Consumer demand for autos returns will be a LONG time before that takes place again. More people are buying used then new which mechanics, auto parts stores are now gaining more business. People are grasping on property THEY own instead of property a bank/lender owns as there is uncertainty if one were to be able to keep things that been paying for for years and then they lose it all. The way things are now is a real eye opener which comes to show that these major business's for years had a large markup on their products. For economy to turn like this then price drops take place and companies still making money comes to show that 5-10 yrs ago these companies were over pricing their products in turn making double/triple their earnings and having record years every year. What these major companies don't get is that those over priced products of their's is actually what hurt the economy as well and now they are seeking help because the head hancho's of the companies spent it on their private jets, vacation trips, million/billion dollar homes, having large expense accounts, etc. The only person I give credit to is the CEO of GE (General Electric) which took his yearly bonus and his wage increase and put it back into the company instead of him engulfing himself with more money when he has plenty. GM and the rest of the auto yahoo's straight up didn't want to give up their private jets and just fly first class or even coach on a standardized airline. So I wouldn't even help them if it were my decision. As I don't have respect for those who use, abuse and then ask for more.
GM has some really good cars out there right now and better stuff on the way, they just need to get through their financial problems right now, once they do they'll bounce back.
