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Article: Forecast shows GM, Ford losing market share in 2007
- Article from:
- Columbia Daily Tribune
- Article date:
- December 15, 2006
CopyrightCopyright 2006 Columbia Daily Tribune. Provided by ProQuest LLC. (Hide copyright information)
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DETROIT - General Motors Corp. and Ford Motor Co. likely will lose
U.S. market share again next year while DaimlerChrysler AG and Toyota
Motor Corp. are expected to post gains, according to forecasts
released this week by CSM Worldwide.
CSM, a Northville, Mich.-based research firm, expects a tough year
in the U.S. auto market. It projects 2007 sales of 16.2 million
autos, which would be a nine-year low and less than the expected 16.4
million this year.
Vehicles are lasting longer, said Joseph Barker, CSM senior
manager for global sales forecasts. Following several years of low
financing rates and substantial rebates, many consumers also bought
up cars and trucks when they could get a good ...