The cash for clunkers program encouraged people to go out and
buy a new car. But a lot of those people were not quite ready to
buy, so they chose the lowest priced cars they could find....Fords.
That is why Ford saw a bump in sales late last year.
Plus, both Chrysler and GM are on such financially shaky ground
that people aren't about to spend money on a major purchase
from a company that may not be around in a couple of years.
In fact, Chrysler will be lucky to survive 2010, as their products are
decidedly poor quality. With the government now calling the shots
at GM, no product line, and GMAC about to go under, they don't
have a chance at survival either.
Don't be surprised to see Ford falling into step and requesting a bail-out later this year as well.