DETROIT -- The auto industry has undergone a dramatic shift in consumer demographics in the U.S., with affluent consumers accounting for 10% more market-share points than they did a decade ago, a General Motors Corp. executive says during a year-end sales briefing. “In general, what you find is the upper fifth of the population accounts for, depending on what quarter you’re looking at, 40% or more of new vehicle purchases,” says Paul Ballew, GM general director-market and industry ...
Premium Content (PAID Subscription Required)
"Printer-friendly" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
•Medium- andheavy-duty truck volumes
•Historical data and much more!
Current subscribers, please login or CLICK for support information.