John Casesa Last Quotations

Last year was a terrifically strong month, so it was a difficult comparison. Secondly, a lot of the pent up demand, created by the recession, has been satisfied at this point in the economy's expansion.

Car buying is influenced by consumer confidence. And confidence varies month to month but on a trend basis, it is down a lot in the last year, year-and-a-half. And my own view, unless it bounces back and unless history is wrong, we're going to really struggle to get these buyers in next year because they're just not as confident about the future to make a big ticket purchase as they were six months or a year ago.

GM's sales have declined year-over-year in nine of the last 12 months, saved only by the employee pricing campaign this summer.

In short, while the negative press will likely hold back the stock near-term, we don't think it will have a lasting impact, and in our view, Ford remains relatively attractive,