{"id":270083,"date":"2010-02-03T01:27:00","date_gmt":"2010-02-03T06:27:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/goldman-ford-and-gm-clobbering-toyota-auto-sales-2010-2"},"modified":"2010-02-03T01:27:00","modified_gmt":"2010-02-03T06:27:00","slug":"goldman-ford-and-gm-clobbering-toyota-and-set-for-huge-growth","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/270083","title":{"rendered":"Goldman: Ford And GM Clobbering Toyota And Set For Huge Growth"},"content":{"rendered":"<div style=\"float: left; padding: 15px 15px 15px 0;\">\n<script type=\"text\/javascript\">\/\/ <![CDATA[\ntweetmeme_source = 'moneygame'; tweetmeme_service = 'bit.ly';\n\/\/ ]]><\/script><br \/>\n<script src=\"http:\/\/tweetmeme.com\/i\/scripts\/button.js\" type=\"text\/javascript\"><\/script>\n<\/div>\n<p>January U.S. auto sales beat analyst expectations by 10.8 million units on a seasonally-adjusted-annual-selling-rate (SAAR) basis according to Goldman Sachs.<\/p>\n<p>Ford and GM in particular are killing it, clobbering Toyota with 34.4% and 23.5% year over year sales growth while the Japanese automaker&#8217;s sales fell 8.7%.<\/p>\n<p>Moreover, as shown below, Goldman expects substantial production increases for U.S. automakers both in 2010 (FY10E) with Ford, GM, and Chrysler ramping up output by 19 &#8211; 31%. Production growth will then continue into 2011 (FY11E). Toyota&#8217;s own-goal may have jump started a U.S. auto recovery.<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/image\/4b6913ec0000000000dae4d2-600-\/chart.png\" border=\"0\" alt=\"Chart\" width=\"600\" \/><\/p>\n<p style=\"padding-left: 30px;\"><span style=\"text-decoration: underline;\">Brian Jacoby @ Goldman:<\/span> <strong>Ford stated that most Toyota customers tend to cross-shop Honda; however, we believe that Ford and GM may see some sales benefit in coming months associated with the Toyota recall.<\/strong> We maintain our US light vehicle SAAR forecast of 12.0 and 13.0 million units in 2010 and 2011, respectively. Ford expects a US SAAR of approximately 11.5-12.5 million units in 2010, and GM revised their 2010 SAAR estimate to 11.5-12.0 million units from 11.0-12.0 million.<\/p>\n<p><em>For a cut of analysis-only like this, add my twitter: @vincefernando<\/em><\/p>\n<p><em>(Via Goldman Sachs, Credit Research: January US Auto Sales, Brian Jacoby, CFA, 2 February 2010)<\/em><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/goldman-ford-and-gm-clobbering-toyota-auto-sales-2010-2#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/ford-motor-co-reports-27b-2009-profit-first-full-year-profit-since-2005-apfn-2010-1\">Ford Back From The Dead: Reports $2.7B 2009 Profit<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/toyota-motor-reports-january-us-sales-down-87-to-98796-units-2010-2\">Battered Toyota Reports 8.7% Sales Decline From Last Year&#8217;s Horrible Numbers<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/totoya-bleeding-155-million-a-week-after-death-pedal-damage-2010-2\">Toyota&#8217;s Death Pedal Disaster Bleeding $155 Million A Week, Will Stretch For Years<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/sktZXL_qKDI\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>January U.S. auto sales beat analyst expectations by 10.8 million units on a seasonally-adjusted-annual-selling-rate (SAAR) basis according to Goldman Sachs. Ford and GM in particular are killing it, clobbering Toyota with 34.4% and 23.5% year over year sales growth while the Japanese automaker&#8217;s sales fell 8.7%. Moreover, as shown below, Goldman expects substantial production increases [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-270083","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/270083","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=270083"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/270083\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=270083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=270083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=270083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}