6. GM Exiting The Car Market
GM has never been an exciting car maker, and its passenger cars are often underwhelming. But there is still an appetite for cheap GM cars, and the company is making a mistake by exiting the market. The automaker has never fully conceded market share to Honda or Toyota in terms of the Camry or the Accord. There has always been some sort of GM offering to compete with these two companies, even if it wasn’t the best quality car.
The automaker is going to exit the passenger car market to focus on crossovers and this is the same mistake that the company made at the start of the new millennium. We can’t figure out why the company is going to make such a bad decision but Ford doing it also. GM exiting the car market is going to cause problems for consumers who want to get a domestic sedan.