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Now You Know | Where will Ford be in 5 years?

Now You Know | Where will Ford be in 5 years?

(25:26) How will the inventors of assembly line auto manufacturing, Ford handle the transition to electric vehicles?
Now You Know YT channel Oct 9, 2020

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Guest: EricDaRedWhiteandBlu (11 days ago)
Latest comment:

Time to design for the future!  Let's combine gasoline prices reflecting the reality of inevitable shortage of a limited resource, economies grinding like an oilless engine, demand for mass transit and rising sea levels:  the Ford Galley!  Made of genuine  pine and pressboard, oarlocks for up to ten passengers- with cupholders on each rowing bench, and the introduction of the exclusive jumbo dragon-head hood ornament!  Follow the sound of the drum to your dealership where it's ramming speed to tomorrow!

Original comment
Latest comment:

Time to design for the future!  Let's combine gasoline prices reflecting the reality of inevitable shortage of a limited resource, economies grinding like an oilless engine, demand for mass transit and rising sea levels:  the Ford Galley!  Made of genuine  pine and pressboard, oarlocks for up to ten passengers- with cupholders on each rowing bench, and the introduction of the exclusive jumbo dragon-head hood ornament!  Follow the sound of the drum to your dealership where it's ramming speed to tomorrow!

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Guest: (19 days ago)

Car dealers do not pay for their inventory upfront like the video stated.  The manufacture provides dealers with financing for their “floorpan”.  A typical dealer pays around $350 per month to finance each vehicle and will get that money back in “holdback” money when the car sells.  The holdback is around $700.  If the dealer can sell you a car within 30 days of it being on their lot, they can make an additional $350.  If it takes 2 months to sell, then they break even on the manufacturer financing.

Obviously manufacturers can make more money if they sells directly to the customer because you don’t have to share profits with the dealer; however, the dealer doesn’t make much money off the sale of a new vehicle (except for pickup trucks where the profit margins are huge).  They sometimes take a loss on selling sedans and make it up by selling pickups.  They sell the sedans to increase their government mandated EPA numbers which they cannot meet if they sell pickup trucks only.  

Dealers make a substantial amount through the financing alone and then make additional money on your trade-in and add-ons like extended warranties, gap insurance, and undercoating scams.  

Regarding Ford paying back TARP money, the video only shows the $650 million they pay in interest each year — not the amount of principle they are paying back which contributes to their net losses and net cash reserves.

Original comment

Car dealers do not pay for their inventory upfront like the video stated.  The manufacture provides dealers with financing for their “floorpan”.  A typical dealer pays around $350 per month to finance each vehicle and will get that money back in “holdback” money when the car sells.  The holdback is around $700.  If the dealer can sell you a car within 30 days of it being on their lot, they can make an additional $350.  If it takes 2 months to sell, then they break even on the manufacturer financing.

Obviously manufacturers can make more money if they sells directly to the customer because you don’t have to share profits with the dealer; however, the dealer doesn’t make much money off the sale of a new vehicle (except for pickup trucks where the profit margins are huge).  They sometimes take a loss on selling sedans and make it up by selling pickups.  They sell the sedans to increase their government mandated EPA numbers which they cannot meet if they sell pickup trucks only.  

Dealers make a substantial amount through the financing alone and then make additional money on your trade-in and add-ons like extended warranties, gap insurance, and undercoating scams.  

Regarding Ford paying back TARP money, the video only shows the $650 million they pay in interest each year — not the amount of principle they are paying back which contributes to their net losses and net cash reserves.

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Guest: (17 days ago)

LOL looked like a copy and paste job.  Just checked and I was right.

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LOL looked like a copy and paste job.  Just checked and I was right.

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Guest: (17 days ago)

Smells like his post about military pay that turned out to be rubbish.

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Smells like his post about military pay that turned out to be rubbish.

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Guest: (18 days ago)

Carybot having a malfunction again

ReplyVote up (8)down (13)
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Carybot having a malfunction again

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Guest: (19 days ago)

Almost convincing til I realise who wrote this comment and remember his history of posting misinformation.   :(

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Almost convincing til I realise who wrote this comment and remember his history of posting misinformation.   :(

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Guest: (19 days ago)

Who posted that and what part of it was misinformation?  I see it as someone correcting misinformation from the video instead of posting actual misinformation.  If you have evidence the information mentioned is incorrect, why don't you post that.

Original comment

Who posted that and what part of it was misinformation?  I see it as someone correcting misinformation from the video instead of posting actual misinformation.  If you have evidence the information mentioned is incorrect, why don't you post that.

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Guest: (19 days ago)

How interesting that you see it as "someone" correcting misinformation.  ;)

I remember the countless times that just a little Googling has debunked his comments in the past.  It isn't even rewarding any more.  Boy that cried wolf on this one. 

If you want to take an anonymous comment at face value, or trust it over a Youtube channel, feel free.  Likewise if you want to spent time fact-checking other people's posts who have a history of sharing misinformation, great. 

I'll pass this one.  

Original comment

How interesting that you see it as "someone" correcting misinformation.  ;)

I remember the countless times that just a little Googling has debunked his comments in the past.  It isn't even rewarding any more.  Boy that cried wolf on this one. 

If you want to take an anonymous comment at face value, or trust it over a Youtube channel, feel free.  Likewise if you want to spent time fact-checking other people's posts who have a history of sharing misinformation, great. 

I'll pass this one.  

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Guest: (19 days ago)

Looks like you can do some gogling to confirm OP's post is correct.  Try some of the keywords in the message like "Car Dealer Floorplan" and "Car Dealer Holdback" and "How do car dealers make money."

Original comment

Looks like you can do some gogling to confirm OP's post is correct.  Try some of the keywords in the message like "Car Dealer Floorplan" and "Car Dealer Holdback" and "How do car dealers make money."

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Guest: (19 days ago)

Still not getting it.  I have done plenty of Googling to find 'OP's other posts and almost always find that he is wrong.  I show 'him', he will repeat stuff, then disappear.  

Again, the furious downvoting won't make you right.

Original comment

Still not getting it.  I have done plenty of Googling to find 'OP's other posts and almost always find that he is wrong.  I show 'him', he will repeat stuff, then disappear.  

Again, the furious downvoting won't make you right.

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