Everyone’s doing it: that is, stating what they believe the state of the car industry in 2006. Here’s The Car Connection’s (TCC) forecast:
- Detroit continues to cut more plants while there’s a staffing shuffle among the upper management in all automakers.
- Toyota to become the world’s number one automaker.
- Decline in vehicle recalls. (Or is that the rise of “service action" bulletins?)
- Car prices rose in 2005 and will continue to do so in the new year. So look out for more
"sleight of hand" on pricing at the dealerships.
- Chrysler, the only “We’re-Not-Domestic” automaker to actually increase in market share last year, will continue to do so in 2006. (Though what’s happening with Jeep?)
- (Formerly Known as SUVs) crossovers will multiple like rabbits and outsell their lumbering predecessors.
- Nissan begins to unravel as quality issues continue to
plague the come-back kid and management returns to its traditional ways. (Ghosn, come back to Japan....)
- Oil prices will stay where they are as the oil companies lie low under all that federal (and public) scrutiny. But then….
- Demand for hybrids continues to grow despite skeptics pointing out they fail to live up to their promise.