The real reason Kerkorian slashes stake in GM
George Orwell
splash lubrication and solid babbit connecting rod bearings through the
model year 1952 when everybody else had advanced to pressure feed and
precision inserts.
This backwards design philosophy permeates to this very day. If you want
an up to date car, buy a Ford.
Nate Nagel
BWAHAHAHAHAHAHA! Yeah, those self destructing transmissions are a
really a "better idea." I don't trust any of the big three as far as I
can push them.
I have to say though, as unpleasant as Vlad the Impala is to drive, he
did a pretty good job of not falling apart when I ran over a deer last
weekend. The front suspension is clunking and rattling, but it was
doing that before, too.
nate
--
replace "fly" with "com" to reply.
http://home.comcast.net/~njnagel
Mike Marlow
"George Orwell" <nob...@mixmaster.it> wrote in message
news:0e5befb40e8db023...@mixmaster.it...
What the hell does 1952 have to do with 2006?
--
-Mike-
mmarlo...@alltel.net
John Horner
GM's engines are largely ahead of Ford today. One of the reasons the
Escalade continues to tromp all over the Navigator is it's superior
engine line-up.
John
hls
Saw an interview with the new Ford CEO last night, Mullaly I think his name
is.
Would seem that Ford is worse off financially than GM and has pretty tough
short term planning to try to turn things around. Strange and a little
pitiful for
a company that was, only a few years ago, the most financially liquid of
its
type in North America.
I havent owned a Ford in years. My first GM rode so much better that I
could
never quite get up for another Ford. Last time I tried was 1990 when I
thought
the Thunderbird looked impressive. After driving a half dozen of them at
different
dealerships, I decided they were basically rattletraps.
Mike Hunter
numbers of them setting on the used car lots of domestic new car dealers.
;)
mike
"Nate Nagel" <njn...@flycast.net> wrote in message
news:ek58h...@news2.newsguy.com...
Mike Hunter
'Y' that I bought used in 2005 is a much better car then the 1983 brand 'X'
I bought used in 1985. It must be true my new $32,000 2007 Mustang GT
convertible is a much better car than the $600 Toyota Toyopet I bought new
in 1957. LOL
mike hunt
"Mike Marlow" <mma...@alltel.net> wrote in message
news:263ef$45664afa$452895ad$16...@ALLTEL.NET...
Mike Hunter
Navigator V8 that makes you believe what you believe?
mike
"John Horner" <jtho...@yahoo.com> wrote in message
news:fCt9h.2472$a_2.1521@trnddc01...
Mike Hunter
mike
"hls" <h...@nospam.nix> wrote in message
news:A%u9h.2989$yf7...@newssvr21.news.prodigy.net...
who
"Mike Hunter" <mike...@mailcity.com> wrote:
> Apparently not all foreign car buyers agree with your opinion. I see huge
> numbers of them setting on the used car lots of domestic new car dealers.
> ;)
Check your glasses or slow down when you pass,
those are probably part of Chryslers 1.5 million unsold problem.
Mike Hunter
mike
"who" <i...@notaspammer.net> wrote in message
news:i-5A73FC.12...@news.telus.net...
Jim Higgins
"Mike Hunter" <mike...@mailcity.com> wrote in message
news:XimdnYZP2_5...@ptd.net...
In a previous life Mikey was a GM product-a Chevrolet Vega
Mike Hunter
mike
"Jim Higgins" <gordi...@hotmail.com> wrote in message
news:12mepnt...@corp.supernews.com...
Steve
> Apparently not all foreign car buyers agree with your opinion. I see
huge
> numbers of them setting on the used car lots of domestic new car dealers.
> ;)
>
Car dealers do not sell only used cars that they take in trade. They get
most of them from outside sources. A Chevy dealer loves to have a few
Toyondarus around since it llooks like they were traded in there.
Mike Hunter
Chevy dealers lot and not wonder why the owner did not buy another Toyota?
I do not intend to teach a school in a NG but as a former group Sales
Manager for one of the largest mega dealerships on the east coast, that sold
500 or more new vehicles monthly, I can assure you any dealership worth its
salt needs to get RID of their used stuff, not buy more. If a dealership
needs to buy used cars to fill his lot, he is in trouble and not selling
enough new stuff
If a dealership does have a need for a certain type of late model vehicle he
would not go to a wholesaler in any event, he would go to one of his brands
numerous auctions where he can buy them at a better price.
If we could not retail a used piece in two or three months we sold them off
to numerous wholesalers that cruise the lots. Those not worth offering for
sale are sold to them as soon as traded. Used cars are not like new cars,
they tie up capital and depreciate monthly. LOL
mike
"Steve" <h90...@hotmail.commie> wrote in message
news:M6Odndm-Nq2vXfrY...@comcast.com...
Edwin Pawlowski
> Manager for one of the largest mega dealerships on the east coast, that
> sold 500 or more new vehicles monthly, I can assure you any dealership
> worth its salt needs to get RID of their used stuff, not buy more. If a
> dealership needs to buy used cars to fill his lot, he is in trouble and
> not selling enough new stuff
I guess the GM dealers in town are not selling enough. Both the
Buick-Pontiac and the Cadillac-GM dealers in my town bring in used cars.
Some are GM "program" cars from rental fleets, the Buick dealer bings in
cars used on the PGA tour, but both brink in a variety of brands to sell,
both foreign and domestic. I can't say about the Chevy dealer. The Caddy
dealer though, is running an ad stating "we brought in some late model cars
for special deals"
You may be correct in a large dealership, but the small town guys here don't
get enough good trades to supply the demand they have for late model used
cars. As for being in trouble, both dealerhisps have been here many years
and have expanded a bit since I've been here.
I certainly hope these facts don't get in the way of your opinions. This is
in Putnam, CT if you'd like to call and veriffy this.
<RJ>
wrote:
>I do not intend to teach a school in a NG but as a former group Sales
>Manager for one of the largest mega dealerships on the east coast, that sold
>500 or more new vehicles monthly, I can assure you any dealership worth its
>salt needs to get RID of their used stuff, not buy more. If a dealership
>needs to buy used cars to fill his lot, he is in trouble and not selling
>enough new stuff
>
Many new car dealers don't want to deal with trade-ins.
When I bought my last car,
the dealer quoted a good price on the new car,
but then he quoted a low price on my trade-in.
When I pressed further, he said;
They really didn't want my car, and
I'd do better to sell it myself.......
( new-car price wouldn't change )
OHMYGAWD.... I agreed with Mike.....
gotta get my keyboard cleaned.
<rj>
Edwin Pawlowski
"<RJ>" <bara...@localnet.com> wrote in message
> Many new car dealers don't want to deal with trade-ins.
>
Not true. When I traded my '91 Regal, the dealer gave me $1 for it. I'll
bet they made big bucks selling it. They could have easily made ten times
that on the lot.
Mike Hunter
said, dealers do not buy other brands from wholesales and that if they need
cars they buy them (program cars) at their manufacture auctions.... I they
are indeed buying other brands, they are not selling enough cars.
If the dealership(s) was in our group I would fire both the new and used
car Managers, if what you believe to be true is true. I certainly hope
these facts don't get in the way of your opinions, in any event thanks for
reaffirming what I posted ;)
mike
"Edwin Pawlowski" <e...@snet.net> wrote in message
news:Y63ah.14961$Sw1....@newssvr13.news.prodigy.com...
Mike Hunter
are sold to a wholesaler the day they are traded, or taken to a salvage yard
that pays by the pound, generally between $60 and $80 ;)
mike
"Edwin Pawlowski" <e...@snet.net> wrote in message
news:217ah.25308$yl4....@newssvr12.news.prodigy.com...
Edwin Pawlowski
> If your car was only worth that much, that is one example of the kind that
> are sold to a wholesaler the day they are traded, or taken to a salvage
> yard that pays by the pound, generally between $60 and $80 ;)
>
>
> mike
Exactly. In good condition it was worth $850 book value. To get it up to
snuff to be worth $850 would cost about $1200. I could have gotten more at
the junk yard, but it was not worth the hassle and I needed transportation
to the dealer so it was a convenient way to get rid of it. You don't see
that type of car on the new car dealer lots.
Edwin Pawlowski
> Perhaps you did not read the part of my post, before you deleted it that
> said, dealers do not buy other brands from wholesales and that if they
> need cars they buy them (program cars) at their manufacture auctions....
> I they are indeed buying other brands, they are not selling enough cars.
>> I guess the GM dealers in town are not selling enough. Both the
>> Buick-Pontiac and the Cadillac-GM dealers in my town bring in used cars.
>> Some are GM "program" cars from rental fleets, the Buick dealer bings in
>> cars used on the PGA tour, but both bring in a variety of brands to sell,
>> both foreign and domestic.
As you can see, I said they bring in a variety of brands. NOT just program
cars. If you go by the B-P dealer, you will see a Hyundai parked on the
right side of the building, a Toyota in the front line, They came from an
auction. That is what the salesmanger told me. He had a nice Mustang
convertible in the spring and got top dollar for it. They do make a good
portion of their sales from used cars.
Paradox
I call bullshit, you can sell any car as long as its running to a mexican
for at least $500.
Paradox
I call bullshit, you can sell any car as long as its running to a mexican
for at least $500.
hls
> cars. If you go by the B-P dealer, you will see a Hyundai parked on the
> right side of the building, a Toyota in the front line, They came from
> an auction. That is what the salesmanger told me. He had a nice Mustang
> convertible in the spring and got top dollar for it. They do make a good
> portion of their sales from used cars.
When Buick came out with the Lucerne as the replacement for the LeSabre,
our local Buick dealership didnt have one, and I was told they had not
ordered
any new Buicks. I thought that was a bid odd, so wife and I went to the
Buick
dealership in the next town to see if the Lucerne was of interested to us.
They didnt have one either. But they did have a yardful of new Hyundais.
I dont know how they set up the businesses, but many family type dealerships
no longer stick with just one line.
Grappletech
> them off to numerous wholesalers that cruise the lots. Those not
> worth offering for sale are sold to them as soon as traded. Used
> cars are not like new cars, they tie up capital and depreciate
> monthly. LOL
Used cars may tie up capital, but everytime a dealership sells a used
car, they make more profit than a new car sale. Of course, the
dealership makes money servicing and repairing the new cars they sell,
under warranty or customer pay. Whereas, on used cars, if a customer
buys a Saturn at a Dodge dealership, for instance, they will most likely
take it to a Saturn dealership or an independent for servicing/repair.
As far as wholesalers, they get some great deals on dealership castoffs.
If a car's got too many miles, the new car lots don't want it on their
lot. I know a guy whose wife worked at a dealership. He bought a 5 year
old Nissan small pickup with 120,000 miles that someone had traded in on
a new car, in perfect shape mechanically and physically, for $600 off of
the dealership where his wife worked at. shined up and waxed, that's
like a $4000 truck on a used car lot. If I owned a new car lot, I'd open
up a used car lot elsewhere, across town perhaps, and sell the castoffs
from my main lot. Instead of practically giving them away to
wholesalers. I can't believe the person who traded in that 2000 Nissan
truck let the dealership have it for $600 trade in allowance. Should
have sold it in the paper for 6 imes that price. There are some idiots
out there.
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Grappletech
> I havent owned a Ford in years. My first GM rode so much better that
> I could
> never quite get up for another Ford. Last time I tried was 1990 when
> I thought
> the Thunderbird looked impressive. After driving a half dozen of them
> at different
> dealerships, I decided they were basically rattletraps.
What's wrong with a few rattles here and there? Maybe I'm the adventurous
type, but I kinda dig cars with a few bugs. They seem to have more
character. Like the 1970's/1980's Dodge and Plymouths. Sure they had some
rattles and poorly fitting trim/panels, but if taken care of, those engines
thay had would last a long time -- this was the era of the slant 6, 318ci,
then later the 2.2 liter 4 cylinder (designed by the same guy who
engineered the slant 6). My aunt bought a brand new maroon 1981 Dodge
Mirada with a slant 6. I loved that car. It was fun, even just riding in
it. It had personality; it had soul. Driving my wife's one year old
Toyota Avalon, sure it's a much better engineered car, but it's boring as
hell.
hls
"Grappletech" <no...@yodoor.biz> wrote in message
news:Xns98885EEF6E60...@38.119.71.210...
>
>> I havent owned a Ford in years. My first GM rode so much better that
>> I could
>> never quite get up for another Ford. Last time I tried was 1990 when
>> I thought
>> the Thunderbird looked impressive. After driving a half dozen of them
>> at different
>> dealerships, I decided they were basically rattletraps.
When I am paying hard earned green, I damn sure dont want a shimmying rattle
trap.
Mike Hunter
sells, new or used. Turning cash is another subject, since the total
amount earned off the original sale of a new car is not known until the
final used vehicle is sold, whenever a trade is involved.
I.E. a dealers sells a new vehicle with an invoice price of say 30K and take
a trade with a wholesale value of 20K and a retail price of 25K. The
dealership does not reap a profit because the cash intake is only 10K on a
vehicle that he now must pay off 20K. His profit will be around 7K, if the
used piece is retailed at 25K, but for now is he has a cash flow deficit of
10K. The profit of 7K is the result of both sales not on the used piece
alone. The more trades that result from the new car sale the more total
profit the dealership earns. Because of the difference in wholesale an
retail pricing one could sell two or more cars in the succession of trades,
where all the money received could be total profit. Two year old on the
new, another two year older on the that trade, etc. for a total of say ten
sales.
mike
.
"Grappletech" <no...@yodoor.biz> wrote in message
news:Xns98885DAC993B...@38.119.71.210...
>> If we could not retail a used piece in two or three months we sold
>> them off to numerous wholesalers that cruise the lots. Those not
>> worth offering for sale are sold to them as soon as traded. Used
>> cars are not like new cars, they tie up capital and depreciate
>> monthly. LOL
>
>
> Used cars may tie up capital, but everytime a dealership sells a used
> car, they make more profit than a new car sale. =----
Mike Hunter
dealership is selling enough of its new stuff they do not need to buy cars,
they need to sell them off.. One does not invest millions in a new car
dealership to go into the used car business. One can do that for a few
hundred thousand.
When we were looking to obtain new franchises in a new area the first thing
we look for were those that need to resort to buying cars at non brand
auctions, the best indicator that they were not selling enough new cars,
ripe for us to acquire at a reasonable price. Once we acquired the
dealership we sold enough that we sold off our used cars.
mike
"Edwin Pawlowski" <e...@snet.net> wrote in message
news:CHnah.4169$wc5....@newssvr25.news.prodigy.net...
Mike Hunter
LOL
mike
"hls" <h...@nospam.nix> wrote in message
news:Jvuah.31209$yl4....@newssvr12.news.prodigy.com...
Gosi
"There was a combination of other factors that led to the name "Edsel"
becoming synonymous with "failure" - By the time the first Edsel hit
the showroom, the country was in a recession. (For comparison, 1958
DeSoto sales were down 54% from 1957. Buick was down 33%, Mercury 48%,
Oldsmobile 18%, Dodge 47%, Pontiac 28%.. probably the worst year since
World War II to unveil a new car line!) Car-buying habits had turned
toward smaller and more fuel efficient cars. Edsel's styling was
radical, and not to everyone's liking. On the assembly line, Edsel was
run between Fords or Mercury's, causing the assembler to have to
interrupt his routine and sometimes forget to install some parts. The
Edsel also suffered from parts that wouldn't fit together correctly.
Because of problems with suppliers, many of the early cars arrived at
the dealerships with parts missing. Many dealers were poorly equipped
to replace the parts or add on accessories. Ford Vice President Robert
McNamara offered little support to the Edsel Division. The Edsel was
more expensive than other comparable cars, and the price of the loaded,
top-of-the-line models that were first on the showroom floor scared
many buyers. There was no owner loyalty to count on. And, finally, it
had a funny name."
big three are all edsels now
Mike Hunter
on the planet? Kerkorian sold shares, he bought for around $10 less, last
year. That is one reason why guys like him are richer than guys like you
;)
mike
"NickySantoro" <NickyS...@optonline.net> wrote in message
news:gevmm25fng0jemolb...@4ax.com...
> Rats deserting a sinking ship? I don't know if Kerkorian is a rat but
> GM is most certainly a sinking ship.
PerfectReign
etched in the wall:
> In present life My Cunt is an Edsel
Do you even drive there in Iceland?
I see you have no clue about top posting, but do they have roads there?
--
kai
www.perfectreign.com || www.4thedadz.com
a turn signal is a statement, not a request
sig...@binet.is
PerfectReign wrote:
> On Tue, 28 Nov 2006 01:14:06 -0800, Gosi got out the hammer and chisel and
> etched in the wall:
>
> > In present life My Cunt is an Edsel
>
> Do you even drive there in Iceland?
Dog sleds and snowmobiles.
> I see you have no clue about top posting, but do they have roads there?
Actually there are more cars per capita in Iceland than in the USA and
plenty of roads to drive them on.
Tom Ivar Helbekkmo
> Actually there are more cars per capita in Iceland than in the USA and
> plenty of roads to drive them on.
Is it true, what I heard, that most roads in Iceland are gravel roads
of igneous rock, and therefore wear out your tyres extremely fast?
-tih
--
Don't ascribe to stupidity what can be adequately explained by ignorance.
sig...@binet.is
Tom Ivar Helbekkmo wrote:
> sig...@binet.is writes:
>
> > Actually there are more cars per capita in Iceland than in the USA and
> > plenty of roads to drive them on.
>
> Is it true, what I heard, that most roads in Iceland are gravel roads
> of igneous rock, and therefore wear out your tyres extremely fast?
Most of the main roads are tarmac, but a lot of side roads etc are
gravel roads.
The interior has a lot of tracks, some of extremely poor quality, and
they tend to be hard on the tires.
This map shows the extent of tarmac on the Icelandic road system:
http://vgwww.vegagerdin.is/vefur2.nsf/Files/bundidslitlag2005pdf/$file/Busl_2005.pdf