Filed under: Car Buying , Ford , GM , Honda , Jeep , Kia , Toyota , Earnings/Financials Most days, California must seem like Kazakhstan for the Big Three. Domestic products aren’t so popular out West, where Toyota and Honda have long stood atop the sales charts. But not in 2011. According to a report in Automotive News , both General Motors and Ford managed to bump Honda from its silver medal position in 2011, though Toyota still holds a commanding market share lead. In a storyline we’ve heard before, the twin natural disasters in Asia curbed Japanese production, causing a 4.5 point loss of market share. Toyota’s market share dropped from 22.8 to 19.2 percent, while GM and Ford tied at 12.6 percent – ahead of Honda at 12.1. Booming sales in the Golden State helped the domestics to their 1.8 point gain. New vehicle registrations in California were up 9.9 percent, according to the report. The biggest sales gains last year were made by Kia and Jeep , which were up 53 and 49 percent, respectively. Wagons West: Domestics picked up market share in California last year originally appeared on Autoblog on Fri, 03 Feb 2012 14:01:00 EST.
Filed under: Car Buying , Chrysler , Ford , GM , Honda , Hyundai , Kia , Toyota Domestic automakers have much to be happy about, with Chrysler , Ford and General Motors all gaining market share last year for the first time since 1988. Yet according to Bloomberg, 2012 won’t be as good to Detroit. Total sales are projected to grow from 12.8 million vehicles last year to 13.6 million, according to the report, but increasing competition from Korea and a Japanese recovery from the natural disasters of 2011 mean those extra sales aren’t likely headed to the Big Three. The news agency spoke to five analysts, and predictions have the U.S. automakers losing 1.3 percentage points this year. The analysts estimate that GM will drop 0.6 of a percent, Ford will lose 0.5 percent, and Chrysler will be down 0.2 percent. Toyota is seen gaining 0.9 percent, with Honda grabbing an extra 0.5 percent, while Hyundai and Kia are only projected to see their combined market share improve by 0.01. If all this comes true, GM would have the top market share in the U.S. at 19 percent, with Ford in second at 16.3 percent, followed by Toyota at 13.8 percent, Chrysler at 10.5 percent, and Honda at 9.5 percent. Analysts: U.S.
Filed under: Recalls , Safety , Ford , GM , Toyota Toyota launched a total of 13 recall campaigns in 2011 covering over 3.5 million vehicles. Those figures put the Japanese automaker at the top of the most-recalled list for the third year in a row, according to Ward’s Auto . Between 2009 and 2010, Toyota recalled nearly 11.5 million vehicles in North America for a variety of reasons, including troublesome floor mats and sticky accelerators tied to the company’s unintended acceleration woes. The company says that around 85 percent of vehicles involved in the pedal recall have been fixed, with lower volume models continuing to trickle into dealers. But Toyota wasn’t the only automaker with recall woes in 2011. Ford found itself in second place for the number of vehicles recalled this year with 10 campaigns covering 3.2 million vehicles. For its part, General Motors issued a total of 21 recalls, but the fixes involved far fewer vehicles: 455,901. All told, Ward’s says automakers issued 130 recalls in 2011, down from 136 campaigns in the U.S. last year. *Update: The expanded Honda airbag recall pushed the automaker past Toyota for the greatest number of recalled vehicles in 2011.
Filed under: Recalls , Safety , Ford , GM , Toyota Toyota launched a total of 13 recall campaigns in 2011 covering over 3.5 million vehicles. Those figures put the Japanese automaker at the top of the most-recalled list for the third year in a row, according to Ward’s Auto . Between 2009 and 2010, Toyota recalled nearly 11.5 million vehicles in North America for a variety of reasons, including troublesome floor mats and sticky accelerators tied to the company’s unintended acceleration woes. The company says that around 85 percent of vehicles involved in the pedal recall have been fixed, with lower volume models continuing to trickle into dealers. But Toyota wasn’t the only automaker with recall woes in 2011. Ford found itself in second place for the number of vehicles recalled this year with 10 campaigns covering 3.2 million vehicles. For its part, General Motors issued a total of 21 recalls, but the fixes involved far fewer vehicles: 455,901. All told, Ward’s says automakers issued 130 recalls in 2011, down from 136 campaigns in the U.S. last year. Toyota tops recall list again in 2011, overall number of U.S.
Filed under: Japan , Plants/Manufacturing , Toyota 2011 has been a trying year for Toyota , as the earthquake and tsunami in Japan and the flooding in Thailand have conspired to slow vehicle production and cut into profits. Toyota lowered its profit forecast after the Japan disaster, and now Automotive News reports that the automaker is once again cutting expected profits by a significant margin. Toyota has cut its forecast by 54 percent to reflect manufacturing issues resulting from the Thailand floods. The company is now expecting to make $2.3 billion in the fiscal year ending March 31. In a down economy, a profit is a profit, but this is a far cry from the $10 billion or more Toyota had been earning annually for years. The revised profit forecast is reportedly less than half of what analysts have expected. The flooding alone will reportedly account for more than $1.5 billion in lost profits. Toyota has also cut vehicle production numbers from 7.6 million vehicles to 7.38 million. While this is all bad news for Toyota, it’s safe to say that the automaker remains in pretty good shape overall. After all, the Japanese automaker has suffered through two major natural disasters in a matter of six months, and it’s still expecting a profit.
Filed under: China , GM , Toyota , Volkswagen , India For what seemed like an eternity, the title of World’s Largest Automaker belonged to General Motors . More recently, Toyota was able to wrestle the mantle away from GM as the Japanese automaker made huge gains in GM’s home country and abroad, and Volkswagen has been nipping at the two behemoth’s heels. According to Bloomberg , though, the top three are likely to see themselves reshuffled before 2011 officially draws to a close. Volkswagen, with an estimated 2011 sales tally of around 8.1 million vehicles globally (up 13 percent over 2010), is likely to earn top billing as the largest automaker in the world. General Motors, which was in the sales lead through the first half of 2011 , ought to move around 7.55 million machines (an eight-percent increase) to hold on to second place while Toyota’s estimated 7.27 million sales (a nine-percent falloff) would only be good enough for third in the global race for sales dominance. There are a number of reasons Toyota has seen its sales flounder in 2011 – most notably the disastrous earthquake and tsunami in the first quarter of the year that halted production of many of its popular models, but also due in part to lingering aftereffects of its recall-ridden history over the past few years. Company CEO Akio Toyoda has vowed to address all of these concerns. Analysts are split on predictions for 2012, with some suggesting VW will have enough momentum to hang on to its number one spot and others believing Toyota will rebound to reclaim first place in global sales. Success in emerging markets like China and India will likely be the deciding factor in sales supremacy, both in 2012 and in the years to follow. VW to pass Toyota as biggest global automaker this year?
Filed under: Car Buying , GM , Toyota , Volkswagen , Earnings/Financials Bloomberg is reporting that General Motors has taken back the crown as the world’s largest automaker. The Detroit-based company outsold Toyota through the first six months of 2011, thanks largely to the manufacturer’s production shortages brought on by this year’s earthquake and tsunami disaster in Japan. GM sold a total of 4.536 million units worldwide through June 30, Volkswagen moved 4.13 million vehicles, while Toyota numbers fell to 4.13 million units. Bloomberg reports that production at the company’s Toyota City facility plummeted by 23 percent after a full production stop following the March earthquake. Even so, Toyota says that it plans to institute an aggressive production recovery period during September, one month ahead of schedule, to help satiate demand. Those efforts still might not be enough to put the Japanese automaker ahead of Volkswagen through the remainder of 2011, however. Analysts say that’s due to the simple logistics of delivering vehicles from their production facilities to the dealerships that need them most. GM retakes World’s Largest Automaker title from Toyota thanks to quake originally appeared on Autoblog 5.0 on Fri, 05 Aug 2011 11:31:00 EST. Please see our terms for use of feeds . Permalink