Report: Aging baby boom seen becoming bust for automakers

We can all see that vehicles are getting the technology that buyers want and fuel efficiency is going to be a whole lot better as well. With that being said, this study has some harsh realities for the future of the US auto market. The headline says it all but who really knows what will happen down the road?

Aging baby boom seen becoming bust for automakers

* Shifting demographics to dampen demand – report

* Growth in car-buying population to drop to 50-year low

* Industry will become more reliant on replacement sales

Read the full article here.


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Chinese auto market passes US market

The Chinese auto market passed the US market for the #1 spot in 2009 and now GM might be selling more cars in China than the US real soon. It’s called a global economy and GM appears to understand that!

From CNNMoney.com:

DETROIT (CNNMoney.com) — Chinese consumers bought more automobiles last year than Americans did for the first time. A top executive at General Motors thinks that it won’t be long before it too will sell more cars in China than in its home market.

In fact, Tim Lee, GM’s Shanghai-based president of international operations, said at the auto industry’s key trade show Tuesday that this day could come sooner rather than later.

“We did very very well,” Lee said about the company’s sales in China in 2009. “We don’t intend to stop with what we’ve done. We intend to grow.”

Read the full article here.


Photo from fOTOGLIF

  

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