Truck market may hit saturation point

Article Abstract:

Industry analysts warn that the US truck market may reach saturation point as foreign automakers prepare to invest $2 billion in US and Canadian factories. With such investments, the market is expected to be supplied with over 500,000 additional pickups, minivans and sport-utility vehicles annually by the end of 2003. Foreign-made trucks, such as those from Toyota Motor Corp, Honda Motor Co Ltd and Nissan, have increased their market share to 13.8%, compared with 9.7% in 1995.

Trucks, Light Duty, Light duty trucks

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GM to sell old truck design as new 1999 model

Article Abstract:

General Motors (GM) intends to sell old-and-new design pick-up trucks in late 1998 as new 1999 models. Automakers are allowed to do so provided that the model year used in the designation is not more than one year away. GM's marketing strategy is designed to avoid government penalties for not complying with the federally required average of 20.7 miles per gallon for trucks. The move is also partly to ensure that GM will have an adequate supply of the popular and highly profitable pick-ups to sell while its shuts factories to convert its old C/K models to the new GMT800 models.

Comment:

General Motors intends to sell old-and-new design pick-up trucks in late 1998 as new 1999 models

Marketing procedures, Trucks, Pickup, Pickup trucks

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October sales drive big plans for GM, Ford

Article Abstract:

General Motors and Ford Motor have unveiled plans to up their respective production of automobiles after realizing strong sales for the month of October 1998. General Motors, which saw its sales for October 1998 climb by 6% compared to sales in 1997 for the same period, said it will make 1.5 million vehicles in the fourth quarter of 1998, the highest number of cars that the company will ever build over a single quarter. Ford, which achieved sales growth of 2% in October 1998, said it will increase its production for the fourth quarter of 1998 by 25,000 units.

Comment:

Together w/ General Motors, unveils plans to up production of automobiles after realizing strong sales for month of October 1998

Motor Vehicles & Parts, Transportation Equipment Manufacturing, Ford Motor Co.

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