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Automotive News & Views GM News, New Models and Market Share
8511 messages, Last post on Nov 29, 2009 at 11:30 PM
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Replying to: kernick (Dec 30, 2008 8:52 am) Many wealthy buyers don't need credit to buy. Many 750 and up people have savings and other financing paths that are better choices. I would put a new car on my HELOC at a tax deductible 5% interest rate and take the rebate. So you have to ignore maybe half the people from 750 to 850 FICO score. So, look at the bottom 80% as the credit buyer pool. The 20% gain is actually more like a 25% gain. But those gained are higher risk.
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Replying to: dave8697 (Dec 30, 2008 4:57 pm) |
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Replying to: lemko (Dec 30, 2008 3:23 pm) And while Hyundai is ready to release that barn burner that OW posted, Cadillac just cancelled it's CTS coupe. Oops 
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Replying to: anythngbutgm (Dec 31, 2008 4:55 am) General Motors has confirmed that a number of its cars will be delayed, including the CTS Coupe and Chevrolet Cruze, which are being put on the backburner for around a year. The CTS Coupe wasn't expected to be a large-volume car anyway, so overall figures won't likely be hurt significantly by its delay. The Cruze, however, is much more central to the GM lineup.
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Replying to: 62vetteefp (Dec 31, 2008 5:57 am) 
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feel free to correct me. But isn't the way it works that if the CTS coupe weren't delayed GM would be criticized for not cutting the number of models they are making as a way of becoming lean and more efficient. The theory for that being that more models represent an increased cost for a small production number. On the other hand if they delay the CTS coupe they're not making a good decision because another company has a coupe coming that's in the same realm. Have I got the drill down now? Criticize no matter which they do...
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Replying to: imidazol97 (Dec 31, 2008 7:06 am) Delaying the coupe is one thing. I'm far more concerned with the delay of the Cruze. GM isn't going to rise or fall much on the CTS coupe but it they can't put out small competitive cars and make a profit on them that's a serious problem. The Cruze is a key to that.
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Replying to: imidazol97 (Dec 31, 2008 7:06 am) Cadillac is not holding down GM as I see it. Making changes to your more successful brand to save the failing brands like Saturn, Saab and Pontiac does. It reaks of Oldsmobile all over again. |
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GMAC eases burden with $21.2 billion debt swap NEW YORK (Reuters) -- GMAC, the General Motors financing affiliate that received a $6 billion infusion from the government, completed a multibillion dollar debt swap today designed to bolster its capital. The lender said holders of $21.2 billion of debt will swap their stakes for $15.7 billion of new securities plus cash. Looks like GMAC is putting its' cash to work. Sales at GM looking better for December and that is only with a few days of easier/available lending. |
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As I have said in the past Edmunds is NOT a good place for forecast data but here is what they say. Amazing to see Toyota/Honda at ~40%. "We thought the bottom was October. Then we thought it was November. It seemed like maybe it's December, but we're not so sure anymore," said Jesse Toprak, Edmunds.com's executive director of industry analysis. Many analysts are not publishing forecasts until later this week. But Edmunds.com and J.D. Power forecast sales decreases of between 37 and 38.4 percent. The declines would be the industry's 18th in the past 19 months. Edmunds.com predicts Chrysler will see the largest decline in December unit sales: 45.6 percent from December 2007. Nissan North America will follow with a 42.1 percent decline. General Motors will lose 39.3 percent, Toyota Motor 38.8 percent, American Honda Motor Co. 37.7 percent and Ford Motor Co. 33.8 percent. All automakers will see adjusted sales increases from November, Edmunds.com said, with light trucks outselling cars for the first time in nine months. GM is also forecasting a better December than November, said Mark LaNeve, GM's North American vice president of sales, service and marketing. "Our share performance looks good," LaNeve said yesterday in a conference call with reporters. Edmunds.com has predicted a 22.8 percent market share for GM, up from 20.6 percent in November. |
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