Paul Ballew
Paul Ballew
anytime degree economic economy high industry looking prelude prospect shown soft suffer talking
Anytime you're looking at the prospect for a soft landing, there's going to be uncertainty and risks. If what we're talking about is a prelude to an economic downturn, the industry will suffer over a two-to-three-year time. But the economy has shown a high degree of resiliency.
certainly continue despite mix month october saw seeing wrap
Certainly we did not see the surge we saw ...back in October of '01 or ...last July, ... But despite the ebbs and flows, we're going to wrap up this month pretty much as we thought it would play. And we're seeing mix continue to richen.
concerns contention date facts far gas impact looking material prices single support throw truck
I don't want to throw out concerns that all of us have, ... We're looking at it every single day, and so far facts to date do not support contention that gas prices have had a material impact on truck sales.
believe expect gm good half head industry maintain momentum month
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.
describe month
All in all, I would describe the month as pretty solid.
market vital
The (light truck) market is still important, the market is vital for us,
breaking contrary marketing program reports
The marketing program is not breaking the bank, contrary to other reports today,
almost below global market million position shrink term
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.
medicine struggle sure
It sure is going to be a struggle as we back off on rental sales, You take your medicine and you go on.
affecting categories factors series
There are a series of factors affecting categories of the business. We have to take all those factors into account.