Tom Libby Quotes on Business & Commerce (5 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.

Now about 52 percent of the industry is trucks.

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.

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.

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.