Tom Libby Quotations

We believe that prices have to actually get to $4 per gallon and remain there for one year for there to be a substantial shift.

There is definitely a movement downward. Everyone has been talking about the decline in big SUVs, but no one has really talked about this similar movement away from large luxury cars.

There is definitely a movement downward, ... Everyone has been talking about the decline in big SUVs, but no one has really talked about this similar movement away from large luxury cars.

If they were to switch back to incentives, frankly, it would undermine everything they've done.

For there to be a major shift in the industry, prices have to go well above $3 a gallon and remain there consistently. If you do the math it's still going to take many, many years to recoup your extra price through gas savings.

Some of the models -- the Ford Five Hundred, the Ford Freestyle -- were just being launched in October, ... The Chevy Cobalt is just hitting showrooms now.

Toyota, Honda and BMW continue to do well at the retail level. GM and Ford need to stop their retail share deterioration, and GM hopes their March madness campaign will help do that.

We believe at $3 a gallon there's not enough bite in a person's pocketbook to make a big difference,

The deal will fade, but the vehicle will be with you for years. Get something that you'll enjoy, that holds its value, because you'll have to live with it down the road.

There are a couple of schools of thought on this,

Both Toyota and Honda have about the shortest turnaround times between model changes than anyone else in the industry. They replace a model now every five years or so.

American Honda is benefiting from positive reviews and word of mouth about its new Civic, as well as continued incremental sales of its Ridgeline midsize pickup. General Motors is also showing signs of life, as it out performed the industry for the first time in many months.

They don't seem to be able to make money there.

They are small, and one might think this is inconsequential but their numbers are creeping up. I don't think, based on what we know about Toyota, they should be ignored.

It seems like there's a lot of good initial buzz on this product.

Ford has had a gap for a long time between its Focus and its Five Hundred. Now ... it's apparently hit the sweet spot. It also helps that the Fusion has gotten extremely positive reviews in the automotive press.

It's one of the, if not the most competitive segments. You have high-volume brands, and a lot of their entries in that segment are flagship models.

It's somewhat surprising that they would come forward with a big incentive program at this time. Their pricing program seems to be getting some traction, and they're getting some momentum from their new models.

It keeps Honda and Toyota sort of looking at Nissan. The fact that Nissan is refreshing their product periodically keeps Honda and Toyota on their toes. It keeps that market very competitive. I think it's a positive for Nissan and a positive for the whole segment. The benefit is the consumer has a lot of great choices.

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

go over $3 and close to $4 and stay at that level for at least a year.

The incentive data include 13 different types of incentives and includes lease incentives. It is very comprehensive.

You've got dealers hesitant to order 05's until they move the 04's; the 05's are being squeezed out,

The Lincoln brand itself is suffering greatly right now, and in order for any car from Lincoln to be a hit or a home run, it's going to have to be a superstar.