Wednesday, May 20, 2009

Does Bankruptcy Hurt Car Sales? Part II

Bloomberg put up an article that provides a little more detail on Chrysler's success since the bankruptcy filing.

The article states:

Chrysler’s U.S. sales fell about 30 percent through May 18, less than a drop of as much as 33 percent for all automakers, said Gary Dilts, senior vice president of consumer-research firm J.D. Power & Associates, which collects data from 6,000 dealers.

The article quotes sources as saying the success can be attributed to incentives of as much as $6,000 per car and President Obama's assurances that Chrysler would survive.

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