If anything GM is going backwards as far as product. They announced that they will be getting out of the medium duty truck market which was one of their biggest profit margin vehicles. Ford has pretty much put them out of business in that arena. They just can't compete. Camaro is pretty much the only bright spot in their lineup. The rest of their product is almost unchanged under the skin with the
exception of one hybrid model.
I met with the owner of my store which is a Ford store yesterday for about four hours and he also owns a GM franchise. He kind of has the inside scoop on what is really happening with GM and he told me some interesting things. I can't share it all but what I can tell you is that GM sent out a letter to all of their franchises that basically said sign this letter or you will be forced to shut you doors on Friday. This Friday. The letter was very onesided towards GM of course. Saying things like you cannot sue us but we will be allowed to sue you. Everything was in GM's favor basically taking away almost all power the owner has within his franchise. If you did not recieve this letter you got the wind down letter saying we're shutting you down, on Friday. If you're a stand alone Cadillac dealership that is not next door to a BMW, Lexus or Mercedes dealership, you are done. Close your doors. If you don't return this letter by Friday to GM you are done, close your doors, your new cars are now used, your parts are yours, your warranty claims are yours and you will get no support from us at all. This has never happened in the history of the car business. Starting Monday for those who agreed to sign the onesided letter there will be a restructuring of stores and GM will decide which stores they want to keep open and which stores they want to shut down. So, it should be a pretty interesting next couple of weeks to see which stores survive and which stores shut their doors. There will be major changes for the stores that survive in the way that they are ran and that's really all I can say about that.
It's the end of the world as we know it!
Big Papa D