George Pipas
George Pipas
lack levels support term
With these levels of inventories, we probably need to replenish inventories to a level that will support a - for lack of a better term - 'normal' level of sales,
light marching shift towards trucks
The shift towards light trucks is marching on.
behind month tend
Things tend to normalize, and we've got another month behind us now.
attention buzz line model talking
There will be some attention and buzz on '04 F-150, ... But they won't be talking about '04 model line for other vehicles.
board cars coming data despite economic effect good incentives lower reason sold spring using
Probably the reason why '03 was lower than '02, and the reason that we don't think '04 will is necessarily going to be a blockbuster, is despite these good economic data coming in, we sold so many cars using incentives in '01 and '02, we didn't get the spring board effect you usually see,
buying class features financing home incentives interest next people rates using
People that are buying are using some of the incentives in the same way they're using the interest rates on mortgages, ... There, they're buying more home or financing renovations. Here, they're buy more features on cars, or buying the next class up in cars.
auto cars consumers drives household less money spend spending
Consumers will have less money to spend on new cars and everything else. Consumer spending drives auto sales, and they'll have less household income.
economy ford good half june key kicks optimistic report sales second several summer year
We feel pretty optimistic about the second half of the year and where the economy is heading. And this June sales report kicks off a good summer for Ford in several key areas.
coming product segment slow train
There's just too much product coming into the segment to slow the train down.
adjustment subscribe works
We don't subscribe to that adjustment even when it works out in our favor.
pace production sales
but the sales pace may outstrip our production for the foreseeable future.
cars wish
Right now I wish I had more cars in inventory. I think we'll have a big April.
environment external handle position
We've never been in a better position to handle this external environment than we are now.
next plan production quarter third
We've put out our production plan for the third quarter that is something we feel like we can live with for the next three-month period.