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post #1 of 21 (permalink) Old 07-05-2004, 02:53 PM Thread Starter
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Chrysler soars on new lineup; Ford, GM slip

From the Detroit Free Press:

Chrysler soars on new lineup; Ford, GM slip
June auto sales drop 2 percent in the U.S.
July 2, 2004

BY SARAH A. WEBSTER
FREE PRESS BUSINESS WRITER

June proved to be a dark month for General Motors Corp. and Ford Motor Co., as sluggish demand for new cars and light trucks drove sales sharply lower.
The results were brighter in Auburn Hills, however, where the Chrysler Group's stable of new cars and trucks -- primarily the Chrysler 300 sedan, Dodge Magnum station wagon and Dodge Durango SUV -- gave a big boost to DaimlerChrysler AG.

U.S. sales of new cars and light trucks in June, which were announced by automakers Thursday, fell 2 percent to 1.4 million vehicles from a year ago. But they were down 12 percent for the Detroit-based GM and down 7.8 percent for Dearborn-based Ford. Both companies are slated to deliver new and redesigned products to showrooms later this year.

Sales for the Germany-based DaimlerChrysler were up 4.9 percent in June compared to the same month a year ago. While the Mercedes luxury division was up a mere 1.5 percent, the local Chrysler Group division that sells Chrysler, Dodge and Jeep vehicles was up a solid 5.2 percent.
That helped DaimlerChrysler boost its share of the market to 15.7 percent in June, up from 14.6 percent in June 2003, and to hold year-to-date market share at 14.7 percent.

"It's an important lesson that when you build compelling new product and price it to offer value to consumers, that consumers respond," said Paul Taylor, chief economist for the National Automobile Dealers Association.
He said the new products coming out of Chrysler, which also plans to release a new Jeep Grand Cherokee SUV and Dodge Dakota compact pickup later this year, are showing the value of the 1998 combination of Daimler-Benz AG and the old Chrysler Corp.

"This is the synergy from the merger, finally producing fruit in the marketplace," Taylor said. "This is an important milestone for DaimlerChrysler."
At the same time DaimlerChrysler improved sales, preliminary data suggests the automaker managed to not increase its incentives as much as its competitors, said Jesse Toprak, director of pricing and market analysis for the consumer Web site Edmunds .com. That's additional positive news for Chrysler because, while incentives can encourage sales, they also eat into profits.

During a conference call, Gary Dilts, senior vice president of Chrysler Group sales, boasted about the 300's performance -- saying it was capturing the attention of everyone from urban youth to senior citizens. But he was modest about the company's overall performance, saying "we're relatively pleased."

In all, Chrysler Group sales were up 13.5 percent for the Chrysler brand, up 3.6 percent for Dodge and down 1.1 percent for Jeep.
Despite DaimlerChrysler's strong performance, a handful of other automakers achieved better results, including Kia Motors Corp., which rose 36.1 percent, Suzuki Motor Corp., whose sales rose 19.6 percent, and Hyundai Motor Co., which posted an 18.8-percent gain.
Overall, industry sales of light trucks were down 1.0 percent in June compared to a year ago, and down 3.0 percent for cars. Year-to-date, however, truck sales remain up 5.8 percent, while car sales are down 1.7 percent.

There seemed to be little consensus on the reasons for June's overall decline in vehicle sales, especially with the economy on the mend and gas prices moderating. Several automakers blamed surprisingly robust sales in May, which they said may have drained June demand.

While Ford's results were disappointing, George Pipas, Ford's U.S. sales analysis manager, said the performance was pretty much what the company expected. Ford has an aging lineup and plans to unveil several important models, like the Mustang and Five Hundred, later this year.
Every Ford division posted declines for the month, except Mercury, which was up 2.4 percent from June 2003.

"We certainly expected this period to be a tough one for us," said Pipas, who also predicted a tougher few months lie ahead.

At GM, which has four new minivans and other vehicles in the pipeline, Paul Ballew, executive director of global market and industry analysis, characterized the month as "a bit disappointing . . . in relationship to the expectations heading into the month."

Only GM's Cadillac and Saab divisions reported gains for the month, of 14.0 percent and 3.2 percent, respectively, compared with June of last year.
Last month's lackluster performance leaves several automakers, especially GM and Ford, with a glut of inventory that should drive up incentives this summer.

"Incentives will be increased in July and August," the auto dealer association's Taylor predicted.

Late Thursday, Ford announced that anyone purchasing an F-150 through Ford Credit before Tuesday is eligible for an extra $1,000. The automaker also plans to unveil another incentive program Wednesday.

Several automakers and analysts said the industry is still on track for a strong year, with projected sales between 16.7 million and 17 million cars and light trucks.
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post #2 of 21 (permalink) Old 07-05-2004, 02:59 PM
 
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Quote:
At the same time DaimlerChrysler improved sales, preliminary data suggests the automaker managed to not increase its incentives as much as its competitors, said Jesse Toprak, director of pricing and market analysis for the consumer Web site Edmunds .com. That's additional positive news for Chrysler because, while incentives can encourage sales, they also eat into profits.
Yea....adaptabl response NOW


of course Suzuki's sales were way higher....they have TWO models of car....last year they had what? the swift, and thats it...now they have the Verona and the Aerio...so that isnt very astounding like hte number suggests

but Kia and Hyundai can only be said to be kicking ass...they are doing their damn good jobs
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post #3 of 21 (permalink) Old 07-05-2004, 06:19 PM
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Let me step in for adaptabl... so how is down 2% soaring... that sounds like sinking
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post #4 of 21 (permalink) Old 07-05-2004, 08:14 PM
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Originally Posted by 340duster
Yea....adaptabl response NOW


of course Suzuki's sales were way higher....they have TWO models of car....last year they had what? the swift, and thats it...now they have the Verona and the Aerio...so that isnt very astounding like hte number suggests

but Kia and Hyundai can only be said to be kicking ass...they are doing their damn good jobs

DC is blowing its load now with its new products. Once Ford and G.M release there new products. Chrysler will be back to it's old way of biger incentives. The problem is that Ford,G.M, and Chrysler continue to lose market share to Honda,Toyota and Nissan. Mitsu's sales are down the toilet.
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post #5 of 21 (permalink) Old 07-05-2004, 09:33 PM
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There are more products to come from Chrysler. Also these are the current Nissan incentives to move cars:

2004 Quest, Maxima, Titan, & Armada 1.9% APR financing for up to 60 months or up to $1,000 cash back!

2004 Sentra, Frontier, Crew Cab & Pathfinder - 0.9% APR financing for up to 60 months plus up to $1,000 cash back OR up to $3,250 Cash Back!!

2004 Murano 0.9% APR financing for 24 and 36 months and 2.9% financing for 48 and 60 months!

2003 Pathfinder, 2004 Sentra, Frontier, Xterra, Pathfinder, and 2004/2005 Altima $500 SignatureGRADUATE Customer Cash Back

2004 Altima & Xterra - 0.9% APR financing for up to 60 months OR up to $1,750 Cash Back!


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post #6 of 21 (permalink) Old 07-05-2004, 10:26 PM
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Quote:
Originally Posted by frost5466
There are more products to come from Chrysler. Also these are the current Nissan incentives to move cars:

2004 Quest, Maxima, Titan, & Armada 1.9% APR financing for up to 60 months or up to $1,000 cash back!

2004 Sentra, Frontier, Crew Cab & Pathfinder - 0.9% APR financing for up to 60 months plus up to $1,000 cash back OR up to $3,250 Cash Back!!

2004 Murano 0.9% APR financing for 24 and 36 months and 2.9% financing for 48 and 60 months!

2003 Pathfinder, 2004 Sentra, Frontier, Xterra, Pathfinder, and 2004/2005 Altima $500 SignatureGRADUATE Customer Cash Back

2004 Altima & Xterra - 0.9% APR financing for up to 60 months OR up to $1,750 Cash Back!

I would much rather be in Nissans shoes. They make good profit on each car/truck and are sitting on a load of cash with no debt and increasing market share. Thats what happen when a company focuses on it's products. The long term does not look good for Chrysler. They need to continue to release new cars and trucks every year. The design pipeline is not good for them. The 300 will not sell well after the initial "Hemi" interest dies down. They have no good small and medium size car. The minvan is getting outclassed by it's competition. The Pacifica station wagon did poorly.
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post #7 of 21 (permalink) Old 07-05-2004, 10:55 PM
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Originally Posted by adaptabl
I would much rather be in Nissans shoes. They make good profit on each car/truck and are sitting on a load of cash with no debt and increasing market share. Thats what happen when a company focuses on it's products. The long term does not look good for Chrysler. They need to continue to release new cars and trucks every year. The design pipeline is not good for them. The 300 will not sell well after the initial "Hemi" interest dies down. They have no good small and medium size car. The minvan is getting outclassed by it's competition. The Pacifica station wagon did poorly.

There is a new Midsized car on the way, a Neon replacement is on the way and they are still the sales leader for the minivans. And there is a new minivan on the way, most likely with even more features to leapfrog the competetion again. And you have no clue how the 300 is going to sell, we all don't. Time will tell, but there are variants on the way of the LX platform. You want crappy sales, go look at the Quest, Titan and Armada.

Quote:
Industry-Leading Dodge Caravan With Stow 'N Go Seating Continues Segment Leadership; Sales Rise 7 Percent

Last edited by frost5466; 07-06-2004 at 02:48 PM.
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post #8 of 21 (permalink) Old 07-06-2004, 01:47 AM
 
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Originally Posted by alderran
Let me step in for adaptabl... so how is down 2% soaring... that sounds like sinking
the down 2 percent was OVERALL for ALL manufacturers...
Quote:
In all, Chrysler Group sales were up 13.5 percent for the Chrysler brand, up 3.6 percent for Dodge and down 1.1 percent for Jeep.
that shows what the CHRYSLER GROUP did
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post #9 of 21 (permalink) Old 07-06-2004, 05:05 PM Thread Starter
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GM has some of their new product out and they're not moving at all.

The Malibu and the Maxx aren't selling. I read somewhere they had over a 200 day supply !!! The SSR isn't generating too much traffic either, as is the GTO.

Ford will do better once they get their version of the Mazda's platform.

I finally saw my first Titan today walking the greyhound.

You can get them for 17,995 with auto and cd at several Nissan dealers here. They might not give large incentives to the public but they do almost the same with dealer cash. The Titan was projected for a minimum 100k in US sales the first year. Read it at the Detroit Free Press or Automotive News a few weeks ago, they hit around 28k total since startup through this June.
the
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post #10 of 21 (permalink) Old 07-06-2004, 08:41 PM
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Originally Posted by moparman
GM has some of their new product out and they're not moving at all.

The Malibu and the Maxx aren't selling. I read somewhere they had over a 200 day supply !!! The SSR isn't generating too much traffic either, as is the GTO.

Ford will do better once they get their version of the Mazda's platform.

I finally saw my first Titan today walking the greyhound.

You can get them for 17,995 with auto and cd at several Nissan dealers here. They might not give large incentives to the public but they do almost the same with dealer cash. The Titan was projected for a minimum 100k in US sales the first year. Read it at the Detroit Free Press or Automotive News a few weeks ago, they hit around 28k total since startup through this June.
the
I am sure they are not a hit but I have seen more Titans than 300's in the Boston area....better change your glasses or maybe it's the smoke pouring out of those Camrys blinding you.
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post #11 of 21 (permalink) Old 07-06-2004, 09:21 PM
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I see tons of 300's running around here, only a few Titans though, and only one Armada I have ever seen around here, and it's always at the same animal clinic.
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post #12 of 21 (permalink) Old 07-07-2004, 12:01 AM
 
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lets see...this morning on my way to class i saw 4 300s...tonight while cruising around, i saw 7...only one of which was a Hemi...and i saw 0 Titans, and 1 QX56...
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post #13 of 21 (permalink) Old 07-07-2004, 12:35 AM
 
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I finally saw a Magnum on the road today. I like it better than the 300, except it was a very sickening vanilla/off-white color, and it was not the R/T model. I see 300's about once every 3 days now, so I guess that's up from seeing maybe one a week before. I drive 120 miles a day from the S.Shore of MA up through Boston 2, 3, sometimes 4 days a week, and I can definitely back up alderran as far as not seeing many LX cars in our area at all. I have to look at those horrendous Titan's all the time. 2 guys here at work bought them, one extended cab and one crew cab.

The difference is that the Titan is an all-new market entry for Nissan. They've never made a full-size pickup before. However, Chrysler replaced their bread-and-butter passenger car market entries, betting the whole farm on the new LX platform. Nobody could possibly convince me they've sold as many LX's since their introduction as they would have sold Intrepids, 300M's, and Concordes in that same period.
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post #14 of 21 (permalink) Old 07-07-2004, 01:06 AM
 
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no...according to national sales figures...they have sold more
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post #15 of 21 (permalink) Old 07-07-2004, 08:58 AM
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Quote:
Originally Posted by 340duster
no...according to national sales figures...they have sold more

They have shipped more.
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