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Opinion - USA - Slow Months Coming
Sales have been pulled ahead by employee discounts
Pleasant Ridge, MI,USA -The Car Connection, by Jerry Flint -2005-09-26 (8-/ Slow times are coming forDetroit - two months for sure, three months likely, maybe even four months. After that we're in 2006 and we'll see... There are four good reasons:
1. Payback from the sales boom of the last few months tied to the employee sales bargain days... 2. Higher prices. The Detroit companies are trying to push prices up... 3. Gasoline prices are inching their way down, slowly, but the shock won't wear off... 4. And there's the issue of confidence. That University of Michigan consumer confidence index has dropped to a 13-year low... business in September. Ward's Automotive Reports predicts a 28-percent sales decline for General Motors from a year ago, a 14-percent drop for Ford, and a slight gain for Chrysler. We'll see how it comes out in two weeks. It's reasonable to figure that October will be another down month, and probably in November and possibly December, too...
posted by Unknown @ 9:58 AM
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