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Art Spinella

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The market changed as it often does. Frequently, that means Detroit gets left behind. It never fails.

Floor traffic has dried up. And that’s not just for the Big Three, it’s for everybody -- with the exception of Toyota, ... It’s way too early to tell what that means.

Nobody's going to put $20,000 into something they think is going to be out of business. They won't do it unless it's a fire sale, a real fire sale.

Dealers started losing salespeople too.

I don't know how this program will pan out, but it's certainly a ground breaking move.

They're saying that gas prices are a problem, they're a consideration, but they're not going to affect the way people live.

About 38 percent said that fuel economy is somewhat or very important -- that is up 15 percentage points from a year ago. It's passed 'higher horsepower' for the first time. That's significant. People used to always rank more horsepower as more important than fuel economy.

They're simply postponing the acquisition of a full-size sport/utility until they see what happens with gas prices,

It's still more important to have the right number of cup holders than high fuel economy.

If it's two or three years, you're better off leasing, ... If it's longer than three years you're better off buying.

They've loosened credit standards to the point that anyone can get a car, ... It's banks. It's finance companies. It's everybody.

A lot of people got out of the stock market and had cash and they had to do something with it.

The attitude was such that you didn't buy something unless you could afford it. And you couldn't afford something unless you could buy the whole thing. You saved the money up first.

Will that turns to sales? Maybe, maybe not, but the incentives certainly are going to help the consumer come back.

Hidden incentives happen all the time.

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