Camaro Sales -- 6,000 Sold orders 84% SS V8!

[Muscle Master]

Where is the proof....

[Hylton]

Originally Posted by camaroART

now would be a great time snatching up some gm stock. it's dirt cheap and it will go up. if a person could say buy 2,000 shares at less then $4.00 a share and it will eventually go up to say around $50.00 a share, you'd pocket a nice profit.i could be in error but if you spent$6,900.00 and it got to $50.00a share you've made a little over $90,000.00 in profit not to bad and you know gm is goimg to bounce back

God no! Did you read the agreement of the bailout money? 2/3 of GM debt must be converted into shares. That will cause the value of current shares to fall to a buck.

[DGthe3]

Originally Posted by Hylton

God no! Did you read the agreement of the bailout money? 2/3 of GM debt must be converted into shares. That will cause the value of current shares to fall to a buck.

Alright, then that will be the time to buy. But his logic is still sound because he never gave a time frame.

[Hylton]

Originally Posted by DGthe3

Alright, then that will be the time to buy. But his logic is still sound because he never gave a time frame.

Sure thing. They are not out of the woods yet and Chapter 11 is still a possibility.

[DGthe3]

Originally Posted by Hylton

Sure thing. They are not out of the woods yet and Chapter 11 is still a possibility.

Yup. Thats why investing is a risk, not a guarantee. Well, one of the reasons.

[StuMac]

Originally Posted by Hylton

Sure thing. They are not out of the woods yet and Chapter 11 is still a possibility.

When I was talking to my accountant about GM stock, she left me with the impression that if GM used chapter 11 to shed it's legacy debt it would start looking more attractive to investors. The only thing really holding them back is the expected drop in consumer confidence, and thus sales.

[Mr. Wyndham]

Originally Posted by StuMac

When I was talking to my accountant about GM stock, she left me with the impression that if GM used chapter 11 to shed it's legacy debt it would start looking more attractive to investors. The only thing really holding them back is the expected drop in consumer confidence, and thus sales.

Not to mention instant...or very-soon-after liquidation is expected by the top brass at GM. Too many stars would have to align for Chapter 11 to work for GM like it's supposed to.:(

[Hylton]

Originally Posted by Dragoneye

Not to mention instant...or very-soon-after liquidation is expected by the top brass at GM. Too many stars would have to align for Chapter 11 to work for GM like it's supposed to.:(

The next 6 months is going to be absolutely crucial. We will have a clearer picture by the summer.

[DGthe3]

Originally Posted by Dragoneye

Too many stars would have to align for Chapter 11 to work for GM like it's supposed to.:(

Unfortunately, the number of stars that need to align for GM to avoid ch11 is almost as big.

[CWI]

GM will NOT FAIL!

[Hylton]

Originally Posted by CWIweldace

GM will NOT FAIL!

That statement is rather interpretive. Some say that 10 years without making a profit is failure.

[mitchell87]

For the life of me i can't think where i heard this but i think it was on tv somewhere. The guy was talking about how companies come and go, some last only 10 years and some even last 100(GM) but all companies hit there low(and this in not the first time for GM) and lets just hope that since they are down at the moment, they are not out.

[OverZeaLouS]

Originally Posted by SSOOCH

I hate to say it guys but if Chevrolet screws this one up, I might just go pick up a G8 GXP that is already on the lot and heavily marked down or....I almost puke thinking about it.....a Mustang.........Chevrolet can't afford not to capatalize on this one. They have to get this one right. It just doen't make sense to not have enough SS' to go around and piss off us enthusiasts who are not only going to buy these vehicles but basically be advertising for GM. Us Enthusiasts will promote them and spread the word...they gotta know this! Don't piss us off, I'm a fanboy just like everybody else on this board but you can only get slapped around so much before you bail...just ask Tina about Ike!

they are doing it for a second year run of, more markups. its kool that people love the camaro so much, but there will be a HUGE PENALTY being so desperate to get this car. this is my issue. last year they built 150,000 camaros and sold like 135,000ish... so theres like 15000ish 2010's on lots along with a large amount of 2011 models.
the 2011 models will most likely be marked up again while the 2010s will run MSRP. the consumer is EXTREMELY STUPID for one HUGE reason. Buying at those markups will kill you in the end. 6 or a months from now 2010 true market used car values will surface. by that time i see over 200,000 camaros on the street. There is no way these cars will retain value. ANYONE making 60mo or 72mo car payments will be destroyed if they have to make sudden financial change. i dont see 2010 SS'being worth more than 25k by the end of next year and v6's will be pretty worthless unless you bought a 2lt. Maybe?
I been searching used camaros and tons have liens on them according to autocheck. When the used car market floods with repos the car is destined to depreciate drastically. just like escalade buyers. you guys will be extremely angry if and when you need or want to sell or trade.
This is going to affect GM negatively as well, causing the same problem that got them in the bailout situation in the first place.
They need to:
1) Get rid of the ls,1lt and 1ss. (to reduce build costs)
2) add more features (like make rs package and stereo upgrade standard) and reduce options.
3) raise base prices raise the v6 to start at $31k, SS at $36k, Z/28 $41k
4) build 100,000 total units and thats it.
5) End pre-orders to ensure better build quality
6) bring interior a little more up to spec.

greed kills, lessons havent been learned on GM's part.

[rolnslo]

Originally Posted by OverZeaLouS

they are doing it for a second year run of, more markups. its kool that people love the camaro so much, but there will be a HUGE PENALTY being so desperate to get this car. this is my issue. last year they built 150,000 camaros and sold like 135,000ish... so theres like 15000ish 2010's on lots along with a large amount of 2011 models.
the 2011 models will most likely be marked up again while the 2010s will run MSRP. the consumer is EXTREMELY STUPID for one HUGE reason. Buying at those markups will kill you in the end. 6 or a months from now 2010 true market used car values will surface. by that time i see over 200,000 camaros on the street. There is no way these cars will retain value. ANYONE making 60mo or 72mo car payments will be destroyed if they have to make sudden financial change. i dont see 2010 SS'being worth more than 25k by the end of next year and v6's will be pretty worthless unless you bought a 2lt. Maybe?
I been searching used camaros and tons have liens on them according to autocheck. When the used car market floods with repos the car is destined to depreciate drastically. just like escalade buyers. you guys will be extremely angry if and when you need or want to sell or trade.
This is going to affect GM negatively as well, causing the same problem that got them in the bailout situation in the first place.
They need to:
1) Get rid of the ls,1lt and 1ss. (to reduce build costs)
2) add more features (like make rs package and stereo upgrade standard) and reduce options.
3) raise base prices raise the v6 to start at $31k, SS at $36k, Z/28 $41k
4) build 100,000 total units and thats it.
5) End pre-orders to ensure better build quality
6) bring interior a little more up to spec.

greed kills, lessons havent been learned on GM's part.

You tell 'em Skippy! Obviously the 2010MY didn't turn out anything like GM planned (80k units, 60/40 split V6 to V8). Those guys just don't have a clue up there in Detroit do they?