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.
More Quotes from Tom Libby:
It keeps Honda and Toyota sort of looking at Nissan. The fact that Nissan is refreshing their product periodically keeps Honda and Toyota on their toes. It keeps that market very competitive. I think it's a positive for Nissan and a positive for the whole segment. The benefit is the consumer has a lot of great choices.Tom Libby
They don't seem to be able to make money there.
Tom Libby
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.
Tom Libby
Brands want to be in this segment because if the brand can sell a compact car to a young customer, the nameplate can then potentially keep that customer for life.
Tom Libby
Toyota tends to have more products in each segment. Honda goes much slower -- for example, it's not in pickups at all. But they watch and when they execute a product, they do it almost flawlessly so they immediately have a leader in the segment.
Tom Libby
We believe at 3 a gallon there's not enough bite in a person's pocketbook to make a big difference,
Tom Libby
Readers Who Like This Quotation Also Like:
Based on Topics: Business & Commerce QuotesFor, to be a stranger is naturally a very positive relation; it is a specific form of interaction.
Georg Simmel
We were promised a society of philosophers. But the Blogosphere is looking more and more like a nation of ankle-biters.
Steven Levy
Loveliest of lovely things are they on earth that soonest pass away. The rose that lives its little hour is prized beyond the sculptured flower.
William C. Bryant