Quote:
Originally Posted by FirstLSK
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Since a big fiscal-stimulus package for fighting the recession -- some combination of tax cuts, extended unemployment compensation, infrastructure grants and assistance to states -- is coming soon, why not stimulate consumers to buy cars? Why not offer eye-popping rebates -- say, $3,000 -- for a limited time to buyers of cars and light trucks? It would probably make sense to phase out rebates for the most expensive cars, and as a treaty obligation, it wouldn't do to discriminate against foreign makes.
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GM has already been activitly offering deep discounts on '08 models and some '09's. They recently offered GM Employee discounts to everyone for 30 days, then decided to extend it. They held Red Tag sales, and are currently conducting another big Red Tag event. Doesn't seem like any of this helped stimulate sales. It's kinda like the old adage, "Ya can't get blood from a stone."
Folks just don't have the money, or credit to buy new vehicles. Far to many are loosing their jobs and homes and are simply putting the purchase of a new car on the back burner.
It's a very sad situation, but I believe it's gonna take far more than a $3,000 rebate (discount).