• fb_1779529571 avatar Bill Posted: 8/2/2011 12:45pm PDT

    I believe, as others do, that the economy has burned through the "stimulus" money, unemployment benefits are drying up and the present administration has no answers according to their economic methodology. This adds up to very grim news for the auto industry and Americans in general. The worst is yet to come as weakness compounds weakness with almost two years before we get a team in there that can turn this economy around. Looks bleak, indeed !

  • Zinky avatar Zinky Posted: 8/2/2011 5:10pm PDT

    Every manufacturer who wasn't affected by the earthquake had sales up, most in the double digits and people paint it that the economy is tanking. If you look at the companies that did increase, they would have increased more if they had some stock. In my area, most of the Cruze's left are stick and there are very few '11 Malibu's (the '12s are arriving). Good luck finding a Fiesta, Focus, Elantra or Accent. If you can't tell, I've been shopping for a car and there is nothing in inventory and none of the traditional end of the year closeouts. The only Honda dealer in a metro area of 500,000 has a total of 50 cars and 20 of them are leather top of the line Accords. It's not the economy, it's the inventory.

  • Mr. Nuts avatar Mr. Nuts Posted: 8/2/2011 8:40pm PDT

    Ever since the price of gas shot up the economy has nosed over again. When people's discretionary income is being siphoned off via $4 a gallon gas -- everybody suffers.

    Meanwhile, our wonderful government won't get involved because they think fossil fuels are bad and high prices will wean people off them -- even though those same high prices are sending our economy down the crapper.

  • marty avatar Marty Posted: 8/3/2011 6:24am PDT

    With all due respect, it's not an inventory problem when sales won't hit 12 million units when 14, 15, even 16 were the norm just a few years ago. That's an epochal shift.