Toyota (TM) Beats Up On Ford (F) Pick-Up
Ford’s (F) new F-150 pick-up has to do well for the car market to have any kind of real comeback in the US. It is the company’s top selling vehicle and has a high profit-per-unit. According to data out of…
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Ford’s (F) new F-150 pick-up has to do well for the car market to have any kind of real comeback in the US. It is the company’s top selling vehicle and has a high profit-per-unit.
According to data out of Texas, which is where one of every seven pick-ups in the US is sold, Toyota (TM) is making a mess of things for US car companies. Toyota full-sized pick-up Tundra’s Texas market share "soared 79 percent, while competitors’ shrank by 5 percent, said market-research firm R.L. Polk & Co."
Bloomberg writes "Ford’s F-Series fell to 31.9 percent of the Texas market through Sept. 30, down 5.5 percentage points from a year earlier, while GM’s (GM) Silverado was little changed at 26.7 percent and Dodge Ram rose 1.4 points to 19.8 percent."
If Toyota keeps it up across the country, that rebound in Ford F-150 sales may be a long time coming.
Douglas A. McIntyre
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Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.
His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.
A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
