GLG News by Salvage Auto Auction Market Experts

Whether or not talks of a General Motors and Chrysler merger come to fruition, the fact that talks have taken place at all signals a new direction for the U.S. supplier industry.

Sales results for September only added to the woes of OEMs, lenders, and auto dealers already suffering through their worst year since 1993. Could it get worse?

The idea of GM buying out Chrysler is an exciting idea.  GM was willing to pay up to five billion dollars for the Jeep Division just a few years ago.  Imagine a Cadillac with a Hemi engine and so on.  Both companies would benefit from this merger and it would be an exciting time in the...

For years it has seemed that one (or all) of the Detroit Three, Ford, GM or Chrysler could be doomed. None of the companies has been profitable for years. What is the next step?

In July I published a GLG News analysis that attempted to detail opinions of auto dealer clients, associates on the manufacturing side of the business and several key lenders had regarding issues of mutual interest. Here is a followup on that analysis.

In July I published a GLG News analysis detailing opinions auto dealer clients, friends on the manufacturing side of the business and several key lenders had regarding issues of mitual interest. Here is a follow-up on that analysis

In comparing Ford's results with its peers, one has to ask the question: "why were Ford's numbers so much worse?"

The current cash crunch for auto makers, dealers and OEMs is having a significant impact on vehicle shoppers, even those with good credit.

The credit crunch that is keeping consumers away from car dealerships in September will have a fallout that results in September vehicle sales at their lowest levels since 1993.

The same issues that drove the nations largest Chevrolet dealer group to close its doors this week may prove to be the last straw for auto buyers.