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Automotive News & Views GM News, New Models and Market Share
8074 messages, Last post on Nov 11, 2009 at 10:27 AM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: 62vetteefp (Dec 30, 2008 6:59 am) Seeing that it is the wealthier part of the population that buy new vehicles, and these people are likely to have better credit scores, I don't see where GMAC lowering their acceptable score is going to help drive sales much. In fact there have been plenty of local banks and credit unions where you could get an auto loan, all thru this period, with lower credit scores. I just don't see the lower 40% of the credit-score population, who are struggling from paycheck-to-paycheck, going out shopping for a typical $25K vehicle. And if they do go out and buy something like this then they are a higher risk to default on the loan. I think this society needs to live within its means, rather than giving people loans for houses and vehicles which they can not afford. When enough of these sorts of loans are given out and defaulted on, that's what damages the whole economy.
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Replying to: circlew (Dec 29, 2008 12:16 pm) I guess everybody knows it's STILL just a Hyundai, even though they hide the emblems real well. 
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Replying to: cooterbfd (Dec 30, 2008 9:35 am) How many cars showed up on our shores? Are you willing to quote all of these numbers as percentage of inventory sold versus just pure volume?  (Incidentally, i have no clue what percentage of available inventory each one sold, but I am curious). |
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GM Now Offering Financing As Low As 0% 
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Unless you buy everything on credit and care less when you can pay it back. Sound familiar? Yeah, unfortunately. I'm only so grateful I'm not one of them Another idea, we can do it this way, raise the import taxes to an almost ridiculous rate combined with lower costs. That'll do, I guess.
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Replying to: cooterbfd (Dec 30, 2008 9:35 am)   Let's see the combined numbers when the coupe comes out next year. Regards, OW
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Replying to: steve_ (Dec 30, 2008 11:02 am) Must be a calculation of actual buyers in the 621 to 700 vs. the people who just have the credit rating. |
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Replying to: circlew (Dec 30, 2008 11:48 am) However, seeing that out of those, the only one with a significant rise in sales IS the Genesis (some rose slightly, and some are holding steady, Saab sales are paultry anyways  ) and it has managed to tie if not trounce some of the stalwarts out there shows that Hyundai has a legitimate if not top 3 contender. That's some pretty impressive improvements there.
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Replying to: anythngbutgm (Dec 30, 2008 12:18 pm)
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Replying to: anythngbutgm (Dec 30, 2008 12:18 pm)  In the NEW Economy, this car will no doubt sell.  Regards, OW
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