O
OLDGOAT
Guest
Just picked up in business news that GM has posted very poor performance and has dropped sales forecasts. The article mentioned poor market timing on GM's part with gasoline prices going through the roof and the GM line fat with lots of huge SUV's. GM has been laying off workers as well. It's said that if GM bonds fall another notch they will be in the "junk" category.
Another interesting item in the article I read was that EACH GM car's final price to the consumer includes $1000 of health care related costs for their workers. I would expect that this will further GM's eagerness to move more jobs offshore.
What this very poor present and projected GM performance means for vette prices is the question of interest to this forum. With profit margins falling in just about all lines and many lines building inventory the vette remains one vehicle that sells at or near MSRP and , doubtless, returns a very FAT profit margin. Dealers as well will be looking to the vette to keep them afloat in a sea of mediocre economy cars and wannabe tuner junk like the Cobalt.
I am curious what effect other forum participants think GM's poor corporate performance may have on vette pricing and possible sales incentives. My hunch is that prices may soften up a bit and that some sales incentives may be applied to the C6 in an effort to pump up da bolume of vette sales.
On the other hand the high gas prices may tend to depress vette sales as well?
Watcha think?
Another interesting item in the article I read was that EACH GM car's final price to the consumer includes $1000 of health care related costs for their workers. I would expect that this will further GM's eagerness to move more jobs offshore.
What this very poor present and projected GM performance means for vette prices is the question of interest to this forum. With profit margins falling in just about all lines and many lines building inventory the vette remains one vehicle that sells at or near MSRP and , doubtless, returns a very FAT profit margin. Dealers as well will be looking to the vette to keep them afloat in a sea of mediocre economy cars and wannabe tuner junk like the Cobalt.
I am curious what effect other forum participants think GM's poor corporate performance may have on vette pricing and possible sales incentives. My hunch is that prices may soften up a bit and that some sales incentives may be applied to the C6 in an effort to pump up da bolume of vette sales.
On the other hand the high gas prices may tend to depress vette sales as well?
Watcha think?
