US retail car sales continue to climb

[Ricter]

Quote from Tsing Tao:

So use Google.

I'm trying to shed my "Sir Googalot" label!

I already saw the Autonation report. You don't think I'd refer to it without checking it first, do you? ; )

 

[Tsing Tao]

Quote from Ricter:

One thing YOU have missed, Free Thinker, is that if US carmakers had folded (say, reps had managed to stop the bailouts), then cars would be made overseas. Thus, they would be made by cheaper labor. Add in ocean freight, also not high, and we'd probably have a pre-import cost per car that's lower than domestically made cars. Finally, throw in the high tariffs some righties want, and the landed cost of cars would likely be no higher than car prices today. See, no downside!

Except that we've seen foreign car makers set up shop in the US and create jobs here when the tax code is attractive, as assembly and manufacture have proven themselves to be cheaper locally (even with labor costs here) vs. shipping them and exposing yourself to transport/fuel fluctuations.

 

[Tsing Tao]

Quote from Ricter:

I'm trying to shed my "Sir Googalot" label!

I already saw the Autonation report. You don't think I'd refer to it without checking it first, do you? ; )

Great, so what is your rebuttal to my commentary and analysis. I am giddy with anticipation.

Or, if you just want to push back from the table and retire on this subject for now, I will accept your yield.

 

[Free Thinker]

Quote from PHOENIX TRADING:

That makes about as much sense as me getting all worried that my career is over because my favorite paperclip company went out of business.

to you its not surprising.

here is an example of what can happen if one critical supplier disappears:

A huge explosion in an industrial park in Marl, Germany, killed two. It also could bring the world’s auto industry to its knees “in the next few weeks,” writes Bloomberg.
The explosion destroyed production facilities of an obscure chemical called Cyclododecatriene. CDT is a key element of PA-12, a resin used in most fuel and brake-line coatings, flexible hoses and quick connectors supplied to automakers. A few days ago, TI Automotive of Auburn Hills, Michigan, wrote to customers:

“The shortage is real and immediate. The possibility of production interruptions at some of your facilities in the next few weeks is high.”

TI Automotive supplies brake and fuel lines, fuel tanks and pumps to all major automakers, including GM, Ford, Toyota, and Volkswagen. Its customer list reads like a who’s who of the auto industry.


http://www.thetruthaboutcars.com/2012/04/factory-explosion-threatens-worlds-car-industry/

 

[RCG Trader]

Quote from Tsing Tao:

Great, so what is your rebuttal to my commentary and analysis. I am giddy with anticipation.

Or, if you just want to push back from the table and retire on this subject for now, I will accept your yield.

Ricter, kick his ass!

Tsing, I gotta say, methinks you have a bit more training in the debate world than you let on.

This should be good

 

[RCG Trader]

Quote from Free Thinker:

ah, but thats not how the market works. had the us manufacturers gone out of business the overseas manufactures would have been unable to meet demand. lack of supply would have allowed them to raise prices to who knows where. auto prices would have skyrocketed.

+2

Not to mention the black eye it would have given us on so many other fronts.

 

[Ricter]

Quote from Free Thinker:

ah, but thats not how the market works. had the us manufacturers gone out of business the overseas manufactures would have been unable to meet demand. lack of supply would have allowed them to raise prices to who knows where. auto prices would have skyrocketed.

I knew I should have added a wink to my post.

 

[Tsing Tao]

Quote from RCG Trader:

Ricter, kick his ass!

Tsing, I gotta say, methinks you have a bit more training in the debate world than you let on.

This should be good

I appreciate the compliment. I am a finance guy by trade. My job relies on digging into numbers and finding the truth, not the spin. When I get into a topic that I am not well-versed in, I try to preface my thoughts with "I feel" or "I think" etc., as I am arguing only my point of view - especially with an opponent who is versed in the area we're debating, when I am not (like, if I got into a discussion with you in the medical field).

 

[Tsing Tao]

Alright, Ricter. I see you do not wish to continue. I hope you appreciated today's lesson in realism vs. spin in regards to financial reports.

I am off to pick up my HK that I ordered last week, as it has come into the FFL and I got a phone call. And to grab something to eat. And probably take the rest of the day off, as it is 90 and sunny.

 

[PHOENIX TRADING]

Quote from Free Thinker:

to you its not surprising.

here is an example of what can happen if one critical supplier disappears:

A huge explosion in an industrial park in Marl, Germany, killed two. It also could bring the world’s auto industry to its knees “in the next few weeks,” writes Bloomberg.
The explosion destroyed production facilities of an obscure chemical called Cyclododecatriene. CDT is a key element of PA-12, a resin used in most fuel and brake-line coatings, flexible hoses and quick connectors supplied to automakers. A few days ago, TI Automotive of Auburn Hills, Michigan, wrote to customers:

“The shortage is real and immediate. The possibility of production interruptions at some of your facilities in the next few weeks is high.”

TI Automotive supplies brake and fuel lines, fuel tanks and pumps to all major automakers, including GM, Ford, Toyota, and Volkswagen. Its customer list reads like a who’s who of the auto industry.


http://www.thetruthaboutcars.com/2012/04/factory-explosion-threatens-worlds-car-industry/

And yet somehow the industry somehow managed to survive, without even 1 drop of sweat on my brow.

btw: the just in time model is for idiots , which is the real crux of the problem you are attempting to address.