Useless News Of The Day: Ford (F) And GM (GM) Do Well In JD Power Quality Survey

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Everyone in the car industry waits for the once-a-year JD Power Initial Quality Study to come out. The poll looks at how many defects a car has in the first 90 days after the buyer picks it up at the dealership. If the vehicle loses a wheel going of the lot, the vehicle gets a bad grade.

Most of the headlines about the survey this year are that GM (GM) and Ford (F) moved up in the study and Toyota (TM) and Honda (HMC) moved down.

The fact of the matter is that most cars and trucks are extremely well built now. More than a decade ago Detroit caught onto the notion that its products needed to work as well as imports.

The JP Power rankings are based on complaints per 100 vehicles. Toyota had 104 and Ford had 112. Although that is not a very big difference, it put the Japanese company in fourth place and the US company in the No.8 spot.

Detroit may make very good cars and trucks now, but it make too many trucks and not enough cars. With gas prices at $4 a gallon, Ford and GM can’t make any money with their current product mixes. Even if their cars got relatively poor grades in Powers, they would be better off if they didn’t sell trucks at all.

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618