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09-01-2009, 03:01 PM
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CC Member
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Join Date: Feb 2005
Location: Northern,
CA
Cobra Make, Engine: Still Working on This
Posts: 301
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Not Ranked
Clunkers aid Ford, Toyota sales; GM, Chrysler fall
Well, given that all U.S. taxpayers currently own (at least in theory), pieces of both GM and Chrysler, not sure that this is exactly good news.
Suspect the next thing we will be reading about in 6-months is about the high percentage of the folks who, after participating in the cash for clunkers program, are defaulting on their auto loans...gee, an opportunity for another bailout perhaps?  |
09-01-2009, 07:58 PM
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CC Member
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Join Date: Jul 2007
Location: Waterford,
PA
Cobra Make, Engine:
Posts: 1,384
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Not Ranked
But hey, the clunkers program was a "success!" I mean they only spent 3 billion dollars on scrap metal. This in turn stimulated the auto industry..... Ok, now we've looked at the little picture. Now lets take a look at the big picture....
Scrap prices dropped, what's the 3 bil gonna cost in the long run, and what can the auto industry expect for sales for the rest of the year....maybe even into next year! now lets add all these people who hadn't bought a new car in so long because in reality they couldn't AFFORD one. Now they have it, the price of food is skyrocketing, fuel going up, winter on the prowl, and unemployment still on the rise.
Ya... sounds like success to me!
__________________
 Bagram AF Afghanistan
Last edited by fsstnotch; 09-01-2009 at 08:01 PM..
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09-01-2009, 08:02 PM
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CC Member
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Join Date: Apr 1999
Location: cleveland,
OH
Cobra Make, Engine: CSX4000, 427
Posts: 1,999
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Not Ranked
Yep, the answer to our economy is to encourage people to borrow more.
__________________
"After jumping into an early lead, Miles pitted for no reason. He let the entire field go by before re-entering the race. The crowd was jumping up and down as he stunned the Chevrolet drivers by easily passing the entire field to finish second behind MacDonald's other team Cobra. The Corvette people were completely demoralized."
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09-01-2009, 09:07 PM
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CC Member
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Join Date: Jul 2007
Location: Waterford,
PA
Cobra Make, Engine:
Posts: 1,384
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Not Ranked
Quote:
Originally Posted by Anthony
Yep, the answer to our economy is to encourage people to borrow more.
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Just people following the lead of the government! 
__________________
Bagram AF Afghanistan
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09-02-2009, 02:17 AM
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Senior Club Cobra Member
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Join Date: Dec 2001
Location: Shasta Lake,
CA
Cobra Make, Engine:
Posts: 26,617
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Not Ranked
But the Govt. just prints more money. The people can't. Instead of a cash bail out I would like a money printing press.
Ron |
09-03-2009, 05:07 AM
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CC Member
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Join Date: Aug 2007
Location: Lavon,
TX
Cobra Make, Engine:
Posts: 3,008
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Not Ranked
Quote:
Originally Posted by Ron61
But the Govt. just prints more money. The people can't. Instead of a cash bail out I would like a money printing press.
Ron
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Amen Brother
__________________
Why do they call it "Common Sense" when it is so rare?
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09-03-2009, 05:35 AM
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Senior Club Cobra Member
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Join Date: Feb 2006
Location: Rowlett,
TX
Cobra Make, Engine: Hurricane Motorsports; KC408w: 546HP/ 553TQ
Posts: 1,164
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Not Ranked
Heard on the radio yesterday that GM is mulling over building a factory in China.
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Cobra Mathematics: 0-100-0 < 12
2011 TCC President
JSHEL1 on the Web
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09-03-2009, 06:28 AM
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CC Member
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Join Date: Sep 2008
Cobra Make, Engine:
Posts: 1,120
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Not Ranked
August 09 sales against August 08 sales, DOWN 20 and 15 % for GM and Chrysler. Up 47% and 60% for Kia and Hundya.
Cash 4 Clunkers certainly was NOT a success for GOVERNMENT MOTERS.
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09-03-2009, 07:29 AM
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Senior Club Cobra Member
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Join Date: Dec 2001
Location: Shasta Lake,
CA
Cobra Make, Engine:
Posts: 26,617
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Not Ranked
I believe that unless the Govt. and union get out of GM they will never be able to recover and compete with some of the others. The Govt's job is to run the country, not compete in private business and they can do neither effectively.
Ron |
09-28-2009, 07:38 AM
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6th Generation Texan
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Join Date: Feb 2002
Location: Devil's Backbone,RR 32,
TX
Cobra Make, Engine: Lone Star Classics #240,Candy Apple Red,Keith Craft 418w - 602 HP,584 TQ
Posts: 8,157
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Not Ranked
Has anyone else noticed that the Cash for Clunkers Program got a lot of Obama bumper stickers off the road too ?
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09-29-2009, 07:33 AM
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CC Member
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Join Date: Mar 2000
Location: Fairfield, NJ, USA,
NJ
Cobra Make, Engine: A & C, 351W, Tremec 3550. Exiled Member: Club Cranky
Posts: 5,897
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Not Ranked
I talked to a Miata salesman the other day. They have a million out on the street in C4C money and have only been paid for 4 vehicles so far.
Roscoe
__________________
Roscoe
"Crisis occurs when women and cattle get excited!"....James Thurber
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