GLG News by Salvage Auto Auction Market Experts
Analysis of:
Chrysler Says No Basis To Bankruptcy Rumor (www.nytimes.com)
Liquidity concerns for all U.S. automakers have risen as sales drop and credit issues rise. What's in store for Chrysler?
June 26, 2008
View from the front lines of automotive retailing- It's very lonely out here in domestics
Analysis of:
GM May Need A Loan, And Soon (www.forbes.com)
View from the front lines of automotive retailing- It's very lonely out here in domestics
The joke is that the only place lonlier than a GM dealers showroom is the Chrysler /Dodge Dealer across the street. What does that mean? It means that retailers sporting a domestic brand will need to retrench and regroup ...start stocking up on used imports which are still selling well, and pray for...
Analysis of:
GM May Need A Loan, And Soon (www.forbes.com)
We know that no wants to buy gas guzzlers, right? Correct, but some of them, along with other luxury high-enders are also selling.
Analysis of:
Deepening gloom at General Motors (money.cnn.com)
In February, I did an article raising the question of a possible automaker bankruptcy. At the time it didn't seem that things could get much worse in the auto sector. Guess what.....they did. With all of the automakers burning through cash at unprecedented rates, perhaps its time to raise the question...
Analysis of:
Car Max's Woes Point To Heightened Challenges For Auto Makers (online.wsj.com)
Along with CarMax's report of a 55% drop in fiscal first-quarter profit, stocks of U.S. auto makers fell across the board, as high fuel prices and general economic weakness weigh on consumer sentiment.
Analysis of:
BIAfn: Small-Market Radio Will Rebound Sooner (www.radioink.com)
Gas prices are up, auto sales are down. Automakers are looking for additional ways to cut costs. You can bet that advertising is going to be one of them.
Analysis of:
Chrysler Lures Buyers With Fuel Incentive; Program Extended (money.cnn.com)
Gas prices keep going up and Chrysler executives keep trying to pump life-and hype-into their gas-price protection incentive, which they have extended through July 7.
Analysis of:
G.M. Shifts Focus To Small Cars in Sign of Sport Utility Demise (www.nytimes.com)
GM can't just wish away the Hummer dilemma. It has four major options, sell it, discontinue the brand, try to remake it as a "green" vehicle, or stick with it as it is.
Analysis of:
Chrysler Falls In Vehicle Quality Study; Chevy, Ford Gain (money.cnn.com)
The quality of vehicles built for American consumers has improved virtually across the board according to J.D. Power. A notable exception: Chrysler.
Analysis of:
Truck Sales Sink, Shaking Up Auto Market (online.wsj.com)
May was a watershed month for an industry catching up with the breathtaking changes that customers are now making.
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