Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums - Camaro5.com
 
dave@hennessey
Go Back   Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums - Camaro5.com > Members Area > General Automotive + Other Cars Discussion


Reply
 
Thread Tools
Old 07-01-2008, 09:06 PM   #1
stovt001


 
stovt001's Avatar
 
Drives: 2006 Cobalt, 2004 Taurus wagon
Join Date: Oct 2007
Location: California
Posts: 3,812
GM beats June sales forecast

All the major automakers released their June sales numbers today. Chrysler got hammered with a drop over 30% compared to June 2007. GM was projected to record a 25% drop but dropped only 18%. Even better, Toyota dropped a whopping 21%. Not too shabby eh? The only weird thing is that GM's cars took most of the hit and their trucks took a surprisingly much lighter hit.

I play an online virtual stock trading game and had shorted GM stock when it broke $13. I was making huge money today before the announcement, but after they released those sales numbers it shot up 10% over the previous day's close. I lost a lot of virtual money on that one. Luckily I kept my head and shorted even more at 10% up and it eventually settled at +2%, so I still made money. So bad news for me virtually, but great news for all of us GM fans in the real world.
stovt001 is offline   Reply With Quote
Old 07-01-2008, 09:09 PM   #2
The_Blur
Rock Chalk
 
The_Blur's Avatar
 
Drives: Demon Super Sport
Join Date: Nov 2007
Location: San Diego
Posts: 14,690
Send a message via AIM to The_Blur
I'm so glad that GM beat Toyota last month.
The_Blur is offline   Reply With Quote
Old 07-01-2008, 09:32 PM   #3
cam-up
 
cam-up's Avatar
 
Drives: 03 S/C DODGE 1500, O2 CAMARO
Join Date: Oct 2007
Location: FAIRBANKS ,AK
Posts: 26
will that is a big thing since auto market is going down a hard road right now, thats why im going with CAMARO, gonna be the best value for the dollar, and GM out did it self wasn't expecting to do as good as it did as far as thee forcast
cam-up is offline   Reply With Quote
Old 07-01-2008, 11:01 PM   #4
DGthe3
Moderator.ca
 
DGthe3's Avatar
 
Drives: 05 Grand Am GT
Join Date: Jul 2007
Location: Niagara, Canada
Posts: 23,428
Send a message via MSN to DGthe3
That indicates to me that their trucks are being bought by people who need trucks and like fuel economy.
__________________
Note, if I've gotten any facts wrong in the above, just ignore any points I made with them
__________________
Originally Posted by FbodFather
My sister's dentist's brother's cousin's housekeeper's dog-breeder's nephew sells coffee filters to the company that provides coffee to General Motors......
........and HE WOULD KNOW!!!!
__________________

Camaro Fest sub-forum
DGthe3 is offline   Reply With Quote
Old 07-02-2008, 08:13 AM   #5
GTAHVIT
Blessed
 
GTAHVIT's Avatar
 
Drives: 2013 Sonic RS MT
Join Date: Dec 2007
Location: Saint Augustine FL
Posts: 28,496
Auto Sales Down.

Here's the link: http://news.yahoo.com/s/ap/20080701/..._ge/auto_sales



Quote:
Even Toyota, with its flexible, efficient factories, couldn't make the shift from trucks to cars as quickly as American drivers. Its sales for June shrank 21 percent.

So the Japanese automaker fell short of some analysts' predictions that it would overtake GM as the U.S. sales leader. June sales at GM had a still-dramatic drop of about 18 percent.
Looks like just about everyone took it on the chin this month.

EDIT: Repost - sorry. Merge with http://www.camaro5.com/forums/showthread.php?t=4873 please. Or delete, what ever works.

Last edited by GTAHVIT; 07-02-2008 at 08:18 AM. Reason: Repost
GTAHVIT is offline   Reply With Quote
Old 07-02-2008, 08:25 AM   #6
The_Stache
SoCal Race Team #13
 
The_Stache's Avatar
 
Drives: 2010 1SS:RS:LS3:SW
Join Date: Mar 2007
Location: Gilbert, AZ
Posts: 1,806
These numbers are misleading, not that I like to point that out. The reason that Toyota's sales are down is that they are out of stock. They have nothing to sell. Right now around the country there is an 8 month waiting list for a Prius, and a 3 month waiting list for a hybrid Camry.
__________________
A.K.A - Diarmadhi (old handle) - So much to do.. So little money
Owner : Fast-Stache Industries LLC
The_Stache is offline   Reply With Quote
Old 07-02-2008, 09:34 AM   #7
stovt001


 
stovt001's Avatar
 
Drives: 2006 Cobalt, 2004 Taurus wagon
Join Date: Oct 2007
Location: California
Posts: 3,812
That means either their forecast on specific model sales were off or they couldn't adjust manufacturing capacity for those models fast enough. Those are the same criticisms aimed at GM, so this should shut the import-humpers up. Not that it will, of course.
stovt001 is offline   Reply With Quote
Old 07-02-2008, 09:39 AM   #8
Nickdago
 
Drives: 01 Z06 08 CTS 07 Avy LTZ
Join Date: Apr 2008
Location: Golden, CO
Posts: 406
Most industries in the USA are seeing declining markets and are seeing what growth they have in the overseas markets. If congress does not get their pinheads together and do something about energy we are looking ay some serious economic problms in the near future
Nickdago is offline   Reply With Quote
Old 07-02-2008, 04:38 PM   #9
SSMUFF
 
Drives: Jeep Grand Cherokee
Join Date: Aug 2007
Location: Kansas
Posts: 65
http://articles.moneycentral.msn.com...02markets.aspx
SSMUFF is offline   Reply With Quote
Old 07-02-2008, 10:03 PM   #10
DGthe3
Moderator.ca
 
DGthe3's Avatar
 
Drives: 05 Grand Am GT
Join Date: Jul 2007
Location: Niagara, Canada
Posts: 23,428
Send a message via MSN to DGthe3
Quote:
Originally Posted by diarmadhi View Post
These numbers are misleading, not that I like to point that out. The reason that Toyota's sales are down is that they are out of stock. They have nothing to sell. Right now around the country there is an 8 month waiting list for a Prius, and a 3 month waiting list for a hybrid Camry.
Hybrids don't account for nearly 20% of Toyota's sales. They sell more trucks and SUV's than hybrids, just like everyone else.
__________________
Note, if I've gotten any facts wrong in the above, just ignore any points I made with them
__________________
Originally Posted by FbodFather
My sister's dentist's brother's cousin's housekeeper's dog-breeder's nephew sells coffee filters to the company that provides coffee to General Motors......
........and HE WOULD KNOW!!!!
__________________

Camaro Fest sub-forum
DGthe3 is offline   Reply With Quote
Old 07-02-2008, 10:04 PM   #11
DGthe3
Moderator.ca
 
DGthe3's Avatar
 
Drives: 05 Grand Am GT
Join Date: Jul 2007
Location: Niagara, Canada
Posts: 23,428
Send a message via MSN to DGthe3
Quote:
Originally Posted by gtahvit View Post
Here's the link: http://news.yahoo.com/s/ap/20080701/..._ge/auto_sales





Looks like just about everyone took it on the chin this month.

EDIT: Repost - sorry. Merge with http://www.camaro5.com/forums/showthread.php?t=4873 please. Or delete, what ever works.
merged
__________________
Note, if I've gotten any facts wrong in the above, just ignore any points I made with them
__________________
Originally Posted by FbodFather
My sister's dentist's brother's cousin's housekeeper's dog-breeder's nephew sells coffee filters to the company that provides coffee to General Motors......
........and HE WOULD KNOW!!!!
__________________

Camaro Fest sub-forum
DGthe3 is offline   Reply With Quote
Old 07-02-2008, 10:22 PM   #12
stovt001


 
stovt001's Avatar
 
Drives: 2006 Cobalt, 2004 Taurus wagon
Join Date: Oct 2007
Location: California
Posts: 3,812
Quote:
Originally Posted by Nickdago View Post
Most industries in the USA are seeing declining markets and are seeing what growth they have in the overseas markets. If congress does not get their pinheads together and do something about energy we are looking ay some serious economic problms in the near future
Will we really? I'm of the opinion that expensive gas will actually be very good for us long term. Besides, Congress has no business getting involved in these matters. They just screw things up, and besides its outside of their Constitutional duties. Some good reality check readings:

http://www.time.com/time/specials/pa...0.html?cnn=yes

http://money.cnn.com/2008/07/01/smal....fsb/index.htm

http://money.cnn.com/galleries/2008/..._projects.fsb/

And you're telling me you want to give up all of that just so we can propel ourselves from place to place with some antiquated process of lighting old dinosaur juice on fire? Psh, why squash innovation? Future tech is fun.
stovt001 is offline   Reply With Quote
Old 07-03-2008, 11:50 PM   #13
chadrcr
to Z or not to Z
 
chadrcr's Avatar
 
Drives: 99 S10 ZR2
Join Date: Apr 2008
Location: Fallon NV
Posts: 723
Quote:
Originally Posted by stovt001 View Post
Will we really? I'm of the opinion that expensive gas will actually be very good for us long term. Besides, Congress has no business getting involved in these matters. They just screw things up, and besides its outside of their Constitutional duties. Some good reality check readings:

http://www.time.com/time/specials/pa...0.html?cnn=yes

http://money.cnn.com/2008/07/01/smal....fsb/index.htm

http://money.cnn.com/galleries/2008/..._projects.fsb/

And you're telling me you want to give up all of that just so we can propel ourselves from place to place with some antiquated process of lighting old dinosaur juice on fire? Psh, why squash innovation? Future tech is fun.
People need to prepare for the future, more alternatives asap, but that should not require $5 gas.

Did high tape prices bring us the CD?
Did high CD prices bring us the IPOD?
Did $30 VHS recorders bring us the DVR?

NO! no! and no!
Future tech can be fun, but high gas prices... not so much.
Oil companies AND car companies may need some additional encouragement to really try and push the future tech envelop. It would be nice if they would do it on their own, but with the US auto industry suffering, it may require our help, or the help of the govt ( Chrysler in the 80s )
__________________

99 S-10 ZR2
06 GMC Z71 - - - sold...
getting ready for my Camaro
02 Z28 - - - sold :( miss it!
chadrcr is offline   Reply With Quote
Old 07-06-2008, 02:10 PM   #14
Mr. Wyndham
I used to be Dragoneye...
 
Mr. Wyndham's Avatar
 
Drives: 2014 1LE...Drove: 2012 ZL1
Join Date: Jan 2007
Location: Buffalo, NY
Posts: 28,084
Send a message via AIM to Mr. Wyndham
to GM.

[Nelson voice] Ha-Ha [/Nelson Voice] to Toyota
__________________
"Keep the faith." - - Read Twice Before You Post.
...Anxiously waiting to order a silver "Z"...

Mr. Wyndham is offline   Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Chrysler, GM Gain Strength in Sales TAG UR IT General Automotive + Other Cars Discussion 9 09-04-2008 08:16 PM
42 years ago yesterday -- June 29, 1966 fbodfather 5th Gen Camaro SS LS LT General Discussions 16 07-01-2008 09:14 PM
GM scores third straight monthly sales gain KILLER74Z28 General Automotive + Other Cars Discussion 6 11-02-2007 11:38 PM
Hot Rod Power Tour Featuring the Concept Camaro Convertible TAG UR IT 5th Gen Camaro SS LS LT General Discussions 14 09-18-2007 05:08 PM
GM sales up 3.4% in February KILLER74Z28 General Automotive + Other Cars Discussion 6 03-02-2007 08:53 PM


All times are GMT -5. The time now is 12:49 AM.


Powered by vBulletin® Version 3.8.9 Beta 4
Copyright ©2000 - 2016, vBulletin Solutions, Inc.