Skip to comments.Big Three Auto Sales Drop Sharply; General Motors Down 25 Percent
Posted on 07/03/2006 3:49:30 PM PDT by mr. mojo risin
DETROIT High gas prices continued to pull down sales by domestic automakers in June, with General Motors Corp. (GM) selling 25.7 percent fewer vehicles than in June 2005, and sales slipping 15.5 percent and 6.8 percent at DaimlerChrysler AG's Chrysler Group (DCX) and at Ford Motor Co. (F), respectively. Toyota Motor Corp. (TM), meanwhile, credited the company's 14.4 percent sales boost to its many fuel-efficient offerings.
GM had warned that its June sales would be down significantly because of aggressive discounts last summer... High gas prices cut into sales of pickups and big sport utility vehicles traditionally the stronger segment at both GM and Ford. GM's truck sales fell 37 percent in June, while cars were down less than half a percent. Year-to-date, GM's sales fell 12.2 percent, including a 13 percent drop for trucks and an 11 percent dip for cars. At Ford, sales of light trucks plummeted 14.6 percent. But the company saw a bright spot in car sales, which rose 8.6 percent, as demand for new midsize sedans the Ford Fusion, Mercury Milan and Lincoln Zephyr remained high.
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I recall GM did not proceed because GM felt that the Japanese Governement would not have allowed it.
Plenty of blame to go around.
Darks days indeed.
Anyway, the party's over now.
I am sure their response will be bigger cars, duller styles, stupider marketing, and much more obnoxious sales persons. There is no reason to think otherwise.
As I've mentioned on another thread...it's like deja vu all over again
with GM considering alliance with Renault/Nissan.
I.e., struggling auto-makers merging in order to survive...then puking
...am sure their response will be bigger cars, duller styles, stupider marketing, and much more obnoxious sales persons.
Yeah, and just pander to the unions more!!! That will fix everything!!! On the other hand, now is the time to buy a Detroit vehicle -- name your price :-)
"I am sure their response will be bigger cars, duller styles, stupider marketing,
and much more obnoxious sales persons."
And "Employee pricing"
= the price we have to use to get even our own employees to buy this junk!
Last year GM had employee pricing. Well, guess what...buyers are waiting for it again. Once they let that genie out of the bottle, they screwed themselves. I was going to buy a certain tool set at Sears the other day, but it was only on sale for $253.99. A few weeks ago it was on sale for $223.99. I know if I wait long enough it will go down to that price again. I can wait that long...can Sears? As for GM, I owned my last GMC for 11.5 years. The one I own now is less than six years old, so I won't even be looking for another 5-6 years. I just hope GM is still around by then.
If I were an employee, I'd sure resent being paid with a supposed "benefit" if it were suddenly given to people who don't even work there!
Ford and GM should merge, move out of Detroit, shed the unions, get rid of the middle management, and start kicking some ass!
Saturn had a good thing going, if GM hasn't ruined it yet. You pay a bit more, but the beauty of no haggling is wonderful.
I never understood in the first place why cars are sold like an Arabian bazaar...
Fast forward a number of years, my mother buys a 1994 Buick LeSabre (near identical car design) - exact same paint problem shows up a few years later.
GM had 8 years to fix a well-known problem and didn't. THAT is why they are in the tank.
"1994 Buick LeSabre "
same problem with my 95 impala
"plenty of blame to go around"
'Just got back from a family reunion with an Uncle who retired from GM. He was adamant in defending GM and that it was Americans who did not want to buy American products. When I said something about Americans wanting to buy "quality", he flipped out.
My uncle did the same thing. My brother said not to talk cars around him, unless it is the old classics. With the older generation dying off, no wonder the American car makers are losing market share. The older generation is the only ones buying their vehicles.
It is the same at K-Mart, as the older generation dies off, K-Mart continues to die, too.
Not sure what I want to do, but the new Explorer Limited is a damn nice car (imo). I might wait for the Ford Edge, which looks really interesting.
Regardless, I've got no problem with Ford. I've owned a few and never had a problem more serious than an alternator going bad.
Here's the Ford Edge (coming later this year, supposedly):
I never haggle when I buy a new car. I do my homework, research the car, find out what the dealer paid for it and make a fair offer. Then the dealer says either yes or no.
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