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Comments
Isn't there a giant pumpkin in there somewhere?
One can hope. What I hope for is that they also have a plan B.
But The Cruze sold well without too much incentive.
Sales of Ford's Focus, which was short on inventory through much of last year, were up 114.6% and overtook the rival Chevy Cruze for the first time since the 2012 Focus arrived last April. GM's solace: Cruze sold with little incentive, while Ford discounts Focus as much as $2,000. That's about even with a year ago, but a lot for a redesigned compact.
Balance!
Regards,
OW
Might as well change GM to Chevy and call it a day. :shades:
I must give credit to GM for slowing the incentives, though.
Regards,
OW
Dunno about that.
The Camry outsold the Silverado for the first time *ever*.
Not to mention the gas price spike only happened toward the end of the month.
Actually, with huge Altima sales, I have to believe fleets are included there.
The Camry outsold the Silverado for the first time *ever*.
The Camry almost outsold everything. Silverado is old and the F150 and Ram are taking sales.
I just don't see gas prices hurting trucks much at current levels.
Actually, with huge Altima sales, I have to believe fleets are included there.
Fleet sales are definitely included in those numbers.
They just announced closing the Volt plant until late April due to excessive inventory.
Fleet sales are included. Actually, GM's Retail Sales were down 3.9% in Feb.
Retail sales were up 25% at GM. Saved them from sales losses Y/Y.
Regards,
OW
Yeah, they sold half of what they produced in Feb. :surprise:
Regards,
OW
They need to figure out a creative way to get that lease down to $299. I think a "2" in the front would be a big psychological attraction to consumers.
No that's not the real reason for the vehicle not being wide enough ... which reminds me of a game-show a local radio station used to play. It was called "Cop or NO Cop" - a caller would be selected and then guess "Yes or NO" to whether a random call to a waitress at a local donut shop inquiring if a cop was present. Most of the time I heard it there was a cop in the donut shop!
Cop.
Regards,
OW
That fleet dumping must explain the somewhat low resale value of them, then. My mother asked me to go online and look up the value of hers. I got an Edmund's TMV of $11,935 trade in, $13,271 private party, and $14,710 dealer retail.
That's for a 2008 Altima S with leather, sunroof, and alloys. I know the Camry and Accord traditionally hold their value better than the Altima, but this type of drop-off almost seems domestic-esque!
I would consider leasing a car for $299 if it stickers for $45000.
Just compared cost to own of a Leaf $41500 OTD to a Non hybrid mid sized car with an OTD price of $21500. The TCO was $1000 more for the mid-size 2.4L. About $16 a month difference over 5 yrs and 75k miles. Problem is, someone else is holding $20k more of your money with the Leaf and they are not paying you interest to do so. Next problem is that if you don't drive 75k miles in the 5 yrs, knock $500 off the $1000 of total savings for every 5000 miles you don't drive in the 5 years. So for 60,000 miles total, the Leaf has a higher TCO. Most of the savings comes from gas. Third problem, you need to recoup that $20k they have been holding so at the end of 5 yrs, you need to get almost $15k trade in for the Leaf. Good luck with that.
GM is making a Volt so that it can create a perception that it offers the best tech available. They don't care if the public rejects it. GM has an ace in the hole if gas hits $10 a gallon. Remember the wait lines to get a Prius in August 2008? They don't need to give them away. Expecting to pay $299 a month for a car that depreciates $500 a month is good from a customer perspective, but what if I owned the company and my budget director proposed such a thing? Really? Remember when Homer was cooking bacon so he could recycle the grease?
Having owned many GM models through the years, as well as Ford, Mopar, VW, Nissan, Honda, Acura, in the years I have left, I will investigate, read, explore, test drive ANY brand of vehicle to find the best value in terms of quality, reliability, style, fun to drive, etc and then will buy accordingly. If it HAPPENS to be a GM, then they will have BEST met all of my criteria at the moment.
This board is about GM. But, anyway, the housing mess has been investigated and written about extensively, including a book by renowned NY Times reporters. The Mess was mostly, MOSTLY, about left wing and Democrat policies going back to Jimmy Carter, Bill Clinton, Al Gore, Barney Frank, etc. Think CRA, Community Reinvestment Act and groups, some now extinct, that coerced banks into making bad loans.
Yes, community groups coerce the banking cartel, who for all intents and purposes control governments worldwide. Yes, of course.
I don't agree that GM doesn't care. The big miss is GM projected they'd sell over 40k units this year and it's not looking like they'll be anywhere near that considering only 1,000 sold in February. IF all GM cared about was having a high tech halo car, they wouldn't have planned on selling so many.
I think the Volt is a remarkable vehicle. I sat in one at the auto show and thought it was pretty cool. But like a lot of people, I'm not interested at current prices.
Anyway there is a lot of sunk-costs in the Volt that GM should try to recoup. They've spent a lot of R&D money, tooling at their plant and the suppliers, and their factory still has costs whether it runs or not. The only thing GM saves by shutting the Volt down for 5 weeks is the labor, and increased inventory. What GM should do from an accounting standpoint is figure out the cost in labor, utilities and materials to make a Volt. Ignore all the sunk costs in figuring out the cost of a Volt. Drop the price of the Volt to $1K over the labor+materials+utilities+costs to get the vehicle to the dealer. See what sort of sales volume that generates. Then you can determine if you have a viable business. If you get a great response have a couple of minor price increases of say $500 later in the year. And then add another $1K in 2013.
Maybe GM will recoup some investment indirectly by technology gains such as hybrid that may transfer from the Volt experience. As for pricing, I think part of the reason GM is trailing in market gains is because too many of their vehicles are over priced compared to competitors and US income levels, at least around here.
You must mean Barney Frank era. And to think it wont return. Whatever the MSM wants over on us usually goes
Call the era what you please, but the bitter losers of 08 who hold a false moral high ground today didn't exactly march in the streets against unsustainable policies back then, now did they - as they were making undeserved fortunes hand over fist, too.
Gibberish or what?
Mr Barak Obama illegally restructueed GM to the advantage of some, unions workers, and the detriment of others, bondholders.
This meddling by government has to be stopped.
POTUS simply does as his puppeteers demand. He does not have the financial wherewithal to plan a restructuring of a gigantic corporation. Let's be real.
If others benefit by meddling and are allowed access to compete in our market, we either get to do similar or not let them compete freely on our soil. Which do you choose???
Gibberish, yourself.
GM adds natural-gas option to big heavy-duty pickups
Regards,
OW
I agree about that, it's a halo car.
Unfortunately politics got in the way, and most of the press has not been positive.
It's a little ironic that the Volt ads are airing right now about putting Americans back to work while the plant is idling.
You mean I can't borrow 110% of the value of my home to buy a new Hummer?
Gotta love de-regulation.
Taxi fleets in Brazil have converted to CNG because they cost a lot less to operate, plus gas is taxed beyond oblivion and ends up costing twice what we pay.
The result are all sort of shows on cable about repo men. Gotta get busy getting all those 4x4s and jetskis back!
And that's why things were so "good" in the last decade, and really for no other reason.
I'm sure someone in China owns that jet skis now. :sick:
Some crony capitalist in China owns stock in the group that repo'd the jetski - and if we fail, so does he. Mutually assured economic destruction, thanks globalists.
Banks were forced to change their long standing lending practices and make bad loans. They were told not to worry that government would back these up. Root of this problem goes back to Jimmy Carter, Bill Clinton, Barney Frank, Community Reinvestment Act (CRA), Franklin Raines, Acorn. Read "Reckless Endangerment" by NY Times reporters, Morgenson, Rosner.
Same recklessness in mortgages as with the current Admin that meddled with GM rather than letting them go through structured bankruptcy proceedings similar to other companies such as airlines.
And of course, the taillights are a huge improvement.
You are the primary target market, a repeat buyer, that is.
I wanted to check it out at the auto show but it was locked. I'm surprised dealers have them already.
I don't trade my wife's cars 'til they approach 100K miles. Mine, I don't trade 'til I'm well past that.
I ask because, again, you're the target buyer. The new design has to please you first and foremost.