Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
More At:
http://www.fool.com/News/mft/2003/mft03053004.htm?ref=btp


Rocky Road for Detroit's Big Three


By LouAnn Lofton (TMF Bling)
May 30, 2003


The big three U.S. automakers -- General Motors (NYSE: GM), Ford (NYSE: F), and DaimlerChrysler AG's (NYSE: DCX) Chrysler division --report their May sales this coming Tuesday. From the looks of it, many people skipped their chances to cash in on fat rebates or zero-percent financing, leaving the automakers in the uncomfortable position of weighing the costs and benefits of even deeper incentives.


Incentives during the first two weeks of May averaged $4,400 a vehicle, according to an article on USAToday.com. That's an astonishing amount -- but it doesn't seem enough to entice buyers. Did American auto shoppers listen to our own Robert Brokamp, who detailed the pitfalls of such "deals" early last month? Perhaps...
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.