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Well today auto sales coming in showing signs of strength in September 4 sales up nearly 9% year over year in sales -- GM Chrysler Nissan.
All up more than 20% over last September joining us now let's break all the numbers -- camp director of auto industry analysis with auto Pacific an -- First I want to get to the latest numbers that we just got and that was born in the stock related nail on the numbers -- seem like big trucks.
We're successful for the company -- that was gonna get this company back it's yet dividend paying mud.
Even though we think -- -- for a General Motors.
Yes I'm sorry wanted to get to four with you I'm sorry have I had somebody might you're not sorry okay did not -- -- -- the -- mayors also does ask you about four we just got these numbers coming in.
At the top of the show and for you really I mean 9% when when you look at Chrysler when you look at GM.
Relief board a didn't really perform.
Like these other guys dead but but again the company has set in one of the executives said in the month of September.
That they -- that they're gonna be on track tape to pay a dividend again because they feel like the big.
Pick up trucks are the big yeah sales for them is -- the case.
Yet to a large degree Ford has had tremendous success in trucks.
Over the last couple of years the technology that's been going into the truck has been phenomenal.
We've we've seen these new F series pick up trucks getting.
Really groundbreaking fuel economy with some great really great technology it's resonating very very well with both Wii owners who are looking to save costs.
Operating cost but also with retail consumers -- really finding these trucks.
Not be very very easy to use get really good fuel economy and have also a lot of really great in vehicle technology that's very very exciting and in that area.
But -- the TVs in the GPS.
That the -- while dovish in his speech technology elephants are saying and individuals using force actually did a nice job on that.
Very nice I mean there in that in that sense they're they're definitely leagues ahead of of of Chrysler and General Motors in that regard for her.
Okay okay let me move over to something else -- watching today that is of course the Japanese auto makers another bid not some concern from US auto makers that they're gonna jump in stark.
With big incentives because they've got some catching up to do.
After the earthquake earlier this year in this in not yet but we're not only seen that yet do you think of the Japanese automakers are not -- make a move like this.
Well I think right now I mean even though right now the Japanese auto makers are just getting to just getting back to normal as far as production.
The inventories aren't quite there yet.
I'm suspecting that by later this month and it would show up in next month's sales.
We may start to see some signs of that but right now -- for example you look at.
-- I think the one Japanese auto maker that.
Did very well this month was Nissan they're.
Their sales were up significantly.
In the high 20% range -- -- member correctly.
But that's because Nissan's production is very very US dependence.
And more so than more so than that the most of the other Japanese auto makers.
So they -- -- that they perform quite well but I think next month.
As the inventories of the other Japanese auto -- rise we may start to see some of those incentives go up.
Ed before like I do wanna ask you about the UAW.
Reports -- that the UAW is close to making deals.
With -- obviously the union contracts are crucial.
To all of the Big Three where you think we are right now with this process.
Well so far it's looking like it's looking like the process of looking pretty collaborative.
The the deal between -- GM and the UAW seems have been received pre positively overall.
Word is that the UAW for negotiations are going fairly positively.
So hopefully it'll be a mutually -- beneficial situation -- everybody of course.
That's very very crucial to the big -- long term.
Health and survival.
At cam from on opposite against the damage just I about the vacation issues earlier on think that's good to see if thank.
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