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Sunday, November 23, 2008

Resale Value

CNN Money has a report on the top ten cars that have the highest resale value. In other words these are the cars that maintain value.

The obvious is that the list does not include one single car made by an American Big Three manufacturer - nothing new here.

The list is dominated by Honda, especially Toyota including Toyota's lower priced Scions, along with one BMW, and one VW car.

What exactly has Detroit been thinking all of these years - talk about existing in a separate reality.

CNN: Top 10 resale value cars

Then there is this from the GM website:
GM is already confidently moving into a bright future. See how GM is a leader in alternative fuel and fuel economy, technology, design, safety and quality.
This is like reading praise for the Bush administration.

2 comments:

Glynn Kalara said...

The BIG Three management is almost to a man living in the BV$H bubble of wealth and opulance. Remember these arrogant asswipes were going too create a reality we would all be obliged to live in. Well they're right but the reality is one of a huge economic calamity they created by their stupidity and their illusions. They will somehow profit by this and the rest of us will eat shit. Maybe, they were right after all?

Jim Sande said...

"The BIG Three management is almost to a man living in the BV$H bubble of wealth and opulance." - this is the key. There was enough cheap credit still going around that kept that game alive. Well that's all shot to hell.