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GM Surpasses Toyota as World’s Largest Automaker By Sales on Japan Quake
Obama to Unveil Truck Efficiency Standards Next Week
U.S. Dealers Still Inventory-Starved
Ford's Farley 'Respects' GM
Analysis: Honda at Crossroads as Civic Panned, Hyundai Looms
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GM Surpasses Toyota as World’s Largest Automaker By Sales on Japan Quake

General Motors Co. outsold Toyota Motor Corp. globally in the first six months to become the world’s largest automaker after the record March earthquake disrupted production in Japan. Output at the Toyota City, Japan-based automaker slumped 23 percent to 3.37 million units in the half-year after the company halted production following the magnitude-9 temblor and tsunami in March. Toyota expects to enter a production recovery phase in September, one month earlier than previously announced, it said Aug. 2. “Even if Toyota recovers production, it will take another few more months for sales to actually recover” as it takes time to deliver vehicles to dealers, said Takeshi Miyao, an analyst at consulting company Carnorama in Tokyo. “Toyota’s sales may trail behind Volkswagen in the full-year as well.”
Source: Bloomberg

Related articles

  The Secrets of the GM Diet (The Wall Street Journal)

  GM’s Higher Vehicle Prices Go Straight To Bottom Line (Forbes)

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Obama to Unveil Truck Efficiency Standards Next Week

President Obama will travel to Virginia next week to announce new fuel-economy standards for heavy-duty trucks. The White House said Thursday that Obama will make the announcement next Tuesday at Interstate Moving Services in Springfield, Va. “The new standards will provide American businesses, who operate and own these commercial vehicles, tens of billions of dollars in fuel savings, and will dramatically reduce oil consumption and cut pollution,” the White House said in a statement.
Source: The Hill

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U.S. Dealers Still Inventory-Starved

Hopes that U.S. dealers would replenish their barren lots with new light vehicles were not realized in July, as the month’s count was 194,000-plus units short of June’s tally. As of July 31, the days’ supply barometer slipped to 49 from prior-month’s 54 days and year-ago’s 52, well below the 60-70 days’ supply long considered ideal. Assembly-plant vacation shutdowns get much of the blame for halting the fledgling inventory rebound seen at the end of June, along with the continued struggle to restore output from Japan-based auto makers and suppliers still reeling from the earthquake and tsunami that struck the island nation March 11.
Source: Ward's Auto

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Ford's Farley 'Respects' GM

Jim Farley, head of global marketing at Ford Motor Co., is trying to smooth things over with the folks at General Motors. A pre-publication version of Once Upon a Car by Bill Vlasic, a reporter for The New York Times, says Farley did some trash talking about his crosstown rivals. "We're going to beat on them, and it's going to be fun," the book quotes Farley as saying. "F*** GM," he reportedly said. "I hate them and their company and what they stand for. And I hate the way they're succeeding." In a meeting with reporters Tuesday at the seminars here, Farley said he had called GM marketing chief Joel Ewanick to clear the air.
Source: Automotive News

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Analysis: Honda at Crossroads as Civic Panned, Hyundai Looms

When Honda Motor's 2012 Civic debuted at the New York auto show in April, critics universally panned its cheap, hard- plastic interior. How well the four-month-old Civic will fare remains to be seen because the March 11 earthquake in Japan has distorted supply. The model's U.S. sales are down 10 percent so far this year. But if demand proves disappointing once supply constraints disappear later this year, it could threaten Honda's sales projections at a time when investors cite stiffer competition as one of the biggest risks to its performance this year.
Source: Reuters

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More articles

Aug. 4, 2011 - GM Profit Nearly Doubles on Strong Global Sales

Aug. 3, 2011 - Automakers Muster 1% Gain in Tough Month

Aug. 2, 2011 - July Another Weak Month for US Auto Sales

Aug. 1, 2011 - President, Automakers Hail New Fuel Efficiency Pact

July 29, 2011 - Cars Sold in U.S. Could Get 54.5 mpg by 2025

"We know the competition is coming back with a vengeance. We see it and we’re ready."

    -- Mark Reuss, GM’s president for North American operations, Forbes, Aug. 4


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Convention News
Online Registration for 2012 Convention Now Open

Registration for the 2012 NADA and ATD Convention and Expo, Feb. 3-6 in Las Vegas, is now open online. The 2012 convention will mark the first time the NADA and ATD conventions will be held together. Dealers are urged to register early to take advantage of discounted pricing and reduced hotel rates. Click here to register.

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