market. By contrast, European automakers are burdened by a glut of car-building capacity while new car sales plunge to the lowest level since 1995" (Bomey 2012)
People want to have a car that shows off their status in society. No one wants to buy small" (Cha 2008)
'Carmakers too dependent on small cars and their national markets, as the French ones and Fiat, are suffering the most," said Ian Fletcher, a London-based analyst with IHS Automotive. 'They are basically trying to keep their heads out of the water'" (Ebhardt 2012)
S. dollar has also driven many foreign manufacturers to transplant themselves in the United States, including Toyota, BMW and Hyundai (Eisenstein 2012)
. Finishing just behind the Toyota Corolla, which sold 300,800 units and the Ford Focus -- which came in just behind its Japanese rival with 277,000 Focus sales -- the Prius managed to finish third with a bronze medal deserving 247,230 in total global sales" (Iliaifar 2012, Toyota)
. Finishing just behind the Toyota Corolla, which sold 300,800 units and the Ford Focus -- which came in just behind its Japanese rival with 277,000 Focus sales -- the Prius managed to finish third with a bronze medal deserving 247,230 in total global sales" (Iliaifar 2012, Toyota)
33M units in 2010, 2012, In Auto News). Ford, eager to make up the ground it has lost to its American rival, has also begun to roll out several new brands (Klayman 2012)
Only luxury brands such as Mercedes-Benz remained strong. In general, high-end consumption tends to be less affected by economic instability, given that wealthier consumers have more discretionary income, and less of that income is derived from salary (Menon 2012)
GM sales rose 59% in India, 21% in Russia and 11% in China in 2011. "Just two years ago GM's China sales were growing at an annual pace of almost 50%" but sales have been leveling (Shirouzu 2012)
"Just two years ago GM's China sales were growing at an annual pace of almost 50%" but sales have been leveling (Shirouzu 2012). One problem is that Beijing's city government has begun to more strictly limit the issuing of license plates for new cars: "it will issue a maximum of 240,000 license plates for new cars and microvans this year, about a third of the 750,000 expected for last year" to "combat congestion" (Zhang & Shirouzu 2012)
Olds, and Oldsmobile Curved Dash. Keeping in view the rapidly growing automobile industry in the country, the Federal Aid Road Act of 1916 allocated a huge amount for building roads and improving transportation infrastructure (Bigelow & Argyres, 2008)
S. customers hesitate to buy cars and other automobiles from new brands due to the lack of reliability and brand loyalty with new manufacturers (Clarke, 2007)
automotive industry are not on the bargaining edge. Therefore, they are not in a position to charge a high price for their products as it may make their customers switch to other low price suppliers (Hill & Jones, 2008)
If these low priced cars arrive in the United States market, they will pose a big threat to the automobile manufacturers that have been charging a high price for their cars. The arrival of these substitute automobiles may totally exclude the middle income group from the potential target market of the existing automobile manufacturers (McCarthy, 2007)
S. automobile industry, the customers make their purchase decisions according to certain preferences; including price, quality, performance, brand, and design of the automobiles (Morton, Silva-Risso, & Zettelmeyer, 2011)
The environmental forces which have always been impacting the business operations and profitability of automobile manufacturers will become more severe with the passage of time. The fuel and raw material prices, governmental laws and regulations, inflationary pressures, consumer preferences, and other important environmental forces will always pose critical issues and challenges to this industry (Stonehouse & Snowdon, 2007)
These new entrants try to penetrate in the industry when they find its markets attractive for their business and anticipate a sustainable future in this industry. These entrants pose big challenges for the existing businesses in maintaining their profit margins, market share, and customer base (Phadtare, 2011)
S. automotive industry to the investors and key stakeholders (Porter, 1998)
S. automotive industry to the investors and key stakeholders (Porter, 1998)
automobile manufacturers are General Motors, Chrysler, and Ford. These three manufacturers are sharing the major automobile production in the United States with some renowned multinational brands including Honda, Toyota, Nissan, BMW, Mazda, Mitsubishi, Hyundai-Kia, Subaru, and Daimler (Vlasic, 2011)