No PM, you wouldn't get thrown off the plane, you are an integral part of the supply chain, with loading all those bags in the cargo hold. Of course that is the special section where you travel, the cargo hold or the wheel compartment.
My guess is you have missed the five recalls they have had so far on the new Escape and the impending recalls on the EcoBoost F 150 with stalling issues.
By all means Pee Bob, please show us where AmeriCredit lost $88 Billion in 5 years. And while you're at it please show us your source that confirm GM vehicle purchasers have a 620 or less FICO score.
BTW, please share with the board the FICO scores of the typical pawn shop customer.
Pee Bob, a majority of those loans will be paid back at an interest rate that takes in to account the ones that will be defaulted on. It's called calculated risk, and a company that has been profitable for YEARS knows what the risk is far better than you do.
I'm still waiting on your prediction for the price crash when the government sells its shares. What's that, they sold all their shares and the price went up?
Looks like your financial analytical skills s u c k!
Pee Wee, do you need a lesson on how finance companies work, because you appear clueless.
AmeriCredit is a sub prime lender, and before GM purchased them they were making loans to ALL MANUFACTURERS, which they still do. These loans are for both new and used vehicles, and are not exclusively to GM dealers.
During the recession people were still paying their car loans while their houses went into foreclosure by quite a large percentage I might add.
If the F&I manager at ANY DEALERSHIP can't get a loan approved through ordinary channels, he then shops the paper around to the subprime channel. If Americredit gives the dealer a bigger percent, then the dealer will push their loan to the subprime borrower.
So unless you have actual data as to the percent of loans they make just to GM VEHICLE PURCHASERS, then you, as is typical in your case, is just blowing smoke. It is a fact that the Korean manufacturers have a higher percentage of subprime borrowers than the larger OEM. I know that Bank of America would not even write loans on Korean vehicles a few years ago, it was even on their credit applications!
I'm sure your 12 year old Mercedes and your 20 year old Honda minivan are your reference point there PM.
Looks like no one is currently engaging your 'services' as a consultant.
Tell us PM how many 'jobs' did you have last year, and no, Amway distributor doesn't count.
How does it feel to get beat down every time you post here? My, you seem to be a glutton for punishment.
These comments coming from a known racist that exploits his workers to obtain minority contractor status simply because he knows that his company could not succeed in the private sector based on the quality of work and cost.
Face the facts cobra, your company is a fraud.
Funny the Volt outsells its direct Toyota competition, the plug in version of the Prius, what at over $33K and an electric range of a whopping 13 miles.
Sammy, we all have yet to see you compose a proper English sentence. Is being a functional illiterate a requirement to being a Toyota salesman? Is that so you can be the intellectual equal to your customers?
The WSJ showed pictures of the new Sonata yesterday, it breaks no new ground and the consensus is it will face an uphill battle due to carry over powertrains, and lack of innovations compared to the competition.
How is the Genesis coupe selling compared to the Camaro? Ans: Not too good! The sedan is not selling all that great either.
Hyundai doesn't use as much high strength steel as GM, They are overeating it's use but are currently not.
A better question for Pee Wee, why are Sonata sales off 28% year to date and why have they lost market share both in the US and Korea for the last two years?
You've earned the title of doofus for a reason. Monthly sales figures are the same for all OEM'S and are the retake deliveries reported by their respective dealers to customers out of their inventories, not sales of units to dealers.
According to Automotive News, it's going to cost body shops over $70K in new equipment to repair the new Ford pick ups.
Hey Pee Wee, if you are so concerned about inventory, why don't you provide the figures of Toyota, Honda, Nissan, etc., that are sitting at ports of entry, horse pastures in kentucky, tennessee, texas, and ohio?
Isn't it far better for the manufacturer to sell the output to the dealer, thus getting revenue, than it is for the manufacturer to tie up their capital? And isn't it better for the customer to have a wider selection of inventory to choose?
And BTW, I noticed that Hyundai sales fell last month to around 49,000 units. Isn't that about the exact same number of GM full size trucks that were sold? Does that not imply that Hyundai full line is a failure, as their entire line can't even outsell one GM platform?
Hyundai blamed their poor performance on the weather, but the Sonata, the car that is taking GM market share in California, according to you, wasn't even in the top 20 in sales and once again got outsold by the Malibu. I didn't read about any massive snow storm in LA.
Anyone that thinks the Juke looks nice is either blind or ignorant or a combination of both.
What happened to your I trade stock naked alias, Rusty?
”I only post as rd”
Really? Web, spiders and clowns, mullah, trower, and who knows what other aliases are all your other names. Perhaps they became too unbelievable to have any credibility, the same as your current one.
About time you come up with another.
I'd like to know how a moron comes up with a $400 per car estimate when the part is a $40 part and the labor is half an hour.
Once again Pee Wee proves he has no knowledge of this business and is just grasping numbers out of thin air.
Sure you do, Pee Wee, I guess cleamo043 signs off /rd because it's cool