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Automotive News & Views Can GM make Cadillac the standard of the world Again?
6098 messages, Last post on Aug 14, 2009 at 4:43 PM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: 62vetteefp (Jul 29, 2008 10:29 am) Even the venerable Toyota is likely to see another drop. Meantime, the combined market share of Detroit's three automakers is expected to hit a near-record low of 44.4 percent, down from 49.4 percent in July 2007 and from 46.4 percent in June 2008. The only time it was lower was in May when it fell to 44.3 percent. Edmunds.com predicts GM will sell 266,000 units in July 2008, down 15.7 percent compared to July 2007 and up 1.3 percent from June 2008. GM's market share is expected to be 21.1 percent of new vehicle sales in July 2008, down from 24.2 percent in July 2007 and down from 22.2 percent in June 2008. Edmunds.com predicts Honda will sell 160,000 units in July 2008, up 13.3 percent from July 2007 and up 12.1 percent from June 2008. Honda's market share is expected to be 12.7 percent in July 2008, up from 10.8 percent in July 2007 and up from 12.0 percent in June 2008. Edmunds.com predicts Nissan will sell 88,000 units in July 2008, up 0.2 percent from July 2007 and up 16.0 percent from June 2008. Nissan's market share is expected to be 7.0 percent in July 2008, up from 6.7 percent in July 2007 and up from 6.4 percent in June 2008. Edmunds.com predicts Toyota will sell 217,000 units in July 2008, down 3.3 percent from July 2007 and up 12.1 percent from June 2008. Toyota's market share is expected to be 17.2 percent in July 2008, even from 17.2 percent in July 2007 and up from 16.3 percent in June 2008. Regards, OW |
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a last-minute surge from people wanting in before leasing goes bye-bye?
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Forgive my ignorance, why is leasing going bye-bye???
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Replying to: bumpy (Jul 29, 2008 12:04 pm) |
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Replying to: marsha7 (Jul 29, 2008 6:46 pm) Long answer: when a vehicle comes back off-lease, the finance company sells it at auction, hoping that it gets as much or more than the residual value of the lease (the lease payments being the difference between the sale price and the residual, plus a little bit extra). The domestic finance companies have a lot of truck and SUV lease returns that are selling at $10, 20, or $30,000 less than the residual value (when they sell at all), so they simply don't have the cash to roll over into new leases and no one else is going to loan them that money. So, now they have either quit leasing altogether or set the residuals to current pitiful market value, making the lease payments so much higher that no one would want to lease.
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Replying to: bumpy (Jul 30, 2008 6:38 am) Regards, OW |
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If GM can make the Cadillac the standard of quality of what defines their company, and put more of this work into all of their models, then they would see a better outcome, perhaps downsizing their line up of duplicate cars that have different names on them, but they are they same car, Outlook, Acadia? The same. The problem is they have too many cars, downsizing its line up, would allot for more time and effort to put more quality into their cars. The problem is, they keep rebadging their cars. They have too many cars, I feel thats why they slack on overall quality. |
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GM, unlike Chrysler who is stopping all leases, will not offer incentivised leases in Canada. I think for GM-Canada that means if there is a rebate on a vehicle you get the rebate with a lease instead of a lower lease offer. Sounds like the same thing in the end? Anyway GM is still offering leases. GMAC Financial Services said Tuesday that it will no longer offer leasing-related incentives in Canada, citing market conditions in the country and recent steep drops in used vehicle residual values. GMAC spokeswoman Gina Proia said GMAC will suspend Canadian incentivised lease offers effective Aug. 1, but will continue offer standard rate leases in the country. The news, which was conveyed to dealers on Monday, follows Chrysler LLC's announcement that its financial arm will get out of the U.S. automotive leasing business by the end of the month. The Auburn Hills, Mich.-based automaker also cited the decline in used truck and sport utility vehicle values. Wholesale prices of used pickup trucks dropped 11.2 percent during the second quarter, while wholesale SUV prices fell 9.6 percent, according to National Automobile Dealers Association AuctionNet data released by the NADA's Used Car Guide. Both Chrysler Financial and GMAC are owned by Cerberus Capital Management LP. The private equity firm owns 80.1 percent of Chrysler and a 51 percent stake in GMAC. They aren't the only automakers hurt by increases in leasing costs. Ford Motor Co. said last week that its credit arm took a $2.1 billion charge during the second quarter because of the drop in the residual values of leased trucks and SUVs. Proia said that as of Tuesday, no similar announcement had been made concerning U.S. GMAC leases. |
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Again, stopped at Caddy dealer on the way home as they have an '05 XLR w/20k miles. Asking $35k... So, I'm looking at the car, top is down (so at least I know the top goes down! Does it go up?). Salesman approaches and I do believe it is the same one who "snubbed" me last Friday. Asks what I think of the car. I give him the general, "mid-life crisis, just looking, rather have an '06 with dark wood in the interior" speech. He smiles, mentions the black '06 (that appeared to have the top trouble last week), but I shan't own a black car. He congenially said I'm welcome back anytime to shop, window or otherwise. Nice. I mention, as we're parting, that the left front quarter panel is separating from the frame. He looks stunned, said no, he actually sold this car three years ago and it has been meticulously maintained by this dealer... He walks around to the driver's side and looks down. Looks up at me and smiles, "Thanks for alerting me to this." De nada, amigo. Ok, two XLRs within a week. One with a recalcitrant top, the second has the body separating from the frame (looked to me like the glue holding it on had simply dried up). Again, are the Car Gods trying to tell me something? Isn't GM quality Job 1? Or is GM quality an oxymoron... 
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for the price. Both Ferrari and Lambo cost about twice as much as an equivalent Porsche. Its good to find someone finally agreeing to my idea that Cadillac should be compared to something in its class (bmw, lexus etc) rather than Rolls and Maybach... The debate's really heating up rapidly its fun to watch, keep at it guys (and ladies) 
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