U.S. sales of domestically produced light vehicles

September 19, 2008


A slowdown in U.S. construction, tight credit market conditions and weak consumer confidence have contributed to the overall slump in U.S. auto market over the past three years. Many analysts believe the industry will not see significant recovery in 2009.  — Datastream and Thomson Reuters Proprietary Research

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analysts are delusional about a 2009 recovery in autos and heres why-

1. the public no longer wants a 40,000 car 15,000 transportation model is just fine
2. public does not want any new payments–drive the old one a year or two longer
3.And the Biggest reason of all—-automakers are overpromising the public on electric and hybrid vehicles–ie GM’s Volt -ready in 2010–100 miles to the gallon -40 miles on a single charge–

doesn’t anyone realize that if you are trying to clear inventory of 20mpg behemoths and offer 72 month financing—the public thinks if I only wait 1 1/2 years I can buy an electric model and save all that gas–also why buy a $30-$40,000 that will mbe totally obsolete and worthless in 2 years and I’ll still be paying for another 4-5 years.
the automakers are sowing the seeds mof their own demise and No bailout package will help—if they couldn’t make money 2 years ago selling the most vehicles in history–they certainly won’t know.
Be careful of any positive financial results that can be manufactured just by them buying their own debt in the open market

Posted by dominick speziale | Report as abusive