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Automotive News & Views GM News, New Models and Market Share
8464 messages, Last post on Nov 27, 2009 at 6:11 AM
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Replying to: tlong (Oct 31, 2009 11:38 am) Well, that depends on your definition of successful. If it means making money, I dunno. They have a long road ahead of them, and the economy does seem a little delicate right now, so it's probably unpredictable. If we are talking about new model success, well it appears that the Lacrosse, Equinox, Terrain, and SRX are hits. The CTS is well received, and people seem to be looking forward to the CTS sprtwagon and coupe, even if they are a niche category. The Camaro is white hot, but time will tell if that keeps up, or was just a fad. Looking ahead, we have the new Regal and Cruze for next year, and the Cruze seems to be getting good reviews where it is being sold now. So the product pipeline seems to be doing well. As for leadership, Fritz seems to be holding no punches. For all the criticisims about the Bankruptcy, paring down the lineup, and government cash infusuions. He has steadied the ship. 9 months ago, the leadership seemed to be coming up with new ideas left and right, panicked, and just seeing what will stick, trying to convince the government that they could succeed, just give us money and time.
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Replying to: dave8697 (Oct 31, 2009 9:36 am) If he managed to find a car that used half the gas, 40 mpg, he'd be down to about $109/month in fuel. Now that sounds like a nice savings. But, how many cars can you get for $109/month? Not to mention your up-front costs when you buy the car...down payment, taxes, etc. Even if gas doubled over today's price, which would put it to about $5.30 per gallon, that would put the 40 mpg car at $217 per month, and the 20 mpg vehicle at around $434. Now that's a pretty big savings...however, you're still not going to get much of a car for $217 per month. Plus, again, down payment/taxes. It almost never makes sense to ditch your current ride over fuel economy concerns. You're best off just waiting until you'd normally trade, and then go for something more economical then, if it suits you.
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Replying to: andre1969 (Oct 31, 2009 12:50 pm) Yeah, I went through that last year. When gas was $4+/gal. I briefly tossed around the idea of buying a small car to drive around and letting my Suburban sit. Well most of the miles put on the Suburban were weekend miles heading to the lake, which I need something to haul a weekends worth of gear, wife, kids, dog, and tow the boat etc. The math just didn't add up. Plus small cars at the time were going for a premium while SUVs were sitting on the lots with huge discounts. I decided to trade the Suburban in on a 1 year old SUV for nearly 1/2 the price of a new one. Just shows how stupid some people were willing to take a $10-15k hit on their SUV just to save at best a $200/mo.
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Replying to: dieselone (Oct 31, 2009 1:03 pm) Touche....now, 15 months later, many have buyer's remorse. All told, you are still better off letting your needs dictate your purchase, and not your emotions.
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Replying to: cooterbfd (Oct 31, 2009 1:12 pm) Exactly so. You'll never make up in gas savings what you lose in car transactions. One day people will figure out that gas goes up and down and you live with it. As for GM survival I'm not optimistic. I don't think there will be enough quick enough to outlast the vast sums already "loaned" to them. I certainly don't have the stomach to lend them more.
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Replying to: fezo (Oct 31, 2009 1:47 pm) That's a tough one. As a "private company", we haven't heard anything about cash burn since before the bankruptcy. I guess the answer lies in how well they have cut costs, how well and for how close to msrp the new cars are selling, and what happens when there is an IPO for the new company. The best we can do now is stay tuned. |
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......we get this last nite: http://www.autoblog.com/2009/10/30/report-fritz-says-gm-doesnt-need-any-further-- aid-from-washingt/ We'll see.... |
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Replying to: tlong (Oct 31, 2009 11:38 am) |
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As far as GM making or not. I don't know. It probably really depends on the sales numbers of their recent and upcoming releases. No question GM has some good models for sale, but does the buying public care?
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