Grinch Strikes Auto Industry

Detroit has its "big 3" auto investors and all of them are predicting a sales slump next year. Looks like the Grinch has struck the auto industry!

One of the predictors is Jerry York, an advisor to billionaire investor Kirk Kerkorian. Another is financier Wilbur Ross. Then there's Thomas Stallkamp, a former president of Chrysler. All are negative on next year's auto industry outlook, with predictions of a 10% sales reduction.

Detroit went through a similar sales slump back in 1991 when sales fell 11% and the economy was slumping in general. Same thing back around 1982-3. Maybe this is just a ten year thing and the middle Eastern war delayed it a few extra years?

Then again maybe the housing market mess and the current sluggish economy is dampening consumer spirits, causing more caution when it comes to spending.

Whatever it is, the predictions are that Detroit will deal with it by cutting production instead of juicing up the rebate machine. So don't count on seeing zero rate loans and generous rebates or big price discounts next year.

If your car or truck is running right, get it serviced often and keep driving on down the road (right past those shiny, expensive hunks of iron on the front row of the dealer's lot down the street). If you've got a lemon car or a lemon truck or a lemon motorhome though, now is the time to do something about it. As the economy tightens up in the coming year, so will the factory's willingness to help out consumers who bought bad products and are now stuck.

If you've got a lemon, call us. Getting rid of them is what we do. Everyday.

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Known nationwide as a leading Lemon Law attorney, Ronald L. Burdge has represented literally thousands of consumers in "lemon" lawsuits and actively co-counsels and coaches other Consumer Law attorneys. From 2005 through 2018, attorney Ronald L. Burdge has been named as the only Lemon Law Ohio Super Lawyer by Law and Politics magazine and Thomson Reuters Corp., Professional Division. Burdge restricts his practice to Lemon Law and Consumer Law cases. The Ohio Super Lawyer results are published annually in the January issue of Cincinnati Magazine. Ronald L. Burdge was named Consumer Law Trial Lawyer of the Year 2004 by the National Association of Consumer Advocates, the nation's largest organization of consumer law private and government attorneys. "Your impact on the auto industry has been magnified many times over because of the trail you blazed for others," stated NACA's Executive Director, Will Ogburn. Burdge has represented thousands of consumers in Ohio, Kentucky and elsewhere since 1978 and is a frequent lecturer to national, state and local Bar Associations and Judicial organizations. Burdge is admitted to Ohio's state and federal courts, Kentucky's state courts, and Indiana's federal courts. Other court admissions are on a "pro hac" temporary, case by cases basis.