28 ordspråk av Mike Chung

Mike Chung

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With the Japanese carmakers having so much momentum, it may be hard for GM and Ford to regain their growth.

I'd say it really depends on the manufacturer.

The domestics are really making a big push. This is something we've really anticipated. They've really needed to clear out their inventory.

Large trucks have been so much more inexpensive recently.

People are definitely moving higher in terms of horsepower and capacity in trucks.

Some large SUVs in particular you saw a sticker price of $40,000 or $50,000, but the actual transaction price was more in the neighborhood of $30,000.

The gains by foreign manufacturers are at the cost of the domestic manufacturers.

Fuel economy will always be an issue that's lingering in the back of people's minds. Given the number of new products coming out, we expect compact and subcompact cars and SUVs will continue to grow this year.

This is a reflection of all three domestic manufacturers lowering incentives across the board. It's a good and positive first step, but that's what it is - a first step in the right direction.

It does take long and requires certain driving habits to recoup.

Individuals who think you can get a real steal or great bargain on a hybrid [are kidding themselves]. That won't happen for a while.

You may be saving $30 to $40 a month (the cost of one tank of gas for a typical driver. But is it worth a $4,000 or $5,000 premium?

Over the span of three years we saw the market literally increase five times. We expect to see continued growth over the next two or three years and hybrids to hit 2% of the entire market, which is very significant.

I'd say as early as August and possibly September.

Depending on what kind of volumes they get, which we have no idea, we may see them hit it towards the end of this year, but probably the beginning of next year is when they'll hit their 60,000.

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