Consumers have been increasingly price-sensitive over the past two years. When the Big Three (carmakers) effectively raised the price (by ending discounts), they sold dramatically fewer cars. That was the case in the fourth quarter.
More Quotes from Paul Taylor:
I know I can't do everything myself. So I know I specialize in my melodies and I do some of my demo work. I pass it on to my producers who are much better at the production level.Paul Taylor
It's a significant award. In this environment, it's going to be tough to make money on new cars, so that's going to require some real management in focusing on other revenue centers. The Malcolm Baldrige Award is affirmation of some real business skills.
Paul Taylor
In any year, there is always a certain percentage of dealers losing money. Rising interest rates are starting to pinch some consumers.
Paul Taylor
Certainly (Iran) is a large issue. It's not a one-time supply disruption story that will come and go. It is an evolving political story that will take some time to manifest itself. It's something that is going to take some time to play out (and) markets will react day to day.
Paul Taylor
For our industry, that means diminished overall consumer spending, but NADA Industry Analysis believes that the economy will continue to grow from investment spending and increased exports, particularly to Japan and Europe. We think world automotive producers will continue to find ways to maintain yearly sales of at least 16.8 million units of light vehicles in this growth environment as we move into 2007.
Paul Taylor
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Based on Topics: Cars Quotes, Past QuotesBased on Keywords: carmakers, price-sensitive
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