Looks like GM Axed its dealers today

[91DropTop]

http://news.yahoo.com/s/ap/20090515/ap_on_bi_ge/us_auto_dealers

its a shame

[Frosty]

I feel bad for the dealers...as for GM...I hope the crumble and disappear(ok, a little extreme but I have no sympathy for them).

[91DropTop]

I feel bad for the dealers...as for GM...I hope the crumble and disappear.

then more dealers will be out of luck.

I think gm just need to downsize to just 1 brand GM and have that be it, how many versions of the same car do you really need? at one point i think there were 5 different versions of the trail blazer, they are competing against themselves, i think it should just be GM and thats it no need for multiple brands selling the same crap in a different wrapper. keep one of each and have it just be GM

[BonzoHansen]

I posted this a few minutes ago

If you're bored...

MEDIA ADVISORY: North America Vice President, Vehicle Sales, Service and Marketing, Mark LaNeve to Discuss U.S. Dealer Consolidation Plans

05/15 8:00 am (PRN)



Detroit, Mich., May 15 -- (NYSE: GM) - General Motors North America Vice President Vehicle Sales, Service and Marketing, Mark LaNeve will host a media conference call on Friday, May 15, regarding GM's dealer consolidation activities.

The call will begin at approximately at 12 noon EDT. We recommend you dial in 10 minutes before the start time.

LaNeve will make a few brief comments and then take questions from the media. The call will last approximately 30 minutes. The call-in numbers are:



-- United States: 800 830 2812


-- International: +1 416 641 6283



No access code is required; just ask for the General Motors media conference.


A replay of this call is scheduled to begin on May 15, at approximately 1:30 p.m. ET and end on May 19 at approximately 1:30 p.m. ET. To access the replay, please dial (800) 633-8284 - or - [International] (402) 977-9140. Enter access code 21425138 to review the recording.




They all have too many dealers. They compete against each other and that kills margin. Dealers with 5 cars on the lot need to go.

[red97z]

hamilton chrysler is getting the axe too

[Knipps]

I wonder if the Hummer dealership, now Cadillac/Hummer they just built around the corner is going to get the axe

[Fast92RS]

So I wonder which ones in our area will be going out.

[maroman88]

I wonder if the Hummer dealership, now Cadillac/Hummer they just built around the corner is going to get the axe

dont that also have the gmc pontiac on the other side of 17 now also?

[jims69camaro]

oh goodie... 100,000 out of work car salesmen. wonder where else in sales they will end up? and bringing their specific bag of tools with them. be on the lookout.

[Knipps]

dont that also have the gmc pontiac on the other side of 17 now also?
:nod: There is.

[LuvMyF8LWS6]

Ouch! Glad I work for Ford!! lol

[91DropTop]

Ouch! Glad I work for Ford!! lol

i wouldnt get too comfortble they arent in much better shape

[NastyEllEssWon]

ford is in a lot better shape beings they didnt kill their pony car. i said it before and i said it again....gm killed the camaro and now the camaros turning around and returning the favor. good job new camaro. you sucked so bad even you couldnt help :nod:

[Frosty]

Nasty, if you think GM killing the Camaro and bringing it back has anything to do with their financial situation you're out of your mind. You're taking your dislike for the car and trying to make it more than what it is.

The Camaro is about .00001% of GM's problems, the car never was the make or break car for GM that people are trying to make it out to be. With a laundry list of management and financial issues the Camaro wasn't going to make a difference. The Camaro has officially been out for what, 2 months now? You can't even begin to judge any impact(positive or negative).

You're right about one thing, Ford is a lot better shape...I wish I was smart and had a set of balls...I was going to take a few bucks and invest in Ford a few months ago...their stock has been steadily rising since then. :mad:

[LuvMyF8LWS6]

You're right about one thing, Ford is a lot better shape...I wish I was smart and had a set of balls...I was going to take a few bucks and invest in Ford a few months ago...their stock has been steadily rising since then. :mad:

We have dealer meetings every month telling us how Ford stands vs. the rest and they are doing very well relatively speaking. Like me and the techs say "Ford pays the bills so my Chevy can win the races" I have a friend who invested in Ford when they were at their lowest. Smartest chick I know! haha

[Knipps]

SYMBOL PRICE PAID LAST PRICE CHANGE QTY MARKET VALUE PROFIT/LOSS %
F $2.40 $5.47 -$0.16 500 $2,735.00 $1,535.00 127.92%


:twak: If only that was real money.

[BigAls87Z28]

Even now, its still not a bad buy. My brother bought a few hundred shares a few months ago at around 3 bucks a share.
Almost 2 years ago, Ford looked as if it didnt know what it was doing
It had arguably the worst line up of any of the American automakers.
It was selling every thing they had.
And its sales were falling.
What is holding Ford above water was the big sell out. They used that cash to keep their heads above water, while GM and Chrysler picked up the goverment check.
At this point, its a perception game. Ford's product still havent improved that much. New Fusion and Taurus are great, Mustang has a nice revision, but the rest of thier line up is behind thier repsective class.
Focus is still a turd. How anyone buys that ugly POS over a Civic is beyond me. Only good part for Ford is that the Cobalt is still around.
Next year, both companies bring out replacements.
Linc and Merc still have no direction, nor does Ford sound like they have a plan for them. Merc is just sitting out waiting to die I guess while Linc isnt trying to go after anyone, they are just making nicer Fords.
Biggest advantage Ford has right now is that they have cash, so they didnt have to put thier hand out, therefor having a better image in the eyes of Americans.

[karr95]

Has anyone heard any GM dealers in NJ that are going out? My first guess would be Oasis Chevy, I didn't think there sales were all that great.

[LuvMyF8LWS6]

Al- stop your Ford hatin! Or I'm gonna run you down in my RANGER!!!!!!

[BigAls87Z28]

Gotta get past my POS ranger first...

[Tru2Chevy]

Has anyone heard any GM dealers in NJ that are going out? My first guess would be Oasis Chevy, I didn't think there sales were all that great.

No, they haven't published a list yet, and they won't be getting rid of them until October 2010 anyway.

- Justin

[Ian]

Gotta get past my POS ranger first...

what?!?!?!

[BigAls87Z28]

My work trucks...I have three 2008 Rangers
One of them already had a MAF failure, and its the one with the least amount of miles.
All three have tranny problems, none of them have over 17k on the clock
And they ride like ****, every single one of them.

[LuvMyF8LWS6]

That's cuz you guys probably drive them like rally cars! I know someone I went to college with who has a 93 Ranger 2.3L 5 Speed with 201k miles and still running strong. Never did anything but maintenance work to it. So Rangers rule. /ranger hijack

[Knipps]

So if you drive it like a grandma and don't do anything to it it'll survive. Rangers FTL

[BigAls87Z28]

Meh, dont drive it that hard outside of non-stop stop and go driving. I drive my caprice harder.
Id really like to get something a bit different and cooler then a pick up. I know that the Hub stores have HHR"s, Id like to get them, only not the pannel versions due to visability problems.