Analysts foresee lower September sales for Big 3 - DodgeIntrepid.Net Forums - Dodge Intrepid, Concorde, 300m and Eagle Vision chat
 
LinkBack Thread Tools Rate Thread Display Modes
post #1 of 6 (permalink) Old 10-01-2005, 02:31 PM Thread Starter
Intrepid Pro
 
Join Date: Jun 2001
Location: Catonsville, Md.
Posts: 3,652
Feedback: 0 / 0%
                     
Analysts foresee lower September sales for Big 3

From Automotive News:

Analysts foresee lower September sales for Big 3

By Greg Migliore
Automotive News / September 29, 2005

DETROIT -- Industry experts are forecasting a brutal hangover for the Big 3 in the final month of their employee discount incentive programs as inventories dry up and the popularity of SUVs wanes in the wake of the hurricane-inflated gasoline prices.

But propped up by gains at import automakers, September U.S. sales are expected to increase 11 percent over the year-ago month, to 1.27 million vehicles. The seasonally adjusted annualized sales rate is pegged to range between 16 million and 16.8 million units.

General Motors, which posted the most spectacular summer gains, is bearing the brunt of the slowdown. Analysts predict its September sales will be off between 16.7 percent and 30 percent, compared with September 2004.

Automakers report their September sales on Monday, Oct. 3.

Merrill Lynch analyst John Casesa says in his monthly sales outlook that GM's sales have "completely reversed course," and notes that its inventory will be about 17 percent below average for this time of year.

Ford Motor Co. also will likely take a sales hit, with forecasts for a drop ranging from a 12.6 percent to 20 percent.

The Chrysler group's sales are expected to range between flat to down 7 percent.

Burnham Securities analyst David Healy says in his monthly preview that SUVs are in a "near state of collapse" and predicts their sales will be off 25 percent to 40 percent year-over-year.

While the domestics appear to have pulled ahead sales with their employee-discount incentive programs, import automakers are in better shape.

Toyota Motor Sales U.S.A. Inc. sales are predicted to be up between 7 percent and 15 percent for September.

American Honda could see a gain of 12 percent to 13 percent for the month. Casesa says the automaker has been helped by a solid performance from the Civic, as 2005 models moved during the year-end clearance and the 2006 version arrived in showrooms on Sept. 9.

Nissan North America Inc. sales are expected to jump by 6 percent to 16 percent.
moparman is offline  
Sponsored Links
Advertisement
 
post #2 of 6 (permalink) Old 10-01-2005, 05:19 PM
 
Join Date: Aug 2005
Posts: 24
Feedback: 0 / 0%
               
Well whats the next big discount program? The big three can't sell cars and trucks without big discounts.
olderschool is offline  
post #3 of 6 (permalink) Old 10-01-2005, 06:21 PM
 
Join Date: Aug 2003
Posts: 510
Feedback: 0 / 0%
                     
Quote:
Originally Posted by olderschool
Well whats the next big discount program?
Time for buy one get one half off.:elefant:
ITrep96 is offline  
Sponsored Links
Advertisement
 
post #4 of 6 (permalink) Old 10-01-2005, 09:47 PM
 
Join Date: Aug 2005
Posts: 24
Feedback: 0 / 0%
               
Quote:
Originally Posted by ITrep96
Time for buy one get one half off.:elefant:
I would not be surprised to see that one. It would sure increase volume. Maybe buy one get one free.

I really think you will see free gas for 2 years on a 2 year lease with 0% financing. The big tree really like the 2 year leases so they can turn a buyer over sooner.
olderschool is offline  
post #5 of 6 (permalink) Old 10-02-2005, 12:44 AM
Intrepid Pro
 
dakotaquadsport's Avatar
 
Join Date: Oct 2003
Posts: 4,994
Feedback: 0 / 0%
                     
Quote:
Originally Posted by olderschool
Well whats the next big discount program? The big three can't sell cars and trucks without big discounts.
Apparently neither can anyone else, unless it's a "hot item". I went to a few dealers tonight after they were closed cross shopping a replacement for the Neon. At Mazda they had written on the window $3,000 off on all the 6's.
dakotaquadsport is offline  
post #6 of 6 (permalink) Old 10-02-2005, 12:00 PM
 
Join Date: Aug 2005
Posts: 24
Feedback: 0 / 0%
               
Quote:
Originally Posted by dakotaquadsport
Apparently neither can anyone else, unless it's a "hot item". I went to a few dealers tonight after they were closed cross shopping a replacement for the Neon. At Mazda they had written on the window $3,000 off on all the 6's.

Actually Honda,Toyota and Nissan are all expected to increase market share and continue with the record profits. Maybe is just that all there big seller cars(Accord,Camry,Altima) are in the final year before replacement that they are such "hot items". Imagine when the new models start hitting the floor in early summer.


Mazda and Mitsubishi are the weak sisters of the Japanese names with good reason.
olderschool is offline  
Sponsored Links
Advertisement
 
Reply

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the DodgeIntrepid.Net Forums - Dodge Intrepid, Concorde, 300m and Eagle Vision chat forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

Member names may only be composed of alpha-numeric characters. (A-Z and 0-9)

!!ATTENTION ADVERTISERS!! If you intend on advertising anything on this forum, whatsoever, you are required to first contact us here . Additionaly, we do NOT allow BUSINESS NAMES unless you are an Authorized Vendor. If you own a business, and want to do sales on this site via posting or private message, you will need to follow the rules. Shops, Stores, Distributors, Group Buys without being authorized will see your account terminated.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in










Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes Rate This Thread
Linear Mode Linear Mode
Rate This Thread:



Similar Threads
Thread Thread Starter Forum Replies Last Post
Canada - Big 3's Auto Sales Surge for July moparman General Discussion, other Mopar Vehicles 5 08-05-2005 02:55 PM
Chrysler Brand Year-Over-Year Sales Increase 17 Percent, Sets July Sales Record moparman General Discussion, other Mopar Vehicles 1 08-04-2004 10:57 AM
Pressure mounts on Ford, GM after weak U.S. sales moparman General Discussion, other Mopar Vehicles 8 07-06-2004 05:58 PM
Gas prices won't slow sales for SUVs moparman General Discussion, other Mopar Vehicles 8 05-29-2004 12:55 AM
Chrysler Group Reports April 2004 Sales Increased 1 Percent DMAG General Discussion, other Mopar Vehicles 4 05-05-2004 11:44 AM

Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome