[stephenjohnbanker]

Chevy has a horrible overpriced line up of cars, and took most of the dealer “mark-up” (invoice to window sticker) away from the dealers.

a $40,000 CAMARO has a 900 markup.

A 30,000 Equinox has an 800 markup.

A friend of mine owns (inherited) a Chevy store, and he showed me the numbers.

[tobyhill]

They couldn't compete in the first bankruptcy and they won't be able to compete heading into the second.

The mileage mandates will finish them off.

[taildragger]

That is no margin to carry the note, pay the staff, turn on the lights etc. All the pricepoint is going to the UAW etc who have their profit margin per car way below Ford. Ford Europe is a drag right now, but profit / vehicle state-side has gone from 5.4 to over 10%. GM was at 3 or 4% at one point and I am not sure if they have improved that or not...

[saleman]

The only way GM is even doing what it is doing is Ally financial, GM’s captive finance arm (formerly GMAC) will pretty much finance anyone that will fog a mirror.

It is run exactly like the financing that caused the housing bubble. Over finance collateral and finance folks who have no/poor record of paying back their obligations.

This house of cards will soon fall. I’ve seen it many times over the past 21 years. Usually takes about 2 years. Maybe longer in this case since the Government is backing them.