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	<title>Comments on: Auto Sales: Worse and Worser</title>
	<atom:link href="http://www.ritholtz.com/blog/2009/06/auto-sales-worse-and-worser/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.ritholtz.com/blog/2009/06/auto-sales-worse-and-worser/</link>
	<description>Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media</description>
	<lastBuildDate>Sat, 21 Nov 2009 19:59:24 -0500</lastBuildDate>
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		<title>By: The Pool Room–Week Ending Friday 5th June 2009 &#124; Steve Keen's Debtwatch</title>
		<link>http://www.ritholtz.com/blog/2009/06/auto-sales-worse-and-worser/comment-page-2/#comment-179554</link>
		<dc:creator>The Pool Room–Week Ending Friday 5th June 2009 &#124; Steve Keen's Debtwatch</dc:creator>
		<pubDate>Fri, 05 Jun 2009 09:17:53 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=28102#comment-179554</guid>
		<description>[...] US Auto Sales: Worse and Worser, The Big Picture, 3 Jun Look at the data in the link above and then look at this headline courtesy of the SMH: “US Car Sales Stabilise”. It contains such gems as: “Total US car sales were down 33.7 per cent at 925,824 vehicles compared with May 2008&#8230;  but carmakers took comfort in the fact that the seasonally adjusted annualised rate of 9.91 million was the industry&#8217;s best performance this year.” Similar delusions led to the demise of the US car industry. [...]</description>
		<content:encoded><![CDATA[<p>[...] US Auto Sales: Worse and Worser, The Big Picture, 3 Jun Look at the data in the link above and then look at this headline courtesy of the SMH: “US Car Sales Stabilise”. It contains such gems as: “Total US car sales were down 33.7 per cent at 925,824 vehicles compared with May 2008&#8230;  but carmakers took comfort in the fact that the seasonally adjusted annualised rate of 9.91 million was the industry&#8217;s best performance this year.” Similar delusions led to the demise of the US car industry. [...]</p>
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		<title>By: Cortera Blog &#187; Blog Archive</title>
		<link>http://www.ritholtz.com/blog/2009/06/auto-sales-worse-and-worser/comment-page-2/#comment-179360</link>
		<dc:creator>Cortera Blog &#187; Blog Archive</dc:creator>
		<pubDate>Thu, 04 Jun 2009 20:03:29 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=28102#comment-179360</guid>
		<description>[...] are experiencing.  Yesterday, one of my coworkers walked into my office with a really interesting blog post on the current reported sales figures for new cars.   (By the way- if you don’t read Barry [...]</description>
		<content:encoded><![CDATA[<p>[...] are experiencing.  Yesterday, one of my coworkers walked into my office with a really interesting blog post on the current reported sales figures for new cars.   (By the way- if you don’t read Barry [...]</p>
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		<title>By: Whammer</title>
		<link>http://www.ritholtz.com/blog/2009/06/auto-sales-worse-and-worser/comment-page-2/#comment-178987</link>
		<dc:creator>Whammer</dc:creator>
		<pubDate>Wed, 03 Jun 2009 17:01:56 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=28102#comment-178987</guid>
		<description>@ahab, I understand.  What I&#039;m saying is that the SUVs and the minivans are not counted in the calculation, they are considered &quot;Light trucks&quot;, not cars.  So, by themselves, the higher mileage standards don&#039;t force GM to build little cars to offset Hummers.

I was oversimplifying it, however, once I looked it up:

http://en.wikipedia.org/wiki/Corporate_Average_Fuel_Economy

It is when you read stuff like this that you say &quot;screw it, just tax gas and get it over with&quot;.  However, that is certainly a less politically palatable approach.</description>
		<content:encoded><![CDATA[<p>@ahab, I understand.  What I&#8217;m saying is that the SUVs and the minivans are not counted in the calculation, they are considered &#8220;Light trucks&#8221;, not cars.  So, by themselves, the higher mileage standards don&#8217;t force GM to build little cars to offset Hummers.</p>
<p>I was oversimplifying it, however, once I looked it up:</p>
<p><a href="http://en.wikipedia.org/wiki/Corporate_Average_Fuel_Economy" rel="nofollow">http://en.wikipedia.org/wiki/Corporate_Average_Fuel_Economy</a></p>
<p>It is when you read stuff like this that you say &#8220;screw it, just tax gas and get it over with&#8221;.  However, that is certainly a less politically palatable approach.</p>
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		<title>By: riverrat</title>
		<link>http://www.ritholtz.com/blog/2009/06/auto-sales-worse-and-worser/comment-page-2/#comment-178942</link>
		<dc:creator>riverrat</dc:creator>
		<pubDate>Wed, 03 Jun 2009 14:05:07 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=28102#comment-178942</guid>
		<description>SUVs are an indirect result of lower fuel efficiency and emission standards imposed on vehicles with truck platforms, on the assumption that trucks were largely work vehicles.  Automakers exploited this loophole to make passenger vehicles on truck platforms and marketing the SUV &quot;lifestyle&quot;, pushing SUV type vehicles from being niche vehicles into the mainstream.  Bush and the Republican Congress added to this incentive to market gas guzzler SUVs early in this decade by granting quicker write-offs to SUV owners.

We value safety first, versatility (, passenger and gear capacity, and capability in all weather and rough roads) second, fuel economy third.  I&#039;ve owned two 4-cylinder 4runners that get around 20-22 mpg- a 1988 and a 2000 model I bought just last summer.  The latter was built in the last year that Toyota offered a 4-cylinder 5 speed 4runner.  Both vehicles are technically &quot;SUVs&quot; but they are far from a V-8 Escalade or V-10 Excursion.  But what I really wish I could buy is a 4runner with a small diesel and run it on biodiesel.  I&#039;ve seen 4runners retrofitted with diesels that get 35 mpg and still have decent power.  Unfortunately, Toyota perceives that Americans value power above all and keep cramming larger motors into the 4runner.  They also, unfortunately, keep making their trucks bigger after inventing and dominating the small truck niche.

RE taxing children- I agree, but how about starting the tax at the 3rd kid?  After all, a couple who has two children just replaces themselves, so no population growth would ensue if everyone did that...</description>
		<content:encoded><![CDATA[<p>SUVs are an indirect result of lower fuel efficiency and emission standards imposed on vehicles with truck platforms, on the assumption that trucks were largely work vehicles.  Automakers exploited this loophole to make passenger vehicles on truck platforms and marketing the SUV &#8220;lifestyle&#8221;, pushing SUV type vehicles from being niche vehicles into the mainstream.  Bush and the Republican Congress added to this incentive to market gas guzzler SUVs early in this decade by granting quicker write-offs to SUV owners.</p>
<p>We value safety first, versatility (, passenger and gear capacity, and capability in all weather and rough roads) second, fuel economy third.  I&#8217;ve owned two 4-cylinder 4runners that get around 20-22 mpg- a 1988 and a 2000 model I bought just last summer.  The latter was built in the last year that Toyota offered a 4-cylinder 5 speed 4runner.  Both vehicles are technically &#8220;SUVs&#8221; but they are far from a V-8 Escalade or V-10 Excursion.  But what I really wish I could buy is a 4runner with a small diesel and run it on biodiesel.  I&#8217;ve seen 4runners retrofitted with diesels that get 35 mpg and still have decent power.  Unfortunately, Toyota perceives that Americans value power above all and keep cramming larger motors into the 4runner.  They also, unfortunately, keep making their trucks bigger after inventing and dominating the small truck niche.</p>
<p>RE taxing children- I agree, but how about starting the tax at the 3rd kid?  After all, a couple who has two children just replaces themselves, so no population growth would ensue if everyone did that&#8230;</p>
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		<title>By: call me ahab</title>
		<link>http://www.ritholtz.com/blog/2009/06/auto-sales-worse-and-worser/comment-page-2/#comment-178917</link>
		<dc:creator>call me ahab</dc:creator>
		<pubDate>Wed, 03 Jun 2009 12:09:28 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=28102#comment-178917</guid>
		<description>Whammer-

to set the record straight-  the CAFE standards are set on the complete product mix so that the entire fleet of cars offered by a manufacturer meets the minimum CAFE standard- as a whole

in other words, you had to have smaller cars in the mix to bring the average CAFE standard up to the minimum set by congress-

Andy&#039;s point is a simple one-  if there are no CAFE standards- then car manufacturers can concentrate on what they make best-  it is up to the American people to make a decision as to what they buy-  obviously if gas prices are expensive people will gravitate towards more fuel  efficient cars

bitplayer-

dude- the planet will make it with or without us- we are not going to &quot;save &quot; the world- it is indifferent to our survival as a species and will be here long after we&#039;re gone- life is a one way ticket- enjoy it while you are here- learn to surf and snowboard- hike- backpack Europe or China- check out Yosemite or the Grand Tetons- go fly fishing in Yellowstone-  don&#039;t miss out-  this is your one chance- enjoy it while you are here- and get a used car so you get where you need to go-  I have a used 9 year old 4Runner- works pretty good</description>
		<content:encoded><![CDATA[<p>Whammer-</p>
<p>to set the record straight-  the CAFE standards are set on the complete product mix so that the entire fleet of cars offered by a manufacturer meets the minimum CAFE standard- as a whole</p>
<p>in other words, you had to have smaller cars in the mix to bring the average CAFE standard up to the minimum set by congress-</p>
<p>Andy&#8217;s point is a simple one-  if there are no CAFE standards- then car manufacturers can concentrate on what they make best-  it is up to the American people to make a decision as to what they buy-  obviously if gas prices are expensive people will gravitate towards more fuel  efficient cars</p>
<p>bitplayer-</p>
<p>dude- the planet will make it with or without us- we are not going to &#8220;save &#8221; the world- it is indifferent to our survival as a species and will be here long after we&#8217;re gone- life is a one way ticket- enjoy it while you are here- learn to surf and snowboard- hike- backpack Europe or China- check out Yosemite or the Grand Tetons- go fly fishing in Yellowstone-  don&#8217;t miss out-  this is your one chance- enjoy it while you are here- and get a used car so you get where you need to go-  I have a used 9 year old 4Runner- works pretty good</p>
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		<title>By: Autoabsatz USA im Mai auf niedrigem Niveau stabil, leicht positive Zeichen am Immobilienmarkt&#160;&#8226;&#160;Börsennotizbuch</title>
		<link>http://www.ritholtz.com/blog/2009/06/auto-sales-worse-and-worser/comment-page-2/#comment-178901</link>
		<dc:creator>Autoabsatz USA im Mai auf niedrigem Niveau stabil, leicht positive Zeichen am Immobilienmarkt&#160;&#8226;&#160;Börsennotizbuch</dc:creator>
		<pubDate>Wed, 03 Jun 2009 10:01:04 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=28102#comment-178901</guid>
		<description>[...] Autoabsatz USA &#8212; Jahresrate im Mai auf 9,9 Mio. Einheiten gestiegen (April: 9,31 Mio.):  Die Zahlen liegen leicht &#252;ber den Erwartungen und geben ein positives Signal hinsichtlich der Konsumentwicklung (Einzelhandelsums&#228;tze kommen n&#228;chste Woche). Allerdings kann es sich hier lediglich um eine Stabilisierung nach dem heftigen Absturz in den Monaten zuvor handeln &#8212; die Jahresrate lag in den letzten 10 Jahren stets &#252;ber 15 Mio. Einheiten (&#220;bersicht Autoabsatz USA, WSJ). Die US-Marken haben sich dabei besser geschlagen als etwa die Konkurrenz aus Japan oder Deutschland (The Big Picture). [...]</description>
		<content:encoded><![CDATA[<p>[...] Autoabsatz USA &#8212; Jahresrate im Mai auf 9,9 Mio. Einheiten gestiegen (April: 9,31 Mio.):  Die Zahlen liegen leicht &#252;ber den Erwartungen und geben ein positives Signal hinsichtlich der Konsumentwicklung (Einzelhandelsums&#228;tze kommen n&#228;chste Woche). Allerdings kann es sich hier lediglich um eine Stabilisierung nach dem heftigen Absturz in den Monaten zuvor handeln &#8212; die Jahresrate lag in den letzten 10 Jahren stets &#252;ber 15 Mio. Einheiten (&#220;bersicht Autoabsatz USA, WSJ). Die US-Marken haben sich dabei besser geschlagen als etwa die Konkurrenz aus Japan oder Deutschland (The Big Picture). [...]</p>
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		<title>By: Whammer</title>
		<link>http://www.ritholtz.com/blog/2009/06/auto-sales-worse-and-worser/comment-page-2/#comment-178880</link>
		<dc:creator>Whammer</dc:creator>
		<pubDate>Wed, 03 Jun 2009 03:32:32 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=28102#comment-178880</guid>
		<description>@Andy T, 

Sorry, gotta disagree with you on the CAFE standards this time.  The &quot;big shit&quot; was exempted from the CAFE standards, because the SUVs and other stuff got classified as small trucks -- lobbyists at work.

I would actually argue that the CAFE standards in the &#039;70s helped saved US automakers when the Japanese were beginning to kick their butts.  Reasonable people could disagree with that, since in the short run it led to the Pinto, the Vega, the Chevette, pick your poison..........

That said, I generally agree with the concept of using a tax to achieve the goal of decreasing fossil fuel consumption -- we did ourselves a tremendous disservice by not slapping a $0.50/gallon tax on gas in 1990 or so, with a ratchet of 10 cents a year for the next ten years.</description>
		<content:encoded><![CDATA[<p>@Andy T, </p>
<p>Sorry, gotta disagree with you on the CAFE standards this time.  The &#8220;big shit&#8221; was exempted from the CAFE standards, because the SUVs and other stuff got classified as small trucks &#8212; lobbyists at work.</p>
<p>I would actually argue that the CAFE standards in the &#8217;70s helped saved US automakers when the Japanese were beginning to kick their butts.  Reasonable people could disagree with that, since in the short run it led to the Pinto, the Vega, the Chevette, pick your poison&#8230;&#8230;&#8230;.</p>
<p>That said, I generally agree with the concept of using a tax to achieve the goal of decreasing fossil fuel consumption &#8212; we did ourselves a tremendous disservice by not slapping a $0.50/gallon tax on gas in 1990 or so, with a ratchet of 10 cents a year for the next ten years.</p>
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		<title>By: bitplayer</title>
		<link>http://www.ritholtz.com/blog/2009/06/auto-sales-worse-and-worser/comment-page-1/#comment-178878</link>
		<dc:creator>bitplayer</dc:creator>
		<pubDate>Wed, 03 Jun 2009 03:27:57 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=28102#comment-178878</guid>
		<description>OK, I&#039;ll pet my &quot;fucking goldfish.&quot;  Why don&#039;t you go hunt an endangered whale?</description>
		<content:encoded><![CDATA[<p>OK, I&#8217;ll pet my &#8220;fucking goldfish.&#8221;  Why don&#8217;t you go hunt an endangered whale?</p>
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		<title>By: call me ahab</title>
		<link>http://www.ritholtz.com/blog/2009/06/auto-sales-worse-and-worser/comment-page-1/#comment-178870</link>
		<dc:creator>call me ahab</dc:creator>
		<pubDate>Wed, 03 Jun 2009 03:10:23 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=28102#comment-178870</guid>
		<description>wunsacon-

sorry dude-  I&#039;m with you- I am only trying to enlighten folks that my 9 year old 4runner works for me- quite practical-

shouldn&#039;t cause angst in folks-

and hey the kids- well they were always a surprise to me- never a one planned- by me anyway</description>
		<content:encoded><![CDATA[<p>wunsacon-</p>
<p>sorry dude-  I&#8217;m with you- I am only trying to enlighten folks that my 9 year old 4runner works for me- quite practical-</p>
<p>shouldn&#8217;t cause angst in folks-</p>
<p>and hey the kids- well they were always a surprise to me- never a one planned- by me anyway</p>
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		<title>By: wunsacon</title>
		<link>http://www.ritholtz.com/blog/2009/06/auto-sales-worse-and-worser/comment-page-1/#comment-178869</link>
		<dc:creator>wunsacon</dc:creator>
		<pubDate>Wed, 03 Jun 2009 03:01:31 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=28102#comment-178869</guid>
		<description>call me ahab,

I also think bitplayer was trying to amuse...</description>
		<content:encoded><![CDATA[<p>call me ahab,</p>
<p>I also think bitplayer was trying to amuse&#8230;</p>
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