One piece of data does not a trend make.
The University of Michigan Consumer Sentiment Poll shows a little uptick last week. But, coming in the holidays, people’s spirits many be brightening. Come the cold and Winter dark days of January and the pendulum may swing back toward despair.
Toyota (TM) has been poised to become the preeminent global car company for sometime. Its worldwide production passed GM’s (GM) in the first half of the year. It is well ahead of US rivals in next-generation hybrids. Its Prius model has sold over one million units.
Even in the US, Toyota has been a winner. Its market share is approaching 15%. Most months it sells more vehicles than Ford (F). But, it is ending up being king of the hill on top of a pile of dung.
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