After GM, Ford, FCA Abandoned Cars, Toyota, Now #1 in the US, Rubs In their Monumental Blunder Publicly | Wolf Street

To please Wall Street and concentrate on the highest-profit margin trucks, SUVs, and crossovers, GM, Ford, and FCA have killed nearly all their sedan models. GM stopped taking orders for the Malibu in February. They kept their muscle cars, and Cadillac kept two models. But the whole mainstream lineup of sedans is disappearing.

Honda and other foreign automakers are still selling lots of sedans as well – many of them lower priced cars that get great gas mileage. Tesla is making the Model 3, its lowest-priced model. GM, Ford, and FCA just walked away from the market to please some analysts at Wall Street banks, which will likely go down as one of the stupidest decisions ever in automotive history.

GM, Ford, and FCA just surrendered this business to Toyota, Honda, Tesla, and the other automakers that are still making sedans. And with gas prices where they are now – $6.15 a gallon of regular at my local gas station – those cars sure come in handy. GM, Ford, and FCA may never be able to fully recover from this monumental blunder.

After GM, Ford, FCA Abandoned Cars, Toyota, Now #1 in the US, Rubs In their Monumental Blunder Publicly | Wolf Street