OUCH! GM sales plummet 21%

[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.

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.

[Spuds]

At least GM has the Saturn line, the Silverado and Corvette, Cadillac and the H3 to keep them strong.

Ford has.......

Ford has........

Mazda!

It must suck to be Ford.....

[phantom2]

I can't begin to tell you how many times I have purchased and sold GM stock.Whenever I purchased it,it was with the blessing of my broker.I have never made a penny on GM and I have learned my lesson.I was brought up on GM and Chevrolet and I'm very disappointed in the way the company has evolved.I don't think they will recover from their poor reputation for quality that they earned through the 70s and 80s.

[usetosellhummer]

I owned a Chevy Citation. POS
I know all too well. I have no real money so I can't say much about investing.

[marin8703]

Originally Posted by phantom2

I can't begin to tell you how many times I have purchased and sold GM stock.Whenever I purchased it,it was with the blessing of my broker.I have never made a penny on GM and I have learned my lesson.I was brought up on GM and Chevrolet and I'm very disappointed in the way the company has evolved.I don't think they will recover from their poor reputation for quality that they earned through the 70s and 80s.

the time to get it was a little while back in 06, but now is still good. I made some money

btw, brokers suck, they dont know shiet from...???...anything else. your better off following the market yourself if you have time.

[Dani]

Unfortunately due to the recent dealings I've had with GM- I will not purchase another vehicle from them. I absolutely love my H3- don't get me wrong and it's killing me to get rid of it...BUT...It's just a lemon and GM doesn't wanna do crap for me. I can't support a company that refuses to stand behind their product. I'm waiting for the outcome from the Better Business Bureau/Lemon Law. Once it's done with- I'll be at a dealership to buy something foreign. Maybe I'll go back to a BMW or perhaps I'll grab a Mercedes this time but GM is definitely out. Hell- they could give me the vehicle for free and I'd still not take it.

[marin8703]

Originally Posted by Dani

Unfortunately due to the recent dealings I've had with GM- I will not purchase another vehicle from them. I absolutely love my H3- don't get me wrong and it's killing me to get rid of it...BUT...It's just a lemon and GM doesn't wanna do crap for me. I can't support a company that refuses to stand behind their product. I'm waiting for the outcome from the Better Business Bureau/Lemon Law. Once it's done with- I'll be at a dealership to buy something foreign. Maybe I'll go back to a BMW or perhaps I'll grab a Mercedes this time but GM is definitely out. Hell- they could give me the vehicle for free and I'd still not take it.

that sucks, every time i but a vehicle i pray (kinda) to not get a lemon or something of the sort. but no matter how rare theyare one in a bunh will just have something consistently happening to it. GM should do something if it is indeed a lemon. Whats their response been?

at leas tyour going with good brands and not that shiet toyotas got going on.

[Dani]

Originally Posted by marin8703

that sucks, every time i but a vehicle i pray (kinda) to not get a lemon or something of the sort. but no matter how rare theyare one in a bunh will just have something consistently happening to it. GM should do something if it is indeed a lemon. Whats their response been?

at leas tyour going with good brands and not that shiet toyotas got going on.

GM actually agreed to do a trade re-purchase. HOWEVER their trade re-purchase offer is to just give me what I owe on my current H3 in credit towards a different H3. Now- how they figure that is beyond me. I paid $37k for my car and they aren't offering me anywhere near what I paid for it. They offered me about $15k less as they said that since I only owe $22k on it- that's all they will give me towards the re-purchase. GM also wants to charge me for mileage used on my current H3. So basically by the time I'd be done with the trade re-purchase- I'd owe them at least $10-20k more depending on the H3 that I pick out. We also qualify for GMS but were told by GM that we cannot use GMS on a re-purchase.

[Dani]

Originally Posted by Steve - SanJose

Dani - I'm curious, how many miles on you H3? That part about giving credit for the loan balance is lame, how they come up with this crap is beyond me.

I have right around 32k on it right now.

[marin8703]

Originally Posted by Dani

GM actually agreed to do a trade re-purchase. HOWEVER their trade re-purchase offer is to just give me what I owe on my current H3 in credit towards a different H3. Now- how they figure that is beyond me. I paid $37k for my car and they aren't offering me anywhere near what I paid for it. They offered me about $15k less as they said that since I only owe $22k on it- that's all they will give me towards the re-purchase. GM also wants to charge me for mileage used on my current H3. So basically by the time I'd be done with the trade re-purchase- I'd owe them at least $10-20k more depending on the H3 that I pick out. We also qualify for GMS but were told by GM that we cannot use GMS on a re-purchase.

man that sucks. hope you win your lemon case, at least you get a little something better. Although I am a little glad to hear that GM did at least offer something (however bad that offer may be). I have a feeling some of the other manufacturers wouldnt even give you any offer at all, they would just wait for the law suit.

good luck with the whole thing.

[phantom2]

Dani,you have definitely had a rough time of it, but you just can't compare any GM vehicle to Mercedes or BMW.If I could afford either of those,I would never purchase a GM vehicle although I really would love a Corvette.

[Dani]

Originally Posted by phantom2

Dani,you have definitely had a rough time of it, but you just can't compare any GM vehicle to Mercedes or BMW.If I could afford either of those,I would never purchase a GM vehicle although I really would love a Corvette.

I would loved to keep my Hummer and will really miss it when it's gone. It's the one and only car that I've wanted for many many years. However I've noticed that GM just doesn't have the same idea on quality as foreign auto makers have. The first vehicle I ever bought was a '75 BMW 2002A. It was old and totally crappy looking BUT- I drove it for 10 years and didn't put a single dime into it other than gas, oil and brakes. Not bad for a vehicle that was 19 yrs old when I bought it. It was probably the best car I've ever owned (quality wise). I've owned a few Honda's and the H3 is the first American made vehicle I've ever bought. My hubby has an Impala (company car) and I've noticed that it too lacks in the quality department.
Maybe I'm too picky- I don't know. But when I spend $37k on a brand new vehicle I expect it to get me from place to place without spending almost 50 days in the shop in it's first year of use.