why is GM closing dealerships??

[alkemyst]

you're a pretty hostile dude, also I said it was a credit line, not securitization line; I hope you at least know the difference in that. Are you taking night classes or something, not even our CFO uses as much terminology in a month as you do in a single breath.

It may be closer to 8% as well, It's high enough that we try to avoid it at all costs. Maybe I will go review some powerpoints and see. Just remember a credit line is a lot different than a securitization line...I am not sure why you got confused about that...that's a really basic contempt with no big words in it.

Also all your acronyms, abbreviations and what-not are probably cool around the watercooler which the interns, but the audience here probably has no idea WTF you are talking about (nor cares really)...

Just for the record I was involved in one of the largest mortgage-backed securitizations of the 1990's involving Blackstone, JP Morgan, Solomon Bros, and some others. The plaques are back at my office.

I am on the IS/IT side of things now...

I graduated from 3 colleges, one was a Junior, but the other two were University of Florida and Florida Atlantic....hardly DeVry. I also started working in a mortgage company around 1983, just filing papers originally but 4 years later I was setting up loan pools for sale. By the mid 90's I was going out solo verifying our purchase prior to the money being sent. Oh, and at that time I didn't even have any degree.

 

[LegendKiller]

Originally posted by: alkemyst
you're a pretty hostile dude, also I said it was a credit line, not securitization line; I hope you at least know the difference in that. Are you taking night classes or something, not even our CFO uses as much terminology in a month as you do in a single breath.

It may be closer to 8% as well, It's high enough that we try to avoid it at all costs. Maybe I will go review some powerpoints and see. Just remember a credit line is a lot different than a securitization line...I am not sure why you got confused about that...that's a really basic contempt with no big words in it.

Also all your acronyms, abbreviations and what-not are probably cool around the watercooler which the interns, but the audience here probably has no idea WTF you are talking about (nor cares really)...

Just for the record I was involved in one of the largest mortgage-backed securitizations of the 1990's involving Blackstone, JP Morgan, Solomon Bros, and some others. The plaques are back at my office.

I am on the IS/IT side of things now...

I graduated from 3 colleges, one was a Junior, but the other two were University of Florida and Florida Atlantic....hardly DeVry. I also started working in a mortgage company around 1983, just filing papers originally but 4 years later I was setting up loan pools for sale. By the mid 90's I was going out solo verifying our purchase prior to the money being sent. Oh, and at that time I didn't even have any degree.

I'm trying to see if you can keep up. You're doing a poor job.

Revolving securitizations are credit lines sparky (they are also called warehouse lines and conduits). You draw on them when needed and pay them down when not. You pay a utilized fee and a committment fee. Wow, exactly like a " credit line". It is credit and it is a line extended! What's hilarious here is that you pretend to know a lot but don't even know what. Even more hilarious is the fact that the only point you can score is to talk about one thing over and over (dealer floorplan securitizations), then blur the lines between your "line of credit", then obfuscate the truth and try to score a cheap point by going to a tangential and ridiculous argument. Wow, great, you really got me!

Yeah, you do that, go review your treasurer's ppt while I go to work tomorrow actually maintaining securitizations, originating new positions, and underwriting bonds (or are those shares...? Am I doing an IPO or a securitization?).

Ohhh, now it may be closer to 8%. Next thing I know it's going to be 6% and in line with most other securitization positions in this market, making "tons" of money. lol. What's funny is that 8% is probably pretty close to your WACC. Zomg, another acronym, sorry.

I was involved in SLM's and Chysler's securitization renegotiations, two of the largest in history. I read the PPM's and tossed them in the trash, but I was "involved". Let me know when you crack a tape or read an indenture. It's obvious from you not knowing what a "line of credit" is, to not even knowing borrowing rates, to not even knowing how securitizations are structured, to finally showing your blatant lack of securitization parlance (shares...lol), that you're really talking out of your ass and you've got no idea how a dealer floorplan securitization works.

FAU may not be DeVry but the defining difference is FAU has an entrance exam. It's called "putting your name on the application".

 

[MovingTarget]

It just doesn't seem to be right in some areas. Here, they closed some of the most profitable dealerships in the state - one of which had been open since 1908. It just doesn't seem to make sense to most people...

 

[miketheidiot]

Originally posted by: Citrix
the dealerships don't cost the the automakers any money they are independently owned and operated so i don't understand what the purpose is in terminating the relationship between automaker and dealer that closes the lot.

fewer larger dealership are more efficient and competent than more smaller dealers, and can offer a greater selection and faster turnover.

 

[alkemyst]

Originally posted by: LegendKiller
Yeah, you do that, go review your treasurer's ppt while I go to work tomorrow actually maintaining securitizations, originating new positions, and underwriting bonds (or are those shares...? Am I doing an IPO or a securitization?).

Ahh it makes sense now, you are a clerk/junior attorney/type. Who the fuck has an edu address post-graduation to a school in Minnesota no less.

Maybe when you get your MBA they may give you some more responsibility and less menial work. If you already have your MBA, then it's obvious you haven't learned your role.

Make sure you aren't late with any TPS reports...lol because it's obvious you aren't going to be invited to any deal after parties.

Make sure you read chapters 5-7 tonight on acronyms that start with R, S and T. Brought to you by the numbers 3,7, and 8.

Thanks for the good read....:thumbsup:

 

[Codewiz]

Originally posted by: alkemyst

Originally posted by: LegendKiller
Yeah, you do that, go review your treasurer's ppt while I go to work tomorrow actually maintaining securitizations, originating new positions, and underwriting bonds (or are those shares...? Am I doing an IPO or a securitization?).

Ahh it makes sense now, you are a clerk/junior attorney/type. Who the fuck has an edu address post-graduation to a school in Minnesota no less.

Maybe when you get your MBA they may give you some more responsibility and less menial work. If you already have your MBA, then it's obvious you haven't learned your role.

Make sure you aren't late with any TPS reports...lol because it's obvious you aren't going to be invited to any deal after parties.

Make sure you read chapters 5-7 tonight on acronyms that start with R, S and T. Brought to you by the numbers 3,7, and 8.

Thanks for the good read....:thumbsup:

Normally LegendKiller isn't on my favorite posters list BUT he just pwned you. He called you out for not knowing what the fuck you were talking about.

All you can do is try to knock him personally.

One of the best technical pwnages so far this year......

 

[LegendKiller]

Originally posted by: alkemyst

Originally posted by: LegendKiller
Yeah, you do that, go review your treasurer's ppt while I go to work tomorrow actually maintaining securitizations, originating new positions, and underwriting bonds (or are those shares...? Am I doing an IPO or a securitization?).

Ahh it makes sense now, you are a clerk/junior attorney/type. Who the fuck has an edu address post-graduation to a school in Minnesota no less.

Maybe when you get your MBA they may give you some more responsibility and less menial work. If you already have your MBA, then it's obvious you haven't learned your role.

Make sure you aren't late with any TPS reports...lol because it's obvious you aren't going to be invited to any deal after parties.

Make sure you read chapters 5-7 tonight on acronyms that start with R, S and T. Brought to you by the numbers 3,7, and 8.

Thanks for the good read....:thumbsup:

And obviously if you're working at some fuckstick florida shithole mortgage originator as anything less than a C-level in your dotage (you've been in this market for 26 years and you're still writing loans, what a fuckin loser). When I was 5 (83) you were writing loans, when I turn 31 (november), you'll still be doing the same thing while i get promoted to Director at one of the largest banks in the world. And no, I am not a "clerck/jr atty", you still don't even get it. I work for a bank as an originator, douchenozzle.

Make sure you check out your treasurers ppt. It might contain goodies that you can bring on here next year, like s-e-c-u-r-i-t-i-z-a-t-i-o-n. How many syllables does it have? Should we get "hooked on capital markets phonics" for you?

Before you go spouting off about how you know so much about dealer floorplan securitization, check your attitude because, while your ossified brain may look cool when you start ripping on people who "don't know what dealer floorplan securitizations are", you might be running into somebody who does. Obviously from this thread you know as much about dealer floorplan securitizations as you do career advancement.

Govern yourself accordingly.

 

[SearchMaster]

Originally posted by: Codewiz
Normally LegendKiller isn't on my favorite posters list BUT he just pwned you. He called you out for not knowing what the fuck you were talking about.

All you can do is try to knock him personally.

One of the best technical pwnages so far this year......

You pretty much summed up my thoughts exactly :laugh:

 

[alkemyst]

Originally posted by: Codewiz

Originally posted by: alkemyst

Originally posted by: LegendKiller
Yeah, you do that, go review your treasurer's ppt while I go to work tomorrow actually maintaining securitizations, originating new positions, and underwriting bonds (or are those shares...? Am I doing an IPO or a securitization?).

Ahh it makes sense now, you are a clerk/junior attorney/type. Who the fuck has an edu address post-graduation to a school in Minnesota no less.

Maybe when you get your MBA they may give you some more responsibility and less menial work. If you already have your MBA, then it's obvious you haven't learned your role.

Make sure you aren't late with any TPS reports...lol because it's obvious you aren't going to be invited to any deal after parties.

Make sure you read chapters 5-7 tonight on acronyms that start with R, S and T. Brought to you by the numbers 3,7, and 8.

Thanks for the good read....:thumbsup:

Normally LegendKiller isn't on my favorite posters list BUT he just pwned you. He called you out for not knowing what the fuck you were talking about.

All you can do is try to knock him personally.

One of the best technical pwnages so far this year......

pwn'd me, you don't even konw wtf he was talking about....it's obvious he doesn't deal with higher ups in the food chain nor knows how to communicate with his audience.

Anyway my securization plaques mention 'certificates' on them, not bonds nor shares. I use shares as a layman's approach as any shared investment has shares in it. Our share of those pools were how we measured it to our company. /thread.

What usually happens in these is someone like a Bear Sterns draws up the documents (in my case it was between Blackrock Capital, Morgan Stanley, Solomon Bros, and my old company). Some pencilneck like the above gets to write it up...they don't get the 'say' he thinks he does. They sure as hell would not be talking like he did in any meeting except with the other clerks on the respective teams.

A guy like me then jumped on a plane to go through all the paperwork, in the case of our securitizations it was mortgages so I verified chain of title, and making sure the Notes were all intact. If I had a mortgage in the file that was a bonus or requirement depending how we priced it. Usually the Note was key.

Dude is never going to be more than a desk jockey until he learns to communicate with his audience.

At least he is an inspiration to some of you that think running off big words and techno-terms gets you extra points...it usually just alienates you outside a campus.

 

[DT4K]

Originally posted by: alkemyst

Originally posted by: LegendKiller
Yeah, you do that, go review your treasurer's ppt while I go to work tomorrow actually maintaining securitizations, originating new positions, and underwriting bonds (or are those shares...? Am I doing an IPO or a securitization?).

Ahh it makes sense now, you are a clerk/junior attorney/type. Who the fuck has an edu address post-graduation to a school in Minnesota no less.

Maybe when you get your MBA they may give you some more responsibility and less menial work. If you already have your MBA, then it's obvious you haven't learned your role.

Make sure you aren't late with any TPS reports...lol because it's obvious you aren't going to be invited to any deal after parties.

Make sure you read chapters 5-7 tonight on acronyms that start with R, S and T. Brought to you by the numbers 3,7, and 8.

Thanks for the good read....:thumbsup:

LMFAO.

Dude, your best bet now is to quietly back out of this thread.

 

[LegendKiller]

Originally posted by: alkemyst

Originally posted by: Codewiz

Originally posted by: alkemyst

Originally posted by: LegendKiller
Yeah, you do that, go review your treasurer's ppt while I go to work tomorrow actually maintaining securitizations, originating new positions, and underwriting bonds (or are those shares...? Am I doing an IPO or a securitization?).

Ahh it makes sense now, you are a clerk/junior attorney/type. Who the fuck has an edu address post-graduation to a school in Minnesota no less.

Maybe when you get your MBA they may give you some more responsibility and less menial work. If you already have your MBA, then it's obvious you haven't learned your role.

Make sure you aren't late with any TPS reports...lol because it's obvious you aren't going to be invited to any deal after parties.

Make sure you read chapters 5-7 tonight on acronyms that start with R, S and T. Brought to you by the numbers 3,7, and 8.

Thanks for the good read....:thumbsup:

Normally LegendKiller isn't on my favorite posters list BUT he just pwned you. He called you out for not knowing what the fuck you were talking about.

All you can do is try to knock him personally.

One of the best technical pwnages so far this year......

pwn'd me, you don't even konw wtf he was talking about....it's obvious he doesn't deal with higher ups in the food chain nor knows how to communicate with his audience.

Anyway my securization plaques mention 'certificates' on them, not bonds nor shares. I use shares as a layman's approach as any shared investment has shares in it. Our share of those pools were how we measured it to our company. /thread.

What usually happens in these is someone like a Bear Sterns draws up the documents (in my case it was between Blackrock Capital, Morgan Stanley, Solomon Bros, and my old company). Some pencilneck like the above gets to write it up...they don't get the 'say' he thinks he does. They sure as hell would not be talking like he did in any meeting except with the other clerks on the respective teams.

A guy like me then jumped on a plane to go through all the paperwork, in the case of our securitizations it was mortgages so I verified chain of title, and making sure the Notes were all intact. If I had a mortgage in the file that was a bonus or requirement depending how we priced it. Usually the Note was key.

Dude is never going to be more than a desk jockey until he learns to communicate with his audience.

At least he is an inspiration to some of you that think running off big words and techno-terms gets you extra points...it usually just alienates you outside a campus.

Look, friend, I can call up treasurers and CFOs from some of the biggest companies in the country and they know me quite well. Obviously, given that I am a transactor/originator at an i-bank, I can pitch pretty well. Those who know securitization know exactly what I was talking about, those who don't, I can explain it to them. I am used to dealing with learned people, not bullshit talkers who act tough but have little knowledge.

I did what I did (get technical) to test your knowledge. You failed, horribly. You bluffed on dealer floorplans and I called the bluff. You're a sham, a joke, a flim-flam man.

Perhaps I could offer some career advice. When you really don't know what the fuck you're talking about, don't puff your chest up and pretend you do, while knocking people. It's obvious you don't know how dealer floorplan securitizations work. It's obvious you really have never even seen a dealer floorplan loan. Yet, for some reason, you decided to 1. Rip on me for trying to set you straight. 2. Took it personal at the first second you were challenged.

When you're communicating with the people who know more than you do, don't insult them. Perhaps if you did that you still wouldn't be sitting in FL originating mortgages at a small shop.

Ask questions, don't be a know-it-all. It's ok, I can help you understand the reality of the situation. Acting like an e-know-it-all-i-tough-guy online opens you up to running into people who know more than you. Sure, you know more about originating mortgages and stamping compliance papers, that's fine. I know more about securitization. Why don't we stick to our respective areas and let it go?

While you're at it, edumacate yourself on Certificates.

 

[Gibson486]

Originally posted by: alkemyst
The dealerships usually have already paid for their cars...if not they still owe GM for them.

To GM they already have made their profit on those cars, anything further are just costs; whether in warranty claims, franchise obligations, etc.

One of the oldest/largest Chrysler dealerships in our state took on double their normal allocation recently being assured by Chrysler it was OK in the downsizing. They were one of the first notified. That notification came on the day they took the last of their car order.

sucks.

Many of the franchises require you lease the properly back from them. This way you are just a tenant on their land...if you don't agree to all the terms then they simply kick you out of your own place.

Some really hit the business owners with required materials like wrappers, uniforms, etc at majorly inflated prices.

They still have to support the dealers. Look at all the rebates they give out. $5 in rebates? I am pretty sure all profits are lost at that point.

 

[SP33Demon]

Originally posted by: LegendKiller

Originally posted by: alkemyst

Originally posted by: LegendKiller
Yeah, you do that, go review your treasurer's ppt while I go to work tomorrow actually maintaining securitizations, originating new positions, and underwriting bonds (or are those shares...? Am I doing an IPO or a securitization?).

Ahh it makes sense now, you are a clerk/junior attorney/type. Who the fuck has an edu address post-graduation to a school in Minnesota no less.

Maybe when you get your MBA they may give you some more responsibility and less menial work. If you already have your MBA, then it's obvious you haven't learned your role.

Make sure you aren't late with any TPS reports...lol because it's obvious you aren't going to be invited to any deal after parties.

Make sure you read chapters 5-7 tonight on acronyms that start with R, S and T. Brought to you by the numbers 3,7, and 8.

Thanks for the good read....:thumbsup:

And obviously if you're working at some fuckstick florida shithole mortgage originator as anything less than a C-level in your dotage (you've been in this market for 26 years and you're still writing loans, what a fuckin loser). When I was 5 (83) you were writing loans, when I turn 31 (november), you'll still be doing the same thing while i get promoted to Director at one of the largest banks in the world. And no, I am not a "clerck/jr atty", you still don't even get it. I work for a bank as an originator, douchenozzle.

Make sure you check out your treasurers ppt. It might contain goodies that you can bring on here next year, like s-e-c-u-r-i-t-i-z-a-t-i-o-n. How many syllables does it have? Should we get "hooked on capital markets phonics" for you?

Before you go spouting off about how you know so much about dealer floorplan securitization, check your attitude because, while your ossified brain may look cool when you start ripping on people who "don't know what dealer floorplan securitizations are", you might be running into somebody who does. Obviously from this thread you know as much about dealer floorplan securitizations as you do career advancement.

Govern yourself accordingly.

Some sick pwnage of Alky in this one! :thumbsup: LK

 

[ShockwaveVT]

This thread has gone from mildly interesting to a "I'm better than you!" "No, I am!" waste of time.

 

[Sea Moose]

to improve the bottom line, why else?

 

[LegendKiller]

Originally posted by: ShockwaveVT
This thread has gone from mildly interesting to a "I'm better than you!" "No, I am!" waste of time.

[Maximus]

Are you not entertained?

[/Maximus]

 

[Sea Moose]

.

 

[Codewiz]

Originally posted by: alkemyst

Originally posted by: Codewiz

Originally posted by: alkemyst

Originally posted by: LegendKiller
Yeah, you do that, go review your treasurer's ppt while I go to work tomorrow actually maintaining securitizations, originating new positions, and underwriting bonds (or are those shares...? Am I doing an IPO or a securitization?).

Ahh it makes sense now, you are a clerk/junior attorney/type. Who the fuck has an edu address post-graduation to a school in Minnesota no less.

Maybe when you get your MBA they may give you some more responsibility and less menial work. If you already have your MBA, then it's obvious you haven't learned your role.

Make sure you aren't late with any TPS reports...lol because it's obvious you aren't going to be invited to any deal after parties.

Make sure you read chapters 5-7 tonight on acronyms that start with R, S and T. Brought to you by the numbers 3,7, and 8.

Thanks for the good read....:thumbsup:

Normally LegendKiller isn't on my favorite posters list BUT he just pwned you. He called you out for not knowing what the fuck you were talking about.

All you can do is try to knock him personally.

One of the best technical pwnages so far this year......

pwn'd me, you don't even konw wtf he was talking about....it's obvious he doesn't deal with higher ups in the food chain nor knows how to communicate with his audience.

Anyway my securization plaques mention 'certificates' on them, not bonds nor shares. I use shares as a layman's approach as any shared investment has shares in it. Our share of those pools were how we measured it to our company. /thread.

What usually happens in these is someone like a Bear Sterns draws up the documents (in my case it was between Blackrock Capital, Morgan Stanley, Solomon Bros, and my old company). Some pencilneck like the above gets to write it up...they don't get the 'say' he thinks he does. They sure as hell would not be talking like he did in any meeting except with the other clerks on the respective teams.

A guy like me then jumped on a plane to go through all the paperwork, in the case of our securitizations it was mortgages so I verified chain of title, and making sure the Notes were all intact. If I had a mortgage in the file that was a bonus or requirement depending how we priced it. Usually the Note was key.

Dude is never going to be more than a desk jockey until he learns to communicate with his audience.

At least he is an inspiration to some of you that think running off big words and techno-terms gets you extra points...it usually just alienates you outside a campus.

See the problem here. You act like you know me. You act like you have any clue about my knowledge.

You made that EXACT same assumption when you decided to run your mouth about things you have almost ZERO knowledge about.

Legend then entered the thread and pwned you. You can continue to dig yourself deeper and try to rationalize it to yourself how you weren't really wrong. But it won't change the fact that you got exposed for the bullshitter that you are in this case.

 

[Sea Moose]

Originally posted by: Codewiz

Originally posted by: alkemyst

Originally posted by: Codewiz

Originally posted by: alkemyst

Originally posted by: LegendKiller
Yeah, you do that, go review your treasurer's ppt while I go to work tomorrow actually maintaining securitizations, originating new positions, and underwriting bonds (or are those shares...? Am I doing an IPO or a securitization?).

Ahh it makes sense now, you are a clerk/junior attorney/type. Who the fuck has an edu address post-graduation to a school in Minnesota no less.

Maybe when you get your MBA they may give you some more responsibility and less menial work. If you already have your MBA, then it's obvious you haven't learned your role.

Make sure you aren't late with any TPS reports...lol because it's obvious you aren't going to be invited to any deal after parties.

Make sure you read chapters 5-7 tonight on acronyms that start with R, S and T. Brought to you by the numbers 3,7, and 8.

Thanks for the good read....:thumbsup:

Normally LegendKiller isn't on my favorite posters list BUT he just pwned you. He called you out for not knowing what the fuck you were talking about.

All you can do is try to knock him personally.

One of the best technical pwnages so far this year......

pwn'd me, you don't even konw wtf he was talking about....it's obvious he doesn't deal with higher ups in the food chain nor knows how to communicate with his audience.

Anyway my securization plaques mention 'certificates' on them, not bonds nor shares. I use shares as a layman's approach as any shared investment has shares in it. Our share of those pools were how we measured it to our company. /thread.

What usually happens in these is someone like a Bear Sterns draws up the documents (in my case it was between Blackrock Capital, Morgan Stanley, Solomon Bros, and my old company). Some pencilneck like the above gets to write it up...they don't get the 'say' he thinks he does. They sure as hell would not be talking like he did in any meeting except with the other clerks on the respective teams.

A guy like me then jumped on a plane to go through all the paperwork, in the case of our securitizations it was mortgages so I verified chain of title, and making sure the Notes were all intact. If I had a mortgage in the file that was a bonus or requirement depending how we priced it. Usually the Note was key.

Dude is never going to be more than a desk jockey until he learns to communicate with his audience.

At least he is an inspiration to some of you that think running off big words and techno-terms gets you extra points...it usually just alienates you outside a campus.

See the problem here. You act like you know me. You act like you have any clue about my knowledge.

You made that EXACT same assumption when you decided to run your mouth about things you have almost ZERO knowledge about.

Legend then entered the thread and pwned you. You can continue to dig yourself deeper and try to rationalize it to yourself how you weren't really wrong. But it won't change the fact that you got exposed for the bullshitter that you are in this case.

nerd fight!

 

[OutHouse]

Originally posted by: sohcrates
interesting post.

i heard, at least with GM, that there were so many dealers that the competition for pricing was too steep, hence cars were being sold for much less than desired.

also, with the internet, the whole model has changed. people no longer really care if there is a dealer in their town specifically.

i care about that and i am sure many other people as well. im not going to drive 60 miles to a GMC dealer for warranty work, ill buy a chevy which is only 10 miles.

**even though they are GM and the same fucking truck a chevy dealer will not work on a GMC truck. yes i have been through this when i had my GMC truck.

 

[Codewiz]

Originally posted by: Citrix

Originally posted by: sohcrates
interesting post.

i heard, at least with GM, that there were so many dealers that the competition for pricing was too steep, hence cars were being sold for much less than desired.

also, with the internet, the whole model has changed. people no longer really care if there is a dealer in their town specifically.

i care about that and i am sure many other people as well. im not going to drive 60 miles to a GMC dealer for warranty work, ill buy a chevy which is only 10 miles.

**even though they are GM and the same fucking truck a chevy dealer will not work on a GMC truck. yes i have been through this when i had my GMC truck.

I think that is specific to your dealership. From everything I have read online and otherwise, any GM dealer should be able to service any GM vehicle. So it technically shouldn't matter.

I could be wrong but I believe your dealer is the exception not the rule.

EDIT:

Looks like I was right about the concept but it appears I was wrong because dealerships aren't following their agreements with GM.
http://consumerist.com/5276584...iac-saab-hummer-saturn

 

[alkemyst]

Originally posted by: Codewiz
See the problem here. You act like you know me. You act like you have any clue about my knowledge.

You made that EXACT same assumption when you decided to run your mouth about things you have almost ZERO knowledge about.

Legend then entered the thread and pwned you. You can continue to dig yourself deeper and try to rationalize it to yourself how you weren't really wrong. But it won't change the fact that you got exposed for the bullshitter that you are in this case.

buzzz....wrong.

The only bullshit is the stuff you two are producing.

If you believe that many local dealerships are not going to have to pay for those cars then you are just as clueless.

You are proof how fast talk and big words though buys a lot of credibility with those that do not know the subject matter.

BTW I never made any comments that I would ever know someone like you above nor intended to read your mind/personality. You are simply too defensive.

 

[alkemyst]

Originally posted by: Codewiz

Originally posted by: Citrix

Originally posted by: sohcrates
interesting post.

i heard, at least with GM, that there were so many dealers that the competition for pricing was too steep, hence cars were being sold for much less than desired.

also, with the internet, the whole model has changed. people no longer really care if there is a dealer in their town specifically.

i care about that and i am sure many other people as well. im not going to drive 60 miles to a GMC dealer for warranty work, ill buy a chevy which is only 10 miles.

**even though they are GM and the same fucking truck a chevy dealer will not work on a GMC truck. yes i have been through this when i had my GMC truck.

I think that is specific to your dealership. From everything I have read online and otherwise, any GM dealer should be able to service any GM vehicle. So it technically shouldn't matter.

I could be wrong but I believe your dealer is the exception not the rule.

EDIT:

Looks like I was right about the concept but it appears I was wrong because dealerships aren't following their agreements with GM.
http://consumerist.com/5276584...iac-saab-hummer-saturn

Any mechanic in the world could perform a warranty repair. The problem is getting reimbursed. What Chrysler has told our local shops that are now cut off (nothing is concrete yet on GM) that warranty work should be honored by the dealerships individually.

This is something they cannot afford to do.

 

[Codewiz]

Originally posted by: alkemyst

Originally posted by: Codewiz
See the problem here. You act like you know me. You act like you have any clue about my knowledge.

You made that EXACT same assumption when you decided to run your mouth about things you have almost ZERO knowledge about.

Legend then entered the thread and pwned you. You can continue to dig yourself deeper and try to rationalize it to yourself how you weren't really wrong. But it won't change the fact that you got exposed for the bullshitter that you are in this case.

buzzz....wrong.

The only bullshit is the stuff you two are producing.

If you believe that many local dealerships are not going to have to pay for those cars then you are just as clueless.

You are proof how fast talk and big words though buys a lot of credibility with those that do not know the subject matter.

BTW I never made any comments that I would ever know someone like you above nor intended to read your mind/personality. You are simply too defensive.

Let me make this easy so you can understand it....

When you make a comment like:

"you don't even konw wtf he was talking about"

You are making an assumption about me. You are assuming to know what my profession is. You are making an assumption about the knowledge I have gained over the years.

All assumptions that make you look like a fool that you have been in this thread.

Now don't take it that i am calling you a fool in general. I don't know you. But I do know that you have continued to make yourself look silly with almost every single post in this thread.

 

[rudder]

Originally posted by: MovingTarget
It just doesn't seem to be right in some areas. Here, they closed some of the most profitable dealerships in the state - one of which had been open since 1908. It just doesn't seem to make sense to most people...

Dealergate????

Would be interesting to see if this research is true.