Law and Rights
Detroit has its "big 3" auto investors and all of them are predicting a sales slump next year. Looks like the Grinch has struck the auto industry!
One of the predictors is Jerry York, an advisor to billionaire investor Kirk Kerkorian. Another is financier Wilbur Ross. Then there's Thomas Stallkamp, a former president of Chrysler. All are negative on next year's auto industry outlook, with predictions of a 10% sales reduction.
Detroit went through a similar sales slump back in 1991 when sales fell 11% and the economy was slumping in general. Same thing back around 1982-3. Maybe this is just a ten year thing and the middle Eastern war delayed it a few extra years?
Then again maybe the housing market mess and the current sluggish economy is dampening consumer spirits, causing more caution when it comes to spending.
Whatever it is, the predictions are that Detroit will deal with it by cutting production instead of juicing up the rebate machine. So don't count on seeing zero rate loans and generous rebates or big price discounts next year.
If your car or truck is running right, get it serviced often and keep driving on down the road (right past those shiny, expensive hunks of iron on the front row of the dealer's lot down the street). If you've got a lemon car or a lemon truck or a lemon motorhome though, now is the time to do something about it. As the economy tightens up in the coming year, so will the factory's willingness to help out consumers who bought bad products and are now stuck.
If you've got a lemon, call us. Getting rid of them is what we do. Everyday.
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- What Bad Economy? Car Sales Are At A 2 Year High Point
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- Big 3 Opening Detroit Auto Show
Chrysler just got its $5 billion payment from the US government on January 2, 2009. GM got its first billion dollar payment too. In spite of the auto industry woes, the North American International Auto Show opens Jan. 17 and runs to the 25th at the Cobo...
- One Car That Keeps On Selling
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- Detroit Is #2 In Us Sales
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- Mazda To Kill Its Rebates & Sales Incentives
Mazda has just announced that it is going to kill off US rebates and sales incentives in order to stabilize its prices and profits, according to Automotive News magazine. Frankly, it's an approach Detroit might want to consider. Mazda says it will...
Law and Rights
Grinch Strikes Auto Industry
Detroit has its "big 3" auto investors and all of them are predicting a sales slump next year. Looks like the Grinch has struck the auto industry!
One of the predictors is Jerry York, an advisor to billionaire investor Kirk Kerkorian. Another is financier Wilbur Ross. Then there's Thomas Stallkamp, a former president of Chrysler. All are negative on next year's auto industry outlook, with predictions of a 10% sales reduction.
Detroit went through a similar sales slump back in 1991 when sales fell 11% and the economy was slumping in general. Same thing back around 1982-3. Maybe this is just a ten year thing and the middle Eastern war delayed it a few extra years?
Then again maybe the housing market mess and the current sluggish economy is dampening consumer spirits, causing more caution when it comes to spending.
Whatever it is, the predictions are that Detroit will deal with it by cutting production instead of juicing up the rebate machine. So don't count on seeing zero rate loans and generous rebates or big price discounts next year.
If your car or truck is running right, get it serviced often and keep driving on down the road (right past those shiny, expensive hunks of iron on the front row of the dealer's lot down the street). If you've got a lemon car or a lemon truck or a lemon motorhome though, now is the time to do something about it. As the economy tightens up in the coming year, so will the factory's willingness to help out consumers who bought bad products and are now stuck.
If you've got a lemon, call us. Getting rid of them is what we do. Everyday.
Burdge Law Office
www.BurdgeLaw.com
Helping Consumers, and Consumer Law Attorneys, Since 1978
www.BurdgeLaw.com
Helping Consumers, and Consumer Law Attorneys, Since 1978
Subscribe in a reader- What Bad Economy? Car Sales Are At A 2 Year High Point
It's getting better in spite of what "they" keep saying.The economy appears to be heading up in spite of the doom and gloom from politicians and dismal failings of some college football coaches. Enough of the bad news, folks. We can talk ourselves...
- Big 3 Opening Detroit Auto Show
Chrysler just got its $5 billion payment from the US government on January 2, 2009. GM got its first billion dollar payment too. In spite of the auto industry woes, the North American International Auto Show opens Jan. 17 and runs to the 25th at the Cobo...
- One Car That Keeps On Selling
The 2009 Ford F150 debut has been moved back about two months to give dealers time to unload the oversupply of 2008 models still gathering dust on America's showroom floors. GM sales are off 45% from a year ago. Ford is down 32%. The whole industry...
- Detroit Is #2 In Us Sales
There is no joy in mudville... For the first time since US auto production began 102 years ago, more foreign-plated cars and trucks were sold in the US than were cars and trucks built by US companies. How in the world did the Big 3 get in this mess and...
- Mazda To Kill Its Rebates & Sales Incentives
Mazda has just announced that it is going to kill off US rebates and sales incentives in order to stabilize its prices and profits, according to Automotive News magazine. Frankly, it's an approach Detroit might want to consider. Mazda says it will...