GM July sales down 26.7%

[silvergoat2k6]

Originally Posted by 63GrandSport001

But GM is waiting for that sign that Americans are ready for smaller engines

No, GM is waiting for the sure-to-come goverment bailout.

[tgagneguam]

Originally Posted by Buickman

it's going to go from ugly to downright nasty in August. the new disincentives are out. funeral homes are more upbeat than showrooms today...

Ah, the comic relief continues.

Originally Posted by Jkujo

...Look the whole industry is hurting, everyone! Except maybe Honda, no one is immune to this horrible economy. Its just that when someone is down like the domestics it is so much easier to pile on.

How much is Toyota getting press about the almost 50% drop in Tundra sales? They are right in line with the rest of the industry in sales...

Perhaps, but to believe that Toyota's being down and GM's being down are synonymous events is not at all accurate. The management of that downturn is very much different. Toyota, Honda and Nissare all are compensating with other models in a very significant way; looking at the top ten sellers in the country readily demonstrates that. Looking at the plans for Toyota's more flexible plants versus GM's old "tried-and-true" plan of just closing plants and handing out pink slips is evidence of that. And the fact that Toyota's turning in black ink, Honda just posted a record quarterly profit, whereas GM continues with the red ink river, is further evidence of that.

Originally Posted by silvergoat2k6

No, GM is waiting for the sure-to-come goverment bailout.

That'll definitely help out US industry!

[ByTheLake]

Originally Posted by GMC-70

Wow--I would have expected this extremely bad news to generate all sorts of activity. I guess everyone is tired of hearing about the doom and gloom and posting would basically be rehashing the same things over and over and over again. Not much left to say really....sort of depressing. Wake me up when some good news occurs--if that ever happens!

You forgot the basic rule ... the cars and engines we really need are always 2 years away.

[uujjj]

cobalt sales are down due to low inventory.

[Klay]

Originally Posted by Buickman

it's going to go from ugly to downright nasty in August. the new disincentives are out. funeral homes are more upbeat than showrooms today.

people thought me to be a fruitcake and disloyal years ago when I called for Wagoner's removal, nuts when I claimed they were going to sell GMAC, and crazy when I predicted $10 Billion loss when GMS for everyone was announced. being ahead of the curve can be a lonely place.

Well, the majority of what you "predicted" wouldn't have come to frutation had gas prices not soared in such a relatively short amount of time. GM main loss is coming from suv's and trucks tanking. I guess anyone can claim gas prices will go up at some point in the future but you can't seriously think you actually knew how and why GM would be posting such great losses in July of 2008.

[383_torque]

Turdra vs. Silverado

We suck less!

Yeah team!

Turdra July sales -46.5% (23,150 down to 13,413)
Silverado July sales -29.8% (46,997 down to 32,989)

[FBODYRULES]

Originally Posted by zete

The bright side of all this is that the era of cars has definitely returned.

I agree, and i always wondered when it would happen.

[rozz]

Originally Posted by 383_torque

Turdra vs. Silverado

We suck less!

Yeah team!

Turdra July sales -46.5% (23,150 down to 13,413)
Silverado July sales -29.8% (46,997 down to 32,989)

Sucks less still does not make you a winner...Hehehehe!

[rozz]

Originally Posted by AMERICA 123

I guess this month the media is going to soften the blow by using raw volume numbers rather than first reporting dsr adjusted percentages and the raw volume numbers later.

Let the confusion begin.

***************

Wow, how the hell did Nissan 'outperform' Honda ?

Here is a quick point...I don't want to look up the real numbers:

When you sell a gazillion last year on the same month, it is much harder to sell another gazillion when economies are down. (Honda)

However, when you only sell 10 last year on the same month, it is much easier to sell 11 when the economies are down. (Nissan)

[rozz]

Originally Posted by buildacariwant

i've seen the same number of Astras

Y'all are lucky...I have not seen neither on the roads. Nor the Aura Hybrid or the VUE Hybrid or the Malibu Hybrid.

[rozz]

Originally Posted by petervegas

Silver lining...

The Avalanche was only 128 units behind the Ridgeline...

Which two ugly sisters are the pretties? It does not matter which one you pick, she still will be ugly.

[rozz]

Originally Posted by silvergoat2k6

No, GM is waiting for the sure-to-come goverment bailout.

With 12.12345 Gazillion pounds of chain attached.

[Family Man]

Originally Posted by Klay

Well, the majority of what you "predicted" wouldn't have come to frutation had gas prices not soared in such a relatively short amount of time. GM main loss is coming from suv's and trucks tanking. I guess anyone can claim gas prices will go up at some point in the future but you can't seriously think you actually knew how and why GM would be posting such great losses in July of 2008.

While no one predicted oil going to $140, signs of increasing gas had been seen for a long time as the US economy slowed and the dollar dropped. There were numerous stories about it on the internet, however the main media and gov't never mentioned it until recently (remember Bush was unaware of $4 gas?).

GM, Ford and Chrysler counted on sales of trucks and SUVs to remain profitable. That's putting all of your eggs in one basket. Any slip in that market would spell disaster for the company.

Oil hitting $140 just accelerated the bleeding. Even if oil stayed at $100 to $110, with the slowdown in the economy, people would have eventually traded in their 16MPG truck for a 25MPG car.

[doh]

Originally Posted by ByTheLake

You forgot the basic rule ... the cars and engines we really need are always 2 years away.

And like the Camaro may be too little too late, We have been waiting for it for ages and now gas prices may squash it's helping hand.

It takes 5 years in this business, my mentor told me. What you do today won't show it's benifits for 5 years from now.

Can GM and Ford survive for 5 years, while waiting to build "Profitable, fuel effiencent cars?"