Our thought process is that this is truly the pause that refreshes. We expect to see improvement in the spring, ... Inventories are a bit higher than we'd like, but that doesn't mean we're treating it as a crisis. |
Overall share is going to be tough for us this year. |
remains well positioned to dominate the market even at reduced volumes. |
September will be a challenge. |
That is somewhat below what we were anticipating. |
The (light truck) market is still important, the market is vital for us, |
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. |
The industry had a very good month in May and we believe GM will actually outperform the industry, ... We expect to maintain that momentum as we head into the back half of the year. |
The market below $12,500 is almost a million units. It's too big to ignore. We think long term that market will shrink a little further. It may be only a half-million units at some point. But with our global position and product, it's a half-million-unit market we can go after. |
The marketing program is not breaking the bank, contrary to other reports today, |
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. |
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. |
There are a series of factors affecting categories of the business. We have to take all those factors into account. |
There is legitimate pressure on some utility categories. |
This is not where we want to be, but we knew it would be a very challenging start to the year. We need to pickup our sales pace going forward. |