More reason for Japanese Auto makers to trade Lower
Toyota Motor Corp. (7203)’s Camry and Honda Motor Co. (7267)’s Civic, the top-selling mid-size and compact cars in the U.S., face risk of reduced production as inventories of the models rise, an RBC Capital Markets report said.
Toyota’s Camry exceeded its seasonal historical average inventory by more than 15 days supply in June and Honda carried about 25 days more Civics than usual, Joseph Spak, a New York-based analyst for RBC, said in today’s report. Camry and Civic were the only models identified as at risk for reduced output among 16 of the top-selling vehicles in the U.S. market.
General Motors Co. (GM), Ford Motor Co. (F) and Chrysler Group LLC all added U.S. market share in the first six months of 2013, the first time that all three gained first-half share in 20 years. Models such as GM’s Chevrolet Cruze compact and Ford’s Fusion mid-size sedan, leading Detroit’s most competitive set of passenger cars in a generation, may need additional production to meet demand, according to RBC.
"Does GM even make any of the small cars it sells? Or does it just buy them all from Daewoo?"
Kind of a moot point Webby. Daewoo, now known as GM Korea, is 83% owned by GM, SAIC owns 10% and the remainder is owned by Daewoo creditors. Think of it as another division like Opel or Holden.
GM also makes the Sonic in MI among other places. The Spark is from GM Korea. As Jeye pointed out, the Cruze is made by GM in numerous plants around the world. GM also makes several small cars under the Opel brand as well as the Vauxhall and Holden marques.