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More - Mike Chung Quotes

The level of incentives in the [auto] industry is not sustainable. [While Detroit has resorted to short-term fixes, like raising prices to cover the incentives, $4,000] is the point of no return. You can't keep offering incentives. People will always ask, 'What's next?' - Mike Chung Quotes

The level of incentives in the [auto] industry is not sustainable. [While Detroit has resorted to short-term fixes, like raising prices to cover the incentives, $4,000] is the point of no return. You can't keep offering incentives. People will always ask, 'What's next?'

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. - Mike Chung Quotes

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.

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? - Mike Chung Quotes

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?

Cost

Hurricane Katrina was definitely a catalyst for gas prices but even before that we were facing an upward trend in prices. - Mike Chung Quotes

Hurricane Katrina was definitely a catalyst for gas prices but even before that we were facing an upward trend in prices.

The gains by foreign manufacturers are at the cost of the domestic manufacturers. - Mike Chung Quotes

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

Cost

I've seen advertisements where they say 'this is the price minus this tax credit.' It's not an actual discount, but to some buyers they see it as a discount. - Mike Chung Quotes

I've seen advertisements where they say 'this is the price minus this tax credit.' It's not an actual discount, but to some buyers they see it as a discount.

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. - Mike Chung Quotes

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.

The domestic [carmakers] in particular are working hard to get consumers away from incentives as much as possible. - Mike Chung Quotes

The domestic [carmakers] in particular are working hard to get consumers away from incentives as much as possible.

Large trucks have been so much more inexpensive recently. - Mike Chung Quotes

Large trucks have been so much more inexpensive recently.

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. - Mike Chung Quotes

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.

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