In the New Orleans area, many of our dealers are out of business and have lost their entire inventory.
More Quotes from George Pipas:
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.George Pipas
We weren't disappointed on overall sales, but cars did better and trucks didn't do as well as we thought. I think it's more fuel than anything. When you see these very rapid run ups, people get a little cautious.
George Pipas
If there was ever a time to try to make value pricing work, this is the time. If the economy was weak, and if you had a glut of old models, you wouldn't have a snowball's chance in hell of implementing value pricing.
George Pipas
Whenever production and demand are out of balance, you have incentives. Toyota and Honda have the advantage of a more clean-sheet approach, so they have capacity more in balance with demand.
George Pipas
but the sales pace may outstrip our production for the foreseeable future.
George Pipas
sales declines, this year at least, in the traditional S.U.V. segment are becoming the norm, and we expect that to continue to be the case in the near future.
George Pipas
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