THIS is why GM is going down

Discussion in 'Economy' started by DavidS, Nov 19, 2008.

  1. DavidS
    Offline

    DavidS Anti-Tea Party Member

    Joined:
    Sep 7, 2008
    Messages:
    9,811
    Thanks Received:
    766
    Trophy Points:
    48
    Location:
    New York, NY
    Ratings:
    +767
    I just spoke to three dealerships posing as a customer asking them the "What if?" question about GM going out of business...

    One of them told me that GM has enough money to last them another 5-10 years, another told me that because the owner of the dealership owns a Toyota dealership, the GM dealership will stay in business and the last one told me that if I came in to buy a car today and GM went out of business, I wouldn't be responsible for my car payments! :eek:

    When you have morons selling cars, that don't give you a reason to trust you you don't sell cars. You don't sell cars, you go out of business.
     
  2. sealybobo
    Offline

    sealybobo Diamond Member

    Joined:
    Jun 5, 2008
    Messages:
    50,453
    Thanks Received:
    3,186
    Trophy Points:
    1,845
    Location:
    Michigan
    Ratings:
    +10,136
    So it isn't the consumers fault?

    But in the housing market, it was the consumers fault?
     
  3. glockmail
    Offline

    glockmail BANNED

    Joined:
    Aug 31, 2006
    Messages:
    7,700
    Thanks Received:
    433
    Trophy Points:
    83
    Location:
    The beautiful Yadkin Valley
    Ratings:
    +438
    You think guys that sell Toyotas are any smarter? :lol:
     
  4. user_name_guest
    Offline

    user_name_guest Member

    Joined:
    Sep 19, 2008
    Messages:
    704
    Thanks Received:
    43
    Trophy Points:
    16
    Ratings:
    +43
    I see more of a combination of faults between the ones lending the money and the ones borrowing it. It takes two to tango.
     
    • Thank You! Thank You! x 1
  5. CA95380
    Offline

    CA95380 USMB Member

    Joined:
    Jul 23, 2008
    Messages:
    2,779
    Thanks Received:
    186
    Trophy Points:
    48
    Location:
    Central California
    Ratings:
    +186
    http://www.usmessageboard.com/current-events/64503-who-is-going-to-ask-for-the-next-bailout-2.html#post904795
     
  6. seth1492
    Offline

    seth1492 Member

    Joined:
    Sep 15, 2008
    Messages:
    102
    Thanks Received:
    14
    Trophy Points:
    6
    Ratings:
    +14
    Yeah I think the automakers are at fault for not producing cars that can compete. If there cars and trucks are expensive and have low mpg then of course business will be slow. It doesn't take a financial wizard to know that! GM and Ford need to start competing with honda, toyota, and hyundai 10-15 years ago to avoid this bailout!
     
  7. bk1983
    Offline

    bk1983 Off too Kuwait..

    Joined:
    Oct 17, 2008
    Messages:
    1,431
    Thanks Received:
    109
    Trophy Points:
    48
    Ratings:
    +109
    So you mean to tell me a car salesman lied to you?? :eek:
     
  8. DavidS
    Offline

    DavidS Anti-Tea Party Member

    Joined:
    Sep 7, 2008
    Messages:
    9,811
    Thanks Received:
    766
    Trophy Points:
    48
    Location:
    New York, NY
    Ratings:
    +767
    :lol:
     
  9. Neubarth
    Offline

    Neubarth At the Ballpark July 30th

    Joined:
    Nov 8, 2008
    Messages:
    3,751
    Thanks Received:
    199
    Trophy Points:
    48
    Location:
    South Pacific
    Ratings:
    +199
    A lot of people are not well educated. They still need to make a living in this life in spite of their limited understanding of finances and the business world.
     
  10. tigerbob
    Offline

    tigerbob Increasingly jaded.

    Joined:
    Oct 27, 2007
    Messages:
    6,225
    Thanks Received:
    971
    Trophy Points:
    153
    Location:
    Michigan
    Ratings:
    +972
    Their problems aren't really much to do with expensive and low mpg. If you do a cross comparision on, let's say, full size pickups, you'll find that the domestics are at parity or better than the imports.

    Their internal problems are to do with
    1) High production costs
    2) Poor quality

    It's true they need higher mileage cars now, but that's a relatively recent problem (and it's also true, one they should have been better prepared for).

    By the way, expensive and low mpg sounds like SUVs and trucks to me - the very things that they have made most money on until recently.
     
    Last edited: Nov 20, 2008

Share This Page

Search tags for this page

why are gm dealerships full of morons