GM: Less than 20% Market Share for May, Some Analysts say
June 02, 2008
Some analysts predict General Motors may see its share of the U.S. vehicle market slipl below 20 percent on Tuesday when the auto industry reports May vehicle sales.
However, a forecast by Edmunds.com, parent of AutoObserver, predicts GM will stay above the 20-percent mark, coming in at 20.9 percent market share for the month. GM's market share slumped to 20.8 percent in April, according to Edmunds.com's calculations.
Forecasting firm Autodata Corp. figured GM's market share in April at a record low of 20.5 percent in April and predicts its sales decline in May could be enough to pull its share below 20 percent. "That could happen very easily," Ron Pinelli, president of Autodata, a market researcher based in Woodcliff Lake, N.J., told the Wall Street Journal in Monday's edition.
At the other end of the spectrum, Edmunds.com forecasts Toyota will post record market share of 18.1 percent, up from 17.3 percent last May and 17.5 percent in April.
Posted by Michelle Krebs at 8:50 AM under Analysis , GM , Toyota | Comments (0) | digg this | Seed Newsvine
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