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Advanced Member ![]() ![]() Group: Advanced Members Posts: 588 Joined: 23-December 03 From: Sterling, IL Member No.: 7 ![]() |
Last fall, GM announced a reduction in GTO production and had to offer large rebates on this brand new model to sell off inventory
In December, GM had a 301 day supply of SSR's on hand. Then the XLR gets a production cut from 23 to 12 a day. There's a 200 day supply of them out there. Cadillac hoped to sell 6,000 annually, but through 18 months, sold just 4,744. February, GM decides to cut $1500-$2000 off the sticker mid-year on Trailblazers/Envoys/Rainiers and currently has 0% for 60 months to get them selling again. TrailBlazer sales fell 46% compared with January 2004. Envoy sales were off 52% and Rainier 27% according to Autodata reports. Then for March, the factory that produces the LaCrosse & Grand Prix is shutting down for a week. Then the earnings forecast for 2005 drops 80%. Stocks drop to 8 year low. I think this goes back to cutting the Camaro and Firebird out of the lineup. |
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FRRAX Owner/Admin ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() Group: Admin Posts: 15,432 Joined: 13-February 04 From: Ohio Member No.: 196 ![]() |
QUOTE (pknowles @ Mar 16 2005, 02:33 PM) I agree with Randy, other then the vette, some caddy's, and the big truck/SUV's I wouldn't touch anything else. Also GM doesn't have a low budget performance car (~20k) that the base Z28 was. Sure they do, they have that abomination of a cavalier with the wing and the full "fast and furious" option kit for all the kids. That's performance these days. If it comes with clear tail lights, a fart can and a tri-plane wing, it has to be fast. If it were just a Civic, GM wouldn't be able to keep them in stock. (IMG:http://www.frrax.com/rrforum/style_emoticons/default/ph34r.gif) As far as SUV's, the offerings from Caddy are Fugly (and I really don't like the new cars, look like they were chopped out with an axe). The dressed up version of the Avalanch, complete with "tug boat trim" (bodywork) is even worse than the Chevy version. The Escalade is just as bad, buy a Suburban and spare us the ugly. I agree, my next one will probably have to be a Corvette. I'm starting to think 2004 Z06's look very good (gently used, if there is such a thing). Or, back to a 3rd gen to play with. Otherwise, a BMW 330Ci or Audi S4 (M coupe.....Mmmmmm) are climbing towards the top of my list. I'm not a fan of most Japaneese cars (who needs reliability anyway?), but I might go back to Germany for my next one. Unless something changes or I decide on a new Corvette, I don't think I'll be buying anything GM anytime soon (maybe a truck, but I'd probably buy a Ford or Dodge). |
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