With the Japanese carmakers having so much momentum, it may be hard for GM and Ford to regain their growth.
More Quotes from Mike Chung:
The gains by foreign manufacturers are at the cost of the domestic manufacturers.Mike Chung
If you find a vehicle that you really like, now's a great time to get it. But one of the issues with employee pricing is the inventory was depleted very quickly for the most-desirable vehicles.
Mike Chung
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
Fuel economy will always be an issue that's lingering in the back of people's minds. Given the number of new products coming out, we expect compact and subcompact cars and SUVs will continue to grow this year.
Mike Chung
But hybrids are more likely to be a stop-gap for something further down the road like fuel-cell technology, which is at least 10 years away.
Mike Chung
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
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