|
|
|
#1
|
||||
|
||||
Sobering memo from GM...
http://phx.corporate-ir.net/phoenix.zhtml?c=84530&p=irol-SECText&TEXT=aHR0cDovL2NjYm4uMTBrd2l6YXJkLmNvbS94bWwvZmlsaW5nLnhtbD9yZXBvPXRlbmsmaXBhZ2U9NTk1NTU5NiZhdHRhY2g 9T04%3d
“We outpaced the competition with our sales results in August and September, and fell back with the industry in October. If you adjust for population growth, this is probably the worst industry sales month in the post-WWII era,”
__________________
1999 SL500 1969 280SE 2023 Ram 1500 2007 Tiara 3200 |
#2
|
||||
|
||||
Looked at the figures...other than Chevy sedans and Saab (both posting moderate losses), every other division was down 1/2 to 2/3 in sales volumes!! Scary!
__________________
2009 ML350 (106K) - Family vehicle 2001 CLK430 Cabriolet (80K) - Wife's car 2005 BMW 645CI (138K) - My daily driver 2016 Mustang (32K) - Daughter's car |
#3
|
||||
|
||||
Look further down at the trucks and suv's! Some are down over 70%!
Hummer is dead, the whole division is down just about 65%. I can't imagin its viable anymore. They cut production 25% and they are still going to be making to many cars. They really need to cut production another 25%-30%.
__________________
1999 SL500 1969 280SE 2023 Ram 1500 2007 Tiara 3200 |
#4
|
||||
|
||||
From TTAC
[The following analysis was sent to TTAC by a New York City bankruptcy lawyer who wishes to remain anonymous. It's twice as long as our usual editorial, but I think you'll find it's well worth your time. Thanks to you-know-who-you-are.] Cerberus Capital, a highly secretive NYC-based vulture investment fund, wants the U.S. government and taxpayers to bailout its failed investment in Chrysler and its failing investment in GMAC. Its partner in this raid on the US Treasury is General Motors, a woefully insolvent automobile manufacturer whose CEO is paid $40k each day. Here's why a bailout for GM and/or Chrysler is a bad idea.
Editorial: Why the GM/Cerberus/Chrysler Bailout is bad for taxpayers and doomed to fail without the benefits of a Chapter 11 filing for both Chrysler and GM Full article: http://www.thetruthaboutcars.com/editorial-why-the-gmcerberuschrysler-bailout-is-bad-for-taxpayers-and-doomed-to-fail-without-the-benefits-of-a-chapter-11-filing-for-both-chrysler-and-gm/
__________________
1991 560 SEC AMG, 199k <---- 300 hp 10:1 ECE euro HV ... 1995 E 420, 170k "The Red Plum" (sold) 2015 BMW 535i xdrive awd Stage 1 DINAN, 6k, <----364 hp 1967 Mercury Cougar, 49k 2013 Jaguar XF, 20k <----340 hp Supercharged, All Wheel Drive (sold) |
#5
|
||||
|
||||
The news isn't much better over at MBUSA this past quarter. German factories are on a 5 week "holiday" due to low demand.
|
#6
|
|||
|
|||
Quote:
The car production is down 12% YTD as compared to 2007. Hardly alarmist considering the environment. Trucks and $hitboxes are going to take it harder.......... |
#7
|
||||
|
||||
Quote:
Ha! |
#8
|
|||
|
|||
Infiniti offering 0% for 36 months on 2008s!
|
#9
|
||||
|
||||
Quote:
If you get a "good deal" on a crap car, you have..... a crap car.
__________________
1991 560 SEC AMG, 199k <---- 300 hp 10:1 ECE euro HV ... 1995 E 420, 170k "The Red Plum" (sold) 2015 BMW 535i xdrive awd Stage 1 DINAN, 6k, <----364 hp 1967 Mercury Cougar, 49k 2013 Jaguar XF, 20k <----340 hp Supercharged, All Wheel Drive (sold) |
#10
|
||||
|
||||
2008 C350 for 22k out the door....
I talked to someone at the GM/Caddy dealer. They have 3 loaded 'Sclades on their lot and have been there close to 8 months now. They are marked down like 25k now. We were looking at a new R-Class. It was like 45k, marked down from 65k.
__________________
-Justin 91 560 SEC AMG - other dogs dd 01 Honda S2000 - dogs dd 07 MB ML320 CDI - dd 16 Lexus IS250 - wifes dd it's automatic. |
#11
|
||||
|
||||
Quote:
__________________
1982 300GD Carmine Red (DB3535) Cabriolet Parting Out 1990 300SEL Smoke Silver (Parting out) 1991 350SDL Blackberry Metallic (481) "The thing is Bob, its not that I'm lazy...its that I just don't care." |
#12
|
||||
|
||||
I was thinking another G, but there were no discounts available for it.... They usually do not have any new ones sitting on their lot.
They did have a 2008 S600 marked down to 98k.
__________________
-Justin 91 560 SEC AMG - other dogs dd 01 Honda S2000 - dogs dd 07 MB ML320 CDI - dd 16 Lexus IS250 - wifes dd it's automatic. |
#13
|
|||
|
|||
Let me know when it's down to $10K..........maybe I'll think about one.
|
#14
|
|||
|
|||
My brother's M/B dealership likes to move 120 cars per month and did so all of last year.
They really felt the pinch when the monthly count dropped to about 90 cars a few months ago. That might have been tolerable...........last month (October).............the figure dropped to 53. They got cars coming out of every orifice.........and nowhere to put 'em. |
#15
|
||||
|
||||
Just think of all the pent up demand this is creating.
__________________
1999 SL500 1969 280SE 2023 Ram 1500 2007 Tiara 3200 |
Bookmarks |
Thread Tools | |
Display Modes | |
|
|