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.
More Quotes from John Casesa:
The plan was in-line with our expectations and is only the beginning of a long restructuring process.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 used to be one step ahead of the pack, ... Now, it looks like it's in with the pack in Europe.
John Casesa
The outlook for the fourth quarter is not so hot. It is very clear that results in North America will be compressed by all this price cutting.
John Casesa
While price-cutting has sustained the sales rate at the expense of margins, eventually either the automakers' capacity to support the market will diminish, andor consumer demand will contract on its own as it has in other cycles,
John Casesa
which is a tough number to justify without tangible results.
John Casesa
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