More good financial news for GM as well as Ford & Chrysler

[ViperTomcat]

So I guess the Camaro would be considered a Canadian made vehicle (including the engines) from a domestic company.

So...a not American made American car? ...right

[DGthe3]

Originally Posted by ViperTomcat

So I guess the Camaro would be considered a Canadian made vehicle (including the engines) from a domestic company.

So...a not American made American car? ...right

Made by a domestic company in North America = domestic car

[a_Username]

Originally Posted by DGthe3

Made by a domestic company in North America = domestic car

2 : of, relating to, or originating within a country or state and esp. one's own country or state

Where goods are produced aren't related to continental boundaries but by national boundaries. The Camaro would be a domestic product if you're American, but it would be considered an import in any other country in the world.

[Brokinarrow]

Originally Posted by DGthe3

I attribute it to the vehicle mix more than anything. The best selling vehicle GM offers is the Silverado. The best selling from Toyota is the Camry. Pickup trucks are more expensive than midsize cars. Plus, GM's premium/luxury divisions outsell Lexus.

Originally Posted by Dragoneye

DG hit the nail on the head in one aspect -- look at the product portfolio. (For example, if Ferrari were thrown into the mix, it'd be outrageous...)

But Transaction price increases without a dramatic portfolio change (which there hasn't been)...indicates a perceived value increase in the market. THAT is fantastic news.

What's even better is that they're making money, no longer losing. That means less "cost-cutting", and more "reinvestment" into better cars and trucks.

Ah that does make sense, thanks guys

[UCI CamaroFan]

Bob Lutz on CNBC yesterday said that the GM line is the strongest that it's been in 50 years.

At the same time, he did admit that GM = Government Motors. He said that the board of directors were all appointed by the government, and he said that because of that, the government has given its approval of the purchase of the finance agency.

[motorhead]

Originally Posted by DGthe3

I attribute it to the vehicle mix more than anything. The best selling vehicle GM offers is the Silverado. The best selling from Toyota is the Camry. Pickup trucks are more expensive than midsize cars. Plus, GM's premium/luxury divisions outsell Lexus.

If you ask me this statement should worry GM. This is one of the things that got them into trouble in the first place. When gas goes nuts again(and it will), Truck and SUV sales will fall like a stone. This would not bode well for GM but would make toyota look real good again. I guess they still haven't learned from the past.

[FenwickHockey65]

Originally Posted by motorhead

If you ask me this statement should worry GM. This is one of the things that got them into trouble in the first place. When gas goes nuts again(and it will), Truck and SUV sales will fall like a stone. This would not bode well for GM but would make toyota look real good again. I guess they still haven't learned from the past.

When gas went nuts before, the F-series and Silverado were still consistently in the top 10 sellers' list month over month.

America wants trucks. Nothing will change that.

[motorhead]

Originally Posted by FenwickHockey65

When gas went nuts before, the F-series and Silverado were still consistently in the top 10 sellers' list month over month.

America wants trucks. Nothing will change that.

Yes, but they were selling them at large discounts to move them. That's what put my dealer friend out of business. He had a ton of trucks and was selling ,but not at a profit. Not a good way to stay in business. People forget real fast about what the past teaches us. When gas goes to $4.00 or $5.00 a gallon lets see how many trucks GM moves. Look at Europe. How many house holds have large SUVs and Trucks over there?

[FenwickHockey65]

Originally Posted by motorhead

Yes, but they were selling them at large discounts to move them. That's what put my dealer friend out of business. He had a ton of trucks and was selling ,but not at a profit. Not a good way to stay in business. People forget real fast about what the past teaches us. When gas goes to $4.00 or $5.00 a gallon lets see how many trucks GM moves. Look at Europe. How many house holds have large SUVs and Trucks over there?

You can't compare the US to Europe. Europe has always been swayed more towards smaller cars due to the fact that they have less space in their cities.

What's more, GM and Ford are both developing more fuel efficient engines for their trucks...GM has a twin-turbocharged V6 in development plus the Gen V V8s and Ford's working on getting one of their Ecoboost engines into the F-150. You can expect to see 25-26 MPG full size trucks in the near future.

[Morepwr]

Originally Posted by DGthe3

Made by a domestic company in North America = domestic car

Yup. I dont really think of Canada as a foreign country. Now if they made the camaro in south korea or something...

[motorhead]

Originally Posted by FenwickHockey65

You can't compare the US to Europe. Europe has always been swayed more towards smaller cars due to the fact that they have less space in their cities.

What's more, GM and Ford are both developing more fuel efficient engines for their trucks...GM has a twin-turbocharged V6 in development plus the Gen V V8s and Ford's working on getting one of their Ecoboost engines into the F-150. You can expect to see 25-26 MPG full size trucks in the near future.

It better be sooner than later. Listen I don't want to argue with you. I know your very smart and on top of the car world. But, I have seen first hand what happens when gas prices go nuts, and it brought down one of the best dealerships we ever had in our area. They put to much stock in SUVs and Trucks and it burnt them. I can't state all the stats like your so good at brings us day in and day out ,but I've been around along time to see that sometimes common sense and real world experiences usually out ways what ever the stats say. I wrote this because I love GM cars and trucks ,and I don't want them to go down the same road as in the past.

I also can't believe that you would tell me that people in europe drive small cars because of space more than the price of gas over there. COME ON, I wasn't born yesterday.

[FenwickHockey65]

Originally Posted by motorhead

I also can't believe that you would tell me that people in europe drive small cars because of space more than the price of gas over there. COME ON, I wasn't born yesterday.

Space indeed plays a role in it. Take the smart car for example. It isn't particularly fuel efficient, there are larger cars on the market that achieve better fuel efficiency, yet it sells in droves in Europe.

People in Europe are more inclined to buy diesels anyways.

[1bad65]

Originally Posted by FenwickHockey65

America needs trucks. Nothing will change that.

Fixed that for ya.

There is a reason the Silverado and F-150 are always the #1 and #2 selling vehicles in America year after year.

[TheCaptain]

Good news for GM, but here's a question for Americans! (which takes us off topic)

Why, when you ask a Canadian, we are proud to say we drive American vehicles? Most of us attribute being American as "North American" i guess, because we aren't actual statesiders. Which, guess what? Also includes Mexico!

So when i say domestic, it is built in the borders of Canada, USA, and Mexico. That's North America, THAT's American made, THAT's domestic automobiles. It didn't leave a continent to cross a large water body to get over here, and the head office is HERE.