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Originally Posted by Kimmykim
No, no, no (as in no interest, no down payment and no payments for X days) was almost the downfall of the furniture industry several years ago. Once it started it was impossible to stop.
However, if the choice is not selling cars or selling them on the no, no, no premise, automakers will do whatever it takes to get cold rolled steel across the curb and onto the street.
Chrysler was bankrupt before, and interestingly enough Mercedes now has the lowest satisfaction and quality rating its carried ever.
High oil prices are what have caused problems with the auto market more than anything else.
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High oil prices did not help, specially if the car companies banked a great deal in SUV's. Though I would say high oil prices is not the biggest cause of the auto markets problems. I would wager that the majority of it's problems are based on pension plans.