Quotations
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Mike Chung Quotes
«Hurricane Katrina was definitely a catalyst for gas prices but even before that we were facing an upward trend in prices.»
Author: Mike Chung
«You're seeing more consumer interest in alternative fuels like natural gas and diesel. In Europe it's already gained a lot of traction. And a lot of automakers are jumping on the hybrid bandwagon.»
Author: Mike Chung
«But hybrids are more likely to be a stop-gap for something further down the road like fuel-cell technology, which is at least 10 years away.»
Author: Mike Chung
«The domestic [carmakers] in particular are working hard to get consumers away from incentives as much as possible.»
Author: Mike Chung
«If you find a vehicle that you really like, now's a great time to get it. But one of the issues with employee pricing is the inventory was depleted very quickly for the most-desirable vehicles.»
Author: Mike Chung
«If I had to bet the farm, I'd say Buick will be the one that goes.»
Author: Mike Chung
«I wouldn't rush to get rid of either line because of the costs associated with the move. But if GM's share continues to drop and gets down near 21 percent, I see them taking steps to phase out Buick.»
Author: Mike Chung
«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.»
Author: 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?'»
Author: Mike Chung
«Chrysler had good momentum in 2005 and that will probably continue in 2006.»
Author: Mike Chung