Mike Chung Quotes

You're seeing more consumer interest in alternative fuels like natural gas and diesel. In Europe it's already gained a lot of traction. And a lot of automakers are jumping on the hybrid bandwagon. - Mike Chung

You may be saving $30 to $40 a month (the cost of one tank of gas for a typical driver. But is it worth a $4,000 or $5,000 premium? - Mike Chung

With the Japanese carmakers having so much momentum, it may be hard for GM and Ford to regain their growth. - Mike Chung

This really shows a commitment to stay at this plant. They will continue to build this vehicle despite the fact that it has had sales decreases. It shows they are willing to make an investment in this vehicle, particularly the fact that they will be putting a hybrid in this vehicle. - Mike Chung

This is a reflection of all three domestic manufacturers lowering incentives across the board. It's a good and positive first step, but that's what it is - a first step in the right direction. - Mike Chung

The level of incentives in the [auto] industry is not sustainable. [While Detroit has resorted to short-term fixes, like raising prices to cover the incentives, $4,000] is the point of no return. You can't keep offering incentives. People will always ask, 'What's next?' - Mike Chung

The gains by foreign manufacturers are at the cost of the domestic manufacturers. - Mike Chung

The domestic [carmakers] in particular are working hard to get consumers away from incentives as much as possible. - Mike Chung

Some large SUVs in particular you saw a sticker price of $40,000 or $50,000, but the actual transaction price was more in the neighborhood of $30,000. - Mike Chung

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