Filed under: Car Buying , Ford , GM , Hyundai , Kia , Toyota , Earnings/Financials The annual “Car Wars” report by Merrill Lynch analyst John Murphy predicts that, despite their seizing of U.S. market share over the last few tumultuous years, Korean brands Hyundai and Kia will give it all back and then some to companies like Ford , General Motors and Toyota by 2016. Murphy bases his predictions not on tea leaves or crystal balls, but rather the rate at which automakers launch new products. Ford will replace 26 percent of its product line over the next four years, a number that represents 46 percent of its volume, while General Motors will replace 25 percent and Toyota 24 percent. On account of these new product launches, Murphy says Ford can expect to add 0.8 percentage points of market share, General Motors will recover 0.5 points and Toyota will add another 0.3 points. Other automakers that won’t be so aggressive in turning over their lineups with new models include Chrysler , Honda , Nissan and the European brands, which Murphy surmises will all remain flat in terms of market share. Hyundai and Kia, meanwhile, will be introducing fewer new models than the rest and therefore, Murphy predicts, will see a 0.5 decline in U.S. market share. Of course, these are all just predictions and can be blown to bits with the next unforeseen economic crisis or natural disaster, just like the last three years were. And there are other factors that might affect market share for each automaker during the next three years, including the availability of raw materials, exchange rates, union contracts, recalls and a million another minor things that might grow to become big things, not the least of which is consumers deciding they actually like all those new products being launched.
Filed under: Car Buying , Budget , Sedan , Hatchback , Chevrolet , Honda , Hyundai , Nissan , Toyota Consumer Reports has just wrapped up an evaluation of subcompact sedans, and the Kia Rio EX has rolled out ahead of the class. The four-door beat out its corporate clone, the Hyundai Accent and the Chevrolet Sonic to take the top spot. Evaluators pointed to the sharp handling and well-optioned interior in the Rio as reasons for the vehicle’s win. The newly redesigned Nissan Versa and unloved Toyota Yaris filled out the top five sedans. And what of the baby hatchbacks? CR once again credited the Honda Fit as leader of the pack, followed closely by the Versa Hatchback and Rio Hatchback. The organization found fault with the base Chevrolet Sonic’s fuel economy, and found the turbocharged LTZ model to be too expensive. Evaluators also felt the Sonic Turbo “didn’t live up to its sporty aspirations.” We’ll politely agree to disagree on that one. All of the vehicles in the evaluation are either too new or scored too low in CR evaluations to earn a coveted Recommended rating. Hit the jump for a look at the full press release and debate amongst yourselves in Comments.
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: Sedan , Hyundai , Toyota When does a mid-size sedan become a top-notch competitor to the Toyota Camry ? The answer is apparently whenever said competitor begins stealing market share from America’s top-selling sedan. Bloomberg reports that Toyota North America Chairman Yoshimi Inaba called the Hyundai Sonata “a very honorable contender in the market” during an interview earlier this week. Inaba adds that Toyota has great respect for the strong-selling Hyundai, and we’re guessing they’re not the only automaker keeping an ever closer eye on Camp Hyundai. Sales of the Sonata soared by 35 percent in 2010 to 196,623 units. Meanwhile, 2010 Camry sales dropped by 31 percent to 327,804 units. To make matters worse for Toyota and the Camry, supply disruptions stemming from the March 11 earthquake and tsunami have further hurt Camry sales while the Sonata continues to attract new buyers. In fact, the Sonata outsold the Camry in May, in part because of Toyota’s production issues. But while the Sonata has been gaining on the Camry, that trend could reverse itself with an all-new Camry set to arrive later this year. Toyota President Akio Toyoda already told U.S.
Filed under: Car Buying , Coupe , Sedan , Performance , Crossover , Acura , Dodge , GMC , Hyundai , Toyota NADA Guides Car Buyers Market Study – Click above for high-res image gallery NADA Guides has released its Quarterly Car Buyers Market Report, and six models earned the organizations Top Recommended Buys designation. The 2011 Acura TL , Dodge Challenger R/T , GMC Terrain SLE-2 , Hyundai Azera Limited , Toyota Tacoma Double Cab V6 Manual and Toyota Venza I4 AWD all made the cut. While low first-year depreciation rates factor into which vehicles win out in the report, NADA Guides also evaluates vehicles based on criteria like whether or not a model is competitively priced, is available with incentives or rebates, and dealer inventory volumes. Surprisingly enough, the 2011 Dodge Challenger R/T carried the lowest first-year depreciation rate of all the vehicles on the list. With a rate of just 8 percent, the Mopar muscle car beat out the vehicle with the next-lowest rate – the Toyota Tacoma Double Cab V6 Manual – by two percentage points. Meanwhile, the Hyundai Azera limited packed the highest depreciation rate among the vehicles on the list at 21 percent, followed by the Acura TL at 19 percent. You can check out the full report after the break . Continue reading NADAguides reveals six top auto picks based on low depreciation NADAguides reveals six top auto picks based on low depreciation originally appeared on Autoblog on Mon, 27 Jun 2011 07:58:00 EST. Please see our terms for use of feeds . Permalink
Filed under: Car Buying , Japan , Hyundai , Kia , Lexus , Toyota If forecasts from TrueCar.com are accurate, Hyundai and Kia will be the only automakers to post sales gains in the month of May. Mildly interesting news in itself, but the real shocking nugget is that the Korean conglomerate is expected to pass Toyota (including its Lexus luxury brand) as the third-best-selling automaker in the United States. Surely there are multiple reasons why Toyota and Lexus sales are expected to drop in May (when compared to April, 2011 and May of 2010), but parts and inventory shortages stemming from the devastating earthquake and subsequent tsunami in Japan are front and center. Credit also goes to Hyundai and Kia for the dramatic gains they have made on their Japanese and American competitors in the last few years, both in sales and in consumer perception. That said, Toyota seems likely to rebound in the coming months, so it will be an interesting exercise to follow the sales charts. When all the numbers finally come in, TrueCar.com expects the month of May to show an eight-percent drop in sales from April. As you would expect, shortages of cars imported from Japan is partly to blame, but lowered incentives from all automakers is also cited as a contributing factor. Hyundai/Kia will likely top Toyota/Lexus for No. 3 sales spot in May originally appeared on Autoblog on Tue, 31 May 2011 16:29:00 EST. Please see our terms for use of feeds .