• Ed Posted: 4/29/2008 5:30pm PDT

    They need all these DEALERS even less. and the more unnecessary dealers they have, the less profitable the dealerships will be. The Big 3 have been losing market share much faster, over the last 30 years, than they have been closing down dealerships.

  • Dave Posted: 4/29/2008 4:54pm PDT

    Time to consolidate some plants. They don't need all of these plants....with rolling layoffs and line speed reductions. Buy stock in mothballs today!

  • Tom L Posted: 4/29/2008 4:45pm PDT

    Huge inventories were due to book keeping. The BIG 3 report a sale when they ship a car to the dealer and thus they had financial "incentive" to keep huge inventories on dealer lots. All of that creative bookkeeping is a load of BS and now we'll see it catch up to GM.

  • Ed Posted: 4/29/2008 3:47pm PDT

    I heard of 138,000, of which 50,000 are large SUVs and the rest are pickups.

    It was an absolutely necessary and long overdue adjustment,

    For anybody watching monthly inventory figures in Auto News, GM was bleeding billions for unnecessarily keeping 150 and more days worth of inventory for all these losers.

    It is a healthy move.

    Perhaps one day the big 3 will realize that the "magical" 60 days of inventory considered "optimal" is nothing but an obsolete empirical voo-doo BS.

    TOYOTA and BMW and Mercedes and HONDA have PROVEN that you can do MUCH BETTER than 60 days, and routinely hold inventories of HALF that size.