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  • 3 Post By pt06
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Old 24 Dec 2018, 07:25 am
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Join Date: Jan 2013
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Default General News

GM announced it is laying off thousands of workers, closing plants, and ending some models. Chrysler killed off the 200 and the Dart. This worries me, as they are depending on the high priced/high profit vehicles to sell well enough to keep the money flowing in. I'm smelling a recession coming on for the middle class. Stock market, GM, Sears, Verizon, etc. When people lose their jobs they usually end up with a lesser paying job, and then can only afford a lower priced car. Chrysler doesn't have much to offer right now. A practical PT Cruiser type car for say $20 to $25 thousand would be a good seller. [V-6, removable rear seats, 10% larger, 30 MPG]. Not everyone wants or can afford a $50,000 pick-up.
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Old 25 Dec 2018, 12:22 pm
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Join Date: Jul 2016
Location: east central wisconsin
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Default Re: General News

Everybody's having difficulty selling their smaller sedans. Forgetting how to build them is a mistake though. Won't be able to give away those thirsty vanitymobiles once gas cost more. It's happened before, it'll happen again. That's how Honda, Datsun and Toyota got a foot hold in the American market. My fathers Oldsmobile got 8 mpg when gas in todays money would easily be over $10 a gal.
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Old 25 Dec 2018, 01:29 pm
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Join Date: Oct 2013
Location: Arkansas
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Default Re: General News

Yep. The stock market has been down evey since Democrats got the House back. And the tariffs aren't helping either. Both parties have blame for all this. Plus the Fed is putting out very worrisome indications. The economy has grown so much in the last two years that a correction had to occur at some point.

The good news is that job growth is continuing even though it's not in the automotive sector. Mini Cooper just announced that they are closing their dealership in Little Rock. They just sell Mini's and not BMW's. So their monthly quota was 24 Mini's. And Arkansas just isn't that into Mini's. An accountant that works for my wife just bought a brand new Mini convertible last year. They've already contacted him to say that his service area is now Memphis which is a two and a half hour drive. However, they did say they are planning to run a "flatbed services" for the free oil changes and warranty work. So he is supposed to call the Mini dealership in Memphis and they are supposed to send a truck all the way to Little Rock to pick up his Mini and carry it back to Memphis for oil changes and any warranty stuff. And then they bring it back, all for no charge. It will be interesting to see how that's going to work.
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