Tom Libby Quotations

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.

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.

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

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.

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

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.

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

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.

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