Buyers shun GM, Chrysler as rescue draws focus

bobdoering

Stop X-bar/R Madness!!
Trusted Information Resource
#1
DETROIT (Reuters) -- Fewer new car shoppers are considering vehicles from General Motors and Chrysler LLC at a time when consumer attention is focused on their request for further U.S. government aid, according to a survey released today.

The share of car shoppers who say their primary choice would be a vehicle from one of the GM brands dropped by almost 12 percent, while the share for Chrysler dropped by a third, according to the study from CNW Research.

"There is nothing to stop the slide in intentions for those on the downside of this survey," CNW said in a monthly research note on the auto market. "But the decisions to cut back on advertising haven't helped GM or Chrysler. Nor has the talk of bankruptcy, which continues to haunt those brands."

Ford Motor Co., the only U.S. automaker not relying on emergency aid from the U.S. government, has seen a nearly 12 percent increase in the share of car shoppers who say it would be their first choice.

The CNW survey was based on responses from more than 40,000 consumers who say they intend to buy a new vehicle. The study was conducted in January and February, when GM's sales plunged by 51.1 percent and Chrysler's dropped by 49.1 percent from year-earlier levels.

Honda Motor Co. showed a 13-percent jump in its ranking as a primary choice among those who intend to buy a vehicle.

The biggest gains in the CNW survey came for South Korea's Hyundai Motor Co. and its affiliate Kia. Both brands have boosted U.S. sales this year while the overall market has fallen 39.4 percent.

The share of car shoppers who say Hyundai would be their primary choice jumped 59 percent, and Kia rose by almost 50 percent.

On a combined basis, the two Korean brands had a U.S. market share of just over 5 percent in 2008.

"Hyundai and Kia show staggering increases in future consideration," CNW said. "While that may be considered a distortion because they are starting with a low base market share, it is worthy of consideration considering how well both brands have been doing during the past rough months."

Earlier this year, Hyundai rolled out a novel incentive program that allows car buyers to return their vehicles if they lose their jobs.

GM has said it is studying the Hyundai offer and may offer a similar program of its own.

AutoNation Inc., the biggest U.S. auto retailer, said this week it would begin offering car buyers a guarantee program that will cover up to six months of payments for consumers who lose their jobs.
 
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MIREGMGR

#2
This, two days after Buick was ranked the #1 brand in the respected JDPower annual survey of owner-reported three-year vehicle dependability, along with the boutique brand Jaguar and now ahead of Lexus, the leader for several years. Buick has been in the top ten since 2003, and has been progressively moving up against tough competition.
 

Jim Wynne

Leader
Admin
#3
This, two days after Buick was ranked the #1 brand in the respected JDPower annual survey of owner-reported three-year vehicle dependability, along with the boutique brand Jaguar and now ahead of Lexus, the leader for several years. Buick has been in the top ten since 2003, and has been progressively moving up against tough competition.
Yesterday in my local paper I saw the Consumer Reports list of the top cars for 2009, in about ten different categories. Only one was from a US manufacturer--the Chevy Avalanche pickup.
 

Jen Kirley

Quality and Auditing Expert
Leader
Admin
#4
Yesterday in my local paper I saw the Consumer Reports list of the top cars for 2009, in about ten different categories. Only one was from a US manufacturer--the Chevy Avalanche pickup.
I heard a story about that, explaining that the Consumer Reports customer ratings were gathered from Consumer Reports subscribers, while JDPowers collected data from others. So there may be some skewing going on if the CR people have stopped buying American cars long enough ago to stop recognizing quality improvements that have been made in US cars in recent years.
 

Randy

Super Moderator
#5
We just bought a new 2008 Pontiac Grand Prix right off the lot sticker $32,000 and we got it for slightly over $13,000.......I don't see a problem (The car had never been sold and was just sitting around with about 200 miles on it)
 

Stijloor

Leader
Super Moderator
#6
We just bought a new 2008 Pontiac Grand Prix right off the lot sticker $32,000 and we got it for slightly over $13,000.......I don't see a problem (The car had never been sold and was just sitting around with about 200 miles on it)
Randy, did you "audit" the car? :D

Stijloor.
 

Jim Wynne

Leader
Admin
#7
I heard a story about that, explaining that the Consumer Reports customer ratings were gathered from Consumer Reports subscribers, while JDPowers collected data from others. So there may be some skewing going on if the CR people have stopped buying American cars long enough ago to stop recognizing quality improvements that have been made in US cars in recent years.
Consumer Reports does their own testing--they don't rely on reports from readers/subscribers. They also buy at retail everything they test.

Added in edit: Consumer Reports does include reports from subscribers in their criteria.
 
Last edited:

Randy

Super Moderator
#9
Randy, did you "audit" the car? :D

Stijloor.
You betcha......The sucker was as new as they come and equipped almost like a caddy.....midnight blue, tan interior, On-Star, XM, leather-heated seats, electric everything, moon roof, 4 wheel discs, dual exhaust, the good 6 banger, almost completely optioned out!

The car was for Judi....she's looking for something for me (I look great in a 'Vette);)
 

Stijloor

Leader
Super Moderator
#10
You betcha......The sucker was as new as they come and equipped almost like a caddy.....midnight blue, tan interior, On-Star, XM, leather-heated seats, electric everything, moon roof, 4 wheel discs, dual exhaust, the good 6 banger, almost completely optioned out!

The car was for Judi....she's looking for something for me (I look great in a 'Vette);)
Great! I used to own a 'vette (ahum...a Chevette...) :lol:

Stijloor.
 
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