Mike Chung Quotes (14 Quotes)

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

The level of incentives in the auto industry is not sustainable. While Detroit has resorted to short-term fixes, like raising prices to cover the incentives, 4,000 is the point of no return. You can't keep offering incentives. People will always ask, 'What's next'

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.

Over the span of three years we saw the market literally increase five times. We expect to see continued growth over the next two or three years and hybrids to hit 2 of the entire market, which is very significant.

Diesel has definitely come a long way over the past few years.

The domestics are really making a big push. This is something we've really anticipated. They've really needed to clear out their inventory.

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.

With the Japanese carmakers having so much momentum, it may be hard for GM and Ford to regain their growth.

The gains by foreign manufacturers are at the cost of the domestic manufacturers.

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.

I've seen advertisements where they say 'this is the price minus this tax credit.' It's not an actual discount, but to some buyers they see it as a discount.

Individuals who think you can get a real steal or great bargain on a hybrid are kidding themselves. That won't happen for a while.

This really shows a commitment to stay at this plant. They will continue to build this vehicle despite the fact that it has had sales decreases. It shows they are willing to make an investment in this vehicle, particularly the fact that they will be putting a hybrid in this vehicle.

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.