tag:blogger.com,1999:blog-998936422915177299.post7222117790640167539..comments2024-03-18T13:17:32.874-05:00Comments on Rensselaer Adventures: Dodging the bulletDessert Survivorhttp://www.blogger.com/profile/04616064444288249273noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-998936422915177299.post-23276045687264646782009-05-18T10:08:00.000-05:002009-05-18T10:08:00.000-05:00What the media doesn't tell you is that Toyota and...What the media doesn't tell you is that Toyota and Honda have both been sucking on their government's teat for some time now. And, Toyota, which had about $98 billion in cash only last year, is now on par with Ford with about $18-19 billion on hand. (Where are all the doom and gloom headlines covering this?)<br /><br />Our recent Honda dealership went bankrupt but was bought out by a larger regional dealer that has many dealerships around the state selling most major auto brands.<br /><br />Now is not a good time for any automaker to be opening new dealerships as all have been drastically reducing production to meet the slowing demand. The difference between the imports and Ford versus GM and Chrysler is that GM and Chrysler's strategy was to produce their way to profitability but duh, that just led to an over abundance of product and dwindling demand. It doesn't take an economist to see that that was a bad move!<br /><br />At least Rensselaer still has a new car dealership. The town I went to college in, which is over twice the size of Rensselaer, has lost their new dealerships this past year and now has none.The DIYerhttps://www.blogger.com/profile/17408234673085475099noreply@blogger.com