Used Fleet Car Sale Blog

Another glimmer of good news, this time from General Motors….

Paying loans back early!  Or at least starting to think about it.  This is good news. http://money.cnn.com/2009/12/15/news/companies/gm_repayment/index.htm Let’s just hope they’re not depending on selling lots of $40,000 Volts to pay the rest back.  How about selling a few hundred thousand Malibu and Cobalt instead?

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Let’s Hope Some Sanity Prevails…

Each of us here at VRCG have had close friends, or business acquaintances, lose their dealerships to shortsighted “planning” on the part of the domestic manufacturers.  Although any “fix” is too late for many, it looks like there could be a bit of groundswell to get some justice for some remaining dealers. Read on: http://money.cnn.com/2009/12/11/smallbusiness/small_business_auto_dealers/index.htm […]

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Interesting Perspective on the Rental Car Business

A few analysts have been getting “bullish” on the rental car industry.  BTW, have you seen what happend to stock prices of the public rental car companies in the last eight months? Read on: http://www.capmarkets.com/ViewFile.asp?ID1=321053&ID2=342062717&ssid=2&directory=10954&bm=0&filename=MKM_Agnew_AR_11_16_09.pdf  

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Kudos to Ford!

Good news….Ford made some money for the first time in a long while: http://money.cnn.com/2009/11/02/news/companies/ford_results/index.htm?postversion=2009110211   …..now, let’s see if they can continue to make progress against a US Government subsidized GM and Chrysler, and let’s pray that the unions don’t forget how close they came to BK six month ago.

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More Brilliant “Management” from Washington

I have friends that have lost their dealships to defacto “nationalization” of the auto industry in the US.  They’ll collectively lose millions of dollars in this “transition” of the industry. Yet, Washington continues to dither about the issue.  Below is an article that describes some of the two-faced approaches our elected officials take on this […]

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Not even 125 years of bankruptcy law….

……..can stand in the way of what the US Government wants for the auto industry…. I’ll be darned: http://money.cnn.com/2009/06/10/news/companies/chrysler_fiat/index.htm   ………..the Fiat/Chrysler deal is done.  Do you think  Bob Nardelli can get out of town fast enough?

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Not really car related…

….but this piece from a hedge fund manager in Connecticut does address why a Chrysler bondholder should be “mad as hell”. Please, take the time to read this! Unafraid In Greenwich Connecticut Clifford S. AsnessManaging and Founding PrincipalAQR Capital Management, LLC The President has just harshly castigated hedge fund managers for being unwilling to take […]

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