Paul Ballew
Paul Ballew
certainly consumers denying economy fuel gas interest prices realize saw seeing shift understanding
We realize that gas prices are important to consumers and we're certainly not denying that there's an impact. We are seeing more interest in consumers understanding fuel economy of vehicles. But there's not the shift we saw in the 70's and 80's.
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.
arms breath deep
It's something to monitor. Let's just take a deep breath and get our arms around it.
aggressive industry pressure remain
Everyone is going to remain aggressive in the marketplace, ... ...I think the industry as a whole is just grappling with pressure on pricing.
accept complicate entitled everybody
Everybody is entitled to play this game. We accept it for what it is, but it does complicate some of the things we're doing.
below somewhat
That is somewhat below what we were anticipating.
compelling conclude consumers course diversity interest lost offers rate run side
Not all consumers want an interest rate or a contract. We'll get a little more diversity going forward. But I wouldn't conclude that compelling offers on the interest rate side have run their course and lost effectiveness in the marketplace.
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.
offset varies
It varies by category, but it's a significant offset in many cases.
continue deliver good inform message people
We have to continue to deliver our message to inform people just how good we are.
coming hopefully
What's going to be coming to G.M. hopefully through this process, will be a leaner and more competitive manufacturer.
breaking certainly economy fuel regard
We are breaking all new ground, certainly with regard to fuel economy and safety.
continue decade expect increase rest revenue though
We expect the revenue increase to continue though the rest of this decade and beyond.
current economy entirely expect industry kidding outlook picture positive present pressures remain
We expect pressures to remain for the present. We're not kidding ourselves. As we look at the current near-term outlook there's sluggishness out there. However, the long-term picture is not entirely negative. The fundamentals for economy remain very positive for the industry as a whole.