Heard on the news last night that GM and chrysler are talking about merging…
Merge = rising stock prices
Everytime i shop for something I first try to find one that is made in USA.i.e. bought a paint scrapper/putty knife.Red devil 3.99 made in china.Some other brand(4 or 5 letters) Made in USA 5.79.Bought the USA ona and needed one again a wek later as I left the other on at another job,bought the USA one again.
I too have thought about opening a USA only store in Amherst.I think it could be profitable.
I would shop there. Just sayin.
40 non-relevant posts removed from this thread
Keep your egos and your offtopic bullshit in your pants or take a 3 day vacation.
Only warning.
pm, me i have been working on the same theme. and a military vet owner.
GM has already started getting all the Buick Pontiac and GMC franchises under one roof… i think that might be foreshadowing
Dave,
How long until there are only a few dealers per 100 mile radius?You guys,west herr and paddock if he decided to branch off could run the whole area
D,
I think the NADA is predicting 800 dealers closing by the end of the year. Analyst are predicting 2,000 - 3,000.
My guess is wholesale/floor plan rates will continue to rise and lending will become even harder to come by at a higher rate.
Or if dealers lose their floor plan, I highly doubt anyone would pick them up at a reasonable rate.
My comments are based on my own personal opinion and not based on any knowledge from the company I work for.
well I think that’s the direction we are going in but that’s good for us!! Shit we are already in the top 10 in the nation so why slow down now?
I agree 100%. the guys with the cash to weather this will come out of it like bulldogs and own the market around them. Get ready for the future of Mega-dealers who are 50 miles or more away from each other. Hell Tampa FL only has 4 Chevy dealers for the whole city! (friend of my dad’s owns the Furhman Autogroup there)
Agreed just like the banks.only will be 10 or so probably in 10 yrs if taht long.
Did you get my PM Dave?
GM is Looking to aquire Chrysler now thats messed up. Welcome back AMC
Automotive news is saying a trade: Chrysler for the remaining 49% of GMAC
That’s pretty much what I thought - except Cerberus would be getting the better part of the deal: GMAC + Chrysler Financial => Cerberus Financial vs. GM-Chrysler Automotive. And if I were GM, I’d be hesitant to give up all of my captive finance arm, even though it lost $1.5 Billion last year.
All i know is my stocks are down big, my 401k’s lost a shit load and i still can care less! Im just happy gas only cost me 3.57 today! Sux for Gm, but it sux more for the middle class americans feeling more then this.
Hey Joe, bet you can get a new camaro next year really cheap now.
GMAC adopts more conservative lending policies for consumer auto loans amid credit crunch
Already have paperwork for it but am playing a little waiting game for some other details.
And I bought some GM stock today too.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aXdq61f3HmOw&refer=home
General Motors Plummets After Analyst Cuts Price Target to Zero
They also ducked out of the race to buy Chrysler. Now it looks like Hyundai and Nissan are sniffing around.