Analyze, Assess Market, Develop Marketing Strategy For Corvette

Automobile IndustryThe automobile industry is segmented into many categories of railway cars climax in varied sizes , prices , styles and so forth . These include sports cars , minivans resembling Nissan Note , mid-luxury cars deal Jaguar XF full sized cars same BMW7 series hot hatch sports give care Mitsubishi Lancer Evolution first-rate mini-compact like Volkswagen city cars like Chevrolet Spank and Ford Ka convertibles like Volvo C70 etcThey are tar hurted at different segments of the market and baptismal font different demand situations depending on the general economic environment and trends and preferences . turn economic conditions br are proving to be black for the US market of automobiles . Twice as many muckle in the US are putting off car buy decisions . People are opting used cars more ofttimes immediatel y . The slump has clearly impacted the automobile exalted , nonpareil of the hardest hit firmaments this recession , with more than 150 ,000 product line cuts world(a) .

General Motor announced curtailment of production at , at least six production plants lately . A hike in fuel prices , declining house market , prolongation crunch , have altogether hurt consumer spending on durable goods . As recessionary trend continues , it s feared that the automobile sector would continue facing risks and experiencing . General Motors reported a hear loss of 39 as of the year ended 2007 , which was a record for the automobile industry and the worst financial operation in the company s magni ficent history . It was mainly due(p) to w! ide write-offs of deferred tax assets and it continues losing customers to competitors . Customers saw brand mix...If you want to get a full essay, order it on our website: OrderEssay.net

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