Originally Posted by Cochise
Also, one thing I noticed on this topic is that I keep seeing ads from a local dealership on TV that (supposedly) has Expeditions discounted 10 grand, including a bunch of leftover models from last year. Sounds like they can't sell those guzzlers for crap right now.
The gas price thing doesn't bother me all that much since my commute is short and I've been starting to take the bike to work a lot more. The 45mpg+ you get on it doesn't suck.
From what I’ve read that’s exactly what’s going on. GM went and invested too much into the SUV market and that’s why they’re laying off 25,000 and offering “employee discount” pricing as incentive to get rid of this overstock.