Toyota Beats GM in Sales
Last year first half of 2007, Toyota sold 4.5 million vehicles while General Motors came out winning selling 4.54 million vehicles. Pretty close in sales.
2008, first half the year, the numbers have arrived. Toyota automaker sold 4.8 million vehicles for the first half. That’s about a 2% increase from the same period of last year while GM sales drop 3% the first half.
With the gas price increase more consumers are staying away from the bigger trucks and SUV’s that GM is well known for. The percentage difference on Toyota’s increase and GM’s drops are somewhat related. My theory is that consumers are going after the gas saving cars that gives the more miles per gallon. GM, being a leader in sales until this half of 2008, should take different approaches to catch the consumers interest? Maybe it’s time for the engineers to start developing more smaller cars to bring out, less expensive with more miles to the gallon.
All in all the economy is not doing that horrible as critics are proclaiming. Look at the sales, they are pretty steady, meaning consumers are still spending and they are still buying new vehicles.
Great time for Auto Groups to take advantage of leads in a lead exchange. More cars to sell!
Nice post! Economy is all about the perception. If all networks on TV will start talking about how great the economy is, people will get more relaxed, perception changes and they will be spending more on cars or Starbucks
Of course, the economy is not at its best right now, but it has a lot to do with what’s being told to people.
On the other hand the gas price its very real and that hurts, so people are buying more efficient cars, or they go and buy bikes instead of cars – I’ve seen that happening.
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