Paul Ballew
Paul Ballew
above beginning describe industry solid year
I would describe it as a pretty solid year for the industry and one that is above our expectations that we had at the beginning part of the year.
anticipate balance continue forth half held monetary people policy poor rifle sales somewhat vehicle year
Monetary policy can take a year, year and a half to rifle through the economy. Vehicle sales have held up somewhat better than what people have anticipated. You try to find balance ... When all is said and done, we don't anticipate the back end of this year to be a poor back end. We just continue to try to put forth what we think is the right balance. We're cautiously optimistic.
affecting hard looked sales taking tough wind year
We didn't see this so-called 'CNN effect,' ... We looked long and hard for it, but it was tough to quantify. It's probably only affecting sales on the margin. For the year it'll probably end up taking a little wind out of our sails.
against appears caution energy general higher industry prices running slight slowing start step strong year
It appears the industry is running at a very strong rate, ... It's a very slight step down from the very blistering start we started the year with, but it's still a strong pace. There are legitimately headwinds, like higher energy prices and a general slowing of the economy. But we caution against overreacting to the headwinds.
certainly demand forecasts four months remains underlying year
Underlying demand remains very strong. The first four months of the year certainly exceeds our forecasts and the forecasts of everyone else in the industry.
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.
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.
quarter second
We're going to be down in the second quarter and the back end of the year.
bit expect higher improvement mean pause process treating truly
Our thought process is that this is truly the pause that refreshes. We expect to see improvement in the spring, ... Inventories are a bit higher than we'd like, but that doesn't mean we're treating it as a crisis.
certainly current levels pleased run satisfied share
We're certainly not pleased with current share levels and we're not satisfied with it, but we have to run this play.