>Top three quality awards (yes, gold, silver and bronze) have gone to GM
>plants.
Wow, really. I just gave the triple platinum award to the Honda plant
so I guess that settles that.
> The top models in quality happen to be GM and 3 of the 4 top
>brands are now GM.
According to the Consumer Reports owners survey (based on about
700,000 cars) Toyota and Honda are virtually tied for best quality
honors. Looking at the 2004 results (I don't have 2005 handy) here
are the number of model years for several nameplates rating above
average, average and below average:
Total Better Ave Worse
Honda* 39 37 2 0
Acura 31 27 4 0
Buick 34 12 19 3
Cadillac 20 0 3 17
Chevrolet** 98 9 34 55
Lexus 30 28 5 0
Toyota 89 85 3 1
* excludes the Passport, an Isuzu product
** excludes Prizm and Tracker, products built by Japanese companies.
> They [GM] are coming back strong at a time when Honda is
>struggling with overproduction while quality has been dropping.
GM is so strong that their corporate bonds just got down rated to a
lower grade of junk last week.
Market Cap Recent Stock price
($ Billion) (Relative)
Honda 54 All time high
Toyota 149 Approaching all time high
GM 16 Lowest since ~1983,
about half of 1965 value.
GM lost $1.6B last quarter.
As for sales, I can only quote from the most recent sales reports:
http://quote.bloomberg.com/apps/news?pid=10000006&sid=aNEyMGdjmVfY
-- quote --
GM sales fell 24 percent, and Ford dropped 19 percent, the companies
said in statements today. Toyota Motor Corp., the No. 1 Asian
automaker, had a 10 percent increase, No. 2 Nissan Motor Co. rose 16
percent, and Honda Motor Co. advanced 12 percent. DaimlerChrysler AG's
sales of Chrysler and Mercedes-Benz vehicles were up 3.7 percent, and
Hyundai Motor Co. climbed 9.1 percent.
-- end quote --
http://quote.bloomberg.com/apps/news?pid=conewsstory&refer=conews&tkr=HMC:US&sid
=atYRaRSgiXZg
-- quote --
TORRANCE, Calif., Oct. 3 /PRNewswire/ -- Total September Honda and
Acura automobile sales increased 11.7 percent over last year to
121,163 units, and shattered the previous record of 93,779 set in
2003. Driven by September's 22.5 percent increase in Honda car sales,
American Honda's year-to-date sales continue on a record-setting pace
of 1,112,917 cars and light trucks, increasing 6.4 percent over last
year on a daily selling rate basis, putting the company in line for a
12th straight year of sales increases.
-- end quote --
Hard for Honda to overproduce in that environment, wouldn't you say?
>Honda
>engines are good, but there are more and more customer complaints.
I would ask for a source but I know that it would be fruitless.
> By
>the way, Saturn has since replaced the Honda engine in its Vue with a
>more suitable Ecotec V6.
They also replaced their CVT with a conventional transmission when it
proved to be a disaster after only a few months of sales. How big a
bath did they take on that fiasco? Meanwhile, Honda has been selling
CVTs for years with excellent reliability.
zonie - 19 Oct 2005 15:02 GMT
Thanks for putting all those figures together. The sales tell the true
story. Scott