S&P 500
7,401.00
+0.91%
Dow Jones
49,665.70
+0.19%
Nasdaq 100
29,241.00
+2.43%
Russell 2000
2,860.88
+0.82%
FTSE 100
10,263.70
+0.48%
Nikkei 225
63,767.70
+2.68%

Cars and Drivers

Consumer Migration To Ford (F) Crushing GM And Chrysler

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Invalid Image
Car sales may slip over the next few months, but not every company will be affected equally. New research from ChangeWave shows that the bankruptcy and turmoil around GM and Chrysler is keeping buyers away from the brands.

 The September 22-29 ChangeWave survey of 2,025 respondents shows Ford (F) — which avoided bankruptcy and didn’t take government bailout funds — has emerged as the unequivocal winner among the big three U.S. manufacturers.

Hyundai, the South Korean company, is one of the few car companies that has reported sales growth most of this year. ChangeWave say that in terms of consumer buying plans the results show Toyota (+17) and Honda (+10) with by far the most momentum followed by Hyundai (+8) and Ford (+6). On the downside, both Chrysler (-9) and GM (-6) show negative momentum and, unless this trend is reversed, face a significant loss of market share going forward.

ChangeWave’s conclusion: “As expected, Toyota (71%) and Honda (69%) have the highest customer loyalty rates in the industry. But Ford currently ranks a surprising third, followed by Hyundai.The best that can be said for GM (53%) is it finds itself in the middle of the pack, Chrysler (28%), on the other hand, has the lowest customer loyalty rating in the industry.”

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

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.

Continue Reading

Douglas A. McIntyre |

May Auto Sales–A Stunning Victory For South Korea

Korean car companies sold 109,000 units in May,  according to car research firm Edmunds. That would put the sales of…

Douglas A. McIntyre |

Toyota Continues to Recover, Hyundai Still Lags

courtesy of Toyota Motor Corp.When Toyota Motor Corp.’s (NYSE: TM) U.S. sales collapsed four years ago, and did not make any…

Douglas A. McIntyre |

U.S. Auto Quality Crushed Again as Trend Toward Imports Returns

courtesy of The Car Spy, via Wikimedia CommonsAfter many years of quality improvement, according to most industry research, U.S. car…

Lincoln Ranks First in New Car Survey, Acura Last
Douglas A. McIntyre |

Lincoln Ranks First in New Car Survey, Acura Last

In the widely respected ACSI annual Auto Industry Customer Satisfaction Survey, Ford's small Lincoln division ranked first and Acura last.

Paul Ausick |

The Good & Bad of 8.1% December New Car Sales Growth (GM, F, HMC, TM)

New car sales in the US for December are forecast to rise 8.1%, including fleet sales, to an annual seasonally…

Douglas A. McIntyre |

What The Top-Ten Selling Cars Will Be For 2011

The auto industry went through two bruising years in 2008 and 2009 when annual domestic sales dropped to about 10…

Paul Ausick |

April New Car Sales on Track for Best Month Since 2008 (F, GM, TM, HMC, NSANY)

Auto industry research firm truecar.com released its sales and incentives forecast for April today, and the company expects the sales…

Paul Ausick |

July New Car Sales on Track for Best Since 2007

Auto industry research firm truecar.com released its sales and incentives forecast for July today, and the company expects the sales…

Paul Ausick |

November Auto Sales Keep Pace for Yearly Sales Jump to 16 Million

ThinkstockAutomakers reported November U.S. sales throughout Tuesday, and we will follow the reports and post results as they come in.…

Top Gaining Stocks

Akamai
AKAM • Vol: 21,556,944
Micron Technology
MU • Vol: 65,135,624
Intel
INTC • Vol: 227,504,426
Monster Beverage
MNST • Vol: 15,284,847
Dell Technologies
DELL • Vol: 12,167,525

Top Losing Stocks

Mettler Toledo International
MTD • Vol: 539,266
Motorola Solutions
MSI • Vol: 3,101,643
Expedia
EXPE • Vol: 4,189,786
Coterra Energy
CTRA • Vol: 73,319,495
Fidelity National Information Services
FIS • Vol: 11,468,820