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View Full Version : Ford U.S. sales plunge 28 percent



LogansPapa
07-01-2008, 02:11 PM
Tue Jul 1, 2008 1:14pm EDT

DETROIT (Reuters) - Ford Motor Co said on Tuesday U.S. sales fell 28 percent in June on an unadjusted basis, driven by steep declines in sales of trucks and SUVs under rising gasoline prices.

Sales dropped to 174,091 vehicles in June from 242,029 vehicles a year earlier, including all the automaker's brands, Ford said.

Ford shares fell more than 7 percent lower after the release of the monthly sales figures.

In the Ford, Lincoln and Mercury brands in June, car sales declined 12.1 percent, crossover sales were off 17.8 percent, SUV sales sank 54.7 percent and truck and van sales sagged 37.8 percent, Ford said.

http://www.reuters.com/article/businessNews/idUSWNAS993620080701?feedType=RSS&feedName=businessNews&rpc=23&sp=true

Eyelids
07-01-2008, 03:27 PM
GM did "well" by only losing 18% of sales too.

LogansPapa
07-01-2008, 03:28 PM
"Losing a job is painful, and I know Americans are concerned about our economy; so am I. It's clear our economy has slowed, but the good news is, we anticipated this and took decisive action to bolster the economy, by passing a growth package that will put money into the hands of American workers and businesses." March 7, 2008 / GWB

noonwitch
07-01-2008, 04:16 PM
I do think that ultimately, Mullaly will save Ford, but it will be at the price of a lot of jobs. Ford's biggest mistake was replacing Jacques Nassar with Bill Ford, Jr. Bill is a good guy, the one you want doing public relations, but not a good CEO-he ran the Lions before he ran Ford Motor. That should say it all. That, and he made the misguided move of ending the production of the Taurus, one of their best-selling cars (they're making them again).


The Focus is a good seller, the best mileage on an american car. I like my 2005 one, and the new ones look even better.

Penguins Fan
07-03-2008, 02:08 PM
We bought a new Ford Escape just two months ago. Front wheel drive only, five speed, and I think it's a terrific car. The price was excellent and I get more than 25 MPG.

I think everybody's sales are down except maybe Honda.

AmPat
07-04-2008, 04:22 AM
Meh, nothing to lose our heads over. Sales fall, production cuts follow, job loss, then prices. New car buyers begin to re-enter the market, sales rebound. {insert Circle of Life song}:cool:

lacarnut
07-04-2008, 05:22 PM
Meh, nothing to lose our heads over. Sales fall, production cuts follow, job loss, then prices. New car buyers begin to re-enter the market, sales rebound. {insert Circle of Life song}:cool:

very true; what I find amusing is that the American & EU auto makers have stampeded to China to gain an advantage of cheap labor, and now shipping costs have increased dramatically due to fuel cost. The Japs knew what they were doing by producing cars in the US.

LogansPapa
07-04-2008, 07:41 PM
Another 62,000 jobs gone in June - the 6th consecutive month of job losses, according to a U.S. Labor Department report yesterday.

The world's largest economy has now shed 438,000 jobs since the start of the year.

"If there's no recession, someone forgot to tell the labour market," David Rosenberg / Merrill Lynch.

Don't worry - Be happy.:rolleyes:

Cold Warrior
07-04-2008, 07:52 PM
Another 62,000 jobs gone in June - the 6th consecutive month of job losses, according to a U.S. Labor Department report yesterday.

The world's largest economy has now shed 438,000 jobs since the start of the year.

"If there's no recession, someone forgot to tell the labour market," David Rosenberg / Merrill Lynch.

Don't worry - Be happy.:rolleyes:

But, but, it don't matter that the Euro is at $1.58, unless you'se one of dem commies that has to do business in dem foreign monies.


Ain't got no place to lay your head
Somebody came and took your bed
Don't worry, be happy
The land lord say your rent is late
He may have to litigate
Don't worry, be happy
Lood at me I am happy
Don't worry, be happy
Here I give you my phone number
When you worry call me
I make you happy
Don't worry, be happy
Ain't got no cash, ain't got no style
Ain't got not girl to make you smile
But don't worry be happy
Cause when you worry
Your face will frown
And that will bring everybody down
So don't worry, be happy (now).....

LogansPapa
07-04-2008, 07:59 PM
Ah, not to worry - The Recession won't officially begin until January 20th, 2009.;)

AmPat
07-04-2008, 08:28 PM
Another 62,000 jobs gone in June - the 6th consecutive month of job losses, according to a U.S. Labor Department report yesterday.

The world's largest economy has now shed 438,000 jobs since the start of the year.

"If there's no recession, someone forgot to tell the labour market," David Rosenberg / Merrill Lynch.

Don't worry - Be happy.:rolleyes:

Yet no change in the jobless rate. :cool:

The people who lose their jobs either act like DUmmycRATS and whine and cry all the way to the unemployment lines, or they act like responsible adult Conservatives and they get another job.

Apparently the "world's largest economy" has absorbed this horrible End-of-the-World scenario and the sun actually did shine again.:eek:

LogansPapa
07-04-2008, 10:37 PM
Apparently the "world's largest economy" has absorbed this horrible End-of-the-World scenario and the sun actually did shine again.:eek:

Not taking an accounting of reality every once-in-a-while allows folks to slip into a semantics game regarding the purchasing power of their dollar. This is the method of our government presently. Working two ten-dollar-an-hour jobs isn't quite the same as working one for twenty - with benefits. GWB saying we're not really hurting and that $600 of our own money is going to fix it, is just plain stupid.

But that will be a fond memory if and when Obama fills his position.

lacarnut
07-04-2008, 10:41 PM
Yet no change in the jobless rate. :cool:

The people who lose their jobs either act like DUmmycRATS and whine and cry all the way to the unemployment lines, or they act like responsible adult Conservatives and they get another job.

Apparently the "world's largest economy" has absorbed this horrible End-of-the-World scenario and the sun actually did shine again.:eek:

I am laughing at all this doom & gloom. Exports are up and the economy is growing at a slow rate but according to the naysayers it's the 1970's all over again. Damn, 18% home rates and the Jimmy C. malaise days are upon us. The sky will be falling next. BTW, the unemployment figures stayed at 5.5% for last month but to listen to these LOSERS you would think we had EU unemployment of 10% like Germany.

LogansPapa
07-04-2008, 10:46 PM
I am laughing at all this doom & gloom.

Do you own a business?

lacarnut
07-04-2008, 11:27 PM
Do you own a business?

I am retired; you have parroted the same talking points on several occasions. Five years from now, there will be the big 2 instead of the big 3.

Because of the stupidity of management and the unions over the last 30 odd years, Ford has a monkey on its back with retirement costs and health care costs. It's their own damn fault. I guess you do not realize that every car that Ford produces there is around $2,000 built in because of these benefits. It does not make any difference if they go to China or the moon to build their cars, the Japs are eating their lunch; their labor cost are less and they will not have retirement costs in this country for many years.

BTW, stick to the article because it does make a shit if I or you own a business; the topic at hand is the problems with Ford with lower sales. The problems with Ford started in the late 70's. I owned one of their shitty cars back then. Their cars are getting better and they have almost raised the bar to begin to compete with the Japs but they have not gotten there because of perception of building shitty cars made in the past. The big 3 deserve losing market share because of their own ineptitude; that's why people are getting laid off at Ford. If you have not figured that out, you do not know anything about the automobile business.

LogansPapa
07-04-2008, 11:35 PM
BTW, stick to the article because it does make a shit if I or you own a business; the topic at hand is the problems with Ford with lower sales.

Considering the average costs of the materials, tools and coolant has gone up 18% in the last six months and you have no concept of current economic realities in real, on the ground business, it makes your position one driven from ignorance. The cost of fuel and materials, not just the unions are killing the Big Three and what you see there first will effect every American consumer whenever they buy something made domestically. Like it or not - it's all connected.

MrsSmith
07-04-2008, 11:50 PM
Considering the average costs of the materials, tools and coolant has gone up 18% in the last six months and you have no concept of current economic realities in real, on the ground business, it makes your position one driven from ignorance. The cost of fuel and materials, not just the unions are killing the Big Three and what you see there first will effect every American consumer whenever they buy something made domestically. Like it or not - it's all connected.

I can't remember...were you on the "drill now" side, or not?

MrsSmith
07-04-2008, 11:51 PM
I am laughing at all this doom & gloom. Exports are up and the economy is growing at a slow rate but according to the naysayers it's the 1970's all over again. Damn, 18% home rates and the Jimmy C. malaise days are upon us. The sky will be falling next. BTW, the unemployment figures stayed at 5.5% for last month but to listen to these LOSERS you would think we had EU unemployment of 10% like Germany.

Just getting geared up for a possible win by Obama. :D

MrsSmith
07-04-2008, 11:57 PM
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lacarnut
07-05-2008, 12:03 AM
Considering the average costs of the materials, tools and coolant has gone up 18% in the last six months and you have no concept of current economic realities in real, on the ground business, it makes your position one driven from ignorance. The cost of fuel and materials, not just the unions are killing the Big Three and what you see there first will effect every American consumer whenever they buy something made domestically. Like it or not - it's all connected.

So the cost of materials, tools and coolant has gone up 18% in the last six month for American companies but not for Jap and German auto makers building cars in the US. I wonder how these smart ass foreigners managed to do that. They sure are some sneaky devils. :eek:

You are the ignorant one because the cost of fuel and materials of all automakers in the US including foreign ones have to pay the increased (same) costs. The unions and management have boxed themselves in because of piss poor labor negotiations and retirement benefits in the past. If you dispute that , then you are the one that does know squat about the auto business. Let make it simple for you to understand; every AMERICAN car that comes off the assembly line has $2,000 of overhead cost built into the retail selling price of that vehicle due to retirement benefits and health care benefits for retirees. The Japs & Germans DO NOT HAVE THESE COSTS.

LogansPapa
07-05-2008, 12:07 AM
Produce nothing and become a slave to other county's economies. Reference England. Not everyone can work at Disneyland.

BTW - if you can't tell that I'm for drilling now, after giving the details of the wells pumping within my city limits at this very hour - then I give up.

:rolleyes:

MrsSmith
07-05-2008, 12:22 AM
Produce nothing and become a slave to other county's economies. Reference England. Not everyone can work at Disneyland.

BTW - if you can't tell that I'm for drilling now, after giving the details of the wells pumping within my city limits at this very hour - then I give up.

:rolleyes:

Never read that post. You're usually on the opposite side of every issue, couldn't remember about that one. If you were anti-drilling, then pointing out the rising fuel costs would be pretty funny.

lacarnut
07-05-2008, 12:32 AM
Just getting geared up for a possible win by Obama. :D

That is a horrifying thought. We will get change alright but it will be change for the worst. However, the media will downplay it and tell us what a wonderful job the magic negro is doing although taxes will be higher, unemployment will be up and we will be sliding into the malaise days before his term is over. However, it will be entirely Bush's fault. These jackass's are good at playing the blame game.

LogansPapa
07-05-2008, 12:34 AM
Never read that post. You're usually on the opposite side of every issue, couldn't remember about that one. If you were anti-drilling, then pointing out the rising fuel costs would be pretty funny.


Huntington Beach Oil Production Figures for 2007:

Offshore: 1, 603,000 barrels

Onshore: 473,000 barrels

Total Barrels: 2, 076,000

;)

Well - there you go.


And BTW, I'm on the side of each issue I see as logical and correct for my sense of value. Nothing more complicated than that. It's known as not defining yourself as a sheep.;)

LogansPapa
07-05-2008, 12:38 AM
So the cost of materials, tools and coolant has gone up 18% in the last six month for American companies but not for Jap and German auto makers building cars in the US. I wonder how these smart ass foreigners managed to do that. They sure are some sneaky devils. :eek:

You are the ignorant one because the cost of fuel and materials of all automakers in the US including foreign ones have to pay the increased (same) costs. The unions and management have boxed themselves in because of piss poor labor negotiations and retirement benefits in the past. If you dispute that , then you are the one that does know squat about the auto business. Let make it simple for you to understand; every AMERICAN car that comes off the assembly line has $2,000 of overhead cost built into the retail selling price of that vehicle due to retirement benefits and health care benefits for retirees. The Japs & Germans DO NOT HAVE THESE COSTS.

Okay - I'm ignorant? German health care is payed by who? Japanese health care is payed by who? Are you drunk?:rolleyes:

lacarnut
07-05-2008, 01:04 AM
Okay - I'm ignorant? German health care is payed by who? Japanese health care is payed by who? Are you drunk?:rolleyes:

Read more carefully; what I said was that German cars made in the US (BMW's) do not have any retired employees and therefore do not have overhead costs of health care benefits for retirees. It's not the current labor costs and health care cost that is eating AMERICAN CARMAKERS alive. It's their outrageous retirement benefits (100% health care benefits for a 55 year old retired worker and his entire family at no cost to the retired employee). Foreign car makers located in this country DO NOT HAVE THIS COST BECAUSE NONE OF THEM HAVE RETIRED. This is NOT rocket science.

LogansPapa
07-05-2008, 01:14 AM
And when they do retire, have a problem, get their savings sucked up by medical expenses - who will pick up the costs then? Just because the costs get dissipated out into society doesn't mean the expense disappears.

Take the EU's aircraft industry as an example.

Do you actually believe AirBus is competitive because they build a better product that Boeing? If you do then you're a fool. Without their government and the tax collections enforced therein, upon their populace, not a single aircraft would make it to market. Five nations support the manufacture of those jets and the various factories would cease to function without their respective governments to prop them up.

There is no free lunch. Reference illegal aliens for an education on that subject.

ConJinx
07-05-2008, 01:14 AM
dEATH TO bAD lAGERS

ConJinx
07-05-2008, 01:15 AM
lP JUST AS LOST AS A CD

ConJinx
07-05-2008, 01:18 AM
Look , Thers A Dum Asz
[/b]

ConJinx
07-05-2008, 01:20 AM
LETS GIVE LOGANS PAPA A BREAK . THEN , A WAVE OF govt. WE LEFT THE DICT. FOR A kING

lacarnut
07-05-2008, 01:36 AM
And when they do retire, have a problem, get their savings sucked up by medical expenses - who will pick up the costs then? Just because the costs get dissipated out into society doesn't mean the expense disappears.

.

Tell me oh wise one, what other private company picks up 100% of your medical premiums at age 50 or 55 years of age. None that I know of except the union auto workers. If you retire 15 years before you are entitled to Medicare you better have some damn good insurance or be an auto worker. Otherwise, you are in deep shit if your health goes south and you do not have a great deal of money stashed away in savings.

I retired from the state of LA and have to pay insurance prem. for my health care. What the fuck is so special about auto workers that they have this entitlement of free health care at early retirement. If you do retire early, you better be able to buy good coverage or you need to keep your ass working till you can afford to do so. It's called responsibility for your own actions. I don't think society should be responsible for some one's poor decision to retire early; this is the same principal as buying a house you can not afford and then whining about foreclosure.

Chuck58
07-06-2008, 12:33 AM
I'll ditto that. I'm a retired police officer, New Mexico. I pay insurance for myself and my wife, although the premiums are good compared to civilian rates, they still take a chunk of my retirement. I'm 3 yrs away from Medicare, then the rate for me will drop - don't know how much.

It's great insurance, covering health, presc, eye, dental, the works but, not being an auto worker, I have to pay it. I'll forego my opinion of unions and what they've done to this country, in particular the teacher's unions.

lacarnut
07-06-2008, 08:44 PM
I'll ditto that. I'm a retired police officer, New Mexico. I pay insurance for myself and my wife, although the premiums are good compared to civilian rates, they still take a chunk of my retirement. I'm 3 yrs away from Medicare, then the rate for me will drop - don't know how much.

It's great insurance, covering health, presc, eye, dental, the works but, not being an auto worker, I have to pay it. I'll forego my opinion of unions and what they've done to this country, in particular the teacher's unions.

A private plan like yours would cost in the neighborhood of $1,000 a month or more. Medical care will be the biggest stumbling block to those that think they can retire at 50 or 55 years of age. I pay for medicare and a supplemental so that I will have very little out of pocket expense.

Retirement benefits and free medical care for auto workers will cause one or two of the American auto mfg. to either fold or merge into each-other.