GM, Ford Likely Dragged U.S. Car Sales to 15-Year Low

steinravnik · 07-31-2008, 12:24 PM

GM, Ford Likely Dragged U.S. Car Sales to 15-Year Low

July 31 (Bloomberg) -- General Motors Corp. and Ford Motor Co. probably dragged U.S. vehicle sales to a 15-year low in July as record gasoline prices caused consumers to shun big pickup trucks and automakers didn't make enough fuel-saving small cars.

GM, Ford and Chrysler LLC may have each posted their sixth straight monthly decline in sales, according to a Bloomberg survey of four analysts. Honda Motor Co., the major Japanese automaker least dependent on pickups and sport-utility vehicles, likely recorded its fourth consecutive gain.

A slowing economy, $4 gasoline and the worst housing market since the Great Depression may extend the industry's slump. Automakers' plans to trim lease offers because of the plunging value of returned vehicles also may crimp demand.

``It's going to put more downward pressure on auto sales,'' said Erich Merkle, an analyst with the Crowe Chizek & Co. consulting firm in Chicago. ``Automakers have been able to make the monthly payment very attractive through leasing.''

July sales will match June's annual selling rate of 13.6 million vehicles, according to a Bloomberg survey of 40 analysts and economists. That was the lowest level since 1993, when the industry was emerging from a recession.

GM sales probably dropped 25 percent, Ford's 20 percent, and Chrysler's 27 percent, according to the average estimates of the four analysts surveyed. The figures are adjusted for two more selling days this month than in July 2007; unadjusted percentages would be about 8 points less severe.

http://www.bloomberg.com/apps/news?p...d=aHW_tS41tgwA

Bokl · 07-31-2008, 01:04 PM

Well thank you rick and lutz for doing this. Are you happy now? People do not want 4 cylinder engines and only way people would buy them if gas is $8 per gallon. Or hybrids are a joke nobody wants them they are just for marketing. How is this for you idiot lutz toyota will make 500k prius next year. How good does your Tahoe hybried sell? Again just focus on suv and ignore cars. Thank you rick and lutz for ignoring cars for so long and when you produced them they were pure crap that nobody wanted. Now you are paying for it.

regfootball · 07-31-2008, 01:07 PM

what about toyotas SUV's?

Bokl · 07-31-2008, 01:12 PM

Quote:

Originally Posted by regfootball

what about toyotas SUV's?

IT does not matter because toyota produces alot more cars then suv's. How many sequeis do they sell per month? 3k how about gm GMT 900. Again do not try to make excuse for this massive loss. IT is all gm fault for focusing on truck and suvs while toyota and honda kept producing more and more fuel efficient cars.

elderon · 07-31-2008, 01:14 PM

While I'll admit its not smart to put all your eggs in one basket, I haven't read any articles stating any shortages of inventory of cars - other than a few high demand models. You can't blame the automakers for building what the people wanted. Noone made us buy these SUV's and Pickups.

steinravnik · 07-31-2008, 01:17 PM

Quote:

Originally Posted by Bokl

Well thank you rick and lutz for doing this. Are you happy now? People do not want 4 cylinder engines and only way people would buy them if gas is $8 per gallon. Or hybrids are a joke nobody wants them they are just for marketing. How is this for you idiot lutz toyota will make 500k prius next year. How good does your Tahoe hybried sell? Again just focus on suv and ignore cars. Thank you rick and lutz for ignoring cars for so long and when you produced them they were pure crap that nobody wanted. Now you are paying for it.

VCDJ?

GMC-70 · 07-31-2008, 01:18 PM

Quote:

Originally Posted by Bokl

IT does not matter because toyota produces alot more cars then suv's. How many sequeis do they sell per month? 3k how about gm GMT 900. Again do not try to make excuse for this massive loss. IT is all gm fault for focusing on truck and suvs while toyota and honda kept producing more and more fuel efficient cars.

It was nice having you gone--now please GTFA

Bokl · 07-31-2008, 01:22 PM

Quote:

Originally Posted by steinravnik

VCDJ?

I do not know why you people keep telling me this. I am not vdcj. How many times do i have to say that? who the f**k was he?

Bokl · 07-31-2008, 01:23 PM

Quote:

Originally Posted by GMC-70

It was nice having you gone--now please GTFA

i do not know what you are talking about. I was never here before. But thank you for saying welcome to GMI.

dratnol · 07-31-2008, 01:23 PM

Quote:

Originally Posted by steinravnik

VCDJ?

Let’s see, an incoherent rant, poor grammar, and horrendous spelling all in one post. I would say without a doubt that this is none other then vcdj.

vcdj, personally responsible for bringing down the quality and intelligence of GMI.

pinyon · 07-31-2008, 01:24 PM

Seems like Toyota was also way down in June and it will be interesting to see July numbers. I know they don't sell as many trucks and SUVs as GM and Ford but it is still a substantial part of their business and like others they can't shift production to small cars fast enough. I've tried to reason with Bokl (VCDJ) before. It's impossible. GM isn't looking good right now, but the press totally ignoring Toyota's sales slide is typical.

jkennedy293 · 07-31-2008, 01:25 PM

Quote:

Originally Posted by Bokl

Well thank you rick and lutz for doing this. Are you happy now? People do not want 4 cylinder engines and only way people would buy them if gas is $8 per gallon. Or hybrids are a joke nobody wants them they are just for marketing. How is this for you idiot lutz toyota will make 500k prius next year. How good does your Tahoe hybried sell? Again just focus on suv and ignore cars. Thank you rick and lutz for ignoring cars for so long and when you produced them they were pure crap that nobody wanted. Now you are paying for it.

Hmmm.. The bad spelling, horrible grammar, and absolutely no grasp on reality. Yup, it's VCDJ!

Saturn69 · 07-31-2008, 01:26 PM

Quote:

Originally Posted by Bokl

IT does not matter because toyota produces alot more cars then suv's. How many sequeis do they sell per month? 3k how about gm GMT 900. Again do not try to make excuse for this massive loss. IT is all gm fault for focusing on truck and suvs while toyota and honda kept producing more and more fuel efficient cars.

Yes, that's why Toyota built a $1B full-size truck/SUV plant in Texas. Wake up, VCDJ. Don't let the facts stand in the way of your idiotic rant. It matters. You're darn tootin' it matters. Toyota isn't the automotive Messiah any more than GM is. They ALL go where the money is. And did you know that GM makes more cars that get 30mpg than Toyota does? The Prius isn't Jesus Christ, please, take the car off the cross.

Saturn69 · 07-31-2008, 01:28 PM

Quote:

Originally Posted by Bokl

I do not know why you people keep telling me this. I am not vdcj. How many times do i have to say that? who the f**k was he?

Of course your aren't VDCJ...you're VCDJ. Nice sneaky misspelling! hehehe

Saturn69 · 07-31-2008, 01:30 PM

I've been bad.

I did something naughty.

07-31-2008, 12:24 PM	#1 (permalink)
steinravnik 6.0 Liter Vortec V8 Join Date: Mar 2003 Location: Eckington, Washington, DC Drives: 2007 Nissan XTerra Offroad Posts: 1,520	GM, Ford Likely Dragged U.S. Car Sales to 15-Year Low GM, Ford Likely Dragged U.S. Car Sales to 15-Year Low July 31 (Bloomberg) -- General Motors Corp. and Ford Motor Co. probably dragged U.S. vehicle sales to a 15-year low in July as record gasoline prices caused consumers to shun big pickup trucks and automakers didn't make enough fuel-saving small cars. GM, Ford and Chrysler LLC may have each posted their sixth straight monthly decline in sales, according to a Bloomberg survey of four analysts. Honda Motor Co., the major Japanese automaker least dependent on pickups and sport-utility vehicles, likely recorded its fourth consecutive gain. A slowing economy, $4 gasoline and the worst housing market since the Great Depression may extend the industry's slump. Automakers' plans to trim lease offers because of the plunging value of returned vehicles also may crimp demand. ``It's going to put more downward pressure on auto sales,'' said Erich Merkle, an analyst with the Crowe Chizek & Co. consulting firm in Chicago. ``Automakers have been able to make the monthly payment very attractive through leasing.'' July sales will match June's annual selling rate of 13.6 million vehicles, according to a Bloomberg survey of 40 analysts and economists. That was the lowest level since 1993, when the industry was emerging from a recession. GM sales probably dropped 25 percent, Ford's 20 percent, and Chrysler's 27 percent, according to the average estimates of the four analysts surveyed. The figures are adjusted for two more selling days this month than in July 2007; unadjusted percentages would be about 8 points less severe. http://www.bloomberg.com/apps/news?p...d=aHW_tS41tgwA __________________ You call yourself the Moral Majority We call ourselves the people in the real world You say, 'God loves you. Come and buy the Good News' Then you buy the president and swimming pools If Jesus don't save 'til we're lining your pockets God must be dead if you're alive Circus-tent con-men and Southern belle bunnies Milk your emotions then they steal your money It's the new dark ages with the fascists toting bibles Cheap nostalgia for the Salem Witch Trials Dead Kennedys

07-31-2008, 01:04 PM	#2 (permalink)
Bokl 1.8 Liter ECOTEC Join Date: Jul 2008 Posts: 30	Re: GM, Ford Likely Dragged U.S. Car Sales to 15-Year Low Well thank you rick and lutz for doing this. Are you happy now? People do not want 4 cylinder engines and only way people would buy them if gas is $8 per gallon. Or hybrids are a joke nobody wants them they are just for marketing. How is this for you idiot lutz toyota will make 500k prius next year. How good does your Tahoe hybried sell? Again just focus on suv and ignore cars. Thank you rick and lutz for ignoring cars for so long and when you produced them they were pure crap that nobody wanted. Now you are paying for it. Last edited by Bokl : 07-31-2008 at 01:07 PM.

07-31-2008, 01:07 PM	#3 (permalink)
regfootball 3.9 Liter V6 Join Date: Nov 2004 Location: MN Drives: 04 AZTEK 93k 06 FIVE HUNDRED 41k Posts: 895	Re: GM, Ford Likely Dragged U.S. Car Sales to 15-Year Low what about toyotas SUV's?

07-31-2008, 01:14 PM	#5 (permalink)
elderon 3.8 Liter Supercharged V6 Join Date: Jun 2005 Location: Michigan Drives: 1999 Trans Am Convertible 2007 Silverado Posts: 724	Re: GM, Ford Likely Dragged U.S. Car Sales to 15-Year Low While I'll admit its not smart to put all your eggs in one basket, I haven't read any articles stating any shortages of inventory of cars - other than a few high demand models. You can't blame the automakers for building what the people wanted. Noone made us buy these SUV's and Pickups. __________________ 2007 Chevy Silverado 1999 Pontiac Trans Am Convertible

07-31-2008, 01:24 PM	#11 (permalink)
pinyon 3.8 Liter V6 Join Date: Jun 2005 Location: Utah Drives: 2007 Aura XR Posts: 321	Re: GM, Ford Likely Dragged U.S. Car Sales to 15-Year Low Seems like Toyota was also way down in June and it will be interesting to see July numbers. I know they don't sell as many trucks and SUVs as GM and Ford but it is still a substantial part of their business and like others they can't shift production to small cars fast enough. I've tried to reason with Bokl (VCDJ) before. It's impossible. GM isn't looking good right now, but the press totally ignoring Toyota's sales slide is typical. __________________ 2008 Avalanche LTZ 2007 Aura XR One machine can do the work of fifty ordinary men. No machine can do the work of one extraordinary man. - Elbert Hubbard

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07-31-2008, 01:30 PM	#15 (permalink)
Saturn69 6.2 Liter Vortec V8 Join Date: Jun 2004 Location: Iowa Drives: 2005 Saturn Ion 1995 Saturn SC2 Posts: 2,877	Re: GM, Ford Likely Dragged U.S. Car Sales to 15-Year Low I've been bad. I did something naughty. __________________ "What we obtain too cheap, we esteem too lightly: it is dearness only that gives every thing its value." - Thomas Paine Jobs Per Car - great site!

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