Dealers, consumers and third parties have reacted very enthusiastically to these segment-leading new vehicles. Sales, production, inventory turn rates and dealer orders are all ahead of plan. It's January, it's early, but we're optimistic that these great new products will be successful.
More Quotes from Mark LaNeve:
Been there, done that, and I know what the ending looks like. That's not good for our brands and customers.Mark LaNeve
We've been around for 100 years, we have great new products coming and we have great liquidity. We're acting with urgency to deal with our problems. But we'll be around 100 years from now.
Mark LaNeve
Hindsight being 2020, I probably wouldn't have done it.
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We want to attract people with our features and our quality, not just the latest wad of cash on the hood.
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Dealers tell us they can't keep them on the lot, with vehicles staying in inventory less than a week on average.
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Given that the industry came in somewhat below our initial expectations, we are pleased that our retail sales were in line with the targets established in our North America turnaround plan.
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