Two critics of the auto bailout agree with the predictions that
General Motors will not be improving its U.S. market share this
Bloomberg's survey of five analysts found that
GM may end this year with 17.9 percent U.S. market share. Seton
Motley, president of Less Government, points out that is in line
with 2012 and the lowest market share for GM since before the Great
"Well, it just shows what we've been saying all along, which is
when General Motors became 'Government Motors' it stopped being a
for-profit car company and started evolving into a left-wing
ideological entity," Motley submits.
"No company on the planet -- car company or otherwise -- in 2010
had more green energy patents than GM, which has little to nothing
to do with making and manufacturing cars that people actually want
He explains that the automotive industry is long-term, so what a
company does in one year impacts business for the next few
Dan Celia, analyst and host of American Family
Radio's Financial Issues, finds the news troubling. He
adds, however, that it may not even matter.
"You have execs at General Motors making tons of money. You have
ownership of GM, partially by the unions, and you have a situation
where everything they do is totally irrelevant," Celia
"Their bottom line is irrelevant. Their market share is
irrelevant, because we already created the moral hazard with GM,
with the banks. They are free, once again, to make poor management
decisions in the way that they operate."
GM's 17.9 percent market share still remains as the biggest
market share, followed by Ford, Toyota and Chrysler, respectively.
Still, GM held 31 percent of the market in 1997.