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I know we have discussed this before but, very interesting stats here:
Whole article
https://www.hagerty.com/articles-vi...=email&utm_content=Daily_News_Thursday_Dec_19
relevant bits:
For example, if you’re wondering why Ford is largely abandoning the car business, consider that, for the first six months of 2019, the combined sales of seven Ford models of passenger cars—in current production or as existing inventory being sold down—did not add up to even half of what the Ford F-series pickup alone sold in the same period. During that stretch, Ford sold five trucks for every car it moved. Excluding sales of the Mustang, all of Ford and Lincoln’s current car line together—Fiesta, Fusion, Taurus, MKZ, Continental (Focus production ended in May 2018)—was handily outsold by the Honda Civic. At Ford, the car business is not a business, it’s an expensive hobby.
In July, BMW CEO Harald Krüger resigned after four years in the job, a relatively short tenure for chief executives at the Munich maker. Among the problems, BMW’s small-car offshoot, Mini, has been in free fall. Increasingly irate dealers—a former chairman of the dealer council is suing BMW of North America for failing to invest in Mini—managed to move only 17,583 cars. Yes, the entire Mini marque, seven distinct models, is being outsold by the Mitsubishi Outlander Sport. At least this isn’t as dire as Fiat: With 5103 sales racked up in six months, the Italian brand is being beaten in the States by the Nissan Leaf electric. Alfa isn’t doing much better, at just over 9000 cars sold.
fascinating - I would also personally comment on how quickly we forget gas at $100+ a barrel.
Whole article
https://www.hagerty.com/articles-vi...=email&utm_content=Daily_News_Thursday_Dec_19
relevant bits:
For example, if you’re wondering why Ford is largely abandoning the car business, consider that, for the first six months of 2019, the combined sales of seven Ford models of passenger cars—in current production or as existing inventory being sold down—did not add up to even half of what the Ford F-series pickup alone sold in the same period. During that stretch, Ford sold five trucks for every car it moved. Excluding sales of the Mustang, all of Ford and Lincoln’s current car line together—Fiesta, Fusion, Taurus, MKZ, Continental (Focus production ended in May 2018)—was handily outsold by the Honda Civic. At Ford, the car business is not a business, it’s an expensive hobby.
In July, BMW CEO Harald Krüger resigned after four years in the job, a relatively short tenure for chief executives at the Munich maker. Among the problems, BMW’s small-car offshoot, Mini, has been in free fall. Increasingly irate dealers—a former chairman of the dealer council is suing BMW of North America for failing to invest in Mini—managed to move only 17,583 cars. Yes, the entire Mini marque, seven distinct models, is being outsold by the Mitsubishi Outlander Sport. At least this isn’t as dire as Fiat: With 5103 sales racked up in six months, the Italian brand is being beaten in the States by the Nissan Leaf electric. Alfa isn’t doing much better, at just over 9000 cars sold.
fascinating - I would also personally comment on how quickly we forget gas at $100+ a barrel.