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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (173024)12/22/2008 11:49:09 AM
From: GraceZRead Replies (1) | Respond to of 306849
 
hey, at least they WERE making money on cars and trucks they sold...

What is telling is that in 2007 Toyota and GM sold almost an identical number of cars (around 9.3 million) but Toyota had 13.9 billion profit while GM had a 38.7 billion dollar loss.

Edit: that's a loss of $4,161 per car sold!



To: MulhollandDrive who wrote (173024)12/22/2008 1:21:11 PM
From: Live2SailRead Replies (2) | Respond to of 306849
 
Buying cars is passe. Look at this ad for a 2006 Merc SL65.This is a 200k+ car in 2009, asking price is 55k! Just brutal depreciation.

sfbay.craigslist.org


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