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150 Comments
- BlackJackJester, on 10/03/2009, -8/+51Another brilliant, well thought out plan by the federal government. Man these guys are on the ball. What foresight. What vision! Trade in my ***** old Ford for a brand new Toyota! By frontloading the market like this, you ensure everyone who is thinking of buying a car soon, does it now - leaving the market empty for later. Artificial auto-bubble, check!
- l31101, on 10/03/2009, -5/+45It could be worse. GM might have to shut down one of its subsidiaries.... oh wait....
- TheOtherOne1, on 10/03/2009, -6/+42I had a GM truck and decided to get a Ford when the dreaded day came. The fact that Ford didn't take the government cheese made all the difference.
- GeorgeFord, on 10/02/2009, -29/+62Nice job, Barry.
- holzp, on 10/03/2009, -6/+30September sales did not plunge so much as they continued a normal trend line that was adversely affected by the government's buy in.
Better said that Summer auto sales were much better than normal. - govsucks, on 10/03/2009, -4/+27And that Children is why the CONSUMER and not the GOVERNMENT should make the choice about what companies stay in business and what businesses fail.
- evodevo1, on 10/03/2009, -11/+33This is the classic boom bust cycle caused by stupid government policies and the Fed.
- NoTiG, on 10/03/2009, -3/+19This is what I think the housing market is going to do once those 8 thousand dollar credits are expired.
- jakereilly, on 10/03/2009, -4/+18But Obama supporters said that the CARS program WOULDN'T just push up auto sales that would already happen anyways?
Did they lie?
I'm so confused?! - EddiePotato, on 10/03/2009, -0/+12Not to be confused with the classic boom bust cycles that happened prior to 1913.
- wakeupsticky, on 10/03/2009, -5/+17I like how someone who makes one little comment is instantly labeled a WINGNUT.
- EddiePotato, on 10/03/2009, -5/+17If people really buy cars on political principle over perceived economic value, how come every other car on US roads is Asian or European? Patriotic gestures of good will toward our allies?
People will buy the car that gives them the best features for their money, regardless of who makes it. - grnicon, on 10/03/2009, -2/+13"The average modern American car has roughly the same gas mileage as the model T!"
That's actually propaganda. I can't remember which environmental site printed that *****, but it's just not true at all. The weight and speed of a modern vehicle were not compared with that of the Model-T, which makes the entire comparison meaningless. - DarkShroud, on 10/03/2009, -2/+13The last time I checked the Camaro was actually back ordered. It is a great car and several other Chevy brands are really good as well.
- FLUX, on 10/03/2009, -14/+24DUH!! and no one thought that the dumb idea of paying $4500 ( of your money) for a pos car wasn't going to screw up the market.
yep these Keynesian economics are a real winner they are unemployment about to hit 10% debt that can never be paid off and govt control of major industries yep you libs got all the bright ideas don't you - Nouman6, on 10/03/2009, -5/+14We just bought a Camaro--and it's amazing. Hopefully they can get some momentum with that model and the upcoming convertible.
- starlon2, on 10/03/2009, -2/+11What do you want to bet they'll get another bailout before it's said and done?
- PSPDS, on 10/03/2009, -0/+8Lets face it not everybody has a job and can afford things naturally this will happen to ceertain companies but a 45 percent decrease now thats definatly not economy but a company lacking what the consumer wants and this is coming from a chevy lover.
- Barackalypse, on 10/03/2009, -6/+14Curse this inevitable turn of events! Its not like critics of the Government bailouts and Cash For Clunkers didn't warn that this is exactly what would happen.
- chronopublish, on 10/03/2009, -0/+8Boom bust cycles are actually healthy for civilization in the long term, because infrastructure gets built during boom times that ordinarily wouldn't get built. A classic example is the railroads - every company involved in building them went bankrupt, but the rail was laid and provided massive benefits for the economy from then on.
More info: http://en.wikipedia.org/wiki/Railway_Mania
A more recent example is the dot com boom of the late 20th century, during which tons of infrastructure was built which is still not being fully utilized today. This has massively accelerated broadband penetration in a way that could not have been possible without the boom.
see http://en.wikipedia.org/wiki/Dark_fiber - bobcat7407, on 10/03/2009, -2/+10This is a result of the government artificially creating a bubble and then that bubble popping. It is a perfect example of government interference in a market, just like the housing market.
- EddiePotato, on 10/03/2009, -1/+8The intention of the program was to be like lighter fluid on a barbecue. It burns up pretty quick, but the coals are going by the time it's gone, so the fluid is no longer needed. Unfortunately, the coals didn't quite get going in this case.
- evilesttoast, on 10/03/2009, -5/+12Because all the 'KILL BUSH' stickers weren't worse than a parody.
/s - kevinmoore, on 10/03/2009, -0/+7I want to buy a new car but figured that buying one during the CARS program would be the worst time to do it. My current car wouldn't have qualified for the CARS program. I'll wait a few more months because I figure the dealers will be even hungrier for a sale at that point.
- NorthMass, on 10/03/2009, -3/+10Very surprising that when people continue to lose good jobs and have to resort to unemployment checks or fast food jobs that they don't have the money to buy cars, it is shocking that the government couldn't overcome this with "stimulus" and "cash for clunkers".
/s - superkendall, on 10/03/2009, -1/+8Because of cash for "clunkers", which of course artificially inflated sales. That's done so the company is headed down fast, for a worse crash than if they had simply been allowed to declare bankruptcy to start with.
- govsucks, on 10/03/2009, -0/+7Maybe they should have used napalm
- redxii, on 10/03/2009, -1/+7Cry me a river... (I'm hoping it isn't a cry for more aid from GM & Chrysler's Board of Directors (some 400 Representatives, 100 Senators, and a President of some country)).
- DarkShroud, on 10/03/2009, -0/+6Please do some research before commenting in this thread again. Specifically look up the gas millage of the various Chevy brands. Saturns were also pretty good but now they're getting shut down.
- bringitontimx, on 10/03/2009, -3/+9Are you an idiot? They started failing WAY before the bailouts.
- DarkShroud, on 10/03/2009, -2/+8Same here, my mother is going to need a new vehicle soon and we're trying to get her into a AWD Ford Escape. The hybrid would be preferred obviously, I just wish it was as good as the Ford Fusion Hybrid which has an electric compressor for the AC. Here in the Chicagoland area are Summer are hot & humid and our winter suck in general.
- DarkShroud, on 10/03/2009, -4/+9You would be surprised how many people actually think. Right now Ford is getting good will because they have not taken bail out money.
Though my perspective is slightly skewed. Myself, my father, & grandmother all own a Taurus. Right now mine is getting some work down (new compressor) so that it will run for another 100k miles with greater fuel performance compared to when we purchased it. - WhiteRaven, on 10/03/2009, -0/+5Didn't a lot of us say that any gains caused by the CARS program would just be stealing from future sales?
Anyone who believed that Cash for Clunkers would benefit *anyone* is fundamentally incapable of reason. - tgc1, on 10/03/2009, -0/+5The new Fusions look pretty cool.
- tgc1, on 10/03/2009, -1/+6If by Tin Can you mean Plastic then yeah.
- Beylan, on 10/03/2009, -0/+5They also cause the fat, bloated, institutionalized bureaucracies that mega-companies eventually become to fail and allow for smaller, more nimble companies to succeed them.
Thats how economies grow and progress. Unless, of course, the government steps in and ensures those fat, bloated, institutionalized bureaucracies hang around preventing new companies with new ideas from growing. - wakeupsticky, on 10/03/2009, -3/+8Dude, chill the ***** out.
- superkendall, on 10/03/2009, -0/+5The coals they were trying to ignite are now 9.8% wet. It doesn't take a genius to figure out the coals were never going to light.
- tgc1, on 10/03/2009, -1/+6Dude, not only were there no ***** coals to begin with. The Government SOLD them a long time ago. Where have you been?! This is like the government (using your analogy) taking Lighter Fluid and trying to cook with it by having some over paid jackass stand there squirting it onto the barbecue for an hour.
But like all things in Government. Not only would it not work. But they'd have back ordered 10 skids of lighter fluid in small squeeze bottles so they could try over and over and OVER again. All the while telling the public how the flames mean it's working.
***** FAIL. (not on your part. Good analogy, but government... wtf?) - MyKillK, on 10/03/2009, -1/+5LOL. So the lesson here to learn, according to Eddie, is not that forward-pulling demand ends up leaving a void in the succeeding months, but that we didn't give away enough money so that people could trade in their paid-off vehicles for a payment that they probably can't afford anyway.
You should get a job as an economist, they're always in need of more idiots. - DarkShroud, on 10/03/2009, -2/+6This isn't a Toyota we're talking about.
- schoate09, on 10/03/2009, -4/+8The same one that makes ***** tin can unreliable "economy" cars that get outperformed, outlasted, and out "economied" by Honda, Toyota, Nissan, and Subaru.
- FLUX, on 10/03/2009, -0/+4uhhit was automatic in the cash for clinker or did you not understand the program at all
- jshhmr, on 10/03/2009, -1/+5Here is a breakdown of my car ownership. In 1991, my 1st car was a Dodge Shadow. It lasted until 220,000 miles. My next car was a Toyota Paseo, which broke at 115,000 miles. I bought a 1996 Paseo after that which broke at 111,000 miles. After that, it was a Toyota Corrolla which died at 115,000 miles. Now, I learned my lesson in believing that Japanese cars are the best, when in reality American cars have lasted longer. I now own a 2007 Dodge Caliber, and it is the best car I have ever owned. I know I will be dugg down because my American cars have lasted longer than foreign ones, but it is the truth.
- drmangrum, on 10/03/2009, -4/+8@bringitontimx
Stop drinking the kool-aid man. To call GeorgeFord a wing nut from 3 little words means you are WAAAAY to far up Obama ass to hold any semblance of objectivity. The bailout bill was wrong. It was wrong when Bush pushed one through, it was wrong when Obama pushed another through.
Living in a capitalist society means government butts the hell out. Yes, the recession may have hit people a little worse and for a little longer, but it's a correction in the market that needs to take place. Capitalism is economic Darwinism. The strong survive, the weak get gobbled up.
Chrysler and GM need to be gobbled up. - ricker2005, on 10/03/2009, -3/+7What the hell did people think was going to happen? Sales weren't going to stay at the same level they reached when there was essentially a nation-wide sale in effect. Sales went back to normal levels and that's about it.
- yoderizer, on 10/03/2009, -0/+4Numbers are relative to September of last year. Cash for clunkers almost certainly robbed fall to produce a better summer, though.
- Goldcodpiece, on 10/03/2009, -0/+4I've been around car most of my life and GM went the wrong way some years back when it took the highest market share in the world but nothing comes cheap with increased quantity comes decreased quality. Toyota is not going the way of GM their cars are not what they used to be and get not noticeably unreliable but defiantly cheaper. It comes in waves. But I see Ford winning this one in as little as five years I'm sure Ford will be doing very well. Chrysler may not make it another decade and GM will still be there but the cars they make will not be best.
- MyKillK, on 10/03/2009, -1/+5Actually, car sales plunged for all the car companies (except Hyundai I believe). It's the economy. In fact, the estimate for cars sold last month is about 9 million which is right where the trendline was leading before Cash-for-Clunkers. We haven't had a annual sale of cars as low as 9 million in over a decade.
Cash-for-Clunkers = Government wasting billions of dollars to somewhat boost car sales for 2 months but does absolutely nothing for the overall picture - inboxnews, on 10/03/2009, -0/+4It may be happening already. Who can say for sure? There is no transparency in government.
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