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ATTENTION Car Buyers - Buy one, Get One Free in Miami

Miami : FL : USA | about 1 year ago  
Views: 1,362
  • Car buyer's market
    Car buyer's market
    In Miami, buy one, get one free car deal
  • Buyers' Market
    Buyers' Market
    Posted by: fadi669
    Comic by Paul Zanetti

Amidst U.S. car manufacturer worries, and the hundreds of car dealerships that have already closed in the United States, dealerships are offering creative incentives to buyers in order to sell cars. In Miami, that includes a Buy One, Get One Free campaign that seems almost too good to be true.

But with all the talk of an Automaker bailout in Washington, what seems to be ignored is the fact that the hit to auto makers is not just relegated to U.S. made cars. Honda, Toyota and Nissan profits have also dipped as sales have dropped by nearly 40%. That drop is not as large as the nearly 50% drop for American manufacturers, but it indicates that the problem is an economic shift, not something that requires a bailout at a time when everyone is being hit hard.

Those who have money to spare will see big buyer incentives and huge deals on cars, real estate and other goods as the economy reduces prices to levels that investors can use to scoop up assets that will, eventually, result in even more profits.

But until the middle class comes out of this economic slump with some money in the bank, it is likely that businesses will continue to decline, with many finding it impossible to keep their heads above water. As with any economic shift, these changes will open new avenues of revenue elsewhere, despite the warnings of apocalyptic proportions from car dealerships.

That may not be promising news for unskilled laborers who will be harmed the most by these slumps, but at least it is somewhat of a silver lining for the economy as a whole in years to come.

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  • News Source: Fox News | 12 months ago
    The White House says it has had constructive talks with congressional leaders on helping the ailing auto industry. Press secretary Dana Perino says automakers must show they are willing to make tough business decisions before they can get taxpayer...
  • News Source: CNN | 12 months ago
    Sykora, a third-generation car saleswoman who sells Big Three automobiles at dealerships in Slaton and Levelland, Texas, said she recently sat down with the superintendent of Slaton schools. "We started discussing what would happen if the dealerships...
  • News Source: Pittsburgh Post-Gazette | 12 months ago
    The $34 billion bailout package the Big Three automakers are requesting from Congress includes the elimination of several brands, the closing of dealerships and an enhanced emphasis on hybrids and electric cars. But industry observers caution that...
  • News Source: Washington Post | 12 months ago
    Companies offered zero-percent financing, "red tag" sales, employee-discount pricing and even buy-one-get-one-free pickup truck deals. Still, U.S. auto sales plunged to their lowest pace in 26 years. Overall, automakers sold 746,789 cars, trucks and...
  • News Source: Jang.com.pk | 12 months ago
    Car and truck makers around the world signalled fresh production cuts and job losses on Wednesday with some warning the slump in demand may extend until 2010. “It would be wrong to assume that this economic downturn is short-term in nature and will...
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  • Blog Source: www.breitbart.com
    Toward the end of the month, Ford also announced offers of employee pricing, zero-percent financing and cash incentives on a variety of its vehicles in a move to offset one of the worst sales declines in the industry's history. ...
  • Blog Source: www.huffingtonpost.com
    Why would Toyota have any incentive to hire more U.S. workers right now? They're not selling cars either, thanks to the credit crunch. I'm afraid I can't trust you to know what you're talking about. Reply Favorite Flag as abusive Posted ...
  • Blog Source: www.thetruthaboutcars.com
    In response to your challenge: Unless you can tell me how a bailout is going to get rid of the crushing debt burdens ($50 billion for GM alone), the excess brands and dealerships (GM alone will have to pay off the dealers of 5 or 6 ...
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  • Posted By GoGreen GoGreen | about 1 year ago
    Hi Roxanne, and thanks for this original report. I agree with your assessment, and as always, look forward to more news from you.
  • Posted By therestillis therestillis | about 1 year ago
    As I have read this article 3 times, I still don't understand the statement about economic shift that doesn't need a bailout. Perhaps you mean that the 3 big US Automakers don't need a bailout, however, you state later in the article how unskilled labor will be harmed, but there is a silver lining as a whole.

    There seems to be a mindset in this global economy that is hopefully shifting, but I think the current bailouts are still part of that mindset that I would compare to the educated in Nigeria that are producing scams in the millions.

    That mindset is that the investors with most of the money for investing seem to be only interested in investment that serves themselves and their like. Example the investment in Dubai. If the manufacturing jobs continue to disappear, the taxpayer will be become more invested in either the companies or the unemployed. Either way, the large amount of money that is available for investment won't trickle down to investing into the new skilled labor that has no job. The mindset of the investors will keep investing into economies that are with their peers.

    That mindset has been trickling down the same as the trickle down economic theroy. More crime, more blame, more anger, as people are losing their lifestyles. Change doesn't come easy and the silver lining may not be what is expected by so many.

    The silver lining may appear if our leadership educates and empowers a shift to saving the faith, hope, and abilities of the middle class or else the silver lining would be hope in welfare from the ones that received the bailout money.

    One silver lining is the possibility of small economies growing like the SLO FOOD movement. These economies shift profits from the large corporations to smaller communities directly and are economies that the new unemployed skilled labor can support and prosper.
  • Reply By onlinebusinesswoman onlinebusinesswoman | about 1 year ago
    GREAT comments! Yes, perhaps I wasn't as clear in my article as I meant to be. The silver lining I refer to is similar to what happened after the industrial revolution; although many were harmed by the shift in economic priorities, in the end, the change eventually created a more service-oriented economy. As a result, our populace is far more educated and there are more opportunities for equitable access to good jobs than ever before (well provided one has access to education).

    And so, in the 21st century, it appears the days of high-paying union jobs and for unskilled labor and trillion dollar salary CEOs are likely coming to an end. There is no question that this will harm many in the short-run, obviously some more than others, but my hope is that in the long run, new opportunities will arise that require more educated and skilled workers.

    In the end, I don't think an auto bailout is the answer, even though I recognize how it will impact the U.S. economy in the short-run. I feel as you do about shifting profits, but these efforts cannot be accomplished with revamping the free-wheeling laissez-faire government we've had the past eight years. And, I hesitate to say it, but it seems to me this type of effort will require quite a heavy federal government hand for a while, in order to find new ways of stabilizing the income potentials more equitably to all.

    I have to say, I don't envy Obama at all, in trying to find a solution that will work for a majority of individuals. It won't be easy, with so many wealthy interests lobbying to keep things as they are.
  • Reported by Roxanne Weber
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