Skip to comments.Chrysler & GM both filing for Bankruptcy?
Posted on 03/31/2009 8:32:44 PM PDT by kcvl
Chrysler & GM both filing for Bankruptcy....
GM is filing Chapter 11....
Chrysler is going to be sold off in pieces..
Toyota is closing many plants in The USA...
I just landed a new client, a local automotive dealer, who shall remain anonymous.
People *are* buying, but there’s not as many people and many customers are delaying their “five year churn” - and those with domestics are discovering why that’s a bad idea for them.
Here the even the Toyota lots have plenty of room on em ....very few vehicles on lots that used to be packed for big three and the japs.
One side of my observation is as you state....the folks are buying em up faster than they can replenish the inventory. Other side as this read states .....plants are closing due to lack of sales.
I trust what ya say about your AO but here it is different story ........
stay safe !
Would you stay here and be ruled over by a tyrannical government if you could go somewhere else?
The lots are empty, in those cases, because the dealers sell through inventory, then don’t order more. Remember, the makers “sell” them to dealers, who sell them to the end user.
Yes. If true this is good news.
GM said no to O.
Understand that yet my point is I suppose that even Toyota is closing plants.......may or may not relate and if so that is my lack of knowledge on your subject matter expertise.
....basing my comments on what I see, hear and read yet value your insider points on the matter !
Thanks for the info !!!
I am off to get some sleep !
Stay safe buddy !
And what do you suggest for those us that are soon to be in the market for acquiring a new or fairly new used car?
With discounts and low interest, you are better off on a new car,(per Detroit's Paul W. Smith - part time fill in for Rush Limbaugh.)
All seem to be doing well. Yes, foreign owned, but domestically produced.
You are correct!
One of the things GM did with the oil and tire people was to convince cities all over the country to rip up the light rail rights-of-way and replace those paid-for, efficient systems with BUSSES (with, of course, GM MOTOR COACHES).
As a child, in a scene repeated in countless towns across America, I spent hours watching the crews pull up the tracks along Clifton Blvd. in Lakewood, Ohio where those really cool streetcars once ran. They then widened Clinfton to make lanes for the new GM BUSSES.
Today, most of those towns wish they had those rights-of way back but, sadly, they were long ago paved or built over.
In my later professional career I sold materials handling equipment. GM was one of my customers. During the model changes every 3 or 4 years, we’d be called in to provide equipment for the new line configurations: THEY SELDOM ASKED THE COST — THEY JUST NEEDED IT NOW!!!
Now, if anyone thinks THAT sort of behavior was idiotic and arrogant, wait until Obama’s new totalitarian government hits full stride. Trust me: They’re just warming up.
There’s nothing on WDIV.
ON THE BRINK: Feds preparing bankruptcy filing for CHRYSLER...