Comments on: Chrysler, Ford, GM Downgraded on Cash Flow Concerns

By: joeaverage

joeaverage — Mon, 23 Jun 2008 19:00:23 +0000

Local GMC dealer has a big banner that says $12K off of their trucks and SUVs. I’m sure there is fine type restrictions but anyhow…

Sure would like to have a big garage where I could park one of these for occasional use. Might be a truck I’d keep for 20 years just for towing and hauling. Wash and wax on the weekends.

By: windswords

windswords — Sun, 22 Jun 2008 11:38:30 +0000

Yesterday I was driving by a Toyota dealer and they had one of those red LED electronic signs. It said “$6000 off new Tundras!”. Since I doubt that ToMoCo is offering that much in a customer rebate it means the dealer is discounting all on his own or (more likely) ToMoCo is offering dealer only incentives so the dealers can lower their price. The imports often do this instead of offering consumer rebates so it doesn’t seem to the public they are having “fire sales”.

By: hltguy

hltguy — Sat, 21 Jun 2008 19:17:00 +0000

Not only are the automakers trying to dump the trucks and SUV’s with massive incentives, in this part of California, there are considerable numbers of late model trucks and SUV’s for sale, via the newspaper, dealerships, on-line, auto sale magazines, street corners, Wal Mart parking lots etc. I would guess it’s the same scenario all over the country.

By: jaje

jaje — Sat, 21 Jun 2008 19:07:19 +0000

WSJ reported that June sales will be down at least 30-40% at the D2.8, 10% for Toyota and 2% for Honda. This should put it on pace for 12.1 million cars sold worse month since 1989 for June and worst season since 1992.

By: Stein X Leikanger

Stein X Leikanger — Sat, 21 Jun 2008 16:49:22 +0000

http://www.nytimes.com/2008/06/21/business/21ford.html?_r=1&oref=slogin

http://www.nytimes.com/2008/06/21/business/21amtrak.html?_r=1&partner=rssnyt&emc=rss&oref=slogin

By: hwyhobo

hwyhobo — Sat, 21 Jun 2008 16:16:20 +0000

Okay, we need some automotive news besides D2.8 death watch… :-w