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Automakers Slash Prices

16 September 1998

ADVISORY/Automakers Slash Prices

    --Sept. 16, 1998--

    TOPIC: A decline in consumer confidence and a changing world market have led to an apparent automotive price war. According to reports, manufacturers are adding features to their 1999 lines even as they cut sticker prices by as much as $5,000. The reductions are due in part to cost-cutting by automakers, as well as lower than anticipated sales at dealerships.

    EXPERTS: ExpertSource can offer several highly qualified experts to comment on this story:

    Tarry Shebasta is President of Automobile Consumer Services, Inc. He has spent 8 years in the automotive industry and focuses on retailing and buying services. 513-624-0551, ex. 11 acs@acscorp.com

    Gary Edgar is Vice President of Reed Exploration Companies, and has 16 years experience in the wholesale automotive industry. 617-630-2263 bpudney@ix.netcom.com

    Gregory Chow is a Professor of Economics at Princeton University and focuses on the demand for automobiles in the U.S. 609-258-4030

    Richard Hill is a Professor of Sociology at Michigan State University and concentrates on the automobile industry. 517-353-5012



ExpertSource cannot guarantee the immediate availability of these experts or their familiarity with this specific issue.

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