September 24th, 2010 at 12:09pm
A Wall-Street analyst says that the Detroit automakers are a good investment. Nissan benefits from Toyota’s quality problems and surpasses them in the Chinese market. Did you know you could get free OnStar in any used GM vehicle? All that and more, plus a preview of this week’s Autoline Detroit with Edmunds.com CEO Jeremy Anwyl.
This is Autoline Daily for Friday, September 24, 2010. And now, the news.
BULLISH ON BIG THREE
Anyone who owned stock in the old GM and Chrysler were wiped out. Most investors in Ford saw their holdings decimated. But now one Wall-Street Analyst says buying stock in U.S. automakers and suppliers is a really good investment. At a meeting for the Society of Automotive Analysts yesterday Mike Ward, of Ward Transportation Research and Soleil Securities, predicted the U.S. automakers will hit record profitability over the next five years. Ward admits other analysts don’t agree with him, but he says that’s because they’ve never experienced an economic downturn in their careers before, so they’re skittish about forecasting a recovery. Here’s my translation: those young whipper snappers are just a bunch of greenhorns
FREE ONSTAR ON USED GM CARS
Did you know that if you buy a used GM car with OnStar that you can get free OnStar service for three months? On last night’s Autoline After Hours, Chris Preuss, the president of OnStar said that if you buy any used GM car with OnStar, you just have to push the blue button that activates it and they’ll walk you through the process of getting the service for free. Chris Preuss says this could help residuals for GM vehicles and that they’ll soon announce a program with the big-box retailers to start letting the public know about this.
SHOPPING FOR FORDS
According to Reuters, Ford has some more good news to report. In a recent survey released by CNW research, 29 percent of car shoppers looking to buy a new vehicle in the American market in the next six months have a Ford amongst their top-three choices. That’s up six points from last year and 10 compared to 2008. It’s the company’s best showing in the last decade, and it pushed Ford past Toyota.
NISSAN SURPASSES TOYOTA IN CHINA
And in another indication of how Toyota’s recalls and quality problems have hurt the brand, Gasgoo reports that Nissan is now the No. 1 Japanese brand in the Chinese market. Up to now Toyota was the best-selling Japanese brand in China. Nissan wants to capture 10 percent of the Chinese market.
VOLT RANGE “CLARIFIED”
The Detroit News reports that GM revised its range estimates for the Chevy Volt. The company has promised a battery-only capacity of 40 miles, but now they say it will vary anywhere from 25 to 50 miles. Quite a difference. You know, I don’t care what GM says now, they are backing off from the range they quoted two years ago. When the Volt was first announced they promised a 40-mile range, no matter if you drove on the highway or city AND they promised that this rating was very conservative. Now they’re adding all kinds of caveats for low temperatures, aggressive drivers and hilly terrain. I don’t blame them for doing it, but they are backing off the range they quoted before.
Who says you need an iPad or a smart phone to enjoy digital media? Nonsense! Volkswagen is bringing the best of the web to the print world. We found this little gem on Wired.com. In a brilliant – or maybe crazy – advertisement, Vee-Dub placed a small electronic media player in copies of the Times of India.
You know, I bet more than a few people were scared to death when they opened the paper and it started talking to them. Imagine sitting down to breakfast in the morning with a hot cup of coffee in hand. Can you say second-degree burns?
Are fleet sales as bad as they’re made out to be? Is retail the only kind of sales that should really count? More on that in a matter of seconds.
On Autoline Detroit this week one of my guests is Jeremy Anwyl, the CEO of Edmunds.com. We were talking about sales in the marketplace, and he offered up these points about fleet sales versus retail
By the way, in addition to Jeremy Anwyl from Edmunds.com, I’ve also got an interview with Tony Joseph, director for McLaren cars in North America. If you want to learn more about how McLaren wants to break into the sports car segment, there’s a lot of great information in that program. And as always you can watch this entire episode of Autoline Detroit on our website this afternoon, so check it out.
One more thing before we go. I will not be here next week because I’ll be in Europe covering the Paris Motor Show. We’ll be bringing you the latest car news from the City of Light. Stay tuned, it should be a lot of fun. Anyway, that’s it for Autoline Daily this week. Thank you for watching, I will see you in TWO weeks.