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Buying American Cars What Does It Mean?

7263 messages,  Last post on May 27, 2009 at 4:31 AM

You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires

What is this discussion about? Car Buying

With parts coming from everywhere, does "Buying American" have much meaning anymore? Is quality and price the bottom line?


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#6498 of 7263
Re: Invest the difference... [parkman50] by circlew
Nov 04, 2008 (1:50 pm)
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Replying to: parkman50 (Nov 04, 2008 11:18 am)

Agreed, and since all cars are bad INVESTMENTS, getting one that is second rate hurts all the more. I won't even start with the cost of gas comparison which leads
to even more pain if you choose unwisely.
 
1. Bad Investment 2. Car is unreliable 3. Car costs more to run over time.
 
Choose wisely, grasshopper.
 
Regards,
OW
#6499 of 7263
Re: I put my money on American [captain2] by sidious6688
Nov 05, 2008 (2:57 am)
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Replying to: captain2 (Nov 04, 2008 7:28 am)

I could not have said it better.
#6500 of 7263
Re: Invest the difference... [parkman50] by captain2
Nov 05, 2008 (9:51 am)
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Replying to: parkman50 (Nov 04, 2008 11:18 am)

investing price differences certainly more fiscally responsible despite the fact that 'investing' has proven to be a great way to loose money lately just like that depreciating automobile. Very, very few of us have any sort of capability to pay cash for a car - so therefore this is all a somewhat unrealistic contention.
 But as far as cheaper being better I think you need to look over CRs reliability ratings in this Dec issue - they rate 47 cars as being 'most reliable' (based on their surveys, of course) and 40 of them are 'Japanese' primarily Hondas and Toyotas. The only American iron that even makes the list are the FoMoCo Fusion triplets made in Mexico. You can choose not to believe any of this, and then go out and buy the cheapest piece of Americana you can find - betting, of course, that the thing will run long enough for you to recover some of that investment you talk about before you have to spend it on repairs
This is what 'buying an American car' really means, even discounting the fact that fewer and fewer of them are made in this country anymore anyway..
#6501 of 7263
Re: Invest the difference... [captain2] by 62vetteefp
Nov 05, 2008 (10:27 am)
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Replying to: captain2 (Nov 05, 2008 9:51 am)

"This is what 'buying an American car' really means, even discounting the fact that fewer and fewer of them are made in this country anymore anyway.. "
 
Do you really believe this? Most all big 3 are still built in the USA with a few in Canada and Mexico. Hardly any are imported anymore (Aveo at GM soon to be built here and G8 also to be built in Canada with next version).
#6502 of 7263
Investment? by lemko
Nov 05, 2008 (10:42 am)
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Well, my "investments" are doing pretty well. My 1988 Buick Park Avenue is 21 years-old and my 1989 Cadillac Brougham is 20 years-old. My 2007 Cadillac DTS Performance and her 2005 Buick LaCrosse are also doing well.
 
Sheesh! A car is never an investment. It's just another thing you buy.
#6503 of 7263
Re: Invest the difference... [62vetteefp] by anythngbutgm
Nov 05, 2008 (11:27 am)
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Replying to: 62vetteefp (Nov 05, 2008 10:27 am)

Some people don't consider Canada or Mexico American. The money on a car built in either of these places doesn't help out the US economy any more than a vehicle built in Japan or Germany.
#6504 of 7263
Re: Invest the difference... [62vetteefp] by captain2
Nov 05, 2008 (12:05 pm)
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Replying to: 62vetteefp (Nov 05, 2008 10:27 am)

think you might want to do some checking - a quite significant portion of the Big 3s' cars are made/assembled in Canada and Mexico.
More and more of that production is moving out as UAW contracts allow for even more plant closings. Hell, Ford is actually using a good portion of the money ($23 billion) they borrowed on their 'junk' bonds largely to buy out employee contracts so they can close even more plants (14 last year) and put some more folks on the unemployment lines. In the meanwhile it is Toyota (and Honda and Nissan and even Hyundai) that are spending billions to build new plants here, thereby employing, even more Americans. Of course, not all 'American' cars are built overseas, but things have changed, are getting worse. The real reason why those Aveos you talk about can't be imported anymore is simply because the dollar is so weak., the same reason why the 'Japan 3' build plants here.
The current and forseeable financial woes of GM/Ford/Chrysler will force even more of this as those manufacturers search for some way to actually make money. If the 'Big' 3' survive, it will be because of a government intervention/bailout in the case of GM and Chrysler and possibly only as a result of Ford's rather Draconian policies in recent years. Until the point that the 'Americans' get things straightened out, the carbuyer is putting more money in more American's pockets by buying a Camry or the like. For my part, I'd much rather be sending my money into Georgetown, Kentucky for example than I would be sending it into Mexico - or even Canada.
#6505 of 7263
Re: Invest the difference... [captain2] by circlew
Nov 05, 2008 (12:32 pm)
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Replying to: captain2 (Nov 05, 2008 12:05 pm)

I think your assessment shows why the B plan should move forward instead of a merger.
 
The transformation will be far faster. Probably 50-60% of both companies products will go away either way.
 
In the meantime, the "Asians Built Here" should be at the top of the sales numbers in 2009 vs. the Old Big Three.
 
Regards,
OW
#6506 of 7263
Re: Investment? [lemko] by cooterbfd
Nov 05, 2008 (1:53 pm)
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Replying to: lemko (Nov 05, 2008 10:42 am)

"Sheesh! A car is never an investment. It's just another thing you buy."
 
Try telling that to all the rich A$$H&*S who've ruined the old car hobby
#6507 of 7263
Re: Invest the difference... [circlew] by captain2
Nov 05, 2008 (2:22 pm)
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Replying to: circlew (Nov 05, 2008 12:32 pm)

OW-
My opinion is that Detroit needs to get out of the 'mainstream' car business, concentrate on those low tech high profit trucks and SUVs, of course and maybe keep a minimal presence in the specialty car markets e.g. the Vette, Mustang, Camaro etc All this would require a lot of downsizing, which I think would run contrary to those UAW contracts and other expectations. In any case, quite painful and a lot of perfectly good folks out of work
. Heck if gas stays at $2 for any prolonged period of time, they might be able to sell those behemoths again, make some money and sign ridiculous labor contracts again in the false euphorias of some black ink. Detroit hasn't been a real factor in the car business anyway, for a number of years now - unless, of course, you are into renting cars .

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