Mike Chung Quotes

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

Tags

Level | Incentives | Auto | Industry | Sustainable |

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Overall, people are generally getting better deals than in the past. I would say, for the most part, it is (a better deal) because it makes the negotiation process a lot simpler. - 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

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