GM and Ford to Halt Production

[cdnSpinalTap]

Sorry to anybody that has an order or build in the works...

 

https://www.cnn.com/2020/03/18/business/gm-ford-automakers-us-shut-down/index.html

 

 

[mkeddie]

Sorry to anybody that has an order or build in the works...
 
https://www.cnn.com/2020/03/18/business/gm-ford-automakers-us-shut-down/index.html
 
 

Ddddddddaaaaaammmmmmiiiiitttttt
I saw this coming but was hoping it didn't


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[KevinO]

I'm sooooooo happy I finally got mine back yesterday (after 3 months) and not waiting for parts anymore.. This viral bug gotta go...

 

[KCJackson1]

FCA as well:

https://www.autonews.com/automakers-suppliers/detroit-3-begin-idle-north-american-plants

[mkeddie]

https://gmauthority.com/blog/2020/03/general-motors-ford-and-fca-to-curtail-production-output-due-to-pandemic/

Says slowdown not shutdown
Still gonna hurt tpw but I feel alittle better now

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[XY74]

Unfortunately, they rethought plan A and decided to shut it all down.  Going to be a lot of ripple effects from that move alone.  Hope it's all worth it.

[Truckchauffeur]

Anyone know if trucks that are already built will be shipped to the dealers?

 

[cdnSpinalTap]

2 hours ago, Truckchauffeur said:

Anyone know if trucks that are already built will be shipped to the dealers?

 

No idea, but I suspect the dealers would be chomping at the bit to get them to maintain some sort of cash flow.  At this point I would not mind if mine were built, but being held somewhere until this all blows over.  I think holding cash close at hand is a smart thing to do these days.

[Sniperdan]

8 hours ago, cdnSpinalTap said:

No idea, but I suspect the dealers would be chomping at the bit to get them to maintain some sort of cash flow.  At this point I would not mind if mine were built, but being held somewhere until this all blows over.  I think holding cash close at hand is a smart thing to do these days.

I was thinking the same thing.  Even if my truck showed up tomorrow, I am not convinced it would be the wisest choice to go get it. 

[cdnSpinalTap]

10 hours ago, Sniperdan said:

I was thinking the same thing.  Even if my truck showed up tomorrow, I am not convinced it would be the wisest choice to go get it. 

Yeah, I am definitely starting to bend that way as well.  Although...I would rather it was sitting in my nice warm garage out of the snow and sun than at the dealer.  I guess we will cross that bridge when we get there.

[KCJackson1]

Last night, Pennsylvania ordered all dealerships to close their sales departments at 8pm March 19 until further notice.  Service/Parts/Body can remain in operation.

https://www.paa.org/coronavirus#comp-k7qcmjzjlink

[cdnSpinalTap]

I'm assuming our dealer will be closed soon.  In the meantime, they sent this out:

 

We understand your concerns regarding the uncertainty we are all in. To help alleviate some worries you may have, we have several solutions we are offering our community;


1.  Up to $5,000 cash back on a new car loans with interest as low as 0% O.A.C

2.  6 Month Deferral Program (Payments to start September 2020)

3.  Combining 2 household car loans into 1. Subsequently, we can combine 2 cars to 1

4.  Work with you to lower your current payments on your vehicle

5.  Peak vehicle values on your Cars and Trucks due to the recent changes in exchange rates

6.  0% financing available on Service, Parts and Body Shop Repair work to keep our community moving. O.A.C.

[Dunn]

wow they are still playing hardball here in so cal but I assume this will go nationwide

pretty good time to refi than I suppose if you can better the terms?

 

so they are saying they are buying trades at peak values?

[cdnSpinalTap]

8 hours ago, Dunn said:

wow they are still playing hardball here in so cal but I assume this will go nationwide

pretty good time to refi than I suppose if you can better the terms?

 

so they are saying they are buying trades at peak values?

This is in Canada, specifically Calgary, where we have been hit hard by the pandemic and the drop in oil prices.  There are a ton of programs being introduced from all sorts of companies here. 
 

In terms of the trade ins, a lot of our trades end up going to the US, and given our dollar has dropped so much, we can get a bit of a premium. 

[Z45]

On 3/19/2020 at 11:03 AM, Truckchauffeur said:

Anyone know if trucks that are already built will be shipped to the dealers?

 

That should not be impacted as its not GM handling that.  I heard on another forum a worker at the Flint truck plant said he was laid off the past Friday. So no HD trucks being built till ?.