Analyze, Assess Market, Develop Marketing Strategy For Corvette

Automobile IndustryThe automobile industry is segmented into many categories of cars culmination in varied sizes , prices , styles and so forth . These include sports cars , minivans akin Nissan Note , mid-luxury cars deal Jaguar XF full sized cars like BMW7 series hot hatch sports like Mitsubishi Lancer Evolution topnotch 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 face different demand situations depending on the general economic environment and trends and preferences . turn economic conditions br are proving to be disastrous for the US market of automobiles . Twice as many people in the US are putting off car buy decisions . People are opting used cars more often immediately . The slump has clearly impacted the automobile empyrean , nonpareil of the hardest hit sectors this recession , with more than 150 ,000 job cuts world(a) .

General Motor announced curtailment of production at , at least six production plants lately . A hike in fuel prices , declining house market , extension 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 prove loss of 39 as of the year ended 2007 , which was a record for the automobile industry and the worst financial surgery in the company s magnificent history . It was mainly due(p) to huge 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: Ordercustompaper.com

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