Auto Industry to Remain Cutthroat in 2012 (TM) (GM) (F) (HMC)
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The automobile industry is revving up for 2012 and some auto makers have already set goals for 2012 and beyond.
Toyota Motors (NYSE: TM) expects to sell 7.9 million vehicles this year and is anticipating 8.48 million units in 2012, a 20 percent year-over-year increase. The combination of demand for Toyota vehicles which is at all-time highs and some major disruptions in the company's supply chain have led to an extreme shortage of Toyota vehicles.
Looking even farther ahead to 2013, Toyota is forecasting sales of 8.95 million. The company believes demand will continue to nearly outpace production.
Such a forecast is not good news for Volkswagen; the company is looking to sell 10 million vehicles in 2018 -- a level which would place it as the largest global automaker.
Toyota has been the leading company in the industry, taking the title from General Motors (NYSE: GM) in 2008. General Motors looks to take back the top spot in 2011 while Volkswagen looks to come in second. Ford Motor Co.’s (NYSE: F) current chief executive officer, Alan Mulally, has stated the company’s goal is not to sell the most cars, rather to sell the best cars and make maximum profit off of each.
Toyota is not the only company which has been affected by the natural disasters this year... Honda Motors (NYSE: HMC) has also felt the blow. Honda has decided to build additional plants around the world and increase its production at existing plants outside of Japan in an effort to maintain strong inventories, capture some of the rising demand in North America, and avoid the rising yen. Click here to read our full article on that.
The automotive industry will continue to be deathly competitive in 2012 and companies are pulling out all the tricks to sustain strong sales growth. With the introduction of electric cars, a whole new market has been developed and companies are vigorously trying to produce the fastest, safest, and most practical one possible.
The strengthening yen versus the dollar has not been helping Asian-based automotive companies recover, but has been great for American-based companies who have been facing tough times since 2007. Market checks indicate 2011 may become the first year since 1988 the "Detroit 3" gained market share over foreign producers.
Toyota Motors (NYSE: TM) expects to sell 7.9 million vehicles this year and is anticipating 8.48 million units in 2012, a 20 percent year-over-year increase. The combination of demand for Toyota vehicles which is at all-time highs and some major disruptions in the company's supply chain have led to an extreme shortage of Toyota vehicles.
Looking even farther ahead to 2013, Toyota is forecasting sales of 8.95 million. The company believes demand will continue to nearly outpace production.
Such a forecast is not good news for Volkswagen; the company is looking to sell 10 million vehicles in 2018 -- a level which would place it as the largest global automaker.
Toyota has been the leading company in the industry, taking the title from General Motors (NYSE: GM) in 2008. General Motors looks to take back the top spot in 2011 while Volkswagen looks to come in second. Ford Motor Co.’s (NYSE: F) current chief executive officer, Alan Mulally, has stated the company’s goal is not to sell the most cars, rather to sell the best cars and make maximum profit off of each.
Toyota is not the only company which has been affected by the natural disasters this year... Honda Motors (NYSE: HMC) has also felt the blow. Honda has decided to build additional plants around the world and increase its production at existing plants outside of Japan in an effort to maintain strong inventories, capture some of the rising demand in North America, and avoid the rising yen. Click here to read our full article on that.
The automotive industry will continue to be deathly competitive in 2012 and companies are pulling out all the tricks to sustain strong sales growth. With the introduction of electric cars, a whole new market has been developed and companies are vigorously trying to produce the fastest, safest, and most practical one possible.
The strengthening yen versus the dollar has not been helping Asian-based automotive companies recover, but has been great for American-based companies who have been facing tough times since 2007. Market checks indicate 2011 may become the first year since 1988 the "Detroit 3" gained market share over foreign producers.
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