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AUTOS: Consumers Skeptical Of Bankruptcies
Written by: SPEED Staff
SPEEDtv.com   
06/10/2009
Tustin, CA
 
U.S. consumers are skeptical of the government’s involvement in the auto industry, with 81 percent of respondents to a recent survey agreeing that the faster the government gets out of the auto business, the better.

The Henry Brown Buick-Pontiac-GMC dealership in Gilbert, AZ, was the first in the Southwest to feature GM's all-new exterior and interior design when it opened in January 2008. (Photo: General Motors) ยป More Photos
Following General Motors’ Chapter 11 bankruptcy announcement last week, automotive research and analysis firm AutoPacific conducted an online survey regarding government involvement in the auto industry.

“Clearly, Americans aren’t thrilled with government involvement in the U.S. auto companies,” said George Peterson, president of AutoPacific. “People believe the government should get out of the auto business as soon as possible.

“They do not have confidence that government involvement will bring the cars and trucks they want to buy to showrooms, nor that these vehicles will be more fuel efficient. And more than half think the companies should not have been saved by the government.”

Highlights from this survey of more than 900 U.S. consumers include:

• Eighty-one percent of the respondents agree that the faster the government gets out of the auto business, the better.

• Forty-eight percent disagree that having the government in charge of General Motors and Chrysler will result in more fuel-efficient cars and trucks.

• Fifty-four percent disagree that having the government in charge of General Motors and Chrysler will result in much cleaner cars and trucks.

• Sixty-six percent disagree that having
the government in charge of General Motors and Chrysler will result in cars and trucks Americans want to buy.

• Fifty-four percent of respondents believe that General Motors should have been allowed to fail, while 58 percent believe that Chrysler should have been allowed to fail.

Skepticism also surrounds Fiat’s takeover of Chrysler. American consumers do not see Fiat as Chrysler's white knight.

More than 47 percent of respondents believe that Fiat cars will not sell well in the U.S. Almost 43 percent believe that, bankruptcy or not, and Fiat control or not, Chrysler will fail in the next five years.

In contrast, only 19 percent believe that Fiat cars will be a welcome sight in U.S. dealerships, and only 13 percent say that Fiat cars will save Chrysler.
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