carindustrycarnage

posts about #carindustrycarnage more →
Car Industry Carnage: October Sales Wrap-Up
Merrill Lynch: GM Bankruptcy Is "Not An Impossibility," Stock Price Plummets
Which Automaker Would You Vote Off The Island?
Car Industry Carnage: US Auto Sales Down 18.8% For June
Hummer Sales Fall 59.3%, Rest Of GM Sales Down 18.5%, Car Industry Carnage Continues

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General_Zad's_Chicken
11/04/08

In reply to Car Industry Carnage: October Sales Wrap-Up
At least GM is #1 of something again. ZING!
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Cognitive Friction
11/04/08

In reply to Car Industry Carnage: October Sales Wrap-Up
Chevy Malibus are flying off the lots...that's one of the Four Horsemen of the Malaise-ocalypse right?

Can I get a new Malibu with a landau roof, opera windows, bumpers that stick out 2 feet past the edge of the car, and "unleaded fuel only" stickers above the gas cap?
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Six Flags Over Tomsk
11/04/08

@Cognitive_Friction: Only if you pop for the "Brougham" package.
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jduffy13
11/04/08

In reply to Car Industry Carnage: October Sales Wrap-Up
As the economies bottom out they will go to the inevitable extreme of the bear side. Eventually and not too long from now they will bounce back and rather nicely. The problem in the interim is weathering the storm.

How much have companies put away to handle this situation? The well adapted ones have planned for this not only with cash reserves but products in mind to lure the consumers out of the caves they've crawled into.

There's money to be made out there for the intelligent companies.
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sos10
11/04/08

@jduffy13: The bounce back will take some time. and when it does, it wont bounce back to the levels most were used to. It might bounce up a bit first, but the hardest hits still have to come.

The products in mind you are referring to take years to develop, they wont come out on time.. companies were sleeping.

There are a few exception, Apples is the most obvious one... but in the car industry.. there is not much hope.
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Elhigh
11/04/08

In reply to Car Industry Carnage: October Sales Wrap-Up
Maybe people are realizing that their vehicles can be counted on to last more than two years? Crazy, I know...

How long did they expect this ride to last? The balloon's been going up for a long time, but eventually it's got to either cool off or pop. Cranking out cars and trucks as fast as they can, the market's going to fill up. Speculators flipping houses as fast as they can, eventually all the houses will be priced as high as they can possibly go, and the only way to buy one for any amount of time is on an ARM, but that's only going to last so long.

Hey, I just heard a pop.
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BЯдΖǐL-ЯЄРΘЯΤЄЯ
11/04/08

@Elhigh: Most vehicles also make more than 100k miles, 25k miles is not a reason to buy a new car.
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junkman
11/04/08

In reply to Car Industry Carnage: October Sales Wrap-Up
Despite the carnage, the Ford F series still is number one. It's remarkable how we've been conditioned to buy products that we generally don't need.
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SeanKHotay
11/04/08

@junkman: Yeah, but the selling rate of the New F-150 is literally 1/3 of the last New F-150.
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SeanKHotay
11/04/08

@SeanKHotay: FTR, 300K/yr 2009 v. 950K+ 2004.
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acarr260
11/04/08

In reply to Car Industry Carnage: October Sales Wrap-Up
So how long before suppliers start demanding payments be made on time? As a follow-up question, how long before suppliers start declaring bankruptcy. I work at an OEM/Tier 1 supplier (that's profitable) and we're forcing salaried employees to take unpaid weeks off in the coming two months. Happy Holidays, guys...
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acarr260
11/04/08

In reply to Car Industry Carnage: October Sales Wrap-Up
I guess I picked the wroing week to stop sniffin' glue...
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Das ASHloch (achtundsiebzig)
11/04/08

In reply to Car Industry Carnage: October Sales Wrap-Up
Mini seems to be doing well, and VW Light Trucks (all two of them?) are up over 100% YTD. But that's what happens when you double your offerings. Same with BMW trucks, perhaps, with the addition of X6.

Sometimes the data is TOO granular to draw many conclusions. But there's a whole lotta red ink out there.
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SeanKHotay
11/04/08

@Ash78: And half of VW's light truck offerings is a Chrysler.

(Minivan Touran, no?)
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