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Detroit, 8:58 PM
Tue Dec 8
28 posts in the last 24 hours

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  • posts about #bankruptautomakers more →

    CNBC Poll Finds 52% Unwilling To Buy A Car From A Bankrupt Automaker

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    Dsmvwl  Admin  Promote to frontpage Approve user Ban user ×
    Image of don_mynack don_mynack
    12/05/08

    In reply to CNBC Poll Finds 52% Unwilling To Buy A Car From A Bankrupt Automaker
    And yet, millions of Americans are willing to fly on bankrupt airlines, since they've done so millions of times.


    I currently own a vehicle that will have to be warranted/serviced by one of the big 3. My service contract is with the dealer. Somebody will keep making parts. How is this an issue of anything other than perception?

     Reply
    don_mynack was starred don_mynack was unstarred
    Image of Plecostomus [Tyrrell] Plecostomus [Tyrrell]
    12/05/08

    @don_mynack: Yes, but an airline ticket (in most cases) isn't between 10 and 40 grand. That's scary to them.


    But people don't care about that with an airline, they care about cheap tickets... though IMHO flying on a bankrupt airline is scarier.

    If they're bankrupt, how are they maintaining the plane?!

     Reply
    Plecostomus [Tyrrell] was starred Plecostomus [Tyrrell] was unstarred
    Image of mytdawg mytdawg
    12/05/08

    In reply to CNBC Poll Finds 52% Unwilling To Buy A Car From A Bankrupt Automaker
    And shouldn't it really be Carmeggedon? That sounds so much better than Carpocalypse.
     Reply
    mytdawg was starred mytdawg was unstarred
    Image of mytdawg mytdawg
    12/05/08

    In reply to CNBC Poll Finds 52% Unwilling To Buy A Car From A Bankrupt Automaker
    The three years my S-10 was under warranty I think I had a U-joint replaced and I never made a claim on the ION, although both of them had a minor recall or two. The only warranty repair I've needed was on my Honda and they wouldn't honor the factory warranty. So my opinion is it's a crap shoot, with or without.
     Reply
    mytdawg was starred mytdawg was unstarred
    Image of Elhigh Elhigh
    12/05/08

    In reply to CNBC Poll Finds 52% Unwilling To Buy A Car From A Bankrupt Automaker
    I wouldn't touch it with a ten-foot poll.
     Reply
    Elhigh was starred Elhigh was unstarred
    Image of tulsa tulsa
    12/05/08

    In reply to CNBC Poll Finds 52% Unwilling To Buy A Car From A Bankrupt Automaker
    37% willing - GM should hurry up and declare. They would love to have 37% marketshare again.
     Reply
    tulsa was starred tulsa was unstarred
    Image of Ash78, cube farmer Ash78, cube farmer
    12/05/08

    @tulsa: Subtle and hilarious.
     Reply
    Ash78, cube farmer was starred Ash78, cube farmer was unstarred
    Image of Bumblebee Bumblebee
    12/05/08

    @tulsa: Shit, that was so awesome it deserves an unnecessary profanity.
     Reply
    Bumblebee was starred Bumblebee was unstarred
    Image of Graverobber Graverobber
    12/05/08

    @tulsa: golf clap
     Reply
    Graverobber was starred Graverobber was unstarred
    Image of scroggzilla raids again scroggzilla raids again
    12/05/08

    @tulsa: COTD
     Reply
    scroggzilla raids again was starred scroggzilla raids again was unstarred
    Image of Hart88 Hart88
    12/05/08

    In reply to CNBC Poll Finds 52% Unwilling To Buy A Car From A Bankrupt Automaker
    The framing of the question insures the results here. If you ask the average person if they were willing to buy a toaster from a manufacturer in bankruptcy, for instance, you'd get the same answer. The Big Three stand a much better chance of emerging from bankruptcy proceedings than your average small appliances firm.
     Reply
    Hart88 was starred Hart88 was unstarred
    Image of cabjf cabjf
    12/05/08

    @Hart88: Especially if they make it as short as possible. If they plan it right, they can come out within a year. Yeah sales for that year will be horrible, but after than they should start rising again. most of what they need to do is renegotiate labor contracts and sell off dead weight. Also, if they were to put the warranty to a third party and get some sort of government backing through the reorganization (like the loans they're requesting), I think the number of people willing to buy would remain high enough. Also, bargain basement prices while in reorganization would help too.


    I guess the point is, there are other options: mergers, loans, reorganization, etc. The unfortunate part is that the leadership of the automakers seems to think free money from the government is the only option. I guess that narrow mindedness is what got them here to begin with.

     Reply
    cabjf was starred cabjf was unstarred
    Image of SundaySunday SundaySunday
    12/05/08

    @cabjf: Very well said. I agree wholeheartedly.
     Reply
    SundaySunday was starred SundaySunday was unstarred
    Image of Triborough Triborough
    12/05/08

    In reply to CNBC Poll Finds 52% Unwilling To Buy A Car From A Bankrupt Automaker
    You can prove anything with a poll.
     Reply
    Triborough was starred Triborough was unstarred
    Image of sos10 sos10
    12/05/08

    @Triborough: Brilliant.
     Reply
    sos10 was starred sos10 was unstarred
    Image of Feds Feds
    12/05/08

    In reply to CNBC Poll Finds 52% Unwilling To Buy A Car From A Bankrupt Automaker
    Man, people are stupid.


    If Chrysler goes bankrupt and Wrangler Unlimiteds end up at Biglots for $10k, I'll just buy 2 upfront. One to drive, and one for "warranty purposes".

     Reply
    Feds was starred Feds was unstarred
    Image of SirNotAppearing SirNotAppearing
    12/05/08

    @Feds: Good call. And with gas at $1.75 again, nothing can go wrong with your plan. I'll take mine with the hard top.
     Reply
    SirNotAppearing was starred SirNotAppearing was unstarred
    Image of Ash78, cube farmer Ash78, cube farmer
    12/05/08

    In reply to CNBC Poll Finds 52% Unwilling To Buy A Car From A Bankrupt Automaker
    Unsure is probably people like me, where "it depends on whether they are transferring their warranty liability to a third party company"


    I have no problem with this. In fact, based on my experience with VW dealers over the past 14 years, I'd prefer to be able to take my car anywhere.

     Reply
    Ash78, cube farmer was starred Ash78, cube farmer was unstarred
    Image of layabout layabout
    12/05/08

    In reply to CNBC Poll Finds 52% Unwilling To Buy A Car From A Bankrupt Automaker
    Who are these people that phone or email these polls & vote unsure?
     Reply
    layabout was starred layabout was unstarred
    Image of Timtoolman, sporadically speaking Timtoolman, sporadically speaking
    12/05/08

    @layabout: Sometimes "unsure" is the guy who thinks it's none of anyone's business (at least when it comes to elections). I never respond to polls, myself, but if I did, it would be "uncommitted".


    I believe results of polls can tend to drive some people to vote or others NOT to vote. You know; you think your guy will win by a landslide, so you don't go to the polls...then he loses.

     Reply
    Timtoolman, sporadically speaking was starred Timtoolman, sporadically speaking was unstarred
    Image of Ash78, cube farmer Ash78, cube farmer
    12/05/08

    @timtoolman: Cheat sheet for phone pollsters:


    Yes; Sure; Okay = "Yes"
    No; Not a Chance; No way = "No"
    WTF; F*ck Off; Never Call Me Again = "Undecided"

     Reply
    Ash78, cube farmer was starred Ash78, cube farmer was unstarred
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