My guess is that foreign automakers aren’t offering as large as incentives. Plus, the sheeple circle like vultures when they hear and see the word “bankruptcy” thinking there are great deals to be had regardless if they really need or can afford a new car.
In addition, didn’t GMAC loosen their credit standards recently? Don’t know if the foreign auto makers did the same.
Now that we have Gov’t Motors I’m sure there will soon be tax breaks in perpetuity for buying their cars. The taxpayer investment will hardly stop even at $100 billion. But hey at least we’ll have small cars that get 40 mpg but gets crushed like an aluminum can in a wreck. And, we can all smile because we are “saving” the planet. Seems like a good tradeoff.
Good luck Gov’t Motors and Chrysler, I will never buy one of your cars again.
