GM, Ford, Toyota, Honda Sales Drop
“I would expect them to rebound strongly next month.”
April was such a lousy auto sales month that every major manufacturer but Chrysler reported a decrease from the same month last year. Even Toyota.
General Motors Corp., Ford Motor Co., Honda Motor Co. and Nissan Motor Corp. all showed declines as automakers released their monthly U.S. sales numbers on Tuesday, but the drop for Toyota Motor Corp. countered a nearly two-year trend of rising sales, sometimes in double digits.
Toyota sales, which include the Toyota, Lexus and Scion brands, dropped 4.4 percent to 210,457 last month from 219,965 in April 2006, the company said Tuesday. It was the first year-over-year monthly decline for Toyota since May of 2005. Read more
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#2 May 7, 2007
Remember this, in 2005 & 2006 Toyoyta had a larger number of vehicles recalled for quality issues than they made cars in those two record volume production years. These affected cars are now being considered for replacement being from two to five years old. Deffective quality is the price of exploding volume. I do not see any analyst reporting this as a possible reason for major concern at Toyota. The sludge engine debacle has Toyota very concerned. FOr the first time in 25 years they have the potential to loose long standing customers as GM did back in the 80's.
GM has finally stopped the negative cash flow with last two quarterly reports. As soon as the GM cash flow goes positive (trends say they will in the next quarter) the stock will explode. At the end of the bleeding GM still has 14 billion dollars more in cash than the stock is presently worth. Go figure????? They have a fully finded pension plan and the union and company are working much better together as both will sink (Fail) or swim (succeed) together in this contract year. My money is on GM, not Toyota.
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