Will new vehicles at all time lows, people will be buying, can't drive old cars forever.
Most people are broke....they can't afford a new car. Doesn't matter if they need one or not, if ya don't have the money, ya don't have the money! And THAT is only going to get worse.
Pent up demand is in the US and Europe with China to double in auto sales in 5 years. Election rally too. DO NOT BE FOOLED......LONG AND STRONG...If you don't like GM then BUY SOMETHING. Market will lift all ships
What makes you think it will go up?
Will new vehicles at all time lows, people will be buying, can't drive old cars forever. -----------------------------The chart is very ugly (from a longs perspective). It might put on anotherdollar or two to complete the Fibonacci correction of the previous move below20.Equities are expensive. Bonds are a calamity waiting to happen. GM appears cheap, but going into a further downturn, it could get much cheaper. And, they have that crazy Volt program: building a car so that millionairescan save a few bucks on gasoline! Ain't that a good one!
<<<<Will new vehicles at all time lows, people will be buying, can't drive old cars forever.>>>>So how does that come out to $30? If you have any calculations you would be willing to share, I would be interested.Does that take into account the govt sale of 500M shares? Or the 300M share sale by UAW & the Canadians?Are you assuming profits will increase from these sales, but the UAW will not ask for substantial consideration to make up for past concessions?-web
what makes the think the government will sell-Obama will have until 1-20-17 to get them sold