Seeking Alpha

Automakers increase discounts on trucks

  • General Motors (GM) increased discounts on its Chevrolet Silverado pickups to as high as $10K through some dealerships.
  • The automaker lost market share in March to Chrysler's (FIATY) Ram 1500 which ripped a 26% sales gain during the month off of aggressive discounts of its own.
  • Other Chevrolet trucks and some GMC models are also showing  sweeter discounts this month.
Comments (10)
  • june1234
    , contributor
    Comments (3121) | Send Message
     
    Deals are flowing. Gotta move em GM dealers closed March with a record 815,000 cars inventory sitting on their lots. Ford closed same month with 72 days worth of inventory, subprime booming also
    4 Apr 2014, 07:04 AM Reply Like
  • manfredthree
    , contributor
    Comments (2322) | Send Message
     
    Gonna get tough selling those $40,000 gas guzzlers with aluminum bodies coming down the road soon. This will be a silent revolution.
    4 Apr 2014, 07:46 AM Reply Like
  • funfun
    , contributor
    Comments (3253) | Send Message
     
    It will take huge discounts to persuade many would-be buyers to take home a potentially defective vehicle from a company with an outstanding reputation for dirty play and deadly deception.

     

    Nor will conspicuously hiring a former White House politician and PR trickster do the trick.

     

    …funfun..
    4 Apr 2014, 08:55 AM Reply Like
  • Budavar
    , contributor
    Comments (1387) | Send Message
     
    Is at least part of the truth coming out?

     

    Some bloggers + the GM PR machine + its minions try to spread the news that GM market share increasing, sales booming, accelerating ? When the EXACT opposite is nearer the truth?

     

    The old GM seems to be alive + well.

     

    Q: how much longer could GM stock levitate above $30? $20 ?
    Defying gravity in an increasing grave situation ? = pun intended indeed.
    4 Apr 2014, 10:00 AM Reply Like
  • Snoopy1
    , contributor
    Comments (1118) | Send Message
     
    What do you think GM shares are worth and how do you come to that figure?
    4 Apr 2014, 12:28 PM Reply Like
  • cbmetcalfe
    , contributor
    Comments (86) | Send Message
     
    GM is still a very solid buy in my book. Sure there's a dip with all the negative news but that sweet sweet PEg number is still there along with much lower book value than F. Plus, as a mechanic/ car enthusiast I know that, in reality, GM makes superior products to most other cars on the market. What auto maker will be the next on the chopping block for issues caused from a part that didn't hold up? I'm not trying to say it's not a big deal. But, let's face it, it could happen to any auto company, heck, any company for that matter. Now, if there was any sort of cover up, that is different. May take 6 months to fully recover, but hop on this ride if you like $$$!
    5 Apr 2014, 12:36 AM Reply Like
  • funfun
    , contributor
    Comments (3253) | Send Message
     
    Lethally defective parts and scores of deaths and injuries followed by massive corporate cover-ups do not appear to be happening at Daimler-Benz. Nor for that matter, BMW or VW.

     

    The "new GM" like the "old GM" is commanded by ethical cripples, and the organisation is rotten to its Core Values. …funfun..
    5 Apr 2014, 08:55 AM Reply Like
  • Snoopy1
    , contributor
    Comments (1118) | Send Message
     
    You seem to spend a lot of your time bashing GM for unethical behavior. Do you do the same for GS, BAC, MO, AIG, BP etc.?

     

    This is an investor site, so I'd be interested in what price you think GM is a "buy" and how you determine this figure.
    5 Apr 2014, 11:30 AM Reply Like
  • funfun
    , contributor
    Comments (3253) | Send Message
     
    The ethical conduct and competence of management has a direct bearing on the results of a corporation. More than any other factor as an individual retail investor, we look to the quality and performance of leadership. In GM's case, we find it wanting in a very damaging way.

     

    An ingrained culture of ENRON ETHICS destroys, does not build shareholder value.

     

    And we will continue to speak out loudly and clearly on executive misconduct, malfeasance and fraud, as we have with respect to DuPont, Bank of America, JP Morgan, AIG, undsoweiter.

     

    Finally, we do not give specific buy or sell advice to other readers and investors.

     

    …funfun..
    5 Apr 2014, 12:07 PM Reply Like
  • rovo
    , contributor
    Comments (276) | Send Message
     
    These pickups being discounted are the brand new model which was supposed to move them upward in market share. These $10K discounts are substantial and indicate a lack of buying interest by the public. So we can add poor sales of one of the most profitable lines to the potential $1 Billion recall costs associated with the ignition switch problem. Then we can consider somewhere around $2 Billion in possible and likely fines for hiding the recall data. So, some have asked at what price GM is a buy. I'll pass on buying any GM shares at any price until I see some clarity on the current problems.
    5 Apr 2014, 07:53 PM Reply Like
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