Bill Chamberlin whchamb@us.ibm.com 14 Jan
Edmunds.com, is an online resource for information on the automotive industry. Their recent press release, Edmunds.com Looks Back at 2008 and Forecasts 2009 Automotive Trends, provides a view into what 2009 will be like for automobiles.
Here are the key 2009 trends as published by Edmunds.com...
Slow Sales: It will be a car-buyer’s market for essentially every model because of relatively slow sales all year.
Incentives: Cash-strapped automakers will be more selective in their use of incentives.
Factory Shutdowns: Factories will have extended shutdowns as automakers seek to match supply with expected minimal demand.
Prices Might Increase: Transaction prices of certain models might increase as automakers make significant cuts to production, causing decreases in supply.
Brand Management: Domestic automakers will sell or eliminate brands in an effort to reduce operating expenses.
Government: Government involvement as a result of the bailout will spur faster development of alternative fuel vehicles.
Dealerships: Hundreds of dealerships will go out of business.
Custom Orders: More car-buyers will custom-order their vehicles rather than buying dealership inventory.
Small Cars: Subcompact and compact cars will continue to be popular as consumers expect gas prices to fluctuate.
Trucks: The truck market will stay flat despite impressive new model introductions.
Edmunds.com says that they expect new light vehicle sales to decrease by almost five percent in 2009. You can access the full press release here Edmunds.com Looks Back at 2008 and Forecasts 2009 Automotive Trends
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