Tom Libby Quotes

It is definitely a warning signal. - Tom Libby

If they were to switch back to incentives, frankly, it would undermine everything they've done. - Tom Libby

I think incentives are very much an integral part of the industry. It's a very sophisticated pricing tool. The Asians are clearly much more into the incentives game this year. - Tom Libby

Go over $3 and close to $4 and stay at that level for at least a year. - Tom Libby

General Motors is showing signs of life. - Tom Libby

Ford has had a gap for a long time between its Focus and its Five Hundred. Now ... it's apparently hit the sweet spot. It also helps that the Fusion has gotten extremely positive reviews in the automotive press. - Tom Libby

For there to be a major shift in the industry, prices have to go well above $3 a gallon and remain there consistently. If you do the math it's still going to take many, many years to recoup your extra price through gas savings. - Tom Libby

Even with the lower net pricing, the transaction price is creeping up in the broad sense. There is movement (by buyers) from one segment to another. And the brands have added new models, and those new models are priced in the upper range of the brand. - Tom Libby

But the price of gas also has a huge impact on the mix of cars and trucks that are sold. - Tom Libby

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