Thursday, June 19, 2008

Buying a Car in the Present Market

Joseph R. White writes a column in the WSJ entitled "Eyes on the Road." It deals with the auto industry and things automotive. In a column on June 10, he included the following:

There is a case [to be made] that consumers who want to buy into the next generation of transportation technology shouldn't buy a new car until 2010 or 2011. By then, General Motors Corp. has promised to deliver its hybrid-electric Chevrolet Volt; Nissan Motor Corp. has said it will begin offering electric cars; Honda Motor Co. and several European manufacturers have promised to launch in the U.S. new, advanced, high-mileage clean diesel cares; and Toyota Motor Corp. might have a whole family of hybrid vehicles based on the next generation of Toyota Prius.

Not that we buy new cars around our house.

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