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Old 07-04-2007, 05:34 PM
Steve - SanJose
 
Posts: n/a
Default Re: OUCH! GM sales plummet 21%

Quote:
Originally Posted by usetosellhummer
I belive builders post supports my statement. Fleet sales were killing retail. Why spend 20 k on a G6 or other product when you can get the fleet dump of same model year for 6 k less. I still belive now is the time to buy GM stock. I don't have the cash but they will come back. World markets are going to make GM grow.

GM and Ford have been spewing crap about fleet sales for 10 years. And the numbers fluctuate but they are still huge. Fleet sales/rental cars kill the resale values which increases the cost of ownership to the average retail buyer.

I prefer Apple stock personally, got in cheap during the last market slump. But GM does look like it might be worth taking a position, but still very risky.
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