Home › Forums › Financial Markets/Economics › GM massacre
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June 28, 2008 at 8:05 PM #230622June 28, 2008 at 8:27 PM #230457equalizerParticipant
American autos have gotten much better, but the stigma from low resale values hurts American auto sales.
On the bright side, while the Toyota and Honda salesman spout “these cars sell themselves with 20 awards etc”, and frown upon test drives more than 2 minutes, the American dealers insist you take the car home and show the family.
June 28, 2008 at 8:27 PM #230578equalizerParticipantAmerican autos have gotten much better, but the stigma from low resale values hurts American auto sales.
On the bright side, while the Toyota and Honda salesman spout “these cars sell themselves with 20 awards etc”, and frown upon test drives more than 2 minutes, the American dealers insist you take the car home and show the family.
June 28, 2008 at 8:27 PM #230590equalizerParticipantAmerican autos have gotten much better, but the stigma from low resale values hurts American auto sales.
On the bright side, while the Toyota and Honda salesman spout “these cars sell themselves with 20 awards etc”, and frown upon test drives more than 2 minutes, the American dealers insist you take the car home and show the family.
June 28, 2008 at 8:27 PM #230626equalizerParticipantAmerican autos have gotten much better, but the stigma from low resale values hurts American auto sales.
On the bright side, while the Toyota and Honda salesman spout “these cars sell themselves with 20 awards etc”, and frown upon test drives more than 2 minutes, the American dealers insist you take the car home and show the family.
June 28, 2008 at 8:27 PM #230640equalizerParticipantAmerican autos have gotten much better, but the stigma from low resale values hurts American auto sales.
On the bright side, while the Toyota and Honda salesman spout “these cars sell themselves with 20 awards etc”, and frown upon test drives more than 2 minutes, the American dealers insist you take the car home and show the family.
June 28, 2008 at 9:22 PM #230502CAwiremanParticipantI had consistently purchased US vechicles, nearly all GM over the last 20 years despite the repair and reliability issues that were always there.
3 years ago we bought a used Civic have had amazingly good reliability. If the US autos are starting to catch up, great. Its about time. But,
people still prefer VW, Honda, Toyota, Volvo, BMW, Mercedez for some reason….. Chrysler, Ford and GM are tough sells. And, I still maintain that they are too close to the oil companies. Much of the equipment that is assembled and sold as a US vehicle isn’t even built/manufactured in the states. So, what does built in the US really mean any longer?When the “US” vehicles are competive, the word will get out. American people want to by “American” brands, but over the years Chrysler, Ford and GM have had some serious growing pains, and again have been too close with the oil companies to really put a dent in fuel economy. The fuel economy of of Japanese vehicles has been noticably better that those of the US manufacturers over the years.
US manufacturers have done nothing but push back on Government mandates to improve fuel economy, while the Japanese manufactures have embraced them and have additionally learned to build vehicles that are more reliable. I believe that Japanese vehicles in other countries have better fuel economy than the Japanese models sold here and that its due to the US manaufactures pushing Gov regs that restrict the higher fuel economy.
GM, please make fuel efficient, relaible vehicles and I’ll start buying them again. I don’t think 10 year bumper to bumper warranty is too much to ask for. Would like a 15 year warranty. I don’t want to buy a new car every 5 years. And, if I take care of my vehichle (I had my last GM for about 14 years despite many visits to the mechanic over time and I have owned a Chevy SUV for about 6 years now and don’t plan to get rid of it until its no longer cost effective to maintain) 10 to 20 years should be no problem.
June 28, 2008 at 9:22 PM #230627CAwiremanParticipantI had consistently purchased US vechicles, nearly all GM over the last 20 years despite the repair and reliability issues that were always there.
3 years ago we bought a used Civic have had amazingly good reliability. If the US autos are starting to catch up, great. Its about time. But,
people still prefer VW, Honda, Toyota, Volvo, BMW, Mercedez for some reason….. Chrysler, Ford and GM are tough sells. And, I still maintain that they are too close to the oil companies. Much of the equipment that is assembled and sold as a US vehicle isn’t even built/manufactured in the states. So, what does built in the US really mean any longer?When the “US” vehicles are competive, the word will get out. American people want to by “American” brands, but over the years Chrysler, Ford and GM have had some serious growing pains, and again have been too close with the oil companies to really put a dent in fuel economy. The fuel economy of of Japanese vehicles has been noticably better that those of the US manufacturers over the years.
US manufacturers have done nothing but push back on Government mandates to improve fuel economy, while the Japanese manufactures have embraced them and have additionally learned to build vehicles that are more reliable. I believe that Japanese vehicles in other countries have better fuel economy than the Japanese models sold here and that its due to the US manaufactures pushing Gov regs that restrict the higher fuel economy.
GM, please make fuel efficient, relaible vehicles and I’ll start buying them again. I don’t think 10 year bumper to bumper warranty is too much to ask for. Would like a 15 year warranty. I don’t want to buy a new car every 5 years. And, if I take care of my vehichle (I had my last GM for about 14 years despite many visits to the mechanic over time and I have owned a Chevy SUV for about 6 years now and don’t plan to get rid of it until its no longer cost effective to maintain) 10 to 20 years should be no problem.
June 28, 2008 at 9:22 PM #230636CAwiremanParticipantI had consistently purchased US vechicles, nearly all GM over the last 20 years despite the repair and reliability issues that were always there.
3 years ago we bought a used Civic have had amazingly good reliability. If the US autos are starting to catch up, great. Its about time. But,
people still prefer VW, Honda, Toyota, Volvo, BMW, Mercedez for some reason….. Chrysler, Ford and GM are tough sells. And, I still maintain that they are too close to the oil companies. Much of the equipment that is assembled and sold as a US vehicle isn’t even built/manufactured in the states. So, what does built in the US really mean any longer?When the “US” vehicles are competive, the word will get out. American people want to by “American” brands, but over the years Chrysler, Ford and GM have had some serious growing pains, and again have been too close with the oil companies to really put a dent in fuel economy. The fuel economy of of Japanese vehicles has been noticably better that those of the US manufacturers over the years.
US manufacturers have done nothing but push back on Government mandates to improve fuel economy, while the Japanese manufactures have embraced them and have additionally learned to build vehicles that are more reliable. I believe that Japanese vehicles in other countries have better fuel economy than the Japanese models sold here and that its due to the US manaufactures pushing Gov regs that restrict the higher fuel economy.
GM, please make fuel efficient, relaible vehicles and I’ll start buying them again. I don’t think 10 year bumper to bumper warranty is too much to ask for. Would like a 15 year warranty. I don’t want to buy a new car every 5 years. And, if I take care of my vehichle (I had my last GM for about 14 years despite many visits to the mechanic over time and I have owned a Chevy SUV for about 6 years now and don’t plan to get rid of it until its no longer cost effective to maintain) 10 to 20 years should be no problem.
June 28, 2008 at 9:22 PM #230670CAwiremanParticipantI had consistently purchased US vechicles, nearly all GM over the last 20 years despite the repair and reliability issues that were always there.
3 years ago we bought a used Civic have had amazingly good reliability. If the US autos are starting to catch up, great. Its about time. But,
people still prefer VW, Honda, Toyota, Volvo, BMW, Mercedez for some reason….. Chrysler, Ford and GM are tough sells. And, I still maintain that they are too close to the oil companies. Much of the equipment that is assembled and sold as a US vehicle isn’t even built/manufactured in the states. So, what does built in the US really mean any longer?When the “US” vehicles are competive, the word will get out. American people want to by “American” brands, but over the years Chrysler, Ford and GM have had some serious growing pains, and again have been too close with the oil companies to really put a dent in fuel economy. The fuel economy of of Japanese vehicles has been noticably better that those of the US manufacturers over the years.
US manufacturers have done nothing but push back on Government mandates to improve fuel economy, while the Japanese manufactures have embraced them and have additionally learned to build vehicles that are more reliable. I believe that Japanese vehicles in other countries have better fuel economy than the Japanese models sold here and that its due to the US manaufactures pushing Gov regs that restrict the higher fuel economy.
GM, please make fuel efficient, relaible vehicles and I’ll start buying them again. I don’t think 10 year bumper to bumper warranty is too much to ask for. Would like a 15 year warranty. I don’t want to buy a new car every 5 years. And, if I take care of my vehichle (I had my last GM for about 14 years despite many visits to the mechanic over time and I have owned a Chevy SUV for about 6 years now and don’t plan to get rid of it until its no longer cost effective to maintain) 10 to 20 years should be no problem.
June 28, 2008 at 9:22 PM #230687CAwiremanParticipantI had consistently purchased US vechicles, nearly all GM over the last 20 years despite the repair and reliability issues that were always there.
3 years ago we bought a used Civic have had amazingly good reliability. If the US autos are starting to catch up, great. Its about time. But,
people still prefer VW, Honda, Toyota, Volvo, BMW, Mercedez for some reason….. Chrysler, Ford and GM are tough sells. And, I still maintain that they are too close to the oil companies. Much of the equipment that is assembled and sold as a US vehicle isn’t even built/manufactured in the states. So, what does built in the US really mean any longer?When the “US” vehicles are competive, the word will get out. American people want to by “American” brands, but over the years Chrysler, Ford and GM have had some serious growing pains, and again have been too close with the oil companies to really put a dent in fuel economy. The fuel economy of of Japanese vehicles has been noticably better that those of the US manufacturers over the years.
US manufacturers have done nothing but push back on Government mandates to improve fuel economy, while the Japanese manufactures have embraced them and have additionally learned to build vehicles that are more reliable. I believe that Japanese vehicles in other countries have better fuel economy than the Japanese models sold here and that its due to the US manaufactures pushing Gov regs that restrict the higher fuel economy.
GM, please make fuel efficient, relaible vehicles and I’ll start buying them again. I don’t think 10 year bumper to bumper warranty is too much to ask for. Would like a 15 year warranty. I don’t want to buy a new car every 5 years. And, if I take care of my vehichle (I had my last GM for about 14 years despite many visits to the mechanic over time and I have owned a Chevy SUV for about 6 years now and don’t plan to get rid of it until its no longer cost effective to maintain) 10 to 20 years should be no problem.
June 28, 2008 at 11:47 PM #230577RaybyrnesParticipantI agree that there a good amount of the production that is done outside the US. But rememer that the sales and profits return to the US and are taxed in the US.
Additionally remember that these compnies are mainstays of the average 401k so when ther stocks decline our portfolios take a hit aswell. All of this stuff is interrelated.
I am not pounding my chest saying buy american to be patriotic. The bottom line is that American companies should make great products and if they do Americans will buy them.
I think that American companies are beginning to make really competitive products that are definitely making me rethink the decision to only show up at Honda, Toyota or Nissan when looking for a car.
The Ford Edge very comparable to the NIssan Murana. Is costs way less and has far more financing options. If you are a business owner who has a FIN number you can factory order this for next to nothing specked out the way you want.
My take on ford and Chevy is that they are getting whacked by the Housing market. When contractors adn builders by vehicles they put in orders a year in advance. This is called a factory order. Typically they start arriving in the summer months. I am certain sales numbers are down because factory orders were way down and those who typically cycle their vehicles out on track leases are proably askeing their leasing compnaies to simply recalculate the payments for another year to minimise outgoing cashflow.
Toyota does not have a the same type of fleet program that Ford and Chevy have so were not as impacted by the Housing downturn.
June 28, 2008 at 11:47 PM #230700RaybyrnesParticipantI agree that there a good amount of the production that is done outside the US. But rememer that the sales and profits return to the US and are taxed in the US.
Additionally remember that these compnies are mainstays of the average 401k so when ther stocks decline our portfolios take a hit aswell. All of this stuff is interrelated.
I am not pounding my chest saying buy american to be patriotic. The bottom line is that American companies should make great products and if they do Americans will buy them.
I think that American companies are beginning to make really competitive products that are definitely making me rethink the decision to only show up at Honda, Toyota or Nissan when looking for a car.
The Ford Edge very comparable to the NIssan Murana. Is costs way less and has far more financing options. If you are a business owner who has a FIN number you can factory order this for next to nothing specked out the way you want.
My take on ford and Chevy is that they are getting whacked by the Housing market. When contractors adn builders by vehicles they put in orders a year in advance. This is called a factory order. Typically they start arriving in the summer months. I am certain sales numbers are down because factory orders were way down and those who typically cycle their vehicles out on track leases are proably askeing their leasing compnaies to simply recalculate the payments for another year to minimise outgoing cashflow.
Toyota does not have a the same type of fleet program that Ford and Chevy have so were not as impacted by the Housing downturn.
June 28, 2008 at 11:47 PM #230710RaybyrnesParticipantI agree that there a good amount of the production that is done outside the US. But rememer that the sales and profits return to the US and are taxed in the US.
Additionally remember that these compnies are mainstays of the average 401k so when ther stocks decline our portfolios take a hit aswell. All of this stuff is interrelated.
I am not pounding my chest saying buy american to be patriotic. The bottom line is that American companies should make great products and if they do Americans will buy them.
I think that American companies are beginning to make really competitive products that are definitely making me rethink the decision to only show up at Honda, Toyota or Nissan when looking for a car.
The Ford Edge very comparable to the NIssan Murana. Is costs way less and has far more financing options. If you are a business owner who has a FIN number you can factory order this for next to nothing specked out the way you want.
My take on ford and Chevy is that they are getting whacked by the Housing market. When contractors adn builders by vehicles they put in orders a year in advance. This is called a factory order. Typically they start arriving in the summer months. I am certain sales numbers are down because factory orders were way down and those who typically cycle their vehicles out on track leases are proably askeing their leasing compnaies to simply recalculate the payments for another year to minimise outgoing cashflow.
Toyota does not have a the same type of fleet program that Ford and Chevy have so were not as impacted by the Housing downturn.
June 28, 2008 at 11:47 PM #230746RaybyrnesParticipantI agree that there a good amount of the production that is done outside the US. But rememer that the sales and profits return to the US and are taxed in the US.
Additionally remember that these compnies are mainstays of the average 401k so when ther stocks decline our portfolios take a hit aswell. All of this stuff is interrelated.
I am not pounding my chest saying buy american to be patriotic. The bottom line is that American companies should make great products and if they do Americans will buy them.
I think that American companies are beginning to make really competitive products that are definitely making me rethink the decision to only show up at Honda, Toyota or Nissan when looking for a car.
The Ford Edge very comparable to the NIssan Murana. Is costs way less and has far more financing options. If you are a business owner who has a FIN number you can factory order this for next to nothing specked out the way you want.
My take on ford and Chevy is that they are getting whacked by the Housing market. When contractors adn builders by vehicles they put in orders a year in advance. This is called a factory order. Typically they start arriving in the summer months. I am certain sales numbers are down because factory orders were way down and those who typically cycle their vehicles out on track leases are proably askeing their leasing compnaies to simply recalculate the payments for another year to minimise outgoing cashflow.
Toyota does not have a the same type of fleet program that Ford and Chevy have so were not as impacted by the Housing downturn.
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