GM sales down 45% for October
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Joined: Mar 2005
Posts: 3,123
From: Melbourne, Australia
I didn't know under which thread to place this post... but here goes:
Adds some perspective, dunnit? 
Post from GMI...
...I just got off the phonwith my cadillac sales guy .....no promos what so ever ...no buying promos and and no leasing at all...when I say buying there are no interest rate promos at all....I believe this is a holding pattern until the GM chrysler ...cerebus negotiations are completed .....I beleive GM made a bad deal by not controlling their own fate by selling 51% of GMAC to cerebus....now they are being held hostage on more than one front ......I still believe that cerebus true intentions are and have never been clear as to what their intentions are when they buy a company ,it seems that sooner or later it kills that compnay ....ala mervyns is it cheaper to buy the competition and then kill it....thus removing the competition by a separate form of attrition ....maybe congress should investigate the private investors in cerebus
http://www.gminsidenews.com/forums/f...p-autos-71045/
...I just got off the phonwith my cadillac sales guy .....no promos what so ever ...no buying promos and and no leasing at all...when I say buying there are no interest rate promos at all....I believe this is a holding pattern until the GM chrysler ...cerebus negotiations are completed .....I beleive GM made a bad deal by not controlling their own fate by selling 51% of GMAC to cerebus....now they are being held hostage on more than one front ......I still believe that cerebus true intentions are and have never been clear as to what their intentions are when they buy a company ,it seems that sooner or later it kills that compnay ....ala mervyns is it cheaper to buy the competition and then kill it....thus removing the competition by a separate form of attrition ....maybe congress should investigate the private investors in cerebus
http://www.gminsidenews.com/forums/f...p-autos-71045/
Registered User
Joined: Mar 2001
Posts: 13,713
From: The Golden State
No, it's really bad. The market has already fallen out beneath these cars, so we're no longer in the "steep curve" of sales decline, we're kind of at the bottom after all the other 12, 15, 20% declines over the last year. A 30%-ish drop in the remaining slice of pie is pretty significant.
And you do know that the last Chrysler Crossfire rolled off the assembly line in 2007, yes?
And you do know that the last Chrysler Crossfire rolled off the assembly line in 2007, yes?
There were 148 Grand Prixs, 13 Buick Terrazas, 2 Saturn Relays, sold last month. None are still in production.
As I said, considering how bad the market is right now (and considering unlike both Ford and GM, Chrysler no longer leases cars), Chrysler isn't that bad. One would expect a car company that's gotten as bad press that's supposedly on the verge of oblivion to be alot worse.
Ford also has a silver lining. They are still powering ahead in retail (versus fleet) sales.
By no means do I mean that things are rosy. But in a market where even Toyota and Honda are taking huge hits, on a relative basis and all things considered, Chrysler is still hanging in there. Ford a few years ago pulled out of using volume as a measurement of success and focused on making money on selling fewer vehicles, so they are still hanging on (even adding 1000 new employees to their rolls), so they are also holding.
Registered User
Joined: May 2001
Posts: 1,018
Ya, I know those are sales numbers, not production.
But when cars like the last Crossfires rolled off the line almost a year ago it's not surprising that sales numbers are past 100% over the previous year. Dealers are probably trying to get people to steal the poor things if they're still sitting on the lot. I'd imagine they're dripping with incentives.
But when cars like the last Crossfires rolled off the line almost a year ago it's not surprising that sales numbers are past 100% over the previous year. Dealers are probably trying to get people to steal the poor things if they're still sitting on the lot. I'd imagine they're dripping with incentives.
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