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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Box-By-The-Riviera™ who wrote (101387)	2/17/2009 9:02:58 PM
From: TH	Read Replies (2) of 110194

JD, I stand corrected. It appears that used vehicles are rebounding a bit, and I had stated that they were soft. I contacted two friends in the retail dealership biz. One sent this email tonight. <I just spoke to Brian who said that used car prices are indeed going up over the last 2 months. An emphatic yes was said. Approximately 15% when I quizzed him. His example was a used Ram pickup that used to sell for $16K now sells for $19K.> I like to correct matters of fact when I've been in error. As for my Hummer comment, I have an update. Yesterday I received the official forecast for Hummer 2009. A whopping 5,000 units are to be sold on an annual basis. A "normal" yearly volume was 25 to 30k units. After getting that news I did a run rate on our inventory and estimate I have seven months of stock to carry now. Hummer was never a money maker and we only did it as a service to GM in exchange for the big prize, which was the GMT900 trucks (which are now selling at less than 25% of their original volume projection). GT TH

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