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From: Mike Hunter on 4 Nov 2009 12:35
WOW stop the presses! Toyota sales up by 64 vehicles ;)
"Leroy N. Soetoro" <leroysoetoro(a)usurper.org> wrote in message
> Nov. 3 (Bloomberg) -- General Motors Co. and Ford Motor Co. both said U.S.
> auto sales rose in October, their first combined increase in three years,
> as the industry rebounded from a drop in demand after the so-called cash
> for clunkers program.
> Sales climbed 4.1 percent from a year earlier at GM, its first monthly
> gain since January 2008, and 3.1 percent at Ford, the companies said
> today. Toyota Motor Corp. reported an increase of less than 1 percent and
> Nissan Motor Co. posted a 5.6 percent gain. Sales fell 0.4 percent at
> Honda Motor Co. and 30 percent at Chrysler Group LLC.
> �The economy is beginning to recover,� Dana Johnson, chief economist at
> Dallas-based Comerica Bank, said in an interview. �We probably lost some
> car sales in September because inventory was so low they couldn�t make
> deliveries. Auto sales are now probably trending up and they should be up
> noticeably in the first quarter.�
> Industry sales slid 23 percent in September after the end of the federal
> rebates of as much as $4,500 for buyers who traded in older, less fuel-
> efficient vehicles. The program ran from July 27 through Aug. 24,
> contributing to an August industry sales increase that was the first
> monthly gain since 2007.
> Industrywide October sales of cars and trucks ran at a seasonally adjusted
> annual rate of 10.3 million, based on the average of 9 analyst estimates
> compiled by Bloomberg. The rate was 10.6 million a year earlier.
> Sales at a pace of 10 million or more would make October the first month
> this year to top that mark without the benefit of the clunkers incentives.
> �Positive Spin�
> �It does look like there will be positive spin from October and that�s a
> breath of fresh air after the roller coaster of a year we�ve had,� said
> Stephanie Brinley, an analyst at AutoPacific Inc. in Troy, Michigan.
> �There may still be some monthly declines going forward, but probably not
> the sustained drops we saw over the last two years.�
> Before a 5.1 percent drop in September, Ford posted U.S. sales gains in
> July and August, powered by consumer demand for the clunkers cash. That
> was the first time that Ford, GM or Chrysler increased deliveries for two
> or more months since GM�s August-October streak in 2007.
> Ford yesterday also reported surprise third-quarter net income of $997
> million and the Dearborn, Michigan-based company�s first operating profit
> since early 2008 on smaller discounts and higher sales.
> �Ford surprised us again,� Michelle Krebs, a senior analyst at
> Edmunds.com, which predicted a 6.9 percent decline for the automaker, told
> Bloomberg Television. �They surprised us with their profit yesterday, too.
> They have some really strong products that are doing well.�
> GM, Ford
> GM, the largest U.S. automaker, sold 177,603 cars and trucks in October,
> compared with 170,585 a year earlier, according to a statement from the
> Detroit-based company.
> �Clearly, we�re seeing improvement in the economy and in the industry,�
> said Michael DiGiovanni, GM�s sales analyst.
> Ford, second biggest among U.S. automakers, reported sales of 136,920 cars
> and trucks, rising from 132,838. It was the company�s third gain in the
> past four months.
> Toyota, the world�s biggest automaker, said its sales increased to
> 152,165, from 152,101. Honda reported that it sold 85,502 new vehicles,
> dropping from 85,864. Nissan posted sales of 60,115 Nissan and Infiniti
> vehicles, up from 56,945.
> Chrysler sales totaled 65,803, a drop from 94,530, the Auburn Hills,
> Michigan-based company said in a statement.
> Analysts� Estimates
> GM, which had a 45 percent decline in October 2008 on reduced access to
> financing, was expected to report an adjusted gain of 4.6 percent, the
> average of seven analyst estimates. On that basis, GM�s sales rose 0.4
> The estimates are based on daily selling rates. October had 28 selling
> days, one more than 2008. Ford, GM, Chrysler and some automakers don�t
> adjust for the difference in sales days. Toyota and Honda are among those
> that use adjusted figures.
> Ford was predicted to fall 4.4 percent, adjusted for sales days. On that
> basis, its sales fell 0.6 percent. Chrysler�s adjusted decline was 33
> percent, wider that the average 29 percent drop estimated by seven
> Toyota�s adjusted drop of 3.5 percent was smaller than the 6.9 percent
> average estimate of three analysts. Honda�s decline on that basis was
> narrower than the 5.6 percent that analysts expected.
> Hyundai Motor Co., which has gained market share this year, may report an
> increase of 33 percent for the month, according to market-research firm
> Edmunds.com. Hyundai�s October 2008 U.S. sales fell 31 percent.
> Nancy Pelosi, Democrat criminal, accessory before and after the fact to
> Rangel's tax evasion.
From: Mike Hunter on 4 Nov 2009 12:41
Apparently the only "change" we got was we will continue to store spend fuel
rods under six feet of water an the power station where we have always been
stored, rather than in the secure repository under Yucca Mountain. I
wonder if that is the CHANGE the BO voters expected?
"hls" <hls(a)nospam.nix> wrote in message
> The "messiah" announced this morning that the Yucca Mountain nuclear waste
> storate project
> is dead, even though it is complete by engineering and construction
> standards and has never
> been used. That has cost taxpayers BILLIONS, and Bobo just threw the
> money away.
> He has wasted money on the automakers, the insurance companies, and the
> The people who elected this clown must have had a death wish for America.
From: Hachiroku ハチロク on 4 Nov 2009 15:55
On Wed, 04 Nov 2009 12:35:00 -0500, Mike Hunter wrote:
> WOW stop the presses! Toyota sales up by 64 vehicles ;)
That's OK, they had the number one selling car in the CfC program, and up
64 cars still makes them the leader.
> "Leroy N. Soetoro" <leroysoetoro(a)usurper.org> wrote in message
>> Nov. 3 (Bloomberg) -- General Motors Co. and Ford Motor Co. both said
>> U.S. auto sales rose in October, their first combined increase in three
>> years, as the industry rebounded from a drop in demand after the
>> so-called cash for clunkers program.
So how come only Ford showed a profit? And a profit of ONE BILLION dollars?
From: Jeff Strickland on 4 Nov 2009 17:54
"Hachiroku ????" <Trueno(a)e86.GTS> wrote in message
> On Wed, 04 Nov 2009 12:35:00 -0500, Mike Hunter wrote:
>> WOW stop the presses! Toyota sales up by 64 vehicles ;)
> That's OK, they had the number one selling car in the CfC program, and up
> 64 cars still makes them the leader.
Sorry, Hachi, that's not entirely true. The most popular purchase was a
shiny new F150.
From: Hachiroku ハチロク on 4 Nov 2009 17:21
On Wed, 04 Nov 2009 14:54:27 -0800, Jeff Strickland wrote:
> "Hachiroku ????" <Trueno(a)e86.GTS> wrote in message
>> On Wed, 04 Nov 2009 12:35:00 -0500, Mike Hunter wrote:
>>> WOW stop the presses! Toyota sales up by 64 vehicles ;)
>> That's OK, they had the number one selling car in the CfC program, and
>> up 64 cars still makes them the leader.
> Sorry, Hachi, that's not entirely true. The most popular purchase was a
> shiny new F150.
Wow. Last I heard the Corolla was the number one purchase in the CfC
That may explain Ford's $1B profit...