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Home » Discuss » Topic Forums » Labor Donate to DU
Joanne98 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-02-09 10:26 AM
Original message

In between fear mongering conspiracy sites screaming that someone created the H1N1 virus to make money for doctors, there is real news. Some of the real news is real scary. Why arent people scared of real news? I wonder about this all the time. Anyway, instead of spreading hysteria, lets visit the Japanese Auto Manufacturing Association to see how their colonization of the US auto markets is rolling along.

US auto companies are going bankrupt. Most Americans are totally confused. They are angry that US automakers are being subsidized. They are angry about the banks being saved. They are scared because taxes are shooting property taxes are rising significantly this year, for exampleand they see jobs vanishing. But very few understand the root causes of this unhappy situation just like many people cant understand how epidemics are created and spread.

But we must understand all this! It is life and death. So, lets look at autos tonight:

Auto sales plunge, but outlook improves - May. 1, 2009

U.S. auto sales plummeted again in April, but automakers said conditions were stabilizing and that the market is getting closer to a recovery.

Overall industry sales tumbled 34% during the month, according to sales tracker Autodata. While thats worse than the 30.8% decline predicted by, it is slightly better than the 37% drop that occurred in March.

Were at the bottom, and were poised for U.S. vehicle sales to start rising, said Mike DiGiovanni, head of sales analysis for General Motors, on a conference call with analysts and media. The overall talk of GM and Chrysler is affecting industry, but we expect a modest rise in sales in the second half of year.

The US consumers ride to the rescue. Japan and Germany are on the ropes. Things are going very badly for both and they need to continue flooding our markets with their manufactured goods or making profits on factories they own, here. They need our government to bail them out and we are doing this, all in the name of free trade. We cant target our tax dollars to save US industries. We have to save the whole world.

General Motors, Ford, Chrysler, Toyota, Honda Motor and Nissan all said Friday that April sales tumbled at least 25% from year-ago levels. With the exception of Toyota and Chrysler, the pace of Aprils declines were not as steep as the previous month.

The seasonally adjusted annual sales rate, or SAAR, fell to 9.32 million vehicles, down from a pace of 9.86 million in March. That number is a bit disappointing, given that analysts had expected the rate to rise to 10 million vehicles. The 10 million figure is significant because sales slipped below that level for the first time in 26 years in January.

The US has two major trade deficits: oil imports and auto imports. They are connected. All these cars consume vast seas of oil. And we have one of the lowest gas taxes on earth. The countries flooding us with autos are the very same ones that have much, much higher gas taxes and a much lower auto use per capita compared to the US.

Both Japan and Germany buy very few US autos. They have these immense boats that look like big grey or sand-brown boxes that have no names painted on them so they can slip into the Port of New Jersey, for example, and disgorge their loads, unnoticed. The JAMA has released a report and I wish to talk about it, a great deal.

JAMA Current Statistics


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MindPilot Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-02-09 10:34 AM
Response to Original message
1. Oh yes, these huge nameless unmarked ships pull into a major US port
and unload a few thousand cars without anyone noticing and slip away into the night. The ship's crew drinks a toast to the economic destruction of America. Riiiight.
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customerserviceguy Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-02-09 04:51 PM
Response to Original message
2. There are large amounts of cars sitting on US docks
and I would imagine that US manufacturers (both foreign and domestic nameplated) have huge lots with enormous numbers of cars sitting, too.

If even one manufacturer held a "clearance" sale as a result of either bankruptcy, or pulling out of the US market, sales for the other makes would plummet temporarily, as buyers went to snap up the bargains.
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