China Car Market: What If Everyone's Market Share Goes Up 100%
Stocks: (GM)(F)(TM)(HMC)
Toyota says that its market share in China should rise 30% next year to about 400,000 cars. Ford says its share there should double next year. It has sold 118,000 cars through October. GM says it will increase it current share in Asia from 6.5% to 10% with most of the unit increase coming in China.
None of this includes the plans of companies like Nissan, VW, or DaimlerChrysler. Not to mentions the locals.
Perhaps China is growing so fast that all of the major car companies can reach a share of 100% in the huge Asian country. But, if that doesn't work, someone is going to be disappointed.
You can count on it.
Douglas A. McIntyre can be reached at douglasamcintyre@247wallst.com. He does not own securities in companies that he writes about.
Toyota says that its market share in China should rise 30% next year to about 400,000 cars. Ford says its share there should double next year. It has sold 118,000 cars through October. GM says it will increase it current share in Asia from 6.5% to 10% with most of the unit increase coming in China.
None of this includes the plans of companies like Nissan, VW, or DaimlerChrysler. Not to mentions the locals.
Perhaps China is growing so fast that all of the major car companies can reach a share of 100% in the huge Asian country. But, if that doesn't work, someone is going to be disappointed.
You can count on it.
Douglas A. McIntyre can be reached at douglasamcintyre@247wallst.com. He does not own securities in companies that he writes about.
posted by douglas mcintyre at 3:00 PM
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