota was losing market share in america
in this thread. its why i consider you a crank. oh, and more bad news
coming in for your foreign friends traitor.
http://www.bloomberg.com/apps/news?pid=20601087&sid=apzVRyR2Nbp0
Toyota Motor Corp., Honda Motor Co., Nissan Motor Co., Japan’s three
largest automakers, will likely post losses in the three months ended
June 30 because of the lower demand in the U.S., traditionally their
most profitable market, according to three analysts surveyed by
Bloomberg. Honda and Nissan are based in Tokyo, and Toyota in Aichi
prefecture in central Japan.
“The numbers will look really ugly,” said Mamoru Kato, an analyst at
Tokai Tokyo Research Center in Nagoya, who expects Toyota to post a
loss comparable to the 766 billion yen ($8 billion) loss in the
quarter ended in March.
their losses are now approaching what american car companies have
lost. it must be their lazy worthless non-union workers.
RichTravsky
http://www.bloomberg.com/apps/news?pid=20601110&sid=aUimQkbkd87U
demand for its vehicles outpacing competitors
Foreign manufacturers are their compeitors and a foreign manufacturer is the
number one seller.