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【TOP 48】Tom Libby Quotes - WhatsApp Status | Page-1

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The price premium is eventually going to have to be adjusted. It looks like they're pushing against a threshold. - Tom Libby Quotes

The price premium is eventually going to have to be adjusted. It looks like they're pushing against a threshold.

Even with the lower net pricing, the transaction price is creeping up in the broad sense. There is movement (by buyers) from one segment to another. And the brands have added new models, and those new models are priced in the upper range of the brand.

So far, the perceived gas price increases have not had any discernible impact on new-vehicle buying patterns, at least with regard to the size of the engine. - Tom Libby Quotes

So far, the perceived gas price increases have not had any discernible impact on new-vehicle buying patterns, at least with regard to the size of the engine.

It's going to be small. New Orleans is not a major metro [area]. - Tom Libby Quotes

It's going to be small. New Orleans is not a major metro [area].

Its reputation was based on customer satisfaction. Now they're adding this new dimension, which is styling. They have a challenge in doing both. I hope they will maintain a focus on customer relations because they've established that. - Tom Libby Quotes

Its reputation was based on customer satisfaction. Now they're adding this new dimension, which is styling. They have a challenge in doing both. I hope they will maintain a focus on customer relations because they've established that.

The incentive data include 13 different types of incentives and includes lease incentives. It is very comprehensive. - Tom Libby Quotes

The incentive data include 13 different types of incentives and includes lease incentives. It is very comprehensive.

It's one of the, if not the most competitive segments. You have high-volume brands, and a lot of their entries in that segment are flagship models. - Tom Libby Quotes

It's one of the, if not the most competitive segments. You have high-volume brands, and a lot of their entries in that segment are flagship models.

Brands want to be in this segment because if the brand can sell a compact car to a young customer, the nameplate can then potentially keep that customer for life,

Brands want to be in this segment because if the brand can sell a compact car to a young customer, the nameplate can then potentially keep that customer for life.

Toyota, Honda and BMW continue to do well at the retail level. GM and Ford need to stop their retail share deterioration, and GM hopes their March madness campaign will help do that. - Tom Libby Quotes

Toyota, Honda and BMW continue to do well at the retail level. GM and Ford need to stop their retail share deterioration, and GM hopes their March madness campaign will help do that.

I think incentives are very much an integral part of the industry. It's a very sophisticated pricing tool. The Asians are clearly much more into the incentives game this year. - Tom Libby Quotes

I think incentives are very much an integral part of the industry. It's a very sophisticated pricing tool. The Asians are clearly much more into the incentives game this year.

Right now the domestic brands do not have the reputation that would allow them to go without incentives. Chrysler tried it three years ago. Then two weeks later they got right back on the incentives because without them they couldn't market anything. The brand strength of Honda, the history of reliable, durable products, is great enough to pull in prospects without customer cash.

Toyota tends to have more products in each segment. Honda goes much slower -- for example, it's not in pickups at all. But they watch and when they execute a product, they do it almost flawlessly so they immediately have a leader in the segment. - Tom Libby Quotes

Toyota tends to have more products in each segment. Honda goes much slower -- for example, it's not in pickups at all. But they watch and when they execute a product, they do it almost flawlessly so they immediately have a leader in the segment.

The deal will fade, but the vehicle will be with you for years. Get something that you'll enjoy, that holds its value, because you'll have to live with it down the road. - Tom Libby Quotes

The deal will fade, but the vehicle will be with you for years. Get something that you'll enjoy, that holds its value, because you'll have to live with it down the road.

They don't seem to be able to make money there. - Tom Libby Quotes

They don't seem to be able to make money there.

Money

The domestic manufacturers have capacity in excess of demand, so they have determined to lower price through incentives to keep them occupied. - Tom Libby Quotes

The domestic manufacturers have capacity in excess of demand, so they have determined to lower price through incentives to keep them occupied.

We believe at $3 a gallon there's not enough bite in a person's pocketbook to make a big difference, - Tom Libby Quotes

We believe at $3 a gallon there's not enough bite in a person's pocketbook to make a big difference,

There are a couple of schools of thought on this, - Tom Libby Quotes

There are a couple of schools of thought on this,

go over $3 and close to $4 and stay at that level for at least a year. - Tom Libby Quotes

go over $3 and close to $4 and stay at that level for at least a year.

It's going to be small, - Tom Libby Quotes

It's going to be small,

but the price of gas also has a huge impact on the mix of cars and trucks that are sold. - Tom Libby Quotes

but the price of gas also has a huge impact on the mix of cars and trucks that are sold.

Cars

Now about 52 percent of the industry is trucks. - Tom Libby Quotes

Now about 52 percent of the industry is trucks.

But I find this a major move because it says they need something besides value pricing. - Tom Libby Quotes

But I find this a major move because it says they need something besides value pricing.

Value

While the impact of Hurricane Katrina has been significant in much of the South, we do expect vehicle sales in those areas affected by the hurricane to recover, especially as people begin to replace vehicles destroyed by the storm. - Tom Libby Quotes

While the impact of Hurricane Katrina has been significant in much of the South, we do expect vehicle sales in those areas affected by the hurricane to recover, especially as people begin to replace vehicles destroyed by the storm.

Sales

Some of the models -- the Ford Five Hundred, the Ford Freestyle -- were just being launched in October, ... The Chevy Cobalt is just hitting showrooms now. - Tom Libby Quotes

Some of the models -- the Ford Five Hundred, the Ford Freestyle -- were just being launched in October, ... The Chevy Cobalt is just hitting showrooms now.

You've got dealers hesitant to order 05's until they move the 04's; the 05's are being squeezed out, - Tom Libby Quotes

You've got dealers hesitant to order 05's until they move the 04's; the 05's are being squeezed out,

The 'net is a major communications and marketing tool, and those who embrace it will be rewarded, while those who resist will eventually be noncompetitive, ... Dave Smith Motors was quick to implement this technology, and the dealership is benefiting from it. - Tom Libby Quotes

The 'net is a major communications and marketing tool, and those who embrace it will be rewarded, while those who resist will eventually be noncompetitive, ... Dave Smith Motors was quick to implement this technology, and the dealership is benefiting from it.

There's already a lot of gaming going on, with [carmakers] subsidizing their small cars so they can sell them to offset the impact on fuel economy of their large trucks, ... If this new system helps cut down on the number of loopholes, it will be a plus. - Tom Libby Quotes

There's already a lot of gaming going on, with [carmakers] subsidizing their small cars so they can sell them to offset the impact on fuel economy of their large trucks, ... If this new system helps cut down on the number of loopholes, it will be a plus.

There's already a lot of gaming going on, with [carmakers] subsidizing their small cars so they can sell them to offset the impact on fuel economy of their large trucks. If this new system helps cut down on the number of loopholes, it will be a plus. - Tom Libby Quotes

There's already a lot of gaming going on, with [carmakers] subsidizing their small cars so they can sell them to offset the impact on fuel economy of their large trucks. If this new system helps cut down on the number of loopholes, it will be a plus.

There is definitely a movement downward, ... Everyone has been talking about the decline in big SUVs, but no one has really talked about this similar movement away from large luxury cars. - Tom Libby Quotes

There is definitely a movement downward, ... Everyone has been talking about the decline in big SUVs, but no one has really talked about this similar movement away from large luxury cars.

There is definitely a movement downward. Everyone has been talking about the decline in big SUVs, but no one has really talked about this similar movement away from large luxury cars. - Tom Libby Quotes

There is definitely a movement downward. Everyone has been talking about the decline in big SUVs, but no one has really talked about this similar movement away from large luxury cars.

It seems like there's a lot of good initial buzz on this product. - Tom Libby Quotes

It seems like there's a lot of good initial buzz on this product.

General Motors is showing signs of life. - Tom Libby Quotes

General Motors is showing signs of life.

Life

Ford has had a gap for a long time between its Focus and its Five Hundred. Now ... it's apparently hit the sweet spot. It also helps that the Fusion has gotten extremely positive reviews in the automotive press. - Tom Libby Quotes

Ford has had a gap for a long time between its Focus and its Five Hundred. Now ... it's apparently hit the sweet spot. It also helps that the Fusion has gotten extremely positive reviews in the automotive press.

Focus

American Honda is benefiting from positive reviews and word of mouth about its new Civic, as well as continued incremental sales of its Ridgeline midsize pickup. General Motors is also showing signs of life, as it out performed the industry for the first time in many months. - Tom Libby Quotes

American Honda is benefiting from positive reviews and word of mouth about its new Civic, as well as continued incremental sales of its Ridgeline midsize pickup. General Motors is also showing signs of life, as it out performed the industry for the first time in many months.

If they were to switch back to incentives, frankly, it would undermine everything they've done. - Tom Libby Quotes

If they were to switch back to incentives, frankly, it would undermine everything they've done.

It's somewhat surprising that they would come forward with a big incentive program at this time. Their pricing program seems to be getting some traction, and they're getting some momentum from their new models. - Tom Libby Quotes

It's somewhat surprising that they would come forward with a big incentive program at this time. Their pricing program seems to be getting some traction, and they're getting some momentum from their new models.

They are small, and one might think this is inconsequential but their numbers are creeping up. I don't think, based on what we know about Toyota, they should be ignored. - Tom Libby Quotes

They are small, and one might think this is inconsequential but their numbers are creeping up. I don't think, based on what we know about Toyota, they should be ignored.

It's still moving faster than the traditional Escape, but it is turning slower than some of the hybrids. The Escape as a hybrid is sort of middling. - Tom Libby Quotes

It's still moving faster than the traditional Escape, but it is turning slower than some of the hybrids. The Escape as a hybrid is sort of middling.

Both Toyota and Honda have about the shortest turnaround times between model changes than anyone else in the industry. They replace a model now every five years or so. - Tom Libby Quotes

Both Toyota and Honda have about the shortest turnaround times between model changes than anyone else in the industry. They replace a model now every five years or so.

The Lincoln brand itself is suffering greatly right now, and in order for any car from Lincoln to be a hit or a home run, it's going to have to be a superstar.

That's impressive. They need more of this. - Tom Libby Quotes

That's impressive. They need more of this.

Competitive forces are definitely forcing manufacturers to reduce their product design cycles between changes. - Tom Libby Quotes

Competitive forces are definitely forcing manufacturers to reduce their product design cycles between changes.

It is definitely a warning signal. - Tom Libby Quotes

It is definitely a warning signal.

They are trying to keep inventory turning by lowering the price through incentives. But obviously the vehicle is under pressure already. - Tom Libby Quotes

They are trying to keep inventory turning by lowering the price through incentives. But obviously the vehicle is under pressure already.

It keeps Honda and Toyota sort of looking at Nissan. The fact that Nissan is refreshing their product periodically keeps Honda and Toyota on their toes. It keeps that market very competitive. I think it's a positive for Nissan and a positive for the whole segment. The benefit is the consumer has a lot of great choices. - Tom Libby Quotes

It keeps Honda and Toyota sort of looking at Nissan. The fact that Nissan is refreshing their product periodically keeps Honda and Toyota on their toes. It keeps that market very competitive. I think it's a positive for Nissan and a positive for the whole segment. The benefit is the consumer has a lot of great choices.

For there to be a major shift in the industry, prices have to go well above $3 a gallon and remain there consistently. If you do the math it's still going to take many, many years to recoup your extra price through gas savings. - Tom Libby Quotes

For there to be a major shift in the industry, prices have to go well above $3 a gallon and remain there consistently. If you do the math it's still going to take many, many years to recoup your extra price through gas savings.

We believe that prices have to actually get to $4 per gallon and remain there for one year for there to be a substantial shift. - Tom Libby Quotes

We believe that prices have to actually get to $4 per gallon and remain there for one year for there to be a substantial shift.

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