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General Motors Sales Starting To Slide
The Big Three domestic automakers have been desperate to recapture the market share from foreign auto firms. Since the economic recession started, all three firms are trying to boost the bottom line and get more individuals buying American again. Profits haven't been good, however there was some help from the auto rebate from the Cash for Clunkers program. There was a bump for General Motors, and the other auto makers. Nevertheless, by August 2009, when Cash for Clunkers was wrapping up, sales started slowing. Just check out real estate. Overall consumer confidence just isn't really there for large purchases.
Much more sun but much less Gm sales
GM is surely making its way back. The company is expected to have an initial public offering soon, and also the business is attempting to pay the auto bailout loans they took out. However, the expiration of the Cash for Clunkers auto rebate credit has led to a drastic decrease in profits over this summer season. Gm profits have been declining since August 2009. According to the newest York Times, the profits for General Motors have dropped 25 percent since then. A decline in sales, though, was somewhat envisioned. General Motors did shutter or sell all however four of the brands the company makes. All is not lost for this calendar year, though. The business expects individuals to purchase during Labor Day sales.
There was additionally reduced revenue with Ford Motors
The domestic auto makers follow each other really closely. True to form, Ford Motors revenue declined between August 2009 and August 2010. The rebate credit really only counted for people that already were going to purchase, or had enough cash. The drop was not as bad for Ford Motors, though. Ford Motors revenue only dropped 11 percent. In a break from the pack, revenue for Chrysler increased by 7 percent. The auto industry sold 10.4 million cars. This 12 months is projected to top 11 million. The seasonally adjusted sales rate for August 2010 was 11.5 million, though August 2009 was 14.1 million.
Self deprecation among customers
The economy of the United States depends on buyers. Confidence among consumers is not very high these days. Auto profits, on a optimistic note, are far less dismal than real estate. Talking people into getting a new Dodge, Ford Motors, or Chevy if they do not feel secure in doing this, although the emerging number of green automobiles is likely to help.
Read more on this topic here
NY Times
nytimes.com/2010/09/02/business/02auto.html?ref=automobiles
american motors gifts?
My dad is a huge AMC fan.....he used to own a rebel. Is there any sites out there that have tshirts and poster I can buy? Ebay has some but not what I am looking for.
check google 'images' and type in amc or amc rebel, etc. Usually there will be a site that will have shirts, coffee mugs, etc.
Found one for you - Try this link
http://images.google.com/images?svnum=10&hl=en&lr=&rls=DGUS%2CDGUS%3A2006-22%2CDGUS%3Aen&q=amc+rebel+t+shirt&btnG=Search
General Motors on road toward change, growth (Chicago Tribune)
Mark Reuss, president of General Motors' North American operations, talks
about the automaker's recovery and where it is headed.
As president of General Motor's North American operations, Mark Reuss has his
hand on the automaker's throttle. He decides what vehicles get built and
where. He manages how many come out of the factories and the level of pricing
and sales incentives for each model.
robert de niro and more stats TV commercial 1969 AMC Ambassador
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