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2009 Predictions for the Auto Industry

76 messages,  Last post on Mar 09, 2009 at 2:22 PM

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#18 of 76 Re: Prices [weinjohn] by bvdj84 Dec 07, 2008 (7:34 am)
Replying to: weinjohn (Dec 05, 2008 1:24 pm) That is the issue with Chrysler/GM cars, you buy them, and your value is already, before you buy it, You are so upside down, that most of your loan life will be spent mostly upside down.   I do believe that the cars mentioned that GM is not focusing on will be neglected, and will be forced to eliminate the brand all together. People are already going to think twice about buying a GM car, because of struggling values and company issues. Other than a great deal they can offer on a Red Tag event. Don't hold your breath.    What most fail to realize that they offer on the Red Tag is discounted off the MSRP, not the actual sale price. Most cars are not being sold at exactly MSRP, and we all know it would be silly to do so. So, I wonder if they would give the sale price, then take the discount after that. That is what should be happening. I know my new cars in the past, went down a bit off of MSRP. So, if you had a car of $24k, I got the car for $21k-23k. With people all paranoid about the company, that will really play a role in what car people get. I am seeing more people get other cars other than GM. Like nissans, Honda, Mazda, VW. GM/Chryler had this coming! I think GM is already and has been focusing on just a few of their cars, the rest of them are just cars with wheels. Now, their just making it public knowledge. Even better for their sales. Go on Ebay, you'll see brand new 08's for dirt cheap. Some of which been on sale for a long time.   GM really could be a great car company, if they can make all their cars with quality and value. It will take time, lots of time to recover from this giant smack in the face, If GM takes Chrysler under their wing, I believe it will take down the company. My local dealer has cars piling up like crazy. I am seeing more Honda though! In the Spring, I will leave my 08 GM car, for a Honda/Acura. Won't look back. Many behind me are feeling the same way. Replies to this message: lemko (Dec 08, 2008 5:53 am) bvdj84 (Dec 08, 2008 9:26 am)
#19 of 76 Re: I also believe [boaz47] by bvdj84 Dec 07, 2008 (7:46 am)
Replying to: boaz47 (Dec 04, 2008 7:37 am) I have owned 2 VW leases for about 5 years now, no problems thus far. I have an 08 VW Jetta SE, superior in quality, drive, even the metal is thicker, doors slam solidly. See with customers never letting company live down a weakness that they have had in the past, but better now. VW is doing very well. but all cars can improve. People won't ever let GM live this down for a long time. It is a great time to buy a used car, highly advised, as you can get a great car without taking a hit in value. The used dealer lots are loaded with cars, sitting since summer. I like how some dealers price the car the same number as a brand new car with no miles. haha. yeah, sure.
#21 of 76 Re: Prices [weinjohn] by kdhspyder Dec 08, 2008 (4:59 am)
Replying to: weinjohn (Dec 05, 2008 1:24 pm) Why? Because it still costs 'X' amount to build ship market a vehicle. Outside of liquidation there is no reason to cut prices by 40-50%. Doing that just exacerbates an already bad situation by cutting down on their cash flow.   Actually to stay alive they need to raise prices. Or get a handout. The cars that they have built up til now are just too expensive.
#22 of 76 Re: Prediction? [dvsutton] by kdhspyder Dec 08, 2008 (5:03 am)
LOL   12. UAW member wakes up from his dream scenario and finds out that his life is really going to hell in a handbasket. He applies for job at a transplant facility in Alabama.
#24 of 76 Re: Prices [bvdj84] by lemko Dec 08, 2008 (5:53 am)
Replying to: bvdj84 (Dec 07, 2008 7:34 am) It's more the individual's financial position that determines whether or not one is upside down on a car. You're only upside down if you have no down payment, a low down payment,(didn't count on taxes, titles, fees, etc.) or trading a car that isn't paid off and have negative equity. This can happen with any vehicle purchase whether it is foreign or domestic. The domestic car is usually less expensive than the foreign one in the first place. In the end, it's all a wash. Replies to this message: bvdj84 (Dec 08, 2008 9:26 am)
#25 of 76 Re: Prices [lemko] by bvdj84 Dec 08, 2008 (9:26 am)
Replying to: lemko (Dec 08, 2008 5:53 am) Still wouldn't buy a GM car. sorry.
#26 of 76 Predict the industry? by euphonium Dec 08, 2008 (10:11 am)
Any experienced businessman knows you can not predict the future of any business or industry when Congress is involved.   Without their meddling and leaving the future to "Natural Economics", Chrysler would have a funeral and GM would beg Ford to marry her.   The average hourly wage of the average taxpayer is $28/hour so why should those $28 an hour taxpayers bailout the $78/hour employees just so they can retain their vacation homes, motor homes, yachts, and planes?   Middlefinger got them to where they are today and has not expressed any regret. Replies to this message: fintail (Dec 08, 2008 10:50 am)
#27 of 76 Prediction? by rvictor Dec 08, 2008 (10:34 am)
1. Toyota and Honda face the fact that service bulliten is really a Recall 2. Richard Shelby is brought up on treason charges for giving away millions upon millions to the imports but won't budge one dime for American brands 3. Nissan, Mitsubishi, Subaru, and Kia pull the plug on all of their so ugly cars and failed attempt at trucks. now sell the GT-R and well, nothing else 4. GM, Chrysler and Ford back charge the American government for all of the tooling cost and lost revenue from 1941 through 1946 when they switched over to build tanks and planes to counter the surprise attack and killing of thousands in Pearl Harbor by the Japanese. 5. Americans , like me, find out that Toyota quality means sludge ridden engines, and failed transmissions from Honda. 6. We get our head out of the sand and start supporting our manufacturing base instead of buying Chinese made junk from Wal-Mart. Replies to this message: rickwjenn (Jan 02, 2009 3:07 pm) bpizzuti (Jan 02, 2009 5:25 pm) explorerx4 (Jan 02, 2009 6:09 pm) djhalptert (Jan 25, 2009 9:10 pm) lemko (Jan 26, 2009 7:51 am) nwng (Jan 28, 2009 8:30 am) berri (Mar 03, 2009 4:54 pm) and 9 more...

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