As we close out this year, I know some of you are asking, "Hey Toyota Phil (a nickname a friend gave me after accusing me of giving the Japanese automaker too much praise) what do you think will happen in the auto industry next year?" Well, since you asked, and I know some of you haven't asked, here are my prognostications for 2008.
1. The big automakers will go on a global buying/alliance binge. What we've seen with Nissan/Renault buying a stake in Russia's largest automaker is just the start.
2. Classic car makes will come back with plenty of buzz.
The Ford Bullitt Mustang, and Dodge Challenger will get plenty of attention, setting the stage for the return of the Chevy Camaro in early '09
3. Smart Fortwo cars will be a smart choice on the coasts.
Yes, it will get big buzz in New York, San Francisco, and Seattle, but not in the heart of the country.