Auto sales up for 2010

aquaknight

aquaknight

Active Member
For the first time since 2005, the US auto sales market has seen a rise in auto sales for the calendar year, up 11 percent as from 2009 (11.6 million units sold vs. 10.5mil).
GM sold 2.2 million cars and trucks, up 6.3% to spite killing off 4 brands to concentrate in it's 4 "core" brands.
Ford saw a rise of 15% to 1.9 million.
Chrysler had a 17% rise in sales to 1.1 million units
Hyundai and Nissan both also nice rises in sales, with 24% and 17% respectively, and almost for the first time, Hyundai almost had it's first car ever on the top-10 sales list, with the Hyundai Sonata just being edged out by the Dodge Ram.
Toyota sales remained flat, by obviously in large due to the quality control issues, experienced earlier in the year.
Top 10 Individual models;
1. Ford F-Series (528,349 +27.7%)
2. Chevrolet Silverado (370,135 +16.9%)
3. Toyota Camry (327,804 -7.5%)
4. Honda Accord (311,381 +8.1%)
5. Toyota Corolla (266,082 -9.8%)
6. Honda Civic (260,218 +0.8%)
7. Nissan Altima (229,263 +12.6%)
8. Ford Fusion (219,219 +21.3%)
9. Honda CR-V (203,714 +7.2%)
10. Dodge Ram (199,652 +13%)
 
J

jstdv8

Guest
Great news on the upswing. Sad that 6 out of the top 10 new vehicles is a foreign made unit.
And all the parts from the domestic cars are also foreign made.
 
kjr_trig

kjr_trig

Active Member
That's great....Too bad Chrysler and G.M. won't pay back all the money they were given in their bailouts.
G.M. is a disgrace and should be out of business.
Ford is the only respectable U.S. automaker left.
C'mon AquaKnight, you knew I wouldn't let you slide by with such shananigans of patting G.M. on the back.
 
reefraff

reefraff

Active Member
GM and Chrysler weren't given the money, the UAW was but you are right, not much chance we'll see it again.
 
aquaknight

aquaknight

Active Member
Quote:
Originally Posted by Jstdv8 http:///forum/thread/383172/auto-sales-up-for-2010#post_3349281
Great news on the upswing. Sad that 6 out of the top 10 new vehicles is a foreign made unit.
And all the parts from the domestic cars are also foreign made.
Well basically what you don't see with that list, is all the domestics taking up the bulk of the 11th-30th spots.
Quote:
Originally Posted by kjr_trig http:///forum/thread/383172/auto-sales-up-for-2010#post_3349359
That's great....Too bad Chrysler and G.M. won't pay back all the money they were given in their bailouts.
G.M. is a disgrace and should be out of business.
Ford is the only respectable U.S. automaker left.
C'mon AquaKnight, you knew I wouldn't let you slide by with such shananigans of patting G.M. on the back.
I look at it two ways. First, if I was in charge of GM, would I (or anyone else for that matter) do different in the same situation? Backs against the wall from the UAW, forklift drivers making $98k, and either bankruptcy or ask the government for money. The US government could have easily said no, but chose that the jobs in the US were important enough to keep GM around.
Second, the bottom-line with GM still in the market is that it keeps the market competitive. GM may lack a little with the bread-and-butter markets (compact and mid-size), though that will start to change with the new Cruze, but everywhere else, GM products are among the top choices.
And of course you know I have to toss this in, but it's not a level playing field. Japan taxes foreign cars out of competition, the US does not. Every year Japan gives it's top performing companies billions of dollars. In what could be argued as a depression, the US aids some of it's companies, and everyone has a cow. No company based in Japan, can be majority foreign owned. This is why Ford never owned more then 33% of Mazda, the maximum allowed under Japanese law, before they're considered a foreign company, and subject to the appropriate taxes and tariffs.
 
aquaknight

aquaknight

Active Member
Not sure what you mean? If you're looking for sales figures, the Volt has just come on the market, and the EV1 was never sold. It was leased to select customers as a research program, with the agreement being they would return the vehicles to GM. Some obviously decided to keep theirs.
I will preface this by saying I'm not excited about where these cars will take the automotive market, the forced acceptance of higher gas prices, the history of American open-road, and no more performance vehicles. But for what it is, the Volt is a great car. With the Volt's only real rival at the moment being the Nissan Leaf, the Volt is a far superior car, in terms of size/useablilty, build quality/materials, and flexability, with the gasoline engine. When the battery's drained on the Leaf, you're SOL....
EDIT: Sales figures for the Nissan Leaf and Chevrolet Volt were both released for the first time in December. Nissan sold 19 Leaf's, and Chevy, 326 Volts. I believe the Volt was only available for a week, but both manufactures are limiting sales in just certain areas.
 
mantisman51

mantisman51

Active Member
Uh, General Motors HAS paid back 130% of what they were loaned and the government will make more when they sell the remaining stock. Chrysler has paid back about half of the loans and are a few months ahead of schedule on the rest. Again, when the stock is sold, the government will make money on that deal as well. The situation with the car company bailout is completely different than the $780 billion welfare to the banks. Every penny + interest will be given back to the US from the car companies. The banks were given the vast majority of the $780 billion, and only have to repay a portion of TARP. To compound the welfare, right now the banks are being loaned money from the Fed at 0-.15% interest and are buying government bonds where they are earning 1.2-3.5% interest. They are all borrowing the maximum from the Fed and, in turn, buying the maximum amount of bonds allowed. So the banks are borrowing money from us and then loaning it back to the government at a huge profit. That is highlighted as some here on the Republican side get lost in the words to argue for the banks. We have been and are continuing to be r@ped by the banks. The car companies were loaned money (I don't like that the government took control) and are paying it back as they make money by building products and keeping people employed. The banks were GIVEN hundreds of billion of $, on top of TARP loans, and are milking money out of you and me the tax payers by playing the US bond market with money borrowed from the Fed. Go ahead Republican sheeple, tell us why the banks deserve it to save our country and the car companies, who have or are paying it all back, don't.
 
mantisman51

mantisman51

Active Member
Also, every year the foreign car companies are GIVEN hundreds of millions of $ to have their plants in Tennessee, Ohio, Alabama, Mississippi, and North Carolina. They have been receiving this government welfare since the first day Honda announced they would build the Accord in Marysville, Ohio. So, our government LOANING money to our companies is bad. GIVING billions to foreign companies is good? According to USAToday, each year Alabama gives $250-$500 million to Hyundai to keep it in Alabama and all the other states match that and give even more. The American car companies are getting some deals like that to keep them alive, but nothing close to the welfare that the above-mentioned states are giving to the foreign companies. Also, those here who love to bash your own country, All the Asian companies have government subsidies to undercut the American car companies, while we stupid Americans shovel money at them through tax deals and buying their junk. You anti-Americans here are cutting your own throat supporting these foreigners. When they have driven our companies out of business they won't be so nice with their pricing strategies.
 
kjr_trig

kjr_trig

Active Member
Quote:
Originally Posted by mantisman51 http:///forum/thread/383172/auto-sales-up-for-2010#post_3349459
Uh, General Motors HAS paid back 130% of what they were loaned and the government will make more when they sell the remaining stock. Chrysler has paid back about half of the loans and are a few months ahead of schedule on the rest. Again, when the stock is sold, the government will make money on that deal as well. The situation with the car company bailout is completely different than the $780 billion welfare to the banks. Every penny + interest will be given back to the US from the car companies. The banks were given the vast majority of the $780 billion, and only have to repay a portion of TARP. To compound the welfare, right now the banks are being loaned money from the Fed at 0-.15% interest and are buying government bonds where they are earning 1.2-3.5% interest. They are all borrowing the maximum from the Fed and, in turn, buying the maximum amount of bonds allowed. So the banks are borrowing money from us and then loaning it back to the government at a huge profit. That is highlighted as some here on the Republican side get lost in the words to argue for the banks. We have been and are continuing to be r@ped by the banks. The car companies were loaned money (I don't like that the government took control) and are paying it back as they make money by building products and keeping people employed. The banks were GIVEN hundreds of billion of $, on top of TARP loans, and are milking money out of you and me the tax payers by playing the US bond market with money borrowed from the Fed. Go ahead Republican sheeple, tell us why the banks deserve it to save our country and the car companies, who have or are paying it all back, don't.
Do you have any documentation of this? I can't find one source that says either of these companies have paid back their bailouts.
 
darthtang aw

darthtang aw

Active Member
Quote:
Originally Posted by kjr_trig http:///forum/thread/383172/auto-sales-up-for-2010#post_3349509
Quote:
Originally Posted by mantisman51 http:///forum/thread/383172/auto-sales-up-for-2010#post_3349459
Uh, General Motors HAS paid back 130% of what they were loaned and the government will make more when they sell the remaining stock. Chrysler has paid back about half of the loans and are a few months ahead of schedule on the rest. Again, when the stock is sold, the government will make money on that deal as well. The situation with the car company bailout is completely different than the $780 billion welfare to the banks. Every penny + interest will be given back to the US from the car companies. The banks were given the vast majority of the $780 billion, and only have to repay a portion of TARP. To compound the welfare, right now the banks are being loaned money from the Fed at 0-.15% interest and are buying government bonds where they are earning 1.2-3.5% interest. They are all borrowing the maximum from the Fed and, in turn, buying the maximum amount of bonds allowed. So the banks are borrowing money from us and then loaning it back to the government at a huge profit. That is highlighted as some here on the Republican side get lost in the words to argue for the banks. We have been and are continuing to be r@ped by the banks. The car companies were loaned money (I don't like that the government took control) and are paying it back as they make money by building products and keeping people employed. The banks were GIVEN hundreds of billion of $, on top of TARP loans, and are milking money out of you and me the tax payers by playing the US bond market with money borrowed from the Fed. Go ahead Republican sheeple, tell us why the banks deserve it to save our country and the car companies, who have or are paying it all back, don't.
Do you have any documentation of this? I can't find one source that says either of these companies have paid back their bailouts.
He is sort of correct on chrysler, but way off on GM.
http://www.theledger.com/article/20110114/NEWS/101145043/1001/BUSINESS?Title=Unclear-Whether-Public-Will-Get-Its-Money-Back-From-Auto-Bailout
The loans have not been paid back and wont be unless the stock price can jump considerably.
 
reefraff

reefraff

Active Member
Quote:
Originally Posted by mantisman51 http:///forum/thread/383172/auto-sales-up-for-2010#post_3349459
Uh, General Motors HAS paid back 130% of what they were loaned and the government will make more when they sell the remaining stock. Chrysler has paid back about half of the loans and are a few months ahead of schedule on the rest. Again, when the stock is sold, the government will make money on that deal as well. The situation with the car company bailout is completely different than the $780 billion welfare to the banks. Every penny + interest will be given back to the US from the car companies. The banks were given the vast majority of the $780 billion, and only have to repay a portion of TARP. To compound the welfare, right now the banks are being loaned money from the Fed at 0-.15% interest and are buying government bonds where they are earning 1.2-3.5% interest. They are all borrowing the maximum from the Fed and, in turn, buying the maximum amount of bonds allowed. So the banks are borrowing money from us and then loaning it back to the government at a huge profit. That is highlighted as some here on the Republican side get lost in the words to argue for the banks. We have been and are continuing to be r@ped by the banks. The car companies were loaned money (I don't like that the government took control) and are paying it back as they make money by building products and keeping people employed. The banks were GIVEN hundreds of billion of $, on top of TARP loans, and are milking money out of you and me the tax payers by playing the US bond market with money borrowed from the Fed. Go ahead Republican sheeple, tell us why the banks deserve it to save our country and the car companies, who have or are paying it all back, don't.
Where did you get the info about GM? Isn't even close to accurate.
http://www.usatoday.com/money/autos/2010-11-18-gmereact18_ST_N.htm
 
darthtang aw

darthtang aw

Active Member
Quote:
Originally Posted by reefraff http:///forum/thread/383172/auto-sales-up-for-2010#post_3349511
Quote:
Originally Posted by mantisman51 http:///forum/thread/383172/auto-sales-up-for-2010#post_3349459
Uh, General Motors HAS paid back 130% of what they were loaned and the government will make more when they sell the remaining stock. Chrysler has paid back about half of the loans and are a few months ahead of schedule on the rest. Again, when the stock is sold, the government will make money on that deal as well. The situation with the car company bailout is completely different than the $780 billion welfare to the banks. Every penny + interest will be given back to the US from the car companies. The banks were given the vast majority of the $780 billion, and only have to repay a portion of TARP. To compound the welfare, right now the banks are being loaned money from the Fed at 0-.15% interest and are buying government bonds where they are earning 1.2-3.5% interest. They are all borrowing the maximum from the Fed and, in turn, buying the maximum amount of bonds allowed. So the banks are borrowing money from us and then loaning it back to the government at a huge profit. That is highlighted as some here on the Republican side get lost in the words to argue for the banks. We have been and are continuing to be r@ped by the banks. The car companies were loaned money (I don't like that the government took control) and are paying it back as they make money by building products and keeping people employed. The banks were GIVEN hundreds of billion of $, on top of TARP loans, and are milking money out of you and me the tax payers by playing the US bond market with money borrowed from the Fed. Go ahead Republican sheeple, tell us why the banks deserve it to save our country and the car companies, who have or are paying it all back, don't.
Where did you get the info about GM? Isn't even close to accurate.
http://www.usatoday.com/money/autos/2010-11-18-gmereact18_ST_N.htm
see my link reef. some is correct.
 
reefraff

reefraff

Active Member
"taxpayers got back $23.1 billion of nearly $49.5 billion the government put into the nation's largest automaker." " GM shares closed Thursday at $38.27, down 35 cents. The Treasury Department needs the price to rise to about $53 a share for the government to break even on its GM bailout."
Far cry from "being paid back 130% of what they were loaned" and still had more stock to sell.
 
mantisman51

mantisman51

Active Member
http://abcnews.go.com/WN/general-motors-repays-81-billion-government-loans/story?id=10437944
The initial amount does not include stock, as I mentioned, which is where the 130% # comes from.
 
reefraff

reefraff

Active Member
"General Motors Co. plans to begin paying back a $6.7 billion loan it owes the U.S. government starting late this year, putting it on track to potentially repay the entire note by the middle of 2011, said a person familiar with the matter. But in a move that could be controversial and risky, the car maker plans to use other money it received from the government to pay back the borrowing."
http://online.wsj.com/article/SB10001424052748704431804574538281493267824.html
You might also want to read page 2 of your own article about the banks. In fact nearly all of the big banks paid their money back over a year ago.
http://www.usatoday.com/money/industries/banking/2009-06-17-repaying-tarp-loans_N.htm
 
darthtang aw

darthtang aw

Active Member
reef...lol.....I said mantis was sort of correct concerning chrysler. lol. said he was wrong with everything else. The banks, did pay their tarp bank...but they used money from the stimulus to pay much of it....so in essence the banks didnt pay us back, we paid us back.
 
J

jstdv8

Guest
Well, I was going to just stick with saying how about that Volt, just to change the subject, but then I realized that GM allready had a car just like it about 15 years ago called the EV1
GM leased them all out to celebrities and other people to get the brand going had really good success. At the end of the lease term nearly 100% of the leasers wanted to either re-lease their cars or buy them ourtight. But instead GM took them all and crushed them and terminated the project.
If you watched the documentry "who killed the electric car" they think that big oil bought them out.
Now it's taken this many years to get back to the same place we allready were with taking the next step to get off off our oil dependance. Pity.
Quote:
Originally Posted by AquaKnight http:///forum/thread/383172/auto-sales-up-for-2010#post_3349432
Not sure what you mean? If you're looking for sales figures, the Volt has just come on the market, and the EV1 was never sold. It was leased to select customers as a research program, with the agreement being they would return the vehicles to GM. Some obviously decided to keep theirs.
I will preface this by saying I'm not excited about where these cars will take the automotive market, the forced acceptance of higher gas prices, the history of American open-road, and no more performance vehicles. But for what it is, the Volt is a great car. With the Volt's only real rival at the moment being the Nissan Leaf, the Volt is a far superior car, in terms of size/useablilty, build quality/materials, and flexability, with the gasoline engine. When the battery's drained on the Leaf, you're SOL....
EDIT: Sales figures for the Nissan Leaf and Chevrolet Volt were both released for the first time in December. Nissan sold 19 Leaf's, and Chevy, 326 Volts. I believe the Volt was only available for a week, but both manufactures are limiting sales in just certain areas.
 
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