Tom Libby Quotes

They are trying to keep inventory turning by lowering the price through incentives. But obviously the vehicle is under pressure already.

- Tom Libby

Tags

Inventory | Turning | Lowering | Price | Incentives |

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Right now the domestic brands do not have the reputation that would allow them to go without incentives. Chrysler tried it three years ago. Then two weeks later they got right back on the incentives because without them they couldn't market anything. The brand strength of Honda, the history of reliable, durable products, is great enough to pull in prospects without customer cash. - Tom Libby

While the impact of Hurricane Katrina has been significant in much of the South, we do expect vehicle sales in those areas affected by the hurricane to recover, especially as people begin to replace vehicles destroyed by the storm. - Tom Libby