Idea from Roger Penske, et. al. about a “fix” for the industry
From Dealer’s Edge, by way of USAToday….an intersting idea on an auto maker industry fix:
A quick tutorial on how rental fleets buy/sell cars: You might already know this,... A good used car manager knows what’s going on in their market generally within... I watch the automotive news pretty closely every day, and this article here puts... Just today there’s another article about Manheim scaling back their bricks and mortar footprint:... Tom Webb of Manheim Auctions is one of the most respected used car analysts... The renting public has been really gouged by state, county and local municipalities over... What lessons can we all learn, as taxpayers, from the GM bankruptcy, which was... Now the Federal Government wants to legislate how dealers get retail buyers financed. Lord... …when they say Chrysler’s new CEO is a “miracle worker”… Read on… http://money.cnn.com/2010/04/21/autos/chrysler_marchionne_profit.fortune/index.htm Good article here about the 1500 or so “orphaned” dealers who will try to... A very old man lay dying in his bed. In death’s doorway, he suddenly... Huh…leave it to a Libertarian to dig deep into history to find some root... Paying loans back early! Or at least starting to think about it. This is... Each of us here at VRCG have had close friends, or business acquaintances, lose... A few analysts have been getting “bullish” on the rental car industry. BTW, have... 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... ………..but that’s NOT the case today! Please read some comments from Mike Jackson from... I have friends that have lost their dealships to defacto “nationalization” of the auto... ……..can stand in the way of what the US Government wants for the auto... In a sea of crappy news about auto manufacturers, here’s a good story. I... ….but this piece from a hedge fund manager in Connecticut does address why a... This is very well put, and succinctly defines (from one view point…) how an... ….and now it looks like reality is now upon us. Fabled companies like Chrysler... ….but, welcome to the world of manufacturing automobiles in North America. Read about the... The US Government has done a wonderful job, long term, with Social Security, entitlement... Do you think $15,000.00 or so for a used car is “cheap”? Read on... I live in the Detroit area, and I’ve been hearing about the Chevy Volt... Little recognized in all this auto manufacturer mess is the huge underlying role, and... Personally, I’d rather see “GM Sales Skyrocket”, or, “GM To Announce New Hybrid Available... It’s snowing here, but, at least we can THINK of spring coming soon! Please... Looks like Ford is the first domestic auto company to really nail down a... An interesting read on how the downturn has negatively impacted the decades-old symbiotic relationship... Looks like the car world is going to lose an Industry Lion… http://money.cnn.com/2009/02/09/autos/gm_lutz.reut/index.htm?postversion=2009020911 Interesting article below about continued drop in new car sales, with some comments from... Good article here about how deep ties into the general economy the auto manufacturing... Even with all the gloom in the car business, the Detroit Auto Show goes... Encouraging article about which domestic cars to buy….a bit of good news in a... Check out what an enterprising Prius owner did with his car during a snowstorm,... Interesting spin, with good factual backup, on why it’s in NOBODY’S interest to have... The following is put about as well as any I’ve seen as the calls... I took about 90 minutes today to listen the gas bag politicians grill three... I’m not really good with words, but I’m getting pissed at the unequal treatment... Well, this should certainly be a big week. It was unthinkable back on Sept.... “will approach the minimum amount necessary to operate its business”… ….is about the worst... We spend a lot of time in the car rental industry, and the general... I’ve always been up front with our readers about my “home town slant”, as... There’s been a chorus of articles in the last few days about a potential... Three months ago we rarely read about the threat of bankruptcy in one of... This isn’t about the car business specifically, but the below article is well-written, provides... Being a home-town Detroit guy, it’s tough to see this headline… http://money.cnn.com/2008/10/09/autos/jdpa_sales_down/index.htm?postversion=2008100913 …but let’s... The stupid situation many many people have put us in (not just “Wall Street... Today here in Detroit marks the 100th anniversary of GM being in business…congratulations, there’s... Thanks to Automotive News for the following info: STUDY: USED TRUCK PRICES REBOUND:... I can’t say it any better than this…..this whole subject of loans might provoke... Interesting article from USAToday here, about truck sales popping up a little bit. Looks... This article, although the author tried to “dumb it down” for readers like me,... Here’s a very interesting spin on Chrysler from Mr. Jim Press. It of course... This video has two spins on it. First, if it’s just “saving money” you... Could this be an end to the Viper as we know it?? http://online.wsj.com/article/SB121984483240576415.html?mod=hpp_us_whats_news There is a little move afoot to highlight the debt crisis that the United... All of us here at VRCG are car nuts. But, if you want to... Wow, if this account is true, could this be a world class version of... Very, very disturbing. Some of the most fabled companies on the planet, reduced to... This certainly isn’t car-related, but, it’s worth knowing about for anybody who follows any... Here’s an interesting article on “good deals” in the used SUV world. We’ve always... It’s very obvious to me (and my banker…) that I don’t hang in circles... As I add to this blog, I look back historically and see “….hmmm, I... Today’s Wall Street Journal has a very pragmatic, “on point” article about what Detroit... Just a few days ago I pointed out a couple of articles on home-town... As I reflect back on what I’ve noticed in the advertising world recently, there’s... Is this the future of the SUV in the US? Quirky, yep…….and we’ll see... You all know I’m a “home town cheerleader” about GM, Ford and Chrysler. How... I wrote about the Challenger SRT-8 a while back – back, as a matter... Honda is on the cutting edge when it comes to another weapon in the... I spent my high school and college years, along with the first ten years... All of us in the industry have been keenly observing what’s happened to the... I’ve commented on the Kerkorian “bet” on Ford before, and the story just got... I was on a business trip to Denver last week, and was at a... The $15,000,000.00 Ferrari I wrote about earlier this week is a throwback to an... Not exactly “on point” for our car sale or consulting business, but who says... When I came to our lovely Royal Oak, MI office this morning, gas at... This article from the WSJ has (among other impact…) a big bearing on cars. ... Despite what this article says… http://money.cnn.com/2008/04/30/news/companies/gm_earnings/index.htm?postversion=2008043008 …I listened to GM CEO Rick Wagoner on... Here’s a very interesting article on today’s news that Kirk Kerkorian is increasing his... Very interesting article about the level of detail the the Ford Motor Company is... There’s been rumblings (and reality – some good, some awful!) of associations of an Asian... Here’s a link to an interesting article that appeared today regarding how the rental... Avid readers of our missives know that we’re “home town” friendly to our Native... In Southeast Michigan, where I live, it’s not unusual to be passed on the... The world of rent-a-car continues to press onward with more potential consolidation….see below for... “Spin the wheel of production” has been the topic here in Detroit….how many new... The New York Auto Show has opened…and there’s some good stuff going on! Take... Forgive my bad judgement, but back in college at the U of Missouri, I... We are proud to announce that we have committed to quite a number of... See below for an interesting link to an article about BMW. Seems that even... …It certainly would appear so. Sort of a blend between minivans and station wagons... I’m not a huge NASCAR fan, but we here in Metro Detroit always pull... Below is a link to a very interesting article about General Motors. It basically... Check this “Alton” Mega-SUV at the Chicago Auto Show! http://money.cnn.com/galleries/2008/autos/0802/gallery.2008_chicago_auto_show/index.html The show is about to start, and for those of you that are making... Please check out this (in parts very funny….) article about how Ford is re-thinking... Not exactly like the one my neighbor Ed Olree had in high school back... Just noticed this coming over the wire from Fortune.com… We are very proud to supply... I had the opportunity to attend the North American International Auto Show Charity Preview... Please look to the right, and peek at our updated inventory list. Things are... First, please take a look at our new inventory sheet…we’ve run across lots of... Please note we’ve updated our inventory mid-morning today, and for the first time in... This excellent article appeared in Auto Remarketing Today – it cites Manheim’s Tom Webb... Please note we’ve updated our available inventory…click on “inventory” in the upper right hand...