GM Wants Cash
I noticed an ad for Chevrolet Aveo with a cash price of $9,995. This is the first time ever that I see them advertise a cash price. Normally it’s some incentives, like low a.p.r., “free” upgrades, etc.
And this cash price is $3,000 lower than it was 2 years ago.
We already know they’re in trouble, just sayin’… sign of the times.
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So weird to see such a little model in North America, but each of *them* knows about gasoline prices, the lower consumption and possible recession.
Small cars are becoming popular. In the last 3-5 years or so there’s been a gradual transition.
People overpay thousands of dollars for Prius.
Have you seen these? http://www.phoenixmotorcars.com/
And Canada makes ZENN cars, but they’re only legal in a few states in the US
Illegal here in most of Canada, because it doesn’t go fast enough for the highways.
BTW: “Sales at General Motors and Ford Motor Co. fell sharply in September as tighter credit for buyers and dealers during the month combined with stubbornly high fuel prices to sharply curtail demand for cars and trucks.”
What’s even more worrying Porsche sales fell 25% in the U.S.A. When the rich people are feeling it (or at least being cautious) you know things aren’t great.
This is just a start of *things*.
Wow, you’re pretty doom and gloomy. Are these your own conclusions or are you reading someone’s forecasts? Are we in for a recession or a depression? (I’m leaning towards depression for several reasons.)
I don’t think that i’m pretty gloomy, because till 2010 we will stand in heavy bear market, it’s my conclusion wich based on all information that i have. So, i suppose that only staying in options, futures and commodities markets will good for us, that period and crisis. I think, 2009 will much worse year for the most part of subprime-crowd, economically speaking.
It will peak of the financial and real-estate crisis, but it will great opportunity also for smart people with big money. No doubt, we must to use this time for the long-term stock picking!
What do You think, Phantasmix?
R.,
I don’t want to post the “why” here because that statement alone sounds crazy enough. I can email you if you’d like to know the reasoning behind my opinion.
in short, I think in the next 2 years, the markets will be much much much lower than they are now. Like 60-80% off. I’m much more gloomy than you