Quote Of The Day: Gravity Always Wins Edition
The public plan is 19 percent and change. That is what everything is being based on
GM board member Steven Girsky repeats Fritz Henderson’s assumption that GM’s market share will be stable and predictable . Of course, if that’s the case, someone’s got some ‘splainin to do about the last 30 years. Luckily though, we’ve got some good news for Messrs Girsky and Henderson. According to Autoobserver:
Edmunds.com, the premier online resource for automotive information, has preliminarily forecast General Motors (GM) retail market share for October to rise to 22.4 percent from the third-quarter retail average of 19.1 percent
Wait, Edmunds’ forecast is based on unique pageviews for GM models at Edmunds.com? Never mind then. Let’s go instead to TTAC’s unique sales forecasting and analysis department and see if GM will hit 22.4 percent market share in October. Forecasters? Shakes vigorously. What’s that? “Signs point to no?” Aw, too bad.
More by Edward Niedermeyer
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There is no past at GM. Thats dead gone doesn't exist anymore. Channel stuffing ain't happening. In fact channel stuffing ain't gonna happen even if someone wanted it to because theres a serious steel shortage. The steel reduction during the downturn is 4 months minimum from comming back online. When many of the steel furnaces went offline the refractory bricks in the furnaces cracked and have to be replaced. Once thats done the furnaces take 3 months to come up to temp before a single run of steel can be made.
I like Comparing Old GM and new GM to past empires. Trying to get GM back to even a 30% market share is like asking Rome, Germany, or Japan to become an empire again.
Steel is a world-wide commodity. Your order will be on your receiving dock two weeks after your check clears. Sorry to hear about your bricks.
we want the kind that doesn't rust :) Oh Snap!