Last year was a terrifically strong month, so it was a difficult comparison. Secondly, a lot of the pent up demand, created by the recession, has been satisfied at this point in the economy's expansion.
More Quotes from John Casesa:
It looks increasingly likely to us that GM will effect some kind of a transaction that will separate these two businesses. These two companies will be worth more apart than they are together.John Casesa
GM's sales have declined year-over-year in nine of the last 12 months, saved only by the employee pricing campaign this summer.
John Casesa
The pressure on GM management is greater than ever ... to adopt a more aggressive turnaround strategy.
John Casesa
The plan was in-line with our expectations and is only the beginning of a long restructuring process.
John Casesa
We expect the truck mix to gradually improve through the remainder of the year, but fleet sales will likely recover, offsetting some of the mix benefits.
John Casesa
It's a very deep concern in the near term because there's no question it will be a deterrent to U.S. investors. He was highly respected by institutional investors in the United States.
John Casesa
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