General Motors Poised For Big Industry Gains Through 2020
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By the end of this decade, the automotive industry will likely look a tad different than we know it. Analysts predict the auto sales boom to taper off after 2018, but a few select automakers are in positions to do quite well.
As reported by Autoblog, The Bank of America Merrill Lynch study, called Car Wars, looks into the future prospects of each automaker, and The General came out on top. The study noted GM’s aggressive plans to introduce all-new products and technology led other automakers, and puts it in a better position to grow in sales and market share.
GM was followed closely by Ford, Honda and FCA, while Toyota and Nissan lagged behind the industry average through the study. By 2020, 88-percent of GM sales will come from newly launched product, 86-percent for Ford, 85-percent for Honda and 84-percent for Fiat-Chrysler. Toyota sat at 79-percent, and Nissan at 76-percent. This is all derived from an average of 81-percent.
Naturally, automakers will few trucks and crossovers faired poorly, which includes European brands at 70-percent.
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