It's going to take a long time. You've got 225 million vehicles out there. It's about 15 years to turn over the fleet.
More Quotes from Walter McManus:
They're not turning out nearly as much new product this year as the competition is. They already have the oldest cars and trucks in showrooms of any of the top six manufacturers.Walter McManus
This is like putting lipstick on a pig. They're a higher-cost producer than most of their competition. To be the low-price leader, you really need to be the low-cost producer as well.
Walter McManus
People still have to go to work and go to school, ... And if it's a short-term reaction, you can adjust your discretionary driving, as in whether you go to a movie or watch HBO.
Walter McManus
I worry that special privileges for certain types of vehicles may create some hostility,
Walter McManus
Hard to see where you can make a change that will save as much as they need to save,
Walter McManus
Frankly, the portfolios they have were designed for 1.50 a gallon gasoline. So they're going to have trouble. The longer prices stay high, the harder it will be to sell S.U.V.'s.
Walter McManus
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He who knows how will always work for he who knows why.
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58% of the American public are with us. We're preaching to the choir, but the choir's not singing, if all of the 58% started singing, this war would end.
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