[CCIE]

https://www.cnbc.com/2017/10/12/gm-plans-to-temporarily-shut-down-detroit-factory-report-says.html


Looks like they won't be producing Volts, or three other models, for the last six weeks of the year.

 

[Neromanceres]

Not too surprising.

The new Lacrosse has been selling very poorly. Impala sales have declined some and DHAM is secondary to Oshawa for assembly of the Impala. CT6 sales have been meeting expectations but it's volume is low. Volt sales have been a little soft in the US as well (though Volt sales are doing awesome in Canada right now).

The biggest factors for this decision is likely due to the Lacrosse and Impala. The all new Lacrosse was intended to be the higher volume car on the line at DHAM and it hasn't come out that way. The Volt is outselling the Lacrosse for example and the low volume CT6 is selling almost as well as the Lacrosse.

 

[ClarksonCote]

There's no Volt inventory anywhere, of course sales are bad. Sheesh, I wish they'd stock them a bit more.

 

[JRRF]

So much for the "make america great" economy.

 

[BAZINGA]

So much for the "make america great" economy.

I agree, cut my taxes and maybe I'd be willing to spend more. As it is I'm saving all I can for retirement. Wife wanted me to buy some new underwear, told her no way they are good for another year.

 

[JRRF]

I agree, cut my taxes and maybe I'd be willing to spend more. As it is I'm saving all I can for retirement. Wife wanted me to buy some new underwear, told her no way they are good for another year.

Uncertainty brings a lot of saving and no spending -- and in my lifetime we've never had this much uncertainty. Consumer spending is 75% of our GDP. No spending brings a downturn in the economy -- and more uncertainty.

 

[Fred_B]

Wife wanted me to buy some new underwear, told her no way they are good for another year.

Seeing as how the price of underwear will probably be higher next year, the prudent thing to do would be to buy it now, but save it for next year!

This is assuming the underwear price increase will be more than what the money would earn in a savings account..

 

[JRRF]

Seeing as how the price of underwear will probably be higher next year, the prudent thing to do would be to buy it now, but save it for next year!

This is assuming the underwear price increase will be more than what the money would earn in a savings account..

With that logic you will need a big storage shed. There aren't too many commodities that go down in price. Now if the economy really goes way south, you may see this behavior a lot more if inflation skyrockets. That of course can create a death spiral. I would then await with glee the tweets describing who's fault it is.

 

[Upper5Percent]

I agree, cut my taxes and maybe I'd be willing to spend more. As it is I'm saving all I can for retirement. Wife wanted me to buy some new underwear, told her no way they are good for another year.

Huh?...Your tag line has you retired...

 

[JRRF]

Huh?...Your tag line has you retired...

I thought retirement was just a state of mind...

 

[Upper5Percent]

https://www.cnbc.com/2017/10/12/gm-plans-to-temporarily-shut-down-detroit-factory-report-says.html


Looks like they won't be producing Volts, or three other models, for the last six weeks of the year.

Sources indicate that production will be cut by about 20% once the Detroit-Hamtramck assembly plant reopens to adjust for the slow pace of sales for models manufactured at the facility.

 

[Jim Fallston Md.]

There are 5,267 New Chevrolet Volts for sale on cars.com today.

 

[driver779]

I won't worry about this too much. Just check out all the PHEV options available today that you can actually BUY!

There is a Kia Optima PHEV that might join my fleet soon as the price is too good to pass up. 13,000 miles, loaded for only 14k w warranty transfer! But I'm crazy in my Jay Leno wannabe collector status so ignore my compulsion.

Just the market forces doin' its thing. its not like the 90s ladies and gentlemen, no more Lease, suspend and send to the CRUSHER. Global forces will keep our beloved energy efficient vehicles still comin'!

LOL i feel bad for the those financing 65K jacked rigs right now on subprime loans at ridiculously long terms. They started to bitch when gas when from 2 bucks a gallon to 2.29 when Harvy hits, whats it gonna be when the next recession hits, HAHA

I always remember the day I flipped 1997 Toyota Tercil w 456K miles when gas prices were hovering over 4 dollars. I made 4K on that deal, on a car that got around 33 to 35 if you babied it.

EV, PHEV, etc are here to stay despite the short term thinking of the mindless consuming masses

 

[Jmaj]

Of the 518 vehicles on the local Chevy dealers lot, 62 are cars.
The sedan is an obsolescent platform.

 

[Chrisby18951]

Of the 518 vehicles on the local Chevy dealers lot, 62 are cars.
The sedan is an obsolescent platform.

For now maybe, but if gas prices head up then the SUV craze will lessen. Sedans will always be around. There may be less choices but there will be some.


Sent from my iPhone using Tapatalk

 

[indyflick]

I'm not certain the lack luster new car sales are a result of a down turn in the overall economy. I suspect it's more the fact that millennials are simply not as interested in buying cars as previous generations were. I have 19 nephews and nieces, all millennials, and only one nephew really gives a damn about cars. Many of them don't own a car. They use mass transit and/or Uber everyday. They can certainly afford a new car but they grew up with their parents hauling they everywhere and they kinda like that. It's just a different mindset I suppose.

 

[Jmaj]

For now maybe, but if gas prices head up then the SUV craze will lessen. Sedans will always be around. There may be less choices but there will be some.


Sent from my iPhone using Tapatalk

Sure, there will always be some sedans around but I don't give the "gas crisis will save the sedan" argument too much weight.
Example: 2018 Equinox has a highway rating of 32 mpg, a Malibu 36 IIRC. Both have the 1.5T engine.

My V-8 4x4 Silverado averages 19 mpg. There's a 50 mile segment on the gasometer where it says I got 26.5. Where that happened I have no idea. Point is, gas would have to get Euro expensive before I would park it.

 

[JRRF]

I'm not certain the lack luster new car sales are a result of a down turn in the overall economy. I suspect it's more the fact that millennials are simply not as interested in buying cars as previous generations were. I have 19 nephews and nieces, all millennials, and only one nephew really gives a damn about cars. Many of them don't own a car. They use mass transit and/or Uber everyday. They can certainly afford a new car but they grew up with their parents hauling they everywhere and they kinda like that. It's just a different mindset I suppose.

It is a little sad. My son also has no interest in cars. Most manufacturers are now involved in some form of autonomous transportation research for just this reason. The entire concept of transportation is changing, and these companies don't want to be left behind in the horse and buggy age.

 

[jcanoe]

Good graphic showing slowing sales for GM models produced at the Detroit-Hamtramck assembly plant including the Volt:

http://www.crainsdetroit.com/article/20171012/news/641911/gm-to-idle-detroit-hamtramck-plant-1500-workers-for-6-weeks

Year over year sales for September for the Volt were down 28%. GM currently has more than a 100 day supply of Volts, 60 days is the industry norm.

 

[JRRF]

Good graphic showing slowing sales for GM models produced at the Detroit-Hamtramck assembly plant including the Volt:

http://www.crainsdetroit.com/article/20171012/news/641911/gm-to-idle-detroit-hamtramck-plant-1500-workers-for-6-weeks

Year over year sales for September for the Volt were down 28%. GM currently has more than a 100 day supply of Volts, 60 days is the industry norm.

Looks like if you are on the Volt line you're on the block. But if you are building Impalas you should be fine.