Ford sales down 33%

[Squisher]

Originally posted by: ElFenix

Originally posted by: dmcowen674

and 36 mpg with all the safety and extra electronics

I'm sure it can get closer to 50 if they really wanted it to.

Still all part of being in bed with the Oil Industry.

That's why they won't let the 50mpg Ford car here.

50 mpg diesel

Since it's for European consumption, it'll have no less than three powertrains from the get-go, with a 68 hp 1.2L, a 100 hp 1.4L, and a 1.3L, 50 mpg diesel.

that 50 mpg diesel would instantly become a ~42 mpg diesel in the US, assuming the emissions equipment wouldn't have to change.

And burning a fuel that is 20% more expensive.

 

[mooseracing]

Originally posted by: Vic

Originally posted by: mooseracing

Originally posted by: Vic

Originally posted by: mooseracing

Originally posted by: compuwiz1
Ford customers are not the only ones who are having difficulty getting financing. Three things are going on here.
1. Lending criteria is tightening.
2. Those who are getting financed, especially sub 700 fico scores are having to pay much higher rates, in many cases pricing them out of what they want to buy.
3. In general, credit ratings are declining.

It's not tightening, it's getting back where it should be. The banks all of a sudden learned they shouldn't be handing out cash so easily.

No, it's actually much worse than it should be. A buddy of mine is the F&I manager at a large dealership, and he told me that only the 'bricks' are able to get a decent loan right now, and sometimes not even then.

A car loan is backed by collateral. It's not just handing out cash. Worse still, banks that don't make loans don't make money, so this scenario opens all new problems for the banks down the road.

So you mean people that have been stupid and financed their lives can't go out and buy a car? Good, I'm Glad.

I hope finally that the people living off of govt help such as food stamps or welfare can't go out and get new cars either. I'm sick of this shit.

No, I said that people who have been smart and frugal with their use of credit are having trouble getting a car loan now. I also said that if banks don't make loans, they're going to have an awful lot of trouble staying in business considering that lending money is every bank's primary business model.

Welfare and food stamps don't factor into this scenario, but your opinion is noted. :roll:

How are they having a problem if they have collateral like a house or previous car that is actually paid for? If they have the above they would get approved easily, unless they are delinquent.

 

[Vic]

Originally posted by: mooseracing

Originally posted by: Vic

Originally posted by: mooseracing

Originally posted by: Vic

Originally posted by: mooseracing

Originally posted by: compuwiz1
Ford customers are not the only ones who are having difficulty getting financing. Three things are going on here.
1. Lending criteria is tightening.
2. Those who are getting financed, especially sub 700 fico scores are having to pay much higher rates, in many cases pricing them out of what they want to buy.
3. In general, credit ratings are declining.

It's not tightening, it's getting back where it should be. The banks all of a sudden learned they shouldn't be handing out cash so easily.

No, it's actually much worse than it should be. A buddy of mine is the F&I manager at a large dealership, and he told me that only the 'bricks' are able to get a decent loan right now, and sometimes not even then.

A car loan is backed by collateral. It's not just handing out cash. Worse still, banks that don't make loans don't make money, so this scenario opens all new problems for the banks down the road.

So you mean people that have been stupid and financed their lives can't go out and buy a car? Good, I'm Glad.

I hope finally that the people living off of govt help such as food stamps or welfare can't go out and get new cars either. I'm sick of this shit.

No, I said that people who have been smart and frugal with their use of credit are having trouble getting a car loan now. I also said that if banks don't make loans, they're going to have an awful lot of trouble staying in business considering that lending money is every bank's primary business model.

Welfare and food stamps don't factor into this scenario, but your opinion is noted. :roll:

How are they having a problem if they have collateral like a house or previous car that is actually paid for? If they have the above they would get approved easily, unless they are delinquent.

Hello? McFly? That even 'bricks' (or highly-qualified customers in car sales lingo) are having a problem getting financing is the discussion of this thread. The credit crisis is spreading throughout the economy, and the automakers are getting hit hard by it now (on top of high gas prices). You don't have to be delinquent in order to get turned down anymore, banks have tightened lending that much.

 

[ElFenix]

Originally posted by: BoberFett

Originally posted by: dmcowen674

Originally posted by: ElFenix
dave, can you explain how the car industry benefits from oil company profits?

The execs & politicians they own that put millions in their personal pockets couldn't give a crap about the industry.

I think that's a "No", ElFenix.

that is a definite "no."

 

[dmcowen674]

Originally posted by: Squisher

Originally posted by: ElFenix

Originally posted by: dmcowen674

and 36 mpg with all the safety and extra electronics

I'm sure it can get closer to 50 if they really wanted it to.

Still all part of being in bed with the Oil Industry.

That's why they won't let the 50mpg Ford car here.

50 mpg diesel

Since it's for European consumption, it'll have no less than three powertrains from the get-go, with a 68 hp 1.2L, a 100 hp 1.4L, and a 1.3L, 50 mpg diesel.

that 50 mpg diesel would instantly become a ~42 mpg diesel in the US, assuming the emissions equipment wouldn't have to change.

And burning a fuel that is 20% more expensive.

Did you ever stop and think why all of a sudden is diesel which is the first cracked product out of a barrel of oil is now higher than it's more refined gasoline counter-part?

You're all being played like a fiddle and loving it.

 

[JS80]

Originally posted by: sportage
This is the prime example of ?stupid? rule.
The auto industry insisted on making gas hog cars and TOTALLY
ignored what the people wanted.

But its not just the car industry...

Look at your house. You have all this area called "the roof" that goes to waste.
If every roof had solar energy, imagine the savings nation wide.
Solar energy could have been developed and applied to every house.
Its tragic that the sun above is offering free energy, and we waste
it with shingles and tiles.

If they can make an high tech ipod, they could develop solar energy like you
can not imagine. Not those huge solar panels, but something far more efficient and compact. All it takes is investment and desire to do it.
In America, stupid rules. It has all along... And it looks like it just might be
our downfall. Really sad.

lol @ irony

 

[Fern]

Originally posted by: Vic
-snip-
Hello? McFly? That even 'bricks' (or highly-qualified customers in car sales lingo) are having a problem getting financing is the discussion of this thread. The credit crisis is spreading throughout the economy, and the automakers are getting hit hard by it now (on top of high gas prices). You don't have to be delinquent in order to get turned down anymore, banks have tightened lending that much.

Any possibility some of this lack of credit for dealerships has to do with value of these new cars dropping like lead?

Since gas prices have shot up we've seen many stories about how the value of the typical truck/SUV have dropped so low the trade-in value is utterly crap.

I wouldn't finance that stuff either; the collateral (the truck/SUV) is no good.

Fern

 

[TheSlamma]

Originally posted by: dmcowen674

Originally posted by: Squisher

Originally posted by: ElFenix

Originally posted by: dmcowen674

and 36 mpg with all the safety and extra electronics

I'm sure it can get closer to 50 if they really wanted it to.

Still all part of being in bed with the Oil Industry.

That's why they won't let the 50mpg Ford car here.

50 mpg diesel

Since it's for European consumption, it'll have no less than three powertrains from the get-go, with a 68 hp 1.2L, a 100 hp 1.4L, and a 1.3L, 50 mpg diesel.

that 50 mpg diesel would instantly become a ~42 mpg diesel in the US, assuming the emissions equipment wouldn't have to change.

And burning a fuel that is 20% more expensive.

Did you ever stop and think why all of a sudden is diesel which is the first cracked product out of a barrel of oil is now higher than it's more refined gasoline counter-part?

You're all being played like a fiddle and loving it.

I wonder if it has anything to do with the new standard going from 500 parts per million to 15 parts per million on sulfur and the additional refining that needs?

BTW.. have fun getting lung cancer.

 

[BoberFett]

Originally posted by: Squisher

Originally posted by: ElFenix

Originally posted by: dmcowen674

and 36 mpg with all the safety and extra electronics

I'm sure it can get closer to 50 if they really wanted it to.

Still all part of being in bed with the Oil Industry.

That's why they won't let the 50mpg Ford car here.

50 mpg diesel

Since it's for European consumption, it'll have no less than three powertrains from the get-go, with a 68 hp 1.2L, a 100 hp 1.4L, and a 1.3L, 50 mpg diesel.

that 50 mpg diesel would instantly become a ~42 mpg diesel in the US, assuming the emissions equipment wouldn't have to change.

And burning a fuel that is 20% more expensive.

Not to mention greater consumption of diesel would cause the price to skyrocket forcing not only the cost of basic transportation to go up but also the transportation of goods, making the entire cost of living skyrocket.

And before anyone says bio-diesel, there is no current bio-diesel on the table that can power the whole country.

 

[Chunkee]

Maybe the fallout will result in some improvements all around. First off, customer service. Secondly, better interest rates incentives. Maybe they will also start making them more economical. Christ, even with the employee pricing from GM, trucks and SUVs are outrageous. Why would I buy something for 39,000 that as soon as I drive it away it is worth about 22,000? It is going to get much worse. I am just hoping that consumers will learn from this, that taking away the demand, can actually bring about some change.

jC

 

[foghorn67]

Originally posted by: dmcowen674

Originally posted by: Squisher
Nobody would need a loan if the government would let the market decide on gas mileage.

What is really going to be the kicker is either the sticker shock when people find out what it costs to purchase a high mpg vehicle or finding out you can't purchase what you want because the car companies cannot make full sized vehicles because of CAFE.

The loan is there for R&D to develop technologies so either of those scenarios don't take place, but unless there is leap in technology they will.

Bullshit

My Honda Civic back in the mid 80's got 50 miles to the gallon.

before the safety standards, ride quality improvements, nvh improvements, emission equipment (not standardized).

 

[StageLeft]

Originally posted by: Squisher
You want technology?

I'll give you the Chevy Volt a compact coming in 2010. You'll be able drive it 40 miles on stored electricity ($.06/mi.) and GM is pushing for them to give it a 100 mpg rating when it runs on gas.

Sounds wonderful, right? Whispers are that it'll be $40,000 (for a compact!!!), but let's say it's $30,000. You are paying an extra $15,000 over other comparable compacts. How long will it take you recoup $15000 even if gas is $5/gal. Probably 10+ years. OK, you walk into a dealership and there are 2 cars sitting there exactly the same except for their gas mileage. One is $30,000 the other is $15,000. Which one do you buy?

According to the government, in a short while you won't have the choice. Open your wallets, unless there is a leap in technology. How do get technology? By throwing money at it. Like $50 billion dollars of money that NO ONE expected to have to spend including the foreign automakers.

Whispers are more like it will be closer to $50k before tax rebates. THat's the best price I can find from wikipedia's entry about the volt. Interesting car but economically 100% impractical for most of us compared to a gasoline compatriot for many, many thousands less.