How come prices not dropping significantly for chrysler and GM cars even though they both filed bankruptcy?

Oct 28th, 2011
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Question by planet yahoo answers: How come prices not dropping significantly for chrysler and GM cars even though they both filed bankruptcy?
many chrysler, GM cars still $ 25000+ even after filing bankruptcy. Are they serious? Wouldn’t a person be better off in buying a toyota, honda or nissan for that kind of price?

if they really want to sell they should drop the price to $ 10,000 or below.

Best answer:

Answer by Spud
That’s exactly why they are bankrupt. They don’t know how to market their products.

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  1. harry g
    Oct 29th, 2011 at 00:16
    Quote | #1

    why lower prices and spend more to built a car then sell at a loss

  2. SFC_Ollie
    Oct 29th, 2011 at 00:51
    Quote | #2

    I have seen advertisements where they were talking 40% off. I would call that a significant drop.

    SFC
    US Army
    Retired

  3. Steven C
    Oct 29th, 2011 at 01:08
    Quote | #3

    I don’t know where you’re at, but where I’m at they are selling Jeep and other Chrysler cars at $ 10,000.00 off sticker.

  4. Liberal Democrat
    Oct 29th, 2011 at 01:13
    Quote | #4

    This is why Obama told them to step down. They don’t know when to quit. The CEO of GM used stimulus money to give all the top guys bonuses. They overcharge for their cars, and they were heading to the brink of death. If Obama hadn’t stepped in this would have been a lot worse. Many companies have filed for bankruptcy and GM and Chrysler wont be the last.

    -Billy

  5. perception
    Oct 29th, 2011 at 01:30
    Quote | #5

    Technically, since it was tax payer money that bailed these companies out the real question should be… why can’t I just go and pick out what ever car i want since I paid for it already anyway?

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