Comments on: GM to Offer Employee Discount to Everyone http://www.outsidethebeltway.com/archives/gm_to_offer_employee_discount_to_everyone/ Online Journal of Politics and Foreign Affairs Wed, 25 Nov 2009 01:50:12 -0600 http://wordpress.org/?v=2.8.5 hourly 1 By: RYAN C http://www.outsidethebeltway.com/archives/gm_to_offer_employee_discount_to_everyone/comment-page-1/#comment-47744 RYAN C Thu, 02 Jun 2005 23:34:44 +0000 http://www.outsidethebeltway.com/archives/10797#comment-47744 I have been in the retail automotive business for 20 plus years and I have never seen a factory scramble so hard and fast as this---what happens to the used vehicle market now? The used 04 you have in your driveway is now worth $3500 less than it was yesterday and the in-equity that is also in the same driveway also increased. The retail customer can not afford to own a late model vehicle anymore. I have been in the retail automotive business for 20 plus years and I have never seen a factory scramble so hard and fast as this---what happens to the used vehicle market now? The used 04 you have in your driveway is now worth $3500 less than it was yesterday and the in-equity that is also in the same driveway also increased. The retail customer can not afford to own a late model vehicle anymore.

]]> By: FredW http://www.outsidethebeltway.com/archives/gm_to_offer_employee_discount_to_everyone/comment-page-1/#comment-47698 FredW Thu, 02 Jun 2005 16:59:35 +0000 http://www.outsidethebeltway.com/archives/10797#comment-47698 I would guess the $7000-$8000 number comes from a fully loaded top of the line Cadilac or Hummer. The markup and cars that most people buy is decidedly less. In fact, for many dealers (don't know GM as well as others) the service dept is the main breadwinner. I would guess the $7000-$8000 number comes from a fully loaded top of the line Cadilac or Hummer. The markup and cars that most people buy is decidedly less. In fact, for many dealers (don't know GM as well as others) the service dept is the main breadwinner.

]]> By: JACK ARMY http://www.outsidethebeltway.com/archives/gm_to_offer_employee_discount_to_everyone/comment-page-1/#comment-47691 JACK ARMY Thu, 02 Jun 2005 16:29:02 +0000 http://www.outsidethebeltway.com/archives/10797#comment-47691 I think this discounting is less of a slap in the face than a bunch of pink slips will be. I do agree with you that the huge mark-ups are about to be reduced for a long period of time. I think this discounting is less of a slap in the face than a bunch of pink slips will be.

I do agree with you that the huge mark-ups are about to be reduced for a long period of time.

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