Friday, July 01, 2005

GM Sales freak out

Wow US sales are the best in 19 years. Looks like that employee discount for all buyers really worked out for GM. Lots of pent up demand for their pickups too with a 69% rise in sales. I guess high gas prices aren't such a big deal when it comes to discounts and incentives.

Or perhaps people are buying a regular car for the day to day driving back and forth to work and a pickup for weekend stump removal, hauling lumber from Home Depot, tailgating, etc. Interest rates are certainly low enough that people could afford to maintain two vehicles as long as they don't use them every day.

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