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Re: Got a great deal on an Aveo....twice! [micweb]
by jfritsch on Tue Mar 31 01:04:15 PDT 2009
Don't pay up for these cars... There may be a huge shooting gallery for most cars in the traditional may-july inventory reductions. A 90 day supply is considered bloated for most autos. Good luck --jjf --------------------------------- Industry's Big Hope for Small Cars Fades - WSJ.com Bookmark added by casudi on 03/23/2009 Public Description Click to Edit Last summer, when gas cost $4 a gallon, buyers snapped up small cars so fast that dealers couldn't keep them in stock. Now, with gas prices half that level, almost 500,000 fuel-thrifty models are piled up unsold around the country. The turnabout comes at a bad time for the struggling U.S. car industry, which has revamped factories and shifted product plans to produce more small cars in coming years. The moves are prompted by coming stricter federal fuel-economy standards and the Obama administration's car-bailout plan, which encourages auto makers to boost their vehicles' mileage. Practically every small car in the market is stacked up at dealerships. At the end of February, Honda Motor Co. had 22,191 Fits on dealer lots -- enough to last 125 days at the current sales rate, according to Autodata Corp. In July, it had a nine-day supply, while the industry generally considers a 55- to 60-day supply healthy. For other models the supply situation is even worse. Toyota Motor Corp. has enough Yaris subcompacts to last 175 days. Chrysler LLC has a 205-day supply of the Dodge Caliber. And Chevrolet dealers have 427 days' worth of Aveo subcompacts. At the current sales rate, General Motors Corp. could stop making the Aveo and it wouldn't run out until May 24, 2010. "I don't think Americans really like small cars," said Beau Boeckmann, whose family's Galpin Ford in southern California is the country's largest Ford dealer. "They drive them when they think they have to, when gas prices are high. But we're big people and we like big cars." The logjam of small cars is caused in part by the recession, which has sapped sales of all types of vehicles. But it also underscores how badly gasoline prices have whipsawed the industry GM Has 161 Day Supply Plus Massive Cash Burn --------------------------------------------------------------------------------- GM struggles to reduce cash burn Jesse Snyder Automotive News | March 2, 2009 - 12:01 am EST Here's the scary thing about General Motors' fourth-quarter operating loss of $5.9 billion: There's little reason to expect much improvement in the first three months of 2009. Despite drastic cuts in production, employment, marketing and capital expenditures, GM still is hemorrhaging cash. How bad is it? In a conference call last week, CFO Ray Young said GM's cash burn this year would be less than last year, which it put at $19.2 billion — but admitted the cash burn in 2009 would be "front-loaded." Translation: The short-term bleeding will continue. It will be hard in this quarter for GM to reduce its cash-burn much below the $5.2 billion consumed in the last three months of 2008. And that won't be popular in Washington, where bureaucrats analyzing GM's bailout request seek assurance that they aren't throwing good money after bad. One of GM's biggest headaches is a stubbornly high inventory. Despite drastic cuts in production, GM had a 161-day vehicle supply on Feb. 1. A 60-day supply is considered ideal. In unit terms, GM had 792,600 vehicles in stock, down 69,800 from Jan. 1. That's a reasonable figure by historical standards. But sales have collapsed, so unsold cars and trucks still are piled up on dealership lots. GM's January sales totaled 122,728 units, down 48.9 percent from January 2008. GM sales analyst Mike DiGiovanni expects GM's February sales to be "about the same" as January, and he sees only modest improvements in the months ahead. At current selling rates, Chevrolet has more than a year's worth of unsold HHRs and Aveos.
Re: confused about rebates/price [pragmatist1]
by jfritsch on Mon Mar 30 06:28:34 PDT 2009
Don't pay up for these cars... There may be a huge shooting gallery for most cars in the traditional may-july inventory reductions. A 90 day supply is considered bloated for most autos. Good luck --jjf --------------------------------- Industry's Big Hope for Small Cars Fades - WSJ.com Bookmark added by casudi on 03/23/2009 Public Description Click to Edit Last summer, when gas cost $4 a gallon, buyers snapped up small cars so fast that dealers couldn't keep them in stock. Now, with gas prices half that level, almost 500,000 fuel-thrifty models are piled up unsold around the country. The turnabout comes at a bad time for the struggling U.S. car industry, which has revamped factories and shifted product plans to produce more small cars in coming years. The moves are prompted by coming stricter federal fuel-economy standards and the Obama administration's car-bailout plan, which encourages auto makers to boost their vehicles' mileage. Practically every small car in the market is stacked up at dealerships. At the end of February, Honda Motor Co. had 22,191 Fits on dealer lots -- enough to last 125 days at the current sales rate, according to Autodata Corp. In July, it had a nine-day supply, while the industry generally considers a 55- to 60-day supply healthy. For other models the supply situation is even worse. Toyota Motor Corp. has enough Yaris subcompacts to last 175 days. Chrysler LLC has a 205-day supply of the Dodge Caliber. And Chevrolet dealers have 427 days' worth of Aveo subcompacts. At the current sales rate, General Motors Corp. could stop making the Aveo and it wouldn't run out until May 24, 2010. "I don't think Americans really like small cars," said Beau Boeckmann, whose family's Galpin Ford in southern California is the country's largest Ford dealer. "They drive them when they think they have to, when gas prices are high. But we're big people and we like big cars." The logjam of small cars is caused in part by the recession, which has sapped sales of all types of vehicles. But it also underscores how badly gasoline prices have whipsawed the industry GM Has 161 Day Supply Plus Massive Cash Burn --------------------------------------------------------------------------------- GM struggles to reduce cash burn Jesse Snyder Automotive News | March 2, 2009 - 12:01 am EST Here's the scary thing about General Motors' fourth-quarter operating loss of $5.9 billion: There's little reason to expect much improvement in the first three months of 2009. Despite drastic cuts in production, employment, marketing and capital expenditures, GM still is hemorrhaging cash. How bad is it? In a conference call last week, CFO Ray Young said GM's cash burn this year would be less than last year, which it put at $19.2 billion — but admitted the cash burn in 2009 would be "front-loaded." Translation: The short-term bleeding will continue. It will be hard in this quarter for GM to reduce its cash-burn much below the $5.2 billion consumed in the last three months of 2008. And that won't be popular in Washington, where bureaucrats analyzing GM's bailout request seek assurance that they aren't throwing good money after bad. One of GM's biggest headaches is a stubbornly high inventory. Despite drastic cuts in production, GM had a 161-day vehicle supply on Feb. 1. A 60-day supply is considered ideal. In unit terms, GM had 792,600 vehicles in stock, down 69,800 from Jan. 1. That's a reasonable figure by historical standards. But sales have collapsed, so unsold cars and trucks still are piled up on dealership lots. GM's January sales totaled 122,728 units, down 48.9 percent from January 2008. GM sales analyst Mike DiGiovanni expects GM's February sales to be "about the same" as January, and he sees only modest improvements in the months ahead. At current selling rates, Chevrolet has more than a year's worth of unsold HHRs and Aveos.
Re: Extended Warranty [grosloup]
by jfritsch on Thu Nov 06 07:43:51 PST 2008
Chevrolet has a 100000 mi powertrain warranty and 3/36k mile bumper to bumper. There is only so much security one needs.... whether it is "worth it" depends on "how much?" Numerous people on the Hyundai forum (with 100k powertrain and 60k bumper to bumper std. ) have paid $1000 or more for a 120k AFTERMARKET warranty (you fill in the paperwork and hope to be reimbursed from ACME co.) this is downright stupid. The fact they can work it into the financing for $20/mo makes it more saleable. I purchased numerous cars in the 80's and early 90's with just 12mo bumper to bumper. Unbelieveable this was the standard for 20 (50?) years before. Reliability was also poor compared to now. (remember the good ol days?) For cars (nissan, honda,ford etc) with 3/36 bb and 5/60k powertrain standard a bumper to bumper 8yr /120kmi bb extension for a cheap (under 20k) sedan should be around $800. For more expensive vehicles loaded with electric sliding doors, 4wd, navi, etc we're talking about $1200. For the Chevy one would expect about $500 or so. Much more than this and you should pass. Many people get taken for $2000 or more for these in the dealer's finance office. Honda's warranty used to be offered online by several dealerships but I think they terminated the practice. I believe Honda's extended warranty is available until the 36k mile mark for $100 more than around time of purchase (under 6kmiles). Others may be similar. Warranties can be shopped just as cars can by getting 10 or so dealers to compete end of month.(sales quotas). 20 or more bids could be solicited. Just email for the best price from the dealership and they may give you the finance officers email.(or just forward it to him) Good luck --jjf Did you purchase a "extended warranty" when you bought your car. Is it realy worth it or it's more like a last minute gamble? I don't know what to do
Re: Advice Please!! [donnielsu]
by 2doorpost on Wed Nov 05 06:16:42 PST 2008
A co-worker bought that exact Crew cab model in black at the same time I bought my Silverado. Said he paid 23k OTD. With an add on bed cover (folding) Personally, I don't think a lot of Silverados have been sold since my last post. Two of the trucks I test drove are still on the lot. And that was back in April.
HOW ON EARTH?????
by writerhopeful on Fri Feb 22 19:55:30 PST 2008
I'm currently in the market to purchase a new car. I've decided that I'm getting a Chevy Cobalt. I've been reading the forums and I"m floored at how you people get these amazing deals. I live in Colorado Springs, CO and I swear that these prices are so inflated compared to other places. Even in Denver the prices and values are better. Can someone please tell me a better way to purchase a Cobalt? They are priced around here 2006 LS 30,000 for about $10,000 before tax title and warranty!!! South Colorado Nissan told me that a 2006 LT model with 36,000 as 14,000 before tax title Warranty!!!! Please someone tell me something!!!! Also please tell me what the difference is between the LS and LT models.
GMAC SmartLease
by sarasmiles on Thu Jan 31 21:20:21 PST 2008
I am wondering if someone can provide some insight to help me better understand the rational of the Smart Lease: Background My lease ends in March 2008 on my 2005 Chevy Equinox. Mileage allowance for the lease term is 36K and currently there are 34K. The agreed upon value of the vehicle was $24,169.50 and I put $3K down. The residual value is $15217.90 and in March I will have paid a total of $11,192.90 to drive the vehicle the last 3 years. Currently I am looking at either financing or leasing a new 2008 Equinox LTZ. My father (co-lessee) on my 2005 Equinox is very interested in purchasing it at the end of my lease to drive back and forth to work as he drives 82 miles round trip a day and lives in the mountains west of Denver and let's just say the AWD Equinox rocks in the snow! Confusion GMAC is saying that in March we can purchase the vehicle for $17,130.32. How is this possible? The blue book value of the car in excellent condition is $14,500 and if you look in the paper there are a number of 2005 Equinox's for sale with less miles than mine and they are priced anywhere between $13,500 - $14500, Question How is it that if I purchase it at the end of the lease it will cost $17,130? They won't sell it as a used car for that much. So what drop it off at a dealership and return it and then what turn around and tell the dealership that I want to buy it back, it seems to me that way would be cheaper than purchasing it at the price stated on my lease agreement. Is the purchase price at the time of the lease negotiable? Sorry if this is confusing my hopes are that the more information I provide the better someone will be able to help me understand what my options are at the end of my lease next month. Thanks in advance-

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