Toyota is expected to pass DCX
#1
12-29-2004, 07:19 PM
Toyota is expected to pass DCX
Toyota is expected to pass DCX in U.S. by '09
GM, Ford likely to keep sales lead, says CSM Worldwide
December 29, 2004
BY JOHN PORRETTO
ASSOCIATED PRESS
Japanese automaker Toyota Motor Corp. is likely to overtake DaimlerChrysler AG as the third-leading U.S. seller of cars and light trucks by the end of the decade, a forecasting firm says.
CSM Worldwide said Tuesday its long-range forecast has Toyota, including the Lexus and Scion brands, accounting for 14.1 percent of the U.S. market by 2009, slightly ahead of DaimlerChrysler's 14 percent. The DaimlerChrysler tally includes domestic brands Chrysler, Dodge and Jeep as well as Mercedes-Benz, said Joe Barker, CSM's manager of North American sales analysis.
"Robust growth from Toyota will stem from an unrelenting product offensive, an intensified effort in the luxury market, incremental volume from Scion and strong brand equity," Barker said.
Such growth would be nothing new for Japan's No. 1 automaker, whose U.S. sales rose 6.3 percent last year and were up 9.3 percent for the first 11 months of 2004.
At the same time, General Motors Corp. and Ford Motor Co., the nation's two largest carmakers, have lost business to foreign brands despite spending far more on consumer incentives in hopes of lifting sales.
By 2009, CSM predicts GM to account for 25 percent of the U.S. market, followed by Ford at 19.2 percent -- both still well ahead of Toyota and DaimlerChrysler.
Through November, GM's total U.S. market share was 27.5 percent, Ford 19.7 percent, DaimlerChrysler 14.3 percent and Toyota 12.2 percent, the research firm Autodata Corp. reports.
Many forecasters also predict significant U.S. growth for South Korea's Hyundai and Kia in the coming years as they capitalize on much-improved quality and ever-growing product portfolios.
CSM forecasts Toyota brand sales will climb 23 percent by 2009 as its models nudge further upmarket and the company expands body-style and powertrain options. Toyota also hopes to lure truck buyers with a more expansive lineup of sport-utility vehicles and pickups, CSM said.
Toyota is set to begin building full-size pickups at a plant in San Antonio in 2006.
At Lexus, sales are projected to grow 40 percent by 2009 despite intense competition in the luxury category. CSM sees Lexus growth spawning from new nameplates and successor models that will exceed the sales level of outgoing vehicles as much as fivefold.
The forecasting firm expects sales for Scion, Toyota's youth-targeted brand, to reach 125,000 units in 2005 before stabilizing at 100,000 to 120,000 over the longer term.
Moreover, Toyota's profits have surged. In a recent research report, Standard & Poor's noted the company's operating margins for the six months ending in September were 9.6 percent, up from 9.3 percent for the year-ago period.
"Strong profitability has been maintained due to sales increases in all key global vehicle markets and ongoing cost cutting, more than offsetting the higher yen-dollar exchange rate" and other expenses, S&P said.
The Chrysler Group is the only domestic manufacturer to increase share in 2004, gaining 0.3 of a point through November on strong sales of Chrysler-brand vehicles.
Jason Vines, Chrysler's vice president of communications, said the company thinks it can pick up more. Chrysler rolled out nine new and redesigned models this year and has 16 more planned for 2005 and 2006, "and it really doesn't slow down after that," he said.
But Vines says Chrysler will not fight to stay in the top three at any cost.
"We're after profitability and shareholder value," he said. "What we don't want to do is do whatever we can just to stay in front of Toyota and lose money."
In October, Chrysler reported an operating profit of $269 million from its automotive business, marking the fifth consecutive quarterly profit for the U.S.-based division that lost $1 billion in the second quarter a year ago.
Toyota has set a global production target of 8.5 million vehicles in 2005, a level that would challenge No. 1 GM. Toyota has not announced a U.S. sales goal.
The Chicago Tribune contributed to this report.
this was from the Detroit Free Press
GM, Ford likely to keep sales lead, says CSM Worldwide
December 29, 2004
BY JOHN PORRETTO
ASSOCIATED PRESS
Japanese automaker Toyota Motor Corp. is likely to overtake DaimlerChrysler AG as the third-leading U.S. seller of cars and light trucks by the end of the decade, a forecasting firm says.
CSM Worldwide said Tuesday its long-range forecast has Toyota, including the Lexus and Scion brands, accounting for 14.1 percent of the U.S. market by 2009, slightly ahead of DaimlerChrysler's 14 percent. The DaimlerChrysler tally includes domestic brands Chrysler, Dodge and Jeep as well as Mercedes-Benz, said Joe Barker, CSM's manager of North American sales analysis.
"Robust growth from Toyota will stem from an unrelenting product offensive, an intensified effort in the luxury market, incremental volume from Scion and strong brand equity," Barker said.
Such growth would be nothing new for Japan's No. 1 automaker, whose U.S. sales rose 6.3 percent last year and were up 9.3 percent for the first 11 months of 2004.
At the same time, General Motors Corp. and Ford Motor Co., the nation's two largest carmakers, have lost business to foreign brands despite spending far more on consumer incentives in hopes of lifting sales.
By 2009, CSM predicts GM to account for 25 percent of the U.S. market, followed by Ford at 19.2 percent -- both still well ahead of Toyota and DaimlerChrysler.
Through November, GM's total U.S. market share was 27.5 percent, Ford 19.7 percent, DaimlerChrysler 14.3 percent and Toyota 12.2 percent, the research firm Autodata Corp. reports.
Many forecasters also predict significant U.S. growth for South Korea's Hyundai and Kia in the coming years as they capitalize on much-improved quality and ever-growing product portfolios.
CSM forecasts Toyota brand sales will climb 23 percent by 2009 as its models nudge further upmarket and the company expands body-style and powertrain options. Toyota also hopes to lure truck buyers with a more expansive lineup of sport-utility vehicles and pickups, CSM said.
Toyota is set to begin building full-size pickups at a plant in San Antonio in 2006.
At Lexus, sales are projected to grow 40 percent by 2009 despite intense competition in the luxury category. CSM sees Lexus growth spawning from new nameplates and successor models that will exceed the sales level of outgoing vehicles as much as fivefold.
The forecasting firm expects sales for Scion, Toyota's youth-targeted brand, to reach 125,000 units in 2005 before stabilizing at 100,000 to 120,000 over the longer term.
Moreover, Toyota's profits have surged. In a recent research report, Standard & Poor's noted the company's operating margins for the six months ending in September were 9.6 percent, up from 9.3 percent for the year-ago period.
"Strong profitability has been maintained due to sales increases in all key global vehicle markets and ongoing cost cutting, more than offsetting the higher yen-dollar exchange rate" and other expenses, S&P said.
The Chrysler Group is the only domestic manufacturer to increase share in 2004, gaining 0.3 of a point through November on strong sales of Chrysler-brand vehicles.
Jason Vines, Chrysler's vice president of communications, said the company thinks it can pick up more. Chrysler rolled out nine new and redesigned models this year and has 16 more planned for 2005 and 2006, "and it really doesn't slow down after that," he said.
But Vines says Chrysler will not fight to stay in the top three at any cost.
"We're after profitability and shareholder value," he said. "What we don't want to do is do whatever we can just to stay in front of Toyota and lose money."
In October, Chrysler reported an operating profit of $269 million from its automotive business, marking the fifth consecutive quarterly profit for the U.S.-based division that lost $1 billion in the second quarter a year ago.
Toyota has set a global production target of 8.5 million vehicles in 2005, a level that would challenge No. 1 GM. Toyota has not announced a U.S. sales goal.
The Chicago Tribune contributed to this report.
this was from the Detroit Free Press
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12-29-2004, 08:18 PM
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12-30-2004, 02:43 AM
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#6
01-03-2005, 03:21 AM
RE: Toyota is expected to pass DCX
good jobs are harder to find thanks to unions. unions are the root of all evil. my theory goes, union make Americans make money, so much that company's cant afford them, so they look for cheaper labor else where. why pay more to get the same end result. we wont be if it wasn't for unions.
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01-04-2005, 02:20 AM
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RE: Toyota is expected to pass DCX
Nickolas, most jobs are not union. Why is it all the forgien car makers over here can pay the same as the big three and still make money? Now I'm not exactly prounion myself, but they are not the primary reason why we are losing jobs. The American consumer is. If we don't care where our goods are made, and demanding lower prices with higher wages all the time we are just putting ourselves out of a job.
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