Anytime you go from higher sales rates to lower sales rates, you're going to have to make some inventory adjustments. And it's clear there's more capacity being aimed at most profitable market in the world -- the North American light truck market. But you could see this coming a mile away. I think we are well positioned.
More Quotes from George Pipas:
About the only thing I could say is I have expected and would expect our year-to-year decline to be more than the industry.George Pipas
If you're going to be serious about trucks, and maybe after 15 years Toyota is really serious, you've got to be big in the commercial vehicle market. Something like half of our customers are using their vehicles to some extent in their business.
George Pipas
The segment is always going to be important. But come on. Baby boomers won't want to be driving the same vehicle when they're 70 that they did when they were 55.
George Pipas
I feel good about our prospects, given the cars and crossovers in our lineup.
George Pipas
Our main contention here is that we do expect sales to fall off from these levels that are obviously quite high, and I think it's fair to say you can't maintain a sales rate which for the industry we estimate is going to be a at or near record levels, ... If you analyze this from a macro view, it's clear there is going to be payback from this program in the year ahead.
George Pipas
If you were just looking at it for the first time, you'd say, Holy buckets -- a 10 percent decline in truck sales. That is very un-Ford-like,'
George Pipas
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