“Supply, deals down after auto stimulus - AZCentral.com” plus 4 more |
- Supply, deals down after auto stimulus - AZCentral.com
- Street success - Worcester Telegram & Gazette
- Meltdown 101: Health care, education costs rise - Tampa Bay Online
- Haley Barbour: It's About Policy, Not Race - NewsMax.com
- Today I Begin My Boycott of Socialist America - Salon
Supply, deals down after auto stimulus - AZCentral.com Posted: 18 Sep 2009 08:37 AM PDT DETROIT - After struggling with historically low auto sales for much of the past year, automakers are confronting a more-welcome problem: some of the lowest inventory levels in about three decades. With factories abuzz to replenish low stocks of cars - a consequence of the popular cash-for-clunkers program that ended last month - it's a problem that workers are greeting with open arms, too. "Everybody has gone from being down in the doldrums to being upbeat and happy," said Dave Beach, 47, of Washtenaw County's (Mich.) Webster Township, who is working overtime at Ford Motor Co.'s Wayne Assembly Plant, where the Ford Focus is produced. Consumers looking to buy cars may have to search harder for a deal, said Jessica Caldwell, industry analyst for Edmunds.com, because incentives are declining and some cars are difficult to find. "Depending on which vehicle you are looking at, it could be slim pickings," she said. The number of cars and trucks on dealership lots across the United States has dipped to the lowest level since at least 1975, according to WardsAuto.com, which assembles detailed data on the auto industry. That is largely a consequence of the cash-for-clunkers program, which gave consumers an incentive to turn in their old cars and trucks for more fuel-efficient, modern models. The federal government spent $3 billion on the program, which helped boost sales to their highest level in 15 months. While that has left dealers and consumers craving scarce products, which could cost automakers some sales, it has brought many autoworkers back to work and stimulated some optimism. By the end of August, the amount of inventory on dealership lots or in the process of being delivered to dealerships fell to 1.4 million vehicles, or 49 percent less than at the end of August 2008, according to Ward's data. "On the positive side, we just came through cash for clunkers . . . so this is happening at a time when we should see a more-relaxed demand," said David Zoia, editorial director for WardsAuto.com. According to Edmunds.com, the industry's days to turn - which is the amount of time it takes for a car to sell once it reaches the dealership - was 72 at the end of August. That's the lowest level since last September, when the nation's economy went into a tailspin. Automotive experts regard a 60-day supply of new vehicles as ideal. "It helped Ford, it helped the supply base, it helped everybody," Ed Norris, 48, of Jerome, Mich., said of the cash-for-clunkers program. Norris is employed by supplier IAC Group, where he monitors the quality of incoming parts at Ford's Wayne Assembly Plant, whose Ford Focus compact car was a top seller under the federal stimulus program. The industry's lower inventory levels give automakers an opportunity to replenish dealer inventories and increase profit margins, Rod Lache, analyst for Deutsche Bank, said in a recent research report. That's because too much supply leads automakers to discount prices to sell product, lowering revenue and profits. "It's a good thing for pricing," said John McDonald, spokesman for General Motors Co. "Because you don't have to put excess inventory on sale with incentives." Dealers said low inventory levels are manageable for now because September is typically a slower month than August. Bill Golling, owner of a Chrysler dealership in Bloomfield Hills, Mich., said he had about 450 cars on his lot recently, down from his typical inventory of about 1,000. This posting includes an audio/video/photo media file: Download Now |
Street success - Worcester Telegram & Gazette Posted: 18 Sep 2009 08:23 AM PDT
WORCESTER
Six years ago, abandoned vehicles littered the city's landscape like discarded fast-food wrappers.
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In response to concerns raised by many neighborhood leaders, and at the urging of the City Council, the city implemented a program in 2003 to get those vehicles off the streets.
It wasn't a problem confined to any particular neighborhood, but rather one that infiltrated many parts of the city. Not only were the abandoned vehicles an eyesore, but they created various public safety problems as well. Since the inception of the Abandoned Vehicle Removal Program, 7,786 abandoned vehicles have been removed — 4,857 (62 percent) moved by the owner and 2,929 (38 percent) towed by the city. The city has made a profit of $325,817 in the process. More importantly, the number of vehicles left abandoned on city streets has decreased dramatically in recent years, according to city officials. In the first year of the program, 2,428 abandoned vehicles were tagged for removal, compared to only 403 for the fiscal year that ended June 30. Also, the percentage of abandoned vehicles that have had to be towed, instead of being moved by their owners, has dropped to just 21 percent, compared to 45 percent during the early years of the program. "There's been a definite change in the pattern," Robert L. Moylan Jr., commissioner of public works and parks, recently told the City Council. "There's been a remarkable decrease in the number of abandoned vehicles we get calls on, and that was something we hoped for when this program was first conceived. "There's no question we've succeeded in getting the word out about this program, and the numbers reflect its effectiveness in eliminating the unacceptable behavior of leaving unwanted vehicles on the streets of our city," he said. The city's Abandoned Vehicle Removal Program marked its sixth anniversary April 7. Former Mayor Timothy P. Murray and District 4 City Councilor Barbara G. Haller were the driving forces in getting the program off the ground, after a winter in which the large number of abandoned vehicles on the streets made it difficult for snowplow operators to clear roads. "There was a time when you could not find a street in District 4 without an abandoned vehicle on it," Ms. Haller said. "But that is no longer the case. This is one of those programs that has definitely exceeded our expectations." When a vehicle is identified as being abandoned, it is "green tagged" by the city. That lets the vehicle's owner know that unless the vehicle is removed within 72 hours, the city's towing contractor will remove it. "Those who choose to tempt fate and leave their unwanted vehicles on the street are well-aware that the appearance of a green sticker on their driver-side window signifies that three days later a tow truck will be on site to tow the vehicle away," Mr. Moylan said. City Manager Michael V. O'Brien said equally as persuasive is the power of the state Registry of Motor Vehicles to "mark" the owners of abandoned vehicles who default on their fine payment to the city. That mark prevents them from conducting business at the registry, such as renewing their driver's license or vehicle registration, until the fine is paid. "Our parking administration staff in the treasurer's office has worked tirelessly in their pursuit of those abandoned vehicle offenders who have failed to pay their fine to the city," Mr. O'Brien said. The fine for abandoning a vehicle on a city street is now $400. Since the inception of the program, the city has collected nearly $422,910 in fines and fees, according to Mr. Moylan. In addition, the city has received payments from Standard Auto Wrecking, its towing contractor for the program, totaling $31,744. Under its contract with the towing contractor, the city receives $101 for every vehicle towed and stored for 30 days. After 30 days, the vehicle becomes the tow operator's to dispose of. When the program was originally launched, the city had to pay the tow operator $39.99 for each tow; the contract was eventually changed in 2006. With the program having generated $454,654 in revenue in six years, that has been offset by $128,837 in operational costs, netting the city a profit of about $325,000. District 3 Councilor Paul P. Clancy Jr., chairman of the council's Public Works Committee, which oversees the abandoned vehicle removal program, said many parts of the city that had been plagued by abandoned vehicles are "100 percent" better than they were six years ago. "This program has made a difference in improving the quality of life in our city," Mr. Clancy said. "The difference can be seen in just about every one of our neighborhoods. This has been a model program."
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Meltdown 101: Health care, education costs rise - Tampa Bay Online Posted: 18 Sep 2009 08:30 AM PDT DETROIT (AP) -- For years, General Motors Co. and its Detroit rivals have argued that their cars are as good as or better than those made by Japanese brands, but consumers either didn't believe them or didn't hear the message. So in a desperate attempt to lure back skeptical buyers, GM is introducing a 60-day guarantee offering people their money back if they aren't satisfied with its vehicles. The deal, aimed mainly at car buyers who fled GM due to quality problems in the 1970s and '80s, is a bold move that could boost sales and repair a tarnished image. But it also could cost the automaker dearly if its cars don't measure up to those made by Honda and Toyota, which consumers now view as superior. "We've got to earn the consumer's confidence and demonstrate why buying one of our products is a wise choice, and we're actually trying to make it a risk-free choice," GM Vice Chairman Bob Lutz told reporters when he rolled out the campaign this week. Here are some questions and answers about the company's offer. Q: How does the guarantee work? A: Consumers who buy new 2009 and 2010 Buick, Chevrolet, GMC and Cadillac models can return them with no questions asked, between 31 and 60 days of purchase, for a refund of the purchase price and sales tax. Cars cannot have more than 4,000 miles on them and the owners must be current in their payments. Only one return is allowed per household. Leased vehicles are not covered. The refund does not include equipment added outside the factory or fees charged during the purchase. The program starts Monday and runs through Nov. 30, which is the last day customers can take delivery of their new vehicles to qualify for a refund. Q: Has this been tried before, and has it worked? A: Lutz said GM's British Vauxhall brand ran a similar program a few years ago. Saturn had a 30-day, 1,500-mile money-back guarantee from the time the brand was launched by GM in 1990 to the beginning of the 2004 model year. Saturn is up for sale now, and Vauxhall likely will be sold with GM's Opel brand. Other brands also have similar programs, but the offers generally have had too many restrictions to be successful, said John Wolkonowicz, senior automotive analyst for the consulting firm IHS Global Insight in Lexington, Mass. It appears that GM will give refunds without many strings, so the program could work, Wolkonowicz said. Q: What are the risks for GM? A: Lutz said Vauxhall customers returned 2 percent to 3 percent of the cars it sold during its offer. If those numbers hold true for GM, the company could wind up taking back around 14,000 vehicles and have to sell them as used - though that's not a huge number for an automaker the size of GM. (The 14,000 estimate was calculated by taking 3 percent of GM's sales for 2 1/2 months, the length of the money-back guarantee program, based on July's monthly sales.) If people judge GM's products as inferior and return even more cars, the cost to the company could be higher and it could have a difficult time coming up with another way to convince people that its cars are better. But David Koehler, a clinical marketing professor at the University of Illinois at Chicago, said it's worth a try for GM because other campaigns haven't changed people's perceptions that their cars are lousy. Wolkonowicz said there is little risk to GM because its products have improved and stack up well against competitors. "Maybe a few of their older products aren't quite there yet, but even the worst and oldest of their products are really quite good," he said. "And the newest and best of their products is outstanding, if not class-leading." Q: How will GM benefit if it works? A: GM will get publicity and generate interest in its products. It could sell more cars and again become profitable, making its stock attractive when it goes on sale next year. Proceeds from the sale will help repay at least part of the $50 billion it has received from the U.S. government. Also, by showcasing new products, GM could rebuild consumer loyalty and confidence and help erase memories of bankruptcy court protection. "It's like asking for a date," said Koehler. "You just try to get your foot in the door." If people buy GM cars and trucks, they are likely to stick with the company, according to data from J.D. Power and Associates. Through August, 65 percent of consumers who bought or leased GM products traded in another GM vehicle. At Toyota, 37 percent of its customers traded in another Toyota. The industry average is 44 percent. Q: What happens when cars are returned? A: Dealers will give refunds to consumers and will put the returned vehicles up for sale on their used car lots. Q: Why would people return cars? A: People who change brands often are dissatisfied with their new cars, at least at first, because switches, cup holders and other items appear to be in the wrong place. Wolkonowicz said GM's requirement that they keep cars a minimum of 31 days should help minimize returns based on these sorts of issues. They also could simply be dissatisfied with performance or reliability. According to the Web site leasetrader.com, which helps people escape from car leases, other top reasons for wanting to get rid of a car include divorce or breakup, death, health problems, relocation or family growth. --- Emily Fredrix reported from Milwaukee. --- On the Net: For more information about GM's program, go to http://www.gm.com . © 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy. This posting includes an audio/video/photo media file: Download Now |
Haley Barbour: It's About Policy, Not Race - NewsMax.com Posted: 18 Sep 2009 07:47 AM PDT Sorry, readability was unable to parse this page for content. This posting includes an audio/video/photo media file: Download Now |
Today I Begin My Boycott of Socialist America - Salon Posted: 18 Sep 2009 07:33 AM PDT I must say that I am definitely keeping Wal-Mart's Capitalist strong hold on America secure just based on the amount of Febreze I've bought in the subsequent weeks. Trash has been a bit of a problem. I notified the local garbage pickup and recycling truck to bypass our home in lieu of my family transporting our own trash to the dumps. The cars are beginning to really smell bad, as is our garage. But I will not be deterred in stopping these blatantly Socialist programs. I am tired of having my paycheck cut by a vast percentage each month to fund these programs. I also bought face masks for my family, so problem solved. My friends and I have devised a way to bypass Ambulance Services funded in part by the Socialist American Government. We each hooked old sleighs behind our bicycles and put each other's names on speed dial in our cell phones (cell phones usage is Capitalism at its best). Should one of us be in an accident, we will simply speed dial until we reach someone to come pick us up. If we should be unconscious at the scene, we all have hand written billboards in our automobiles (each one fire proofed) and engraved medallions around our neck instructing bystandes NOT to call an ambulance. We think this will work. Today is the last day of public school for my son. He cried a lot last night and told us he hated us a few times but I told him that I would learn him his school work in the evening by flashlight when my wife and I get home from our jobs. There was a bit of trepitation on his part when we informed him he would be staying home by himself all day while we work. I told him, "look son, you're 8-years old, grow the hell up will ya?" He cried some more but kids, they're very resilient. He'll adapt. I refuse to pay taxes any more because I no longer believe in Government. The Socialist strangling of our earnings will no longer have a hold on my family. I told my employer to stop withholding income taxes from my paycheck. I started this a couple of months ago and I double dog dare the Socialist IRS to come knocking on my door looking for a hand out. We are a totally Capitalistic family now and have no need to contribute to the Socialist system any longer. The only good government is no government. I called the Department of Defense and told them they would no longer kill people in the name of my God with my tax dollars. They said something really brilliantly witty like "son, don't you love Amurca and want yourn family defensed by the military?" I laughed a bit and told them about my sharpshooting abilities and offered to ride over on my bike and show them my marksman patches. As I informed them, if terrorists invade my home, I am going to be more than equipped to defend my home, just like our founding fathers did back in the days of militia. I have the entire health care thing covered too. I bought an automatic defibrillator that runs off a gas powered generator, just in case one of our hearts stop. I bought the "Ultra-Mega Survivalist First Aid Kit" at Wal-Mart (buy the Wal-Mart knock off brand, you'll save half) and it has everything you need to fix any number of maladies. I found kevlar vests at a discount military surplous store right in town. The owner thanked me for being a good American and I shook his hand with a tear in my eye. My wife, son and I can walk the streets now and not worry about being taken out by a gun toting crack head. Wake up America. The perils of Socialism have slowly been taking us over since The Declaration of Independence was first signed. Now that Obama is in office he wants to complete the switch from God fearing Capitalists to Marx and Hitler worshipping Socialists. Police Departments, Fire Departments, Utilities, Postal Services, Highway Departments, libraries, trash service, ambulance services, public schools with all their arts programs add up to only one thing in my eyes, Socialism! We have to take a stand against the vast spread of Socialism in America people. We can't let these fat governmental programs suck us dry of our hard earned cash. I bought a king sized mattress and removed the stuffing too to store our cash. We will no longer support these Socialist, Government owned banks to protect our money. We will cash our checks at Wal-Mart (they do that too!) and stuff our earning in the mattress. The only FDIC I need has a clip on it and holds 12 rounds and it is semi-automatic. I apologize that I have to cut this short. There are a couple of black cars out in front of my house with some men in dark menacing suits getting out. I think I just heard the door bell ring (I can't wait until they cut the power) so I'm going to get my hunting knife out and go see who it is. I'll finish this post as a "Part II" at a later date. Stay strong America. Stay independent and don't give into big government! Keep 912 hope alive, after all, this is our country! This posting includes an audio/video/photo media file: Download Now |
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