89 ordspråk av Paul Ballew

Paul Ballew

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We're still trying to rebuild inventory. We're not anticipating a great September. September will be a challenge and we will have to make do with very lean inventories.

Given all the alternatives that are out there, given the uncertainty on gas prices, given some image factors, we think it's appropriate to plan in a more conservative manner.

The bottom line for us is the utility market remains the largest category in the industry. We are anticipating we will maintain our share of a stable market that is still very profitable.

We are breaking all new ground, certainly with regard to fuel economy and safety.

I would describe it as a pretty solid year for the industry and one that is above our expectations that we had at the beginning part of the year.

That is somewhat below what we were anticipating.

This is the first and most important market for any vehicle manufacturer. It's not our plan to cede market share in the U.S. market.

What's important for us is to focus on stabilizing the retail part of our business, take advantage of new products, continue to build our brands and be competitive.

We look at this every which way and we really cannot find evidence of some seismic change in consumer behavior,

We expect pressures to remain for the present. We're not kidding ourselves, ... As we look at the current near-term outlook there's sluggishness out there. However, the long-term picture is not entirely negative. The fundamentals for economy remain very positive for the industry as a whole.

Anytime you're looking at the prospect for a soft landing, there's going to be uncertainty and risks, ... If what we're talking about is a prelude to an economic downturn, the industry will suffer over a two-to-three-year time. But the economy has shown a high degree of resiliency.

It appears the industry is running at a very strong rate, ... It's a very slight step down from the very blistering start we started the year with, but it's still a strong pace. There are legitimately headwinds, like higher energy prices and a general slowing of the economy. But we caution against overreacting to the headwinds.

The operative word is we remain cautiously optimistic, ... There are risks. Head winds are clearly present. We are seeing slower growth and seeing some erosion in consumer confidence. But we want to stress, as we look at November and December, we should not overreact to those factors.

We didn't see this so-called 'CNN effect,' ... We looked long and hard for it, but it was tough to quantify. It's probably only affecting sales on the margin. For the year it'll probably end up taking a little wind out of our sails.

Certainly we did not see the surge we saw ...back in October of '01 or ...last July, ... But despite the ebbs and flows, we're going to wrap up this month pretty much as we thought it would play. And we're seeing mix continue to richen.

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