Unless, gas prices continue to go up...
Price of oil this morning has already hit $122/bbl. The potential for Chrysler to give away more than a $1,000 rebate is rather large I fear.
I got to believe that it would indeed spur sales. However, I would want to have a REAL GOOD grip on projected oil/gasoline pricing for the next 3 years before I put my company out on a limb like that. Can't believe that Chrysler, or anyone else, has any kind of a super crystal ball that can even foretell what next week will bring - let alone three years from now.
If I had a choice as a consumer, I would certainly take the price cap on gas and forgo any $1,000 rebate right now - even if it is for the first 12,000 miles per year. Wouldn't even think twice about it.
While I think it's kinda of risky for an auto company to be trying this strategy at this particular time, I'd love to see it carry over to trucks, including diesel pickups.
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