(200 Total References)
2011 November | RVNana
"For Boomers, a car wasn't just a car," says George Hoffer, a Virginia Commonwealth University economics professor and auto analyst.
Under the laws of most states, ...
Under the laws of most states, a rebate is treated "as a form of cash payment (to the seller) so it doesn't affect the transaction price," said George Hoffer, professor of economics at Virginia Commonwealth University.
"Lower list prices and cutting dealer margins forces the dealer into narrow band of prices," Hoffer
kvue.com | News for Austin, Texas | Automotive
GM's economic model and reliance on high production of profitable vehicles still makes sense, said George Hoffer, an economist at Virginia Commonwealth University in Richmond who follows the auto industry.
"There's no reason to panic or abandon the model," Dr. Hoffer
George Hoffer, a business ...
George Hoffer, a business professor at Virginia Commonwealth University who follows the auto industry, said inventory numbers have already improved.
The latest figures show that GM
has a 111-day supply of cars and trucks, down from 122 last month, and supplies of some trucks are dropping dramatically.
The Tahoe has a 72-day supply, down from 116 last month, and the Suburban has a 64-day supply, down from 131.
says some of the automaker's supply problems stem from dealers who can't get financing to order vehicles.
"I'm really wondering if the root cause is dealers who have no financing," he
"Production doesn't get scheduled until you have an order from a dealer."
has received $13.4 billion in government loans and faces a June 1 deadline to cut its debt and reduce costs.
If it doesn't meet the deadline, its CEO has said it will enter Chapter 11 bankruptcy protection.
and Cole also echoed industry rumors that some of GM's
13 plants may not reopen after the shutdown.
"We have never gotten the full ...
"We have never gotten the full benefits of any safety technology ever invented because people have adjusted their behaviors due to these technologies," says George E. Hoffer, professor of economics at Virginia Commonwealth University.
He was speaking to me back in 2007 when I was writing a column for a syndicate that is now The North Star National.
has spent four decades studying and writing about what's called "offsetting behavior" resulting from automobile safety features such as seat belts and air bags.
research has found that when drivers know their cars have safety devices, they tend to behave less responsibly behind the wheel.