ECONOMY: Trucks drive Chrysler, Ford gains; Chevy cars boost GM

Sep 5, 2012 | Posted by: Mr_Bill | Full story: www.delmarvanow.com

Chrysler reported U.S. sales up 14% in August vs. a year ago -- driven by a 19% increase for its Ram pickups.

Ford sales rose 13%, also led by pickup sales, while GM rode good sales for Chevy cars to a 10% gain in the U.S. for August.

CHRYSLER: The Fiat-owned company sold 148,472 vehicles in the month, more than 25,000 of them pickups. It was the best August for Ram since 2007. Helping drive those sales likely were deals -- incentives on the Ram 1500 pickups averaged $4,289 in the month, according to Edmunds.com.

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1 - 13 of 13 Comments Last updated Sep 6, 2012

Since: Nov 08

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#1
Sep 5, 2012
 

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Gubmint vehicles suck. They are 25th just like public union teachers are 25th. That's just the way is is no matter what propaganda they throw at you.
Gravediggers

United States

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#2
Sep 5, 2012
 

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How many of these vehicles were purchased by government entities for their workers, employees to drive?

What do federal government workers drive, what do city workers drive, what do police forces drive, what do fire department workers drive.

It's not the general public buying, it's the buying by government workers.

“Open your eyes”

Since: Sep 09

Central Florida

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#3
Sep 5, 2012
 

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Here is what funny. These reports never tell you the full truth.

This came out about a month or 2 ago. I saw it on ABC and laughed my ass off.

One of the biggest problems in the housing bubble was the deregualtion and the banks giving out these interest only loans and crap loans to everyone and anyone that applied.

Well the auto industry has started up the same thing. The exact type of loans for housing have been converted to the auto industry. Stated loans, no proof of income.

So the same people that got sucked up in the housing loans are now being sucked up in the auto loans. And these loans are being bundled and sold as securities in Credit Default Swaps.

Next bubble: Auto Industry

“Open your eyes”

Since: Sep 09

Central Florida

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#6
Sep 5, 2012
 

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the truth wrote:
<quoted text>
sounds like someone jealous Obama was right, tired of your Government Motors jokes? Too bad Americans are buying American products again, Country First? Isn't that what your beloved Sarah Palin always said? What happened to Palin 2012? Lol
Wow, you're an idiot.

Majority of the sales are by dealership increasing inventory in conjunction with the loan fiasco.

So when this bubble blows up, I guess you will be looking at a politician to try to figure out a way to fix it.

Sad really.

And on a side note, Palin is a piece a crap. Do not accuse someone of being a supporter of a politician if you do not know that person. Try again there sunshine. You just made yourself look like an ass.
two times

Mishawaka, IN

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Sep 5, 2012
 

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Gravediggers wrote:
How many of these vehicles were purchased by government entities for their workers, employees to drive?
What do federal government workers drive, what do city workers drive, what do police forces drive, what do fire department workers drive.
It's not the general public buying, it's the buying by government workers.
It must hurt to be that stupid!

“i hope we can change this!”

Since: Aug 08

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#8
Sep 5, 2012
 

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the truth wrote:
<quoted text>
sounds like someone jealous Obama was right, tired of your Government Motors jokes? Too bad Americans are buying American products again, Country First? Isn't that what your beloved Sarah Palin always said? What happened to Palin 2012? Lol
sounds MORE like you're totally clueless!

btw...what happened to the volt?
when do you think gm will pay back the taxpayers the $35 BILLION they still owe?

“i hope we can change this!”

Since: Aug 08

usa

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#9
Sep 5, 2012
 

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two times wrote:
<quoted text> It must hurt to be that stupid!
might want to do a little research first, skippy...

are ALL you left wing loons fcking morons?
Tbagger Vance

North Haven, CT

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#11
Sep 5, 2012
 

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Bush initiated auto industry bail out...BO takes 100% credit for its success

Since: Nov 08

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#13
Sep 6, 2012
 

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If they were any good, they wouldn't need the gubmint bailout in the first place. Now we have to subsidize their pensions? That's probably where all the money is going. Bloated union pensions for the junk that fell apart on us in the 70s and 80s.
Larry

Mishawaka, IN

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#14
Sep 6, 2012
 

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Eighthman wrote:
If they were any good, they wouldn't need the gubmint bailout in the first place. Now we have to subsidize their pensions? That's probably where all the money is going. Bloated union pensions for the junk that fell apart on us in the 70s and 80s.
The government loan to Chrysler was over two years ago and has since been paid in full. The pensions are managed by the uaw and the money is in the veba fund. Had Chrysler not received the loan the tax payers would have been on the hook for the pensions.

Since: May 11

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#15
Sep 6, 2012
 
Kahoki wrote:
<quoted text>
Wow, you're an idiot.
Majority of the sales are by dealership increasing inventory in conjunction with the loan fiasco.
So when this bubble blows up, I guess you will be looking at a politician to try to figure out a way to fix it.
Sad really.
And on a side note, Palin is a piece a crap. Do not accuse someone of being a supporter of a politician if you do not know that person. Try again there sunshine. You just made yourself look like an ass.
This is interesting because we've recently had two very large dealerships open up near us. With credit as tight as it is and interest rates so high on people with poor credit ratings, I was wondering how it was possible to sell enough cars to support these places.

Now watch what happens when the bottom falls out of this scam. They'll be running to government for a handout. The only thing that will benefit from this will be the repo companies.

Since: May 11

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#16
Sep 6, 2012
 
Eighthman wrote:
If they were any good, they wouldn't need the gubmint bailout in the first place. Now we have to subsidize their pensions? That's probably where all the money is going. Bloated union pensions for the junk that fell apart on us in the 70s and 80s.
I find it ironic that on one hand you'll praise Romney to the highest for all millions he's made off the backs of all the back-end customers and ex-employees at Bain Capital, money he's probably never paid a dime in tax on; yet, you would deny a pension to a person who's worked hard every day for 30 years and paid into a retirement. Romney wouldn't know the working end of a screwdriver. All he knows how to do is manipulate money. And THAT is something Americans do NOT need.

“It's a Brand New Day”

Since: Feb 06

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#17
Sep 6, 2012
 
Eighthman wrote:
If they were any good, they wouldn't need the gubmint bailout in the first place. Now we have to subsidize their pensions? That's probably where all the money is going. Bloated union pensions for the junk that fell apart on us in the 70s and 80s.
You are so sour. You would piss on lillies.

And you are so wrong. Those pensions keep drones like you working.

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