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Published: Tue, 3 Nov 2009
Description: Edmunds.com's Bill Visnic discusses the auto makers' sales performance.
Automatically Generated Transcript (may not be 100% accurate)
" A senior editor at Edmunds dot com. -- of course have been under a little heat lately thanks to the White House the first week I don't talk about these other numbers and what you're expecting. From the auto industry today. Look hi can you hear -- yes I can't thank you okay also what do you expecting out of the auto numbers today."
" Well I think we're going to see at least something of a minor uptick ahead you know it's possible that still be a lot of rollercoaster -- results to think they'll -- it's not not greatly up but they are -- then there -- be some companies that are out there -- doubts though it's going to be mr. -- today but generally yeah we're looking for an industry sucks -- compared to last month had -- will be the first time this year. That will be. You know over the ten million seasonally adjusted rate of sales mark. Without the cash for -- access it would be the first month that will be airing at ten million mark this year."
" And we get to be continued -- to be selected a continuous. Uptick thank you say recovery November December ended 2010. Because that ten to ten and a half million is really. The very bottom of arrange that these automotive manufactures have to stay in in order to stay solvent Toyota GM and Chrysler are right about that."
" Yeah that's great press question Chris I think right now what what won't be difficult maybe -- getting in but once is whether -- November and December will all sort of at least continue this mildly encouraging a certain odds traditionally had in the history news out of our business is that the dark marks the winner in November December January. Are not historically good months for car sales so it's it's. Quite likely that -- November and December may -- down from this figure if that's the case and difficulty in -- to generate you know what might be. Charges momentum might think in the market right now for sales people."
" Neither is no case for an improving auto industry anytime soon right you got -- for congress. God GM sixty day guarantee. Overs so they stalled sales from 30 we just talked about how we're anticipating higher unemployment and when he ten. Credits not loosening anytime soon so what's it came through this industry go I mean tonight ten of them and dismal opening."
" Bill looks like Ford's okay based on what we heard from them yesterday certainly we're expecting a little better things from GM today. Chrysler this -- going in the wrong direction even with all the help that they've gotten. While we're going to hear from Sergio -- Sione later on in the week about his five year plan do you expect to hear anything that would that would impress you. --"
" When you're instead it's the highest in the industry and I don't know I mean there's a lot of speculation about what what mr. -- you know and it's young or the bottom lens case but tough I don't anticipate anything that hasn't. It that that we already been said and lesser sums -- the thoughts you know magic RA we don't know about right now two united turnaround modeling company turned around companies in the midst -- industries worst downturns in in. Yeah forty years."
" Yeah because of my deep chuckles when my favorite cars like ever. Let me ask you -- let the American car dealers niece on Disney's actually have a future or is Nissan the next to go down."
" Oh no I think Nissan -- its future -- yeah I think yes you know they they each seem to well like every a lot of other car companies every art -- only a lot of our company's single bends caught you know little bit unaware spy by what happened with our meats by -- consumer tastes shifted. To you know smaller -- working with this in -- and dogs they're working on an answer for that idea they have pretty highly touted electric car. That they -- interview -- some limited market next year. They're going to get more deeply into hybrids I think a company that knows how to shift gears they just need to get the gearbox folded up to two wheels first."
" And I thanks well we appreciate it thanks -- this Nicholas senior editor from Edmunds dot com about the check in with him later obviously he has. No this is one of those things that very important October to me such huge month for that."
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