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Breaking: GM September Sales Miss!!! Look Out Dealers, Here Come The Cars Whether You Can Sell Them Or Not...

 
Saddletramp
We Don't Rent Pigs...

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10/02/2012 10:28 AM

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Breaking: GM September Sales Miss!!! Look Out Dealers, Here Come The Cars Whether You Can Sell Them Or Not...
From Zerohedge.com

GM's stock is not enjoying news that its September sales rose 1.5% from last year, on expectations of a 2.8% increase. And while this is surprising considering the government is now in the business of funding not only the student loan bubble but Government Motors' NINJA purchasers (someone has to make those labor union votes happy) making the cost of new vehicles essentially zero when netting out the debt, what is not surprising is that GM management has once again resorted to the age old gimmick which never fails to provide an artificial boost to the true condition of GM car sales, i.e., Channel Stuffing. Because after moderating in the past few months after peaking in March, dealer inventory has once again resumed rising, and is now higher for the third month in a row, increasing to 689,334 units in September. Expect this number to continue ramping into year end as less and less GM cars are sold as we enter the dead winter season...

[link to www.zerohedge.com]

Welcome to your tax dollars hard at work...

osuper

Last Edited by Saddletramp on 10/02/2012 10:29 AM
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Saddletramp (OP)
We Don't Rent Pigs...

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10/02/2012 10:33 AM

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Re: Breaking: GM September Sales Miss!!! Look Out Dealers, Here Come The Cars Whether You Can Sell Them Or Not...
Hell the U.S. Govt is two years ahead on purchases of GM vehicles for Govt agencies, and this company still can't get it's ass out of the mud...
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
PravdaDemocrat

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10/02/2012 11:19 AM
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Re: Breaking: GM September Sales Miss!!! Look Out Dealers, Here Come The Cars Whether You Can Sell Them Or Not...
Hell the U.S. Govt is two years ahead on purchases of GM vehicles for Govt agencies, and this company still can't get it's ass out of the mud...
 Quoting: Saddletramp


Just wait until the inevitable Ally/GMAC Bank Bailout, for all those Credit Criminal car loans they have made.

President Romney is gonna have his hands full.
Anonymous Coward
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10/02/2012 11:41 AM
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Re: Breaking: GM September Sales Miss!!! Look Out Dealers, Here Come The Cars Whether You Can Sell Them Or Not...
But Obama is telling us this was a success and how awesome he is.
Saddletramp (OP)
We Don't Rent Pigs...

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10/02/2012 12:02 PM

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Re: Breaking: GM September Sales Miss!!! Look Out Dealers, Here Come The Cars Whether You Can Sell Them Or Not...
Hell the U.S. Govt is two years ahead on purchases of GM vehicles for Govt agencies, and this company still can't get it's ass out of the mud...
 Quoting: Saddletramp


Just wait until the inevitable Ally/GMAC Bank Bailout, for all those Credit Criminal car loans they have made.

President Romney is gonna have his hands full.
 Quoting: PravdaDemocrat


Yeah, that "sub-prime" auto lending is going to come back to haunt us soon too...
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Anonymous Coward
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Canada
10/02/2012 12:17 PM
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Re: Breaking: GM September Sales Miss!!! Look Out Dealers, Here Come The Cars Whether You Can Sell Them Or Not...
I want my free Obama car!
The Governor

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10/02/2012 12:18 PM
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Re: Breaking: GM September Sales Miss!!! Look Out Dealers, Here Come The Cars Whether You Can Sell Them Or Not...
But Osama's still dead, right?

ohappy
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I think being a Democrat should be a felony.

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No Dhimmi
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10/02/2012 12:19 PM

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Re: Breaking: GM September Sales Miss!!! Look Out Dealers, Here Come The Cars Whether You Can Sell Them Or Not...
Obummer Plate
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The religion of submission cannot survive an open and honest discussion of its convoluted and foolish scriptures, its sexually perverted terrorist prophet, or its deceitful and demented god. When Western leaders become unified and resolute in their hostility to Islam's violent and ungodly beginnings, Muslims will flee the religion because they will be horrified by its endorsement of terrorism, mass murder, slave trading, plunder, kidnapping, and rape.

If Muslims & their apologists really want to cure "Islamophobia," here is an easy way. Focus their indignation on Muslims committing violent acts in the name of Islam, not on non-Muslims reporting on those acts.
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We are all born ignorant, but it takes a lot of work to keep looking the other way to remain stupid.

Islam is not a race - the racism rant is lame, used by the intellectually lazy to derail the debate.
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10/02/2012 12:32 PM

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Re: Breaking: GM September Sales Miss!!! Look Out Dealers, Here Come The Cars Whether You Can Sell Them Or Not...
Germany's down 10%.
"The earth is mother of us all, for she is just; but you, because you are unjust have pretended that she is your mother alone; and if you do not stop, I will not permit you to remain upon her."

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Anonymous Coward
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10/02/2012 12:48 PM
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Re: Breaking: GM September Sales Miss!!! Look Out Dealers, Here Come The Cars Whether You Can Sell Them Or Not...
what does it take to get one of those ALLY car loans? I need a new truck. Serious question.
Anonymous Coward
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10/02/2012 12:54 PM
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Re: Breaking: GM September Sales Miss!!! Look Out Dealers, Here Come The Cars Whether You Can Sell Them Or Not...
Interesting...

Didn't we just get told that the Gov refused to sell GM back to private ownership due to the fact that they would lose their asses on the deal... How do gov contracts for vehicles "help" a gov owned business? That's like an artist buying their own art...
Anonymous Coward
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Australia
10/02/2012 01:23 PM
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Re: Breaking: GM September Sales Miss!!! Look Out Dealers, Here Come The Cars Whether You Can Sell Them Or Not...
We have a GM plant here in my city, & they have announced that they will be cutting production (hence workers) due to poor sales.

I don't like these cars anyway, because they make a lot of our country's cop cars, & I'm usually taken to the Popo station in one.

banana2
Anonymous Coward
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10/02/2012 01:29 PM
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Re: Breaking: GM September Sales Miss!!! Look Out Dealers, Here Come The Cars Whether You Can Sell Them Or Not...
I believe a lot of that bail out money for the auto giants were funds to have the tools ready for war time production.

Here come the riveting ladies, building B2 bombers for Freedom.

Get your ration cards, victory gardens and have our kids scrap metal for the troops.


It's a coming!
Anonymous Coward
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10/02/2012 01:33 PM
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Re: Breaking: GM September Sales Miss!!! Look Out Dealers, Here Come The Cars Whether You Can Sell Them Or Not...
We have a GM plant here in my city, & they have announced that they will be cutting production (hence workers) due to poor sales.

I don't like these cars anyway, because they make a lot of our country's cop cars, & I'm usually taken to the Popo station in one.

banana2
 Quoting: Anonymous Coward 24050826


GM is awesome, I buy GM over any other.

Fact is they LAST up to 500k miles if cared for properly. They can be boosted on stock bottom up to 12 psi safely....no other manufacturer can say that.

You just need to stop breaking the law buddy!!!
Anonymous Coward
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10/02/2012 04:00 PM
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Re: Breaking: GM September Sales Miss!!! Look Out Dealers, Here Come The Cars Whether You Can Sell Them Or Not...
Stuff that channel, boy, but stuff it good!

scream
Mr. Wilder
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10/02/2012 04:24 PM
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Re: Breaking: GM September Sales Miss!!! Look Out Dealers, Here Come The Cars Whether You Can Sell Them Or Not...
We have a GM plant here in my city, & they have announced that they will be cutting production (hence workers) due to poor sales.

I don't like these cars anyway, because they make a lot of our country's cop cars, & I'm usually taken to the Popo station in one.

banana2
 Quoting: Anonymous Coward 24050826


GM is awesome, I buy GM over any other.

Fact is they LAST up to 500k miles if cared for properly. They can be boosted on stock bottom up to 12 psi safely....no other manufacturer can say that.

You just need to stop breaking the law buddy!!!
 Quoting: --Voltaic--


Uh, yeah. Pffft, ANY car will last 500k if you keep replacing parts, lol. And that will be par-for-the-course with a GM product. Let's take a GM truck: The carrier bearing, fuel pump (located IN THE GAS TANK), and intake manifold gasket will most assuredly FAIL before the 100k mark...Guaranteed! ....but...but, at least the parts will be inexpensive. If you like turning a wrench, then by all means, BUY A DOMESTIC.
Renegade (Me too)

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10/02/2012 04:34 PM

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Re: Breaking: GM September Sales Miss!!! Look Out Dealers, Here Come The Cars Whether You Can Sell Them Or Not...
Hell the U.S. Govt is two years ahead on purchases of GM vehicles for Govt agencies, and this company still can't get it's ass out of the mud...
 Quoting: Saddletramp


Will they make them cheap for purchasing?

Last Edited by Renegade () on 10/02/2012 04:39 PM
Who is John Galt?
CharlieMurphy

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10/02/2012 04:41 PM
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Re: Breaking: GM September Sales Miss!!! Look Out Dealers, Here Come The Cars Whether You Can Sell Them Or Not...
Speaking as a ex car salesman, I can say this isn't really that bad. It helps to have a better variety of vehicles. Customers are usually pretty specific in there needs. And when I was working it was hard finding the exact car they were looking for .
Fuck Yea!
ReVbo™
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10/02/2012 04:44 PM

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Re: Breaking: GM September Sales Miss!!! Look Out Dealers, Here Come The Cars Whether You Can Sell Them Or Not...
what does it take to get one of those ALLY car loans? I need a new truck. Serious question.
 Quoting: Anonymous Coward 15138903


A pulse and the ability to sign your name.

Not kidding.
Rev. 21:4 He will wipe every tear from their eyes. There will be no more death or mourning or crying or pain, for the old order of things has passed away.
Anonymous Coward
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10/02/2012 05:06 PM
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Re: Breaking: GM September Sales Miss!!! Look Out Dealers, Here Come The Cars Whether You Can Sell Them Or Not...
The smell of Kash for Klunkers II is in the air.
Anonymous Coward
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Australia
10/02/2012 07:10 PM
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Re: Breaking: GM September Sales Miss!!! Look Out Dealers, Here Come The Cars Whether You Can Sell Them Or Not...

You just need to stop breaking the law buddy!!!
 Quoting: Anonymous Coward 24050826


You need to find yourself a sense of humour, it must be lonely there in Marlborough country
Anonymous Coward
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10/02/2012 07:35 PM
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Re: Breaking: GM September Sales Miss!!! Look Out Dealers, Here Come The Cars Whether You Can Sell Them Or Not...
don't need no new car. just buy 500 dollar car with a new inspection sticker. if it won't pass inspection next go around just score another beater with a new sticker.

OBD-II sucks bad. avoid at all cost.
Anonymous Coward
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10/03/2012 08:30 AM
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Re: Breaking: GM September Sales Miss!!! Look Out Dealers, Here Come The Cars Whether You Can Sell Them Or Not...
We have a GM plant here in my city, & they have announced that they will be cutting production (hence workers) due to poor sales.

I don't like these cars anyway, because they make a lot of our country's cop cars, & I'm usually taken to the Popo station in one.

banana2
 Quoting: Anonymous Coward 24050826


GM is awesome, I buy GM over any other.

Fact is they LAST up to 500k miles if cared for properly. They can be boosted on stock bottom up to 12 psi safely....no other manufacturer can say that.

You just need to stop breaking the law buddy!!!
 Quoting: --Voltaic--


GM's motor may last 500k miles, but the rest of the car falls apart. Maybe you should look into buying Ford - Not only does the motor last even having the crap driven out of it, but the body after 200k miles still feels like a very slightly used extremely low mile GM. GM after 200k miles is JUNK

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