Word: markets
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Dates: during 2000-2009
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...Read "London's Small-Stock-Market Blues...
...very low-priced new cars are added to the most depressed market in decades, it will create a nearly perfect way to destroy sales for The Big Three just as new models for 2010 are being introduced. It is hard enough to attract new buyers to the car showrooms without having an auctioneer from Sotheby's down the block taking rapid fire bids on Jeeps and Pontiacs. This will just increases the panic that car buyers feel about the reliability of their local dealers. In order to sell newer models, dealers will have to offer deep discounts and incentives...
...industry, and more particularly the American car industry, has always favored blunt force in building and marketing cars. Make V8-powered cars that get poor mileage and sell them to people who don't need heavy four-wheel drive cars. Make claims that no one builds a better car even if all of the industry research says otherwise. Market cars by having women in bikinis sitting on the hoods. Toyota never had Miss September sitting in one of its cars, at least not that the public ever knew...
...Chrysler will face a bloody competition with many of their own dealers this summer. Both will try to sell cars in the midst of an awful market. The closing dealers do not have much to lose by dumping their inventories and shutting their doors as fast as they can to save operating costs. The 2010 models may be lost in the shuffle of ridiculous deals to clear out 2009 editions. The dealers being closed may be going away, but in the process they will inflict real pain on the companies that shut them down...
...know things are getting weird when Britain's largest mass-market daily, the Sun, co-opts a regicidal 17th century republican who shut down Parliament at gunpoint as an avatar of democracy. But Oliver Cromwell's angry exhortation to MPs supplied the paper's front-page headline yesterday: "In the Name...