RV Trip Planning Discussions

Go Back   iRV2 Forums > iRV2.com COMMUNITY FORUMS > Just Conversation
Click Here to Login
Join iRV2 Today

Mission Statement: Supporting thoughtful exchange of knowledge, values and experience among RV enthusiasts.
Closed Thread
  This discussion is proudly sponsored by:
Please support our sponsors and let them know you heard about their products on iRV2
 
Thread Tools Search this Thread Display Modes
 
Old 11-27-2018, 01:04 PM   #1
Senior Member
 
Join Date: Apr 2015
Posts: 1,440
Is GM the tip of the iceberg?

For some time I have been reading articles in the financials about a significant down turn in the economy predicted to hit sometime in 2019. Some farmers are already hurting and now GM is a laying off 14,000+. That's going to sting. Wondering if the predictions are correct.

Please refrain from any political comments.
__________________

__________________
2014 Raptor 300MP, 2014 Cowboy Cadillac - Ram 3500 Crew Cab Long Bed Longhorn 6.7 Cummins Turbo Diesel DRW 4.10 Rear End, 5588 Payload, Firestone Airbags, Curt Q20, TST507
raineman is offline  
Join the #1 RV Forum Today - It's Totally Free!

iRV2.com RV Community - Are you about to start a new improvement on your RV or need some help with some maintenance? Do you need advice on what products to buy? Or maybe you can give others some advice? No matter where you fit in you'll find that iRV2 is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with other RV owners, see fewer ads, upload photographs, create an RV blog, send private messages and so much, much more!

Old 11-27-2018, 01:14 PM   #2
Senior Member
 
Unicorn Driver's Avatar


 
Join Date: Jan 2017
Posts: 5,839
Possibly. Very scary.
__________________

__________________
2008 Itasca Latitude 37g UFO Gas pusher.
2012 Jeep Wrangler Sahara JKU.
Unicorn Driver is offline  
Old 11-27-2018, 01:18 PM   #3
Senior Member
 
Join Date: Sep 2012
Posts: 8,055
The answer is probably. I just looked at sedan sales for another question and saw that they have been steadily dropping since last spring. Sometime in the summer they dropped below 30% market share to SUVs and light trucks. They are continuing to fall across the board. Ford was the first one to cut sedan production, now GM and I expect Toyota, Honda and Hyundai to be along soon.

I see it as rather interesting as the electric car market has mostly developed the small sedans folks are moving away from. That puts and interesting question of who is going to buy what self driving electric vehicles GM and others are setting out to produce. Either they are going to be SUV class vehicles or they will face a shrinking market.
nothermark is offline  
Old 11-27-2018, 01:27 PM   #4
Senior Member
 
Join Date: Jun 2016
Posts: 459
According to CNBC, truck sales are up 8%, SUVs 11% and crossovers up 18% as compared to last year. Car sales are down 21% year to year. The US is in the second longest economic up cycle in US history. If it goes past March 1919, it will be the longest.
__________________
Jim & Roy Davis
2016 Hurricane 31S
1961 Chev Rampside toad
Beau388 is online now  
Old 11-27-2018, 01:28 PM   #5
Member
 
Join Date: Aug 2018
Posts: 32
We need to support the company's that helped the UNITED STATES OF AMERICA
in WWII.
My thought anyway.
Regards
Mike
on safari is online now  
Old 11-27-2018, 02:37 PM   #6
Senior Member
 
wildtoad's Avatar
 
Join Date: Jul 2010
Posts: 4,153
They can make as many small electric only cars that they want, but until they have the very rapid charging infrastructure to support them, they will be a niche market, or limited to urban usage. GM is doing exactly what they need to do by eliminating brands and body styles that are not selling, or profitable. Ford has already announced a similar plan to shutter all cars except two and focus on what people are buying. I’m not sure these actions are indicative of the economy in general, just the auto industry.
__________________
Tom Wilds
Blythewood SC
2016 Newmar Bay Star Sport 3004
2015 Jeep Wrangler 2DR 4WD Sahara, Automatic, Hard Top
wildtoad is offline  
Old 11-27-2018, 05:15 PM   #7
Senior Member
 
Join Date: Aug 2017
Location: Syracuse Ut.
Posts: 690
GM, like the other US market auto makers is shifting from production of small cheaper cars to larger more expensive trucks and SUV's. If and when the market goes down, demand will probably swing the other way. It looks like GM is getting rid of their Hybrids, hard to say what they will do fully electric wise. It appears their corporate take is also that they can't economically produce in the US and will continue to move production.



Historically, the economy goes up and down, virtually never even and steady. Things being at a high level now, history tells us it will drop, probably a fairly significant swing if history repeats, which is the norm. Predicting exactly when the swings will take place, and how significant they will be is one of those things that can make you a lot of money if you're accurate with it.
__________________
2016 Bighorn 3270RS, 2015 Ram 3500 CTD/ASIN
Searching_Ut is offline  
Old 11-27-2018, 05:23 PM   #8
Senior Member
 
2Yung2 Quit's Avatar
 
Join Date: Sep 2011
Location: Bonsall, CA
Posts: 591
The good times don't last forever. I've seen it go up and down my whole life. Live within your means and save for the lean times.
__________________
Ram MegaCab 3500 Cummins, DRW, 4x4, pulling a 2018 35' Solitude, and loving it! Oh, and I did quit (retire) since I joined the forum.
2Yung2 Quit is online now  
Old 11-27-2018, 05:30 PM   #9
Senior Member
 
bluepill's Avatar
 
Join Date: Jan 2011
Location: Pensacola, FL
Posts: 2,446
The auto business is unstable by nature, even when buying trends are stable. Auto purchase expense is second only to housing, so those two sectors have the greatest sales swing as the economy goes from strong to weak. Add in the hard-to-predict shifts in market segment, and you have a formula for great instability.

I was in the field for most of my 45 year working career, and always stayed in the "Back End" (Parts and service) rather than the "Front end" (Sales), where the swings were much less violent.
__________________
2008 Itasca 37H
2011 & 2012 Len & Pat's "One lap of America"
27K miles & 41 states in 13 months
Yellowstone Lake 6-1-2012
bluepill is offline  
Old 11-27-2018, 05:30 PM   #10
Senior Member
 
baraff's Avatar
 
Winnebago Owners Club
Ford Super Duty Owner
Join Date: Sep 2010
Location: Chicagoland
Posts: 1,966
Yeah, pickups and giant SUVs are hot right now, just like they were before gas hit $4+ the last time. Gas will skyrocket again, people will ditch the guzzlers and small cars (and EVs) will dominate yet again. Seen it before, several times. Remember the Hummer?
__________________
Burns & Diane
2005 Winnebago Aspect 26A/2012 Subaru Impreza toad
Illinois! - Where the politicians make the license plates......
baraff is offline  
Old 11-27-2018, 05:39 PM   #11
Senior Member
 
powercat_ras's Avatar
 
Winnebago Owners Club
Solo Rvers Club
Join Date: May 2015
Posts: 1,323
It is possible to lose 20-30 % of money invested in stocks quickly as can be seen from the graph below. Over the long run historically stocks have the best total return. Since WW2 Stocks have beat all other investments over any 7 year period.

Personally I buy great US companies, including GM and Ford, and hold them. The dividend income is good. That said both have under-performed the overall stock market lately.

Sad to say that much of this is due to Ford, GM, and Chrysler taking good care of their retired workers, they both have much higher expense cost to provide the benefits they promised their workers who are now retired then their newer competitors making vehicles in the US like Mazda, Honda, Toyota, etc.


Attached Thumbnails
Click image for larger version

Name:	SP500_total_return.png
Views:	312
Size:	9.8 KB
ID:	227393  
__________________
Randy - Manhattan, Kansas
2015 Vista 27N
2016 Honda HR-V
powercat_ras is offline  
Old 11-27-2018, 05:57 PM   #12
Senior Member
 
Join Date: Apr 2015
Posts: 1,440
Unlike many, we have little debt. We are watching our neighbors use their homes like ATM's and refinancing to squeeze whatever equity they may have gained. If housing prices dip, here we go again.

Several new cars in the neighborhood in the last 2 years. The majority reflecting the trend of trucks and large SUVs.
__________________
2014 Raptor 300MP, 2014 Cowboy Cadillac - Ram 3500 Crew Cab Long Bed Longhorn 6.7 Cummins Turbo Diesel DRW 4.10 Rear End, 5588 Payload, Firestone Airbags, Curt Q20, TST507
raineman is offline  
Old 11-27-2018, 05:59 PM   #13
Senior Member
 
Join Date: Apr 2005
Posts: 995
Quote:
Originally Posted by wildtoad View Post
They can make as many small electric only cars that they want, but until they have the very rapid charging infrastructure to support them, they will be a niche market, or limited to urban usage. GM is doing exactly what they need to do by eliminating brands and body styles that are not selling, or profitable. Ford has already announced a similar plan to shutter all cars except two and focus on what people are buying. Iím not sure these actions are indicative of the economy in general, just the auto industry.
Hmmm. There are not a lot of small electric vehicles being made, at least not in the US. Which ones are you refferring to?

Most of the Electric vehicles being made in the US are medium or large and most of them are Teslaís. And Tesla has a pretty extensive and rapidly growing Supercharger network not to mention that the vast majority of charging is done at home (over 90 percent). I believe Tesla has the fastest selling sedan in the USA right now. I donít mean Electric sedan, I mean any sedan. Year over year growth of electrics is showing no signs of slowing anywhere in the world. I would think GM is wise in putting more research and resources into EVís. One of the reasons Cadillac sales are off is customers going to the Tesla model 3 or model S. Take a Cadillac for a drive and then take a Model 3 or S for a drive and itís pretty much a no brainer.

Right now GM is producing about 2100 EVís per month. Tesla is producing a 1000 per day and rising. . At some point somebody at GM has to take notice of that. The next 3 years will be interesting.
radar is online now  
Old 11-27-2018, 06:04 PM   #14
Senior Member
 
Join Date: Apr 2015
Posts: 1,440
Tesla will end up leasing their charge stations to GM and others.
__________________

__________________
2014 Raptor 300MP, 2014 Cowboy Cadillac - Ram 3500 Crew Cab Long Bed Longhorn 6.7 Cummins Turbo Diesel DRW 4.10 Rear End, 5588 Payload, Firestone Airbags, Curt Q20, TST507
raineman is offline  
Closed Thread



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
To Tip or not to tip winningteam Camping Locations, Plans & Trip Reports 22 10-31-2016 09:08 AM
Bug Removal Tip Ron-in-Tn Winnebago Industries Owner's Forum 3 02-11-2007 04:36 AM
Leveler block tip eandy iRV2.com General Discussion 1 07-24-2006 12:39 PM
Allison Trans tip HarveyP Monaco Owner's Forum 2 06-17-2006 04:20 AM
Upper Tip Insert Retro-Fit Kit KIT2943 hwybnb Workhorse and Chevrolet Chassis Motorhome Forum 10 03-31-2006 09:26 AM

» Featured Campgrounds

Reviews provided by


Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -6. The time now is 09:34 AM.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2019, vBulletin Solutions, Inc.
×