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FBN’s Jeff Flock talks with Ralph Conti of Bill Kay Chevrolet GM about the impact of the economy on auto sales.
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Also today it would -- following we're beginning more numbers out of vehicle sales month of July it's August 1 survey to light vehicle sales coming in they were strong overall but.
The big US automakers are actually getting left in the dust whatever in Jeff Flock right now on that's three -- -- -- can Chevrolet in Illinois with more Jeff.
-- speak and the stocks that are due into will GM and Ford in terms of the stock market but yet worldly guy in the trenches here this is Ralph -- he is a general manager bill K Ford.
Let's put the numbers up though first.
-- -- the holy crow -- Chevrolet by god.
Oh let's put the numbers up GM down 6% for the month for down 4% Chrysler.
Up thirteen but you know it's less than they BN.
They say -- -- that it was to do with fleet sales but you tell me this economy start to really worry you -- -- -- This is inconsistent sales basis sits atop one month this down on them the buyer you said it comes in now is not looking to upgrade he's looking to buy carcass he needs a -- -- -- card definitely more about -- is coming and 1012 -- cars mark.
1012 your cars coming in and trade you have to say we like sometimes get like 30000 miles really betrayed him know that -- not coming in anymore.
Take a look at the stocks -- guys if you take a look at Ford and GM stock both of them have really been languishing.
Ford was almost thirteen dollars a share earlier in the year now it's just above nine GM stock down below twenty.
It was 33 at that launch remember.
And that tell you one thing I'll leave you with and that's a full lot worth the cars.
You've got pretty good inventory out here I guess that's a good thing but they got to sell on the make money guys.
-- -- point but about shares of Ford and and also shares in General Motors while Jeff Flock.
Standing by with an update on what we have seen with really were some tough numbers for the automakers.
