Chevrolet's Malibu Sets New Record for Mid-Size Car
-
Font Size:
A Malibu is faster than a Lamborghini. Bet the house. Or in today’s environment, bet your house from 2006. The Lamborghini Gallardo goes from 0-60 in 3.95 seconds. The Chevrolet Malibu does it in 6.5 seconds. Still, the Malibu is faster. But I am not talking about mph. I am talking about shopping activity and Chevrolet has seen the Malibu go from 67,921 new vehicle prospects in October to 236,011 in December. That is an increase of 247%, becoming the number 1 shopped mid-size car three months in a row, including January. This is the first time a domestic mid-size has held the number 1 spot for three consecutive months – ever.
Last month my colleague – Powder Puff Ninny – shared that the Malibu may just be the chosen one in breaking through to import buyers of the Honda Accord and Toyota Camry. Well, before we get too far down the road let’s take a look at the quality of new vehicle prospects that Malibu is attracting. In other words, how serious are they about actually purchasing a Malibu and how does it compare to the Asian juggernauts?
Compete tracks monthly new vehicle prospects, and since the Malibu launch the results have been a proverbial hockey stick.

But, what types of new vehicle prospects are we talking about?


Since its launch, Malibu has attracted more browsers. Accord attracted browsers early in its launch and over time, by year-end, they have become more engaged. Overall, Accord has attracted more engaged new vehicle prospects than Malibu.
Is this bad? No. It does suggest, however, that the folks at GM have figured out how to entice consumers to consider the Malibu. The next step, and one that has proven difficult in the past, is to convince consumers to buy the Malibu. Only time will tell as we track this over the upcoming months. The one thing we do know for certain is you can tell all your friends that a Malibu is faster than a Lamborghini – and own a new house.
Get Seeking Alpha Free Stock Alerts by Email!
Get Free Stock Alerts by Email!
-
Editor's Picks
-
Most Popular
- The Nature of a Crowded Trade: This Time It's Housing
- American Express Calls Investment Banks' Bluff
- Japan: Recession-Bound As Exports Slow?
- iShares MSCI Mexico: Surprising Strength South of the Border
- A Fed Rate Hike Won't Solve the Current Crisis
- Understanding Metastorm's IPO as an Investment Opportunity
- Full list of Editor's Picks »
- Three Stocks To Be Held To Infinity and Beyond »
- As WaMu, Wachovia Ready Earnings, Comparisons to Wells, USB Are Telling »
- Wall Street Breakfast: Must-Know News »
- Steve Jobs' Health: A Red Herring »
- Financials: How - And When - We Reached the Bottom »
- Four Long-Term Winners Selling at Deep Discounts »
- Apple F3Q08 (Qtr End 6/28/08) Earnings Call Transcript »
- Earnings Preview: Washington Mutual »
- The Agriculture Boom Goes Bust »
- Crazy Dividends »
- Apple's a Buy Under $150 »
-
Long Ideas
-
Short Ideas
-
Cramer's Picks
- Auto Retailers' Ability to Pay Debt - What It Means
- Three Conservative Growth Industrial Picks: Adminstaff, Carlisle Companies and Illinois Tool Works
- Wait for August FFIEC Call Reports Before Taking a Long Position in Banks
- Now's the Time to Buy Something
- 3Com Corp.: Undervalued by Half
- Wachovia CEO's Insider Buying Is Another Indication of a Bottom
- Consumer Staple Stocks Are Not Always Safe Haven Investments
- The Long Case for Abbott Laboratories
- AT&T Stays Ahead of the Curve in a Dynamic Industry
- Dollar Back? - Fast Money Recap (7/23/08)
- Full list of Long Ideas »
- Collateral Damage From the War on Shorts
- Is the Gold Uptrend Over?
- Response to Raymond James' Q3 Conference Call
- eBay is a Not Com - Cramer's Lightning Round (7/23/08)
- Get True Religion - Cramer's Lightning Round (7/22/08)
- Principal Financial Group Vulnerable to Commercial Real Estate Softening?
- Increases in Shorting, Only for Some
- Is a Ban on Short Financial ETFs on the Horizon?
- Is There a More Efficient Shorting Tactic?
- Short Oil as a Long Investment
- Full list of Short Ideas »
- eBay is a Not Com - Cramer's Lightning Round (7/23/08)
- Buy Costco, Get Sirius - Cramer's Stop Trading! (7/23/08)
- Soup Target; Cramer's Mad Money (7/22/08)
- Get True Religion - Cramer's Lightning Round (7/22/08)
- Copper Down Low - Cramer's Stop Trading! (7/22/08)
- Banks Hit Bottom – Cramer’s Mad Money (7/21/08)
- Ends In X - Cramer's Stop Trading! (7/21/08)
- Great American Companies – Cramer’s Lightning Round (7/21/08)
- Market Rotation Bolsters Financials - Fast Money Recap (7/18/08)
- For Everything, Wind - Stop Trading! (7/17/08)
- Full list of Cramers Picks »
Most Popular Feeds
-
ETFs
-
US Market
-
Long Ideas
-
Alt. Energy
- Full list of feeds »
Hedge Fund Jobs
Job Seekers:
- Search jobs by category
- Get job alerts by email or live feed
- Apply online
Employers
- See all recruitment options
- Get applications online or by email



This article has 10 comments:
just too much bureaucracy.
Study after study has shown that for years there has been no appreciable difference in quality between the US manufacturers and the Japanese. "Toyota Quality" is a well cultivated myth reinforced by people who will not admit that when they bought Japanese they got no better.
Our economy is sliding into the ditch and tens of thousands of Japanese car owners are losing their homes and don't know why.
It's simple. You build wealth by making things. We have decided to have other people make things for us, so we are losing our wealth.
Now I will be flamed by the self hating Americans who will declare that all things Japanese are better. Of course they are, who wants to buy a product made by someone like you?
Meanwhile I have a 1990 Chevy out here with 250,000 miles on it and the original drive train. More American junk.
Read the latest news? Stores now want Euros instead of dollars. Keep buying Japanese, maybe someday we will qualify for foriegn aid from them.
Finally, someone's got it!
WAKE UP AMERICA!!
en
Alpha Seeker, what a risible comment. Apple is cool in their own American way. Even the Japanese can't get enough of Apple. So give GM a chance to be cool too.
Remember, Americans are the inventors of everything the Japanese have built upon. They're a society of re-engineering engineers-- which is a good thing; it's creative, but not groundbreaking.
Why would you do what the republicans want you to do? Gee, let's support the expansion of free trade and the integration of foreign markets into our economy. Sounds like a plan. So... where's my free health care? Japan doesn't seem to have a problem with that.
en
Even if some of the components in the vehicles are manufactured in the United States (air bags, etc.), the corporations that manufacture these components for the Japanese Automakers are Japanese Companies as well. Aisin, for example, is the main parts supplier to Toyota. Regardless of where these cars or components are being made, the money is still finding it's way back to Japan, and His Majesty the Emperor Akihito. The only money that stays here is the money that goes into the workers' pockets- which is great; don't get me wrong. Still, none of that money is being invested in American infrastructure nor is any money going into American Research & Development. I believe it was the Asahi Shimbun (Japanese newspaper) that had a quote in it stating that, "America is the Japanese automakers' cash-cow." We serve as their primary research entity, and they then continue to develop and redesign products from the money we give them.
The only incentives the Japanese Automakers have to produce vehicles in the United States are those that we offer them. Mid-western and Southern states have now formed a symbiotic relationship with the Japanese by offering them years and years of tax abatements to come to their state and build an auto plant. The states create jobs, and the Japanese can save money by using non-union workers and by being able to deliver the vehicles to dealers over a much shorter distance. Most recently Hyundai took advantage of this proposition in Alabama, and Kumho tires did the same in Georgia.
Granted, your cars may have lasted a long time, but please don't try to make it seem as if they are not foreign because they are. The more money that Americans spend on foreign cars, the less money that goes into American R&D for American Companies. Things can't get better without R&D-- Japanese cars are a prime example of that. But this is America, and we are free to buy what we want. It would be silly of us to implement laws like those in the EU, Japan and Korea which work to aid the selling national goods over foreign or imported items. Wouldn't it?
Arigato gozaimasu for your time.