Wednesday, May 27, 2009

More Bad News for US Car Makers: People Like Imports

I think this survey should put fear in the hearts of Obama Motors going forward. Foreign cars are just more reliable and you can count on your dealership being there when it is time to buy a new one. You can't say that for Obama Motors. You might be forced to go to the DMV to service your GM or Chrysler going forward. Just having to do that will sell another 100,000 Toyotas.

The Harris Interactive poll showed that just over half -- 54 percent -- of domestic car owners in the United States believed their primary dealership will still be around in three to five years' time.

Among owners of foreign-made cars, nearly three quarters thought their dealership would still be in business a few years down the road.

And of those who plan on buying or leasing another new car in future, import owners were more likely to stick with the same brand than US-made owners -- 61 percent versus 54 percent.

Just 53 percent of American car owners said they thought the company that made their vehicle is moving in the right direction, against 72 of imported car owners.

1 comment:

Joemama said...

I'm not so sure about work camps because they will be very hard to cover up with the 24 hour news cycle. I would be more afraid if you own the debt of any government connected company. You will take a 75% haircut and you will like it.