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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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Experienced Member ![]() ![]() ![]() Group: Advanced Members Posts: 1,197 Joined: 13-February 04 From: Hudson, Colorado Member No.: 197 ![]() |
I have to agree. GM has very little I would consider buying right now. Most of the SUV's are way over weight, under powered, suck off road and in the snow, get bad milage and aren't much to look at. Of course this can be said of almost all SUV's built today, not just GM. I've never been a small car person and I can't afford a 'vette or even a GTO right now. The less expensive larger car offerings are just boring, under powered and handle crappy.
I would like to go test drive the new Dodge Magnum and Charger. At least in concept, I like them. Rear drive, V8, a real back seat and a good trunk/cargo area makes them look practical and maybe even fun. I also like the looks of the new Mustangs. I will be in the market for a new daily driver soon and even if I could afford a new car, it would probably not be a GM. I'll probably buy a used Cherokee or Grand Cherokee, '97 or newer. That said, I plan to keep the Camaro SS and my wifes TA for long time. |
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