View Single Post
Old 03-23-2011, 09:11 PM   #42
DGthe3
Moderator.ca
 
DGthe3's Avatar
 
Drives: 05 Grand Am GT
Join Date: Jul 2007
Location: Niagara, Canada
Posts: 25,366
Send a message via MSN to DGthe3
Going to drive used car prices down eh? Aren't a lot of people complaining that used car prices are too high anyway? I see this as a sign that the industry may be hitting a tipping point, where the price of used cars has gotten so high that it makes more sense to simply buy new. I would expect GM to try and take advantage of such a situation ... if they can do so profitably.

Also, I would think that incentives are a lot more affordable for GM than they were a few years ago. The cost of labour has gone down substantially while the value of their product has gone up. So its not as bad as it once was. It also depends on what they're spending money on.
__________________
Note, if I've gotten any facts wrong in the above, just ignore any points I made with them
__________________
Originally Posted by FbodFather
My sister's dentist's brother's cousin's housekeeper's dog-breeder's nephew sells coffee filters to the company that provides coffee to General Motors......
........and HE WOULD KNOW!!!!
__________________

Camaro Fest sub-forum
DGthe3 is offline   Reply With Quote