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Thread: SIRI Intraday Updates for the Week of 1/05/2009

  1. #21
    Demian is offline
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    =DJ Auto Makers' US Sales Fall One-Third, Capping Woeful 2008

    .
    DOW JONES NEWSWIRES
    Ford Motor Co. (F) posted a 32% drop in U.S. light-vehicle sales for December while Toyota Motor Co. (TM) reported a 37% drop and Honda Motor Co. (HMC) had a 35% decline, closing out the auto industry's worst year in more than 15 years and ahead of was it expected to be an even weaker 2009. The grim numbers underscore how matters went from bad to worse in 2008 for auto makers as jittery consumers stayed out of showrooms. As sales plunged, the Detroit Three - Ford, General Motors Corp. (GM) and Chrysler LLC - had to ask Congress for government loans to avert financial disaster. Washington agreed to a $17.4 billion loan package for GM and Chrysler under the Treasury's Troubled Asset Relief Program. (Ford has since said it doesn't currently need government loans.) But the entire industry, including Japan's Toyota and Honda, is now reeling from the spiraling effects of the U.S. housing crisis, tight credit and worries about a lengthy recession. Ford, however, took an optimistic view of December's results, noting that its December market share rose to 14.6%, up 0.7 pecentage point from a year ago - the first time since 1997 it had achieved a market share increase for three straight months. "This is a strong ending to...a very challenging year," said marketing chief Jim Farley. Ford projected a fourth-quarter 15% market share for Ford, Lincoln and Mercury - beating the year-ago figure for the first time since 2001, it said. Ford, the No. 3 U.S. auto maker by sales behind GM and Toyota, said it sold 138,325 light vehicles in December, compared with 204,446 a year earlier. There were 26 selling days in December, the same as a year earlier. Retail sales for the Ford, Lincoln and Mercury brands fell 27%. Improving retail sales is central to Ford's restructuring plan as the company cuts back fleet sales to focus on higher-margin sales to dealerships. Fleet sales fell 42%, including a 57% decline in daily rental sales. For 2008, Ford's sales fell 21% to 1.98 million vehicles. Ford, Lincoln and Mercury retail sales fell 22%, with fleet sales down 17%, including a 22% reduction in daily rental sales. The trio's car sales fell 26% to 43,087 in December, while truck and van sales fell 30% to 54,295 amid a 25% drop for the F-series pickup. SUV sales slumped 52%. Sales of the Edge "crossover" vehicle - designed to look and function like an SUV but boasting modestly better fuel economy - fell 57%. The Focus, once a hot-selling small car, saw a 17% decrease. At Toyota, sales fell to 141,949, with similar declines recorded among cars, trucks and SUVs. The company's decline for the year was 16% to 2.22 million. Meanwhile, Honda's sales totaled 86,085 for the month. For 2008, sales fell to 1.42 million from 1.55 million. GM and Chrysler will report their December sales figures later this afternoon. In recent trading, Ford shares were up 4.1% at $2.56 while Honda dropped 1.3% to $21.53 and Toyota fell 16 cents to $66.21.
    -By Mike Barris, Dow Jones Newswires; 201-938-5658;

  2. #22
    Demian is offline
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    GM #'s are out - down 31.2%.....
    Last edited by Demian; 01-05-2009 at 02:49 PM.

  3. #23
    SiriusXM - Jason is offline
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    seems to me like the auto numbers could've been worse. A year ago I remember Mel throwing out facts and figures about future growth and touted that even in a worse case scenario of 12M sales/yr, Sirius will still have nice growth. Edmunds is saying we'll be at 13M for 2008. Works for me given the year we've been through.

  4. #24
    Demian is offline
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    The street was expecting the GM #'s to be down near 40% so they were better than expected...

  5. #25
    trippingthespeculatingpos is offline
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    Quote Originally Posted by Greenland View Post
    all 8 of my stocks are in the green ? what's the story morning glory ?
    same here, lovin it

  6. #26
    SteveSirius is offline
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    But, I can't see in this economic environment a car company adding on an extra charge for a longer term radio service. So, if either Sirius XM and/or the OEMs figured it would be to the benefit of one or both of them, I can see it. If (and I have not got any knowledge of this) it is, however, more to the benefit of Sirius XM or any particular car manufacturer to provide this extended service, it is possible that money changes hands in one direction or the other to make the benefit more equal.

    Actually, until and if we have some actual knowledge of the financing of this added service (if in fact it will exist), all of us are just offering opinions as to how this is handled. Still, all thoughts on this are certainly welcome.

  7. #27
    Demian is offline
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    Chrysler #'s just came out - down worst than expected......

    Down 53%....ouch!

  8. #28
    trippingthespeculatingpos is offline
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    i thought i heard on cnbc that the dealer picks up the tab, a 3 month free subscription is like what 40 bucks? not hard to hide that in a $20,000 vehicle, in life nothing is really free.

  9. #29
    winagain35 is offline
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    All of the OEM contracts are different. GM subs are particularly costly to the company as I believe GM gets somewhere in the range of 5 bucks/month per sub.

  10. #30
    Demian is offline
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    SIRI closed up 7.54% @ .1312 on volume of about 37 million with the market red...

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