Car buying is influenced by consumer confidence. And confidence varies month to month but on a trend basis, it is down a lot in the last year, year-and-a-half. And my own view, unless it bounces back and unless history is wrong, we're going to really struggle to get these buyers in next year because they're just not as confident about the future to make a big ticket purchase as they were six months or a year ago.
More Quotes from John Casesa:
These results are reminiscent of Ford's late 1990's performance -- driving earnings improvement with a richer truck mix, ... GM remains market-share driven and its North American pricing fell 1.0 percent. Fortunately, it was able to increase its mix of light trucks and decrease its fleet sales, offsetting partially the negative impact of lower prices.John Casesa
GM's competitiveness is not only dependent upon labor costs, but also on the speed of its decision-making, its success in responding to the market appropriately and its ability to identify the growth segments in the market,
John Casesa
Last year was a terrifically strong month, so it was a difficult comparison. Secondly, a lot of the pent up demand, created by the recession, has been satisfied at this point in the economy's expansion.
John Casesa
which is a tough number to justify without tangible results.
John Casesa
GM used to be one step ahead of the pack, ... Now, it looks like it's in with the pack in Europe.
John Casesa
The Japanese make the highest quality vehicles on the market and that gives them the highest residual value, and therefore allows them to offer the lowest monthly lease rates.
John Casesa
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