battyr Posted August 4, 2009 Share Posted August 4, 2009 http://www.bnn.ca/news/11189.html The popularity of Ford's F-series trucks and Escape SUV lifted Ford Motor Company of Canada Ltd. to July sales that were 47.4 percent higher than July 2008. Quote Link to comment Share on other sites More sharing options...
ausrutherford Posted August 4, 2009 Share Posted August 4, 2009 Did it retain #1? Quote Link to comment Share on other sites More sharing options...
RichardJensen Posted August 4, 2009 Share Posted August 4, 2009 yup. Quote Link to comment Share on other sites More sharing options...
battyr Posted August 5, 2009 Author Share Posted August 5, 2009 gee, I thought people would be impressed. Quote Link to comment Share on other sites More sharing options...
Noah Harbinger Posted August 5, 2009 Share Posted August 5, 2009 gee, I thought people would be impressed. I'm impressed... is there some weird reason for this? I suppose with Canada's oil-exporting economy, things aren't as bad there? Quote Link to comment Share on other sites More sharing options...
battyr Posted August 5, 2009 Author Share Posted August 5, 2009 I'm impressed... is there some weird reason for this? I suppose with Canada's oil-exporting economy, things aren't as bad there? Canada has no financial crisis. When the rest of the world was hit, the media and opposition parties made a big deal. People got scared and stopped buying. Many Canadians and many business have lost money from the drop in commodity prices. Many Canadians have lost their jobs in export oriented industries. Some areas in Canada are doing OK. Real estate prices are starting to rise in many cities. Anyone can get a car loan, mortgage or other credit. While the economy is doing poorly, people are starting to buy now. The problem is that 90% of the cars made in Canada are exported to the US. Canada is not big enough to increase the demand for US made cars by very much. So this does not help jobs much. I also think too many Canadian want to only buy from a winning company. They once bought from GM because they were the biggest, therefore the best automaker. They are now buying from Ford because Ford is the next winner. Quote Link to comment Share on other sites More sharing options...
rmc523 Posted August 5, 2009 Share Posted August 5, 2009 gee, I thought people would be impressed. I'm impressed, and pleased. Quote Link to comment Share on other sites More sharing options...
Patate Posted August 5, 2009 Share Posted August 5, 2009 For those interested: http://www.desrosiers.ca/Monthly%20Updates/sales.pdf GM's huge drop really doesn't surprise me, their dealer lots are empty. Chrysler's small drop surprised me though. Ford is really gaining momentum in here. Expect the fiesta to become one of the best seller, it is BOUND to beat the Yaris/Versa/Fit, which believe it or not are pretty good sellers here. Quote Link to comment Share on other sites More sharing options...
rmc523 Posted August 5, 2009 Share Posted August 5, 2009 For those interested: http://www.desrosiers.ca/Monthly%20Updates/sales.pdf GM's huge drop really doesn't surprise me, their dealer lots are empty. Chrysler's small drop surprised me though. Ford is really gaining momentum in here. Expect the fiesta to become one of the best seller, it is BOUND to beat the Yaris/Versa/Fit, which believe it or not are pretty good sellers here. I dunno how it is up there, but Chrysler's offering big incentives on vehicles here... Quote Link to comment Share on other sites More sharing options...
charly Posted August 5, 2009 Share Posted August 5, 2009 Canada has no financial crisis. When the rest of the world was hit, the media and opposition parties made a big deal. People got scared and stopped buying. Many Canadians and many business have lost money from the drop in commodity prices. Many Canadians have lost their jobs in export oriented industries. We don't have a financial crisis? Some of these people seem to think we do/did It may not be as bad as our friends to the south,but we are in a recession. Our steel industry is gone, the oil patch has slowed, the car plants are closing and for some it's hard to get a loan,and house prices have been going south for a year at least Quote Link to comment Share on other sites More sharing options...
battyr Posted August 5, 2009 Author Share Posted August 5, 2009 We don't have a financial crisis?Some of these people seem to think we do/did It may not be as bad as our friends to the south,but we are in a recession. Our steel industry is gone, the oil patch has slowed, the car plants are closing and for some it's hard to get a loan,and house prices have been going south for a year at least Yes, Canada is in a recession, but Canada has no banking (financial) crisis. Quote Link to comment Share on other sites More sharing options...
ausrutherford Posted August 5, 2009 Share Posted August 5, 2009 Yes, Canada is in a recession, but Canada has no banking (financial) crisis. Maybe because itdoesnt have that many big banks. Quote Link to comment Share on other sites More sharing options...
battyr Posted August 5, 2009 Author Share Posted August 5, 2009 Maybe because itdoesnt have that many big banks. Canada has 5 big banks. They just about have a monopoly on the entire Canadian banking system. One of them has as much business in the US as they do in Canada. A couple of them are the major foreign bankers in the Caribbean and South America. They are are all making a profit. Quote Link to comment Share on other sites More sharing options...
NickF1011 Posted August 5, 2009 Share Posted August 5, 2009 Canada has 5 big banks. They just about have a monopoly on the entire Canadian banking system. One of them has as much business in the US as they do in Canada. A couple of them are the major foreign bankers in the Caribbean and South America. They are are all making a profit. Most American banks are making a profit now also. :shrug: Quote Link to comment Share on other sites More sharing options...
jpd80 Posted August 5, 2009 Share Posted August 5, 2009 I thought the problem last year was the banks stopped lending to customers and themselves. It was never about profit, it was all about avoiding exposure to bad debts. Quote Link to comment Share on other sites More sharing options...
NickF1011 Posted August 5, 2009 Share Posted August 5, 2009 I thought the problem last year was the banks stopped lending to customers and themselves.It was never about profit, it was all about avoiding exposure to bad debts. Basically yes, but without lending anything out, they aren't generating any income through interest. Quote Link to comment Share on other sites More sharing options...
jpd80 Posted August 5, 2009 Share Posted August 5, 2009 Basically yes, but without lending anything out, they aren't generating any income through interest. New loans, that is. As far as I know, the existing loans continued and customers continued repayments. Quote Link to comment Share on other sites More sharing options...
Hugh Posted August 5, 2009 Share Posted August 5, 2009 For those interested: http://www.desrosiers.ca/Monthly%20Updates/sales.pdf GM's huge drop really doesn't surprise me, their dealer lots are empty. Chrysler's small drop surprised me though. Ford is really gaining momentum in here. Expect the fiesta to become one of the best seller, it is BOUND to beat the Yaris/Versa/Fit, which believe it or not are pretty good sellers here. B and C segment is a big seller in larger urban centres of Canada such as Ontario, Quebec and Lower Mainland British Columbia. I agree Fiesta and 2011 Focus will have great potential here. Quote Link to comment Share on other sites More sharing options...
Hugh Posted August 5, 2009 Share Posted August 5, 2009 Canada has 5 big banks. They just about have a monopoly on the entire Canadian banking system. One of them has as much business in the US as they do in Canada. A couple of them are the major foreign bankers in the Caribbean and South America. They are are all making a profit. I believe it's also the centralized banking system and the regulations here have something to do with that. I can't point at specifics now, it's been a while since I last took a business class. Quote Link to comment Share on other sites More sharing options...
Edstock Posted August 5, 2009 Share Posted August 5, 2009 I thought the problem last year was the banks stopped lending to customers and themselves.It was never about profit, it was all about avoiding exposure to bad debts. Canadian banks were prohibited from getting into the sub-prime mess, by Federal regulations. Quote Link to comment Share on other sites More sharing options...
suv_guy_19 Posted August 5, 2009 Share Posted August 5, 2009 Maybe because itdoesnt have that many big banks. It has almost nothing but big banks. Anyway, this is good news for Ford. Today, I was getting my car serviced at a Chrysler dealer, and I heard somebody tell someone that they were going to give them 7200 off of a caravan....and they could probably talk them down from there. Quote Link to comment Share on other sites More sharing options...
Noah Harbinger Posted August 6, 2009 Share Posted August 6, 2009 Canadian banks were prohibited from getting into the sub-prime mess, by Federal regulations. They still could have gotten in to the US sub-prime mess indirectly, by buying mortgage backed assets with Aaa ratings that were in reality backed by repackaged subprime mortgages. Quote Link to comment Share on other sites More sharing options...
Edstock Posted August 6, 2009 Share Posted August 6, 2009 IIRC, you're right. they tried, and the Federal government said no, for which we are very thankful. Quote Link to comment Share on other sites More sharing options...
NickF1011 Posted August 6, 2009 Share Posted August 6, 2009 New loans, that is. As far as I know, the existing loans continued and customers continued repayments. Well yes (except for foreclosures, which were also up), but new loans still account for a pretty substantial chunk of income. Quote Link to comment Share on other sites More sharing options...
MKII Posted August 6, 2009 Share Posted August 6, 2009 B and C segment is a big seller in larger urban centres of Canada such as Ontario, Quebec and Lower Mainland British Columbia. I agree Fiesta and 2011 Focus will have great potential here. Canadian highways and biways are festered with Japanese B and C segment cars, with the Civic being at the head of the class. It will be a challenge for Ford Canada to sway the Canadian mindset away from the Civic Nation mentality. Quote Link to comment Share on other sites More sharing options...
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