GM Prepares A Barrage Of New Cars, Hopes To Right Sinking Market Share

by Bertel Schmitt

April 30th, 2013 9:35 AM

gm prepares a barrage of new cars hopes to right sinking market share

GM’s pickup truck changeover has received all the attention of TTAC’s commentariat, but GM knows it needs more than new trucks to make up for decades of deteriorating market share. All hopes are on a wave of new showroom offerings. “Seventy percent of the automaker’s U.S. portfolio will be refreshed between the start of 2012 and the end of 2013, and 89 percent will be refreshed by 2016,” writes the Detroit News.

According to the Detroit paper, GM “says its barrage of new products should help increase its market share over the next few years.”

Michelle Krebs of Edmunds.com is not so sure, saying that GM announced an impending turn-around of its market share since the 1980s, only to lose share ever year. Krebs points to the poorly received Malibu and the stiff competition from Ford and the Japanese automakers.

Alan Batey, GM’s vice president of U.S. sales and service, promised “a gradual increase.”

Morgan Stanley analyst Adam Jonas says to keep an eye on Japanese makers who could invest savings from a weakening yen into incentives, or better equipped cars.

#BertelSchmitt #GM #MarketShare

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5 of 117 comments

JK43123 on Apr 30, 2013

Hopefully Buickman will do better than "Find New Roads." Oh wait, he would have to do better. John

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- APaGttH on Apr 30, 2013
  
  Yes, because, "Lets go places," or, "zoom, zoom," is so much better. Hypnotoad: Convinced that one thing you don't need when creating an auto company tag line - a brain
  
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- Danio3834 on May 01, 2013
  
  @APaGttH +1 All the glory to the Hypnotoad.
  
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Kyree on Apr 30, 2013

I like GM a lot, but I'll tell you what: the transaction prices on some of their cars are a lot lower than they should be...

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- Highdesertcat on May 01, 2013
  
  Not in my part of the country they're not. On trucks, yeah. All sorts of major discounts on fullsize GM trucks. Right now it is $10,500 in total savings off any 2013 GM fullsize truck in stock, but you have to finance, and you get two years of free maintenance. Just trying to move that metal since Ford is clearly the best seller in this region. But the rest of the GM fleet? Pretty pricey. Enclave, Acadia, Malibu, Cruze, Terrain -- pretty pricey. Lots of GM dealer ads in newspapers but what really sells, and sells well in this region are Toyota products, Honda, Nissan, Hyundai and Kia, and of course, Ford trucks. Things could be different in other regions. I wonder if regional sales data is easily accessible. I checked the WSJ, Automotive News and a few other sites and could not find anything on regional sales for GM.
  
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