Welcome | View My Profile | Sign Out
MediaPost Home About MediaPost Privacy/Terms Media Kit Sitemap
Publications Home News
Online Media Daily Media Daily News Marketing Daily Mobile Marketing Daily Search Marketing Daily
Daily Feed> Email Daily Feed> Video Daily Feed> Social
Online Blogs
Online Spin Email Insider Search Insider Behavioral Insider Online Publishing Insider Mobile Insider Video Insider Gaming Insider Performance Insider Metrics Insider Social Media Insider Just An Online Minute Daily Online Examiner Raw Blog
Media Blogs
Research Brief Diane Mermigas:On Media TV Watch TV Board Magazine Rack Media Creativity Notes From the Digital Frontier Digital Outsider Mad Blog Red White and Blog
Marketing Blogs
Engage:Hispanics Engage:Kids 6-11 Engage:Moms Engage:Boomers Engage:Gen Y Engage:Teens Marketing:Green Marketing:Sports
Magazines
OMMA Magazine Media Magazine
Subscribe
Feedback Loop RSS Feeds Archives Subscribe
Dec 2 Search Insider Summit (Utah) Dec 6 Email Insider Summit (Utah) Jan 11 OMMA Agency of the Year (NYC) Jan 12 MEDIA Agency of the Year (NYC) Jan 26 OMMA Social (San Francisco) Jan 27 OMMA Performance (SF) Feb 24 OMMA Metrics Measurement (NYC) Feb 25 OMMA Behavioral (NYC) Mar 15 OMMA Global (San Francisco) Apr 14 Search Insider Summit (FL) Apr 18 Email Insider Summit (FL)
Recently Concluded Events
Nov 3 OMMA Adnets (NYC) Oct 30 OMMA Video (LA) Oct 29 OMMA Mobile (LA) Oct 29 OMMA Mobile & Video (LA) Sep 23 Creative Media Awards (NYC) Sep 23 The Future Of Media (NYC) Sep 22 Online All Stars (NYC) Sep 21 OMMA Awards (NYC) Sep 21 MediaPost Live at Advertising Week All-Access (NYC) Sep 21 OMMA Global New York (NYC)
All MediaPost/OMMA Events Event Blogging Past Event Videos
Industry Events Calendar
2010 OMMA Agency of the Year 2010 MEDIA Agency of the Year
2009 Creative Media Awards 2009 OMMA Awards 2009 Digital Out-of-Home Awards 2009 Media Agency of the Year 2009 OMMA Agency of the Year
All Awards
Employment Situations Wanted Services Offered Post a Job
Briefs Reports Online
MediaPost Directories
Mobile Insiders Group
People Finder Edit My Profile View My Profile My Contacts My Calendar
HOME • MANAGE SUBSCRIPTIONS • MEDIA KIT
Ford Posting Better Results Than Toyota In June
by Karl Greenberg, Monday, July 6, 2009, 5:00 AM

SHARE

TOOLS

RELATED ARTICLES
TAGS:  Sales, Automotive

MOST READ

cardealer These are weird times for anyone who has watched the auto industry for, say, the last decade. The last few months have been something like culture shock for those who have come to accept it as natural law that the Japanese automakers would indomitably wear away Big Three market share as surely as the rising tide dissolves even the largest sand castle.

Year after year, post-millennium auto scribes could cut and paste the following sentence into each month's sales story: "Sales are down at the Big Three while import brands make big gains in cars and crossovers." And during several months last year, Toyota outsold Ford in the U.S.

But June is the third month in a row in which Ford has sold more vehicles in the U.S. than Toyota, which is taking a big sales hit as the economy saps consumers' will to spend. Last month, Ford only posted an 11% decline to 148,153. Toyota posted a 34.6% decline to 131,654 vehicles. Except for Subaru, whose sales were up last month 3%, and for which June was its best month, Ford's comparative sales beat all other brands.

Honda's sales were off over 32%; Nissan's sales were down 23.1% versus the month last year. Hyundai Motor sales were down 24% versus the month last year. Chrysler's sales fell 42% in June versus June 2008, and General Motors posted a 33.6% decline versus June last year.

Jessica Caldwell, analyst with Edmunds.com, says Toyota is hurting for a number of reasons, including the fact that the coastal import gold mine is turning to lead, especially with California's economy on IOU support.

"California and the coastal areas have suffered in the economy," she says. "But Ford has also been coming out with guns blazing in recent months, promoting their products with positive messages, saying 'we have new technology, hybrids, the new Taurus, Mustang, the Fusion sedan gets the best fuel economy of any mid-size sedan in American.' In an industry in which there is more bad news every day -- with GM and Chrysler dealing with bankruptcy -- they are focusing on product messaging."

But the domestics are still outspending import brands on hood cash. Edmunds.com, in fact, says that incentives have never been higher, although the trend may reverse this year because automakers -- especially the domestics -- are making huge production cuts. The firm pegs auto incentive last month at $2,930 -- down $22 from May, but up 20% from the month last year. The firm says combined incentive spend for Ford, GM and Chrysler averaged $3,821, up about $95 from May; European brands spent $3,238, down $448; Japanese brands decreased spend $169 last month to $1,729; and Korean makes increased spend by $252 to $3,083 last month versus the month before. And on top of spend have been various deals offering gasoline at a stabilized price. Both Hyundai and Suzuki have offered such programs.

Caldwell says incentive spending is beginning to stabilize as automakers cut production. Ford's inventory is now down to 60 days, "which is a really healthy number even in the best of times," she says.

30 people recommend this article. 



AUTHORS

ARCHIVES

Recent Marketing Daily Articles
Post-Recession: Enjoyment Drives Behavior    
"People can be from exactly the same demographic group, yet have very different feelings and plans....
Study: Credit Card Mailings On The Rise    
"With recent green shoots of economic recovery, card issuers feel more confident about the future," says...
Mazda Plans To 'Zoom-Zoom' Past Electrics    
One strategy will involve focusing on solving gasoline-engines' weak points, such as low-RPM driving, where a...
Verizon, AT&T Feud Is Good For Business    
According to YouGovPolimetrix's BrandIndex, buzz for both companies has increased in the two weeks between Nov....
Recession Increases Affluents' Happiness Levels    
A recent Luxury Institute survey shows a rethinking, says founder/CEO Milton Pedraza. "Yes, they lost money,...
Subaru Goes Back To 'Share the Love' Well    
"If you think about the tone of the message, it was so different from everyone else's,"...
Big Apple Invites A Closer Inspection    
NYC & Company, the official marketing, tourism and partnership organization of the City of New York,...
Virgin Mobile Ads Rely On 'Chatty Cathys'    
The camera focuses on a young man sitting in a woman's boutique as his presumed girlfriend...
Chase Launches Giveaway Via Facebook    
The Chase Community Giving Facebook application encourages Facebook users to choose from more than 500,000 small...
Let's Eat: 5 Chains Target Nontraditional Retail    
The joint strategic development initiative will enable the chains to bundle and leverage their brands and...
>> Marketing Daily Archives 
ABOUT MEDIAPOST • MASTHEAD • MEDIA KIT • RSS FEEDS • PRIVACY/TERMS & CONDITIONS
©2009 MediaPost Communications. All rights reserved.
1140 Broadway, 4th Floor, New York, NY 10001
tel. 212-204-2000, fax 212-204-2038, feedback@mediapost.com