Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Good News for US Automakers
Old 01-29-2012, 08:37 AM   #1
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Midpack's Avatar
 
Join Date: Jan 2008
Location: Chicagoland
Posts: 11,977
Good News for US Automakers

Not surprising, but seeing it in a graph confirms the narrative. US (and Korean) automakers are gaining share, at the expense of European and especially Japanese makers. I assume China and maybe India will establish a presence one day, but not any time soon?
Attached Images
File Type: gif 20110901-automktshares.gif (13.0 KB, 89 views)
__________________

__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57

Target AA: 60% equity funds / 35% bond funds / 5% cash
Target WR: Approx 2.5% Approx 20% SI (secure income, SS only)
Midpack is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 01-29-2012, 08:44 AM   #2
Thinks s/he gets paid by the post
 
Join Date: Feb 2008
Location: Indialantic FL
Posts: 1,200
Quote:
Originally Posted by Midpack View Post
Not surprising, but seeing it in a graph confirms the narrative. US (and Korean) automakers are gaining share, at the expense of European and especially Japanese makers. I assume China and maybe India will establish a presence one day, but not any time soon?
IMO this temporary. Basically took a natural disaster to knock Japanese makers down. US automakers have one 800 lb gorilla on their back that Asian automakers don't have (UAW). While Toyota definitely has stumbled in terms of quality and design, I wouldn't bet against them. IMO Foreign car makers will soon employ more Americans building cars than American car makers do.
__________________

__________________
JimnJana
"The four most dangerous words in investing are 'This time it's different.'" - Sir John Templeton
jimnjana is online now   Reply With Quote
Old 01-29-2012, 08:49 AM   #3
gone traveling
 
Join Date: Apr 2009
Location: Eastern PA
Posts: 3,851
Quote:
Originally Posted by jimnjana View Post
IMO Foreign car makers will soon employ more Americans building cars than American car makers do.
True. But don't forget that the total new vehicle profit still goes back to the "motherland", regardless of where the car is assembled.

Labor is only one "cost" (along with parts, plant overhead, design/management). While at least the U.S. (worker) is now better off than having the entire car built/sourced in a foreign land, as had been in the past, it is not all of the story as to the financial impact to any car (or other) manufacturer.
__________________
rescueme is offline   Reply With Quote
Old 01-29-2012, 09:00 AM   #4
Recycles dryer sheets
justplainbll's Avatar
 
Join Date: Sep 2011
Location: Easten Long Island
Posts: 414
Guess you are not referring to the 28 Jan 2012 article entitled
U.S. automakers seen losing market share in 2012 ?

U.S. automakers seen losing market share in 2012 | The News Journal | delawareonline.com
__________________
justplainbll is offline   Reply With Quote
Old 01-29-2012, 09:27 AM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Midpack's Avatar
 
Join Date: Jan 2008
Location: Chicagoland
Posts: 11,977
Quote:
Originally Posted by justplainbll View Post
Guess you are not referring to the 28 Jan 2012 article entitled
U.S. automakers seen losing market share in 2012 ?

U.S. automakers seen losing market share in 2012 | The News Journal | delawareonline.com
We know what actually did happen, but I don't pretend to know what will happen in the future.

I have learned that with little effort you can often find a convincing case for either side of any issue online these days.
U.S. Automakers Seen Continuing Global Market Share Gains Over Next Five Years, KPMG Survey Finds - MarketWatch

FWIW, the last American car I bought was in 1978, but I've never rooted against US automakers - I hope they continue to improve their competitiveness.
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57

Target AA: 60% equity funds / 35% bond funds / 5% cash
Target WR: Approx 2.5% Approx 20% SI (secure income, SS only)
Midpack is offline   Reply With Quote
Old 01-29-2012, 02:05 PM   #6
Thinks s/he gets paid by the post
 
Join Date: Feb 2008
Location: Indialantic FL
Posts: 1,200
Quote:
Originally Posted by rescueme View Post
True. But don't forget that the total new vehicle profit still goes back to the "motherland", regardless of where the car is assembled.

Labor is only one "cost" (along with parts, plant overhead, design/management). While at least the U.S. (worker) is now better off than having the entire car built/sourced in a foreign land, as had been in the past, it is not all of the story as to the financial impact to any car (or other) manufacturer.
Yes. I was only pointing out that it is more cost effective for foreign makers to build here because of non union labor costs and the relative weakness of the US dollar especially against the Yen.
__________________
JimnJana
"The four most dangerous words in investing are 'This time it's different.'" - Sir John Templeton
jimnjana is online now   Reply With Quote
Old 01-29-2012, 03:06 PM   #7
Thinks s/he gets paid by the post
 
Join Date: May 2008
Posts: 3,423
Well at least there is still a domestic car industry. There are those who believe we should have let GM and Chrysler fail, taking down the supply chain and probably hurting Ford too.

What kind of a nation would we be if we also completely off shored car production, as we've done with many other manufacturing industries?
__________________
explanade is offline   Reply With Quote
Old 01-29-2012, 09:16 PM   #8
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,617
Quote:
Originally Posted by Midpack View Post
Not surprising, but seeing it in a graph confirms the narrative. US (and Korean) automakers are gaining share, at the expense of European and especially Japanese makers. I assume China and maybe India will establish a presence one day, but not any time soon?
Would these be the Japanese makers in Kentucky or the Japanese makers in some other U.S. state? And what about the exec at a Mercedes plant in a southeast state who was almost jailed for not having his green card in his wallet?

A GM plant in Detroit will hopefully pump as much money into the local economy as the plant from some overseas company in another U.S. state. That's what I'd hope, anyway.
__________________
*
*

The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords is offline   Reply With Quote
Old 01-29-2012, 09:49 PM   #9
Thinks s/he gets paid by the post
 
Join Date: May 2008
Posts: 3,423
Quote:
Originally Posted by Nords View Post
Would these be the Japanese makers in Kentucky or the Japanese makers in some other U.S. state? And what about the exec at a Mercedes plant in a southeast state who was almost jailed for not having his green card in his wallet?
Just heard that on This American Life podcast. The state was Alabama, which passed a very restrictive anti-immigration law where every govt. employee was obliged to check the citizenship status of anyone that they dealt with.

Law was targeted for Hispanic workers (though AL only has like 4% immigration) but state officials jumped through some hoops to reassure Mercedes and Honda, whose employees were also detained, that they're welcome and wouldn't be subject to the law.

[mod edit]
__________________

__________________
explanade is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Delivering bad news michelle Health and Early Retirement 60 11-01-2011 06:02 PM
9-9-9 tax plan: Good for ER types? samclem FIRE Related Public Policy 73 10-07-2011 03:28 PM
Looking for a good reward credit card Texas Proud FIRE and Money 19 09-08-2011 10:12 AM

 

 
All times are GMT -6. The time now is 07:28 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.