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November Auto Sales Preview: Large Vehicles Up, Compacts Down; Toyota Takes #2 Spot in Market Share

18 November 2005

J. D. Power’s Information Network is reporting that auto sales for the first 13 days of November were down 15% versus the same period last year, according to Car Buyer’s Notebook. Compared to the disastrous results for automakers in October, when sales in the first nine days were down 33%, that’s an improvement.

But the early data reflects an increase in the sales of pickups (up 4%), SUVs (up 2%) and larger cars (up 7%). By contrast, the compact car segment is tracking down 19%.

GM, Ford and Chrysler have all just introduced year-end incentive programs, with Chrysler taking the prize for the most creative (free gas and service). (CBN) That, combined with the softening of gas prices, will likely affect sales prospects for the larger vehicles.

The J. D. Power report also indicates that Toyota has blasted past Ford in terms of market share to take the number two spot in the US market and is within one percentage point of overtaking GM.

While GM still retains the top spot with 18.8% share of the market, that is down 24% from the same period last year. Toyota now owns a 17.9% share, up from 15.4% last year. Ford is now lagging with a 15.4% retail market share. (Reuters)

November 18, 2005 in Sales | Permalink | Comments (9) | TrackBack (0)

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Comments

Yes, we need a gas tax to tell Americans that they shouldn't get stupid about fuel consumption.

Yes, I agree E-P, but the tax money shouild go only toward America's energy Independence. Which means non-fossil fuel development. Call it an Independence Tax!
an Independance from:
1) our President having to phyically hold hands WITH Royality to secure cheap oil(such an unmanly and
UNAMERICAN action. It is totally repulsive to me)
2)killing other people for energy
3) stop pollution and global warming
Need I state more?

I fully agree with EP that a significant increase in Fed. Gas Tax is the best way to provoke a sustained reduction in fuel consumption. Higher gas price worked for about one month when gas was $3 + .

It also worked in Europe, where Gas Tax is 10 times higher than in USA and 4 times higher (avg.) than in Canada. European per vehicle consumption is almost 3 times lower than in USA/CANADA

Avg. gas taxes per liter are 10.5 cents in USA, about 40 cents in Canada and $1.05 in Europe.

Avg. gas taxes per US gallon are 39.5 cents in USA, about $1,50 in Canada and almost $4 in Europe.

A progressive but robust application could be very beneficial to the ever increasing USA trade deficit and the huge federal budget deficit.

What? Not killing people is unamerican! I'm going to inform the Department of Homeland Security about this. You'll be with your fellow terrorists in Gitmo before the day is out.

Now if you'll excuse me, Pat Robertson is on the TV. I need to hear his interpretation of a 4000-year-old book so I know who else is destroying America.

I hypothesis that if the US raised gas taxes significantly that OPEC would cut prices to offset any reduction in our oil purchases from them. They want our money to pay for their secret police forces.

This was so predictable and predicted (by me) and countless others. Having auto sales being a function of the roller coaster ride that is oil and gas prices is no way to run an energy policy or an auto policy. Clearly, the masses will only react to gas prices and nothing else. That is, most of our fellow citizens give a damn about one thing, and one thing only, their pocket books.

As for free gas, that ought to be illegal.

So does that mean that Nov sales are up 4/2% over october or last Nov? The increases are vauge. Are they saying that compacts are down 20% but the others are up over their last year figures? This probably means that gas prices are too high for people on tight budgets to afford smaller cars. Trucks,SUVS, and large car sales suggest people with higher incomes are starting to purchase again.

Mr. DePlume, one thing noted over at The Oil Drum was that taxes have zero effect on consumption in a supply-limited system.  The wholesale price has no effect on production, so all they do is transfer money from the supplier to the taxing authority.  This continues until taxes increase the price enough to change the system to a demand-limited one.

The supplier is OPEC (including Wahhabi Saudi Arabia), the taxing authority is the USA.  I know who I'd rather give the money to.

Taxes could have a quicker effect on fossil fuel demand (and consumption) by applying different tax rates. For example, a progressive tax of 40 cents a gallon for biofuels and ethanol and up to $4 a gal. for gasoline/diesel.

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