Automotive News / Industry / Future Vehicle Discussion Automotive news and discussion about upcoming vehicles

14% more likely to buy GM because of money back guarantee

Thread Tools
 
Search this Thread
 
Old Sep 14, 2009 | 10:22 AM
  #1  
Z284ever's Avatar
Thread Starter
Registered User
 
Joined: Nov 2000
Posts: 16,176
From: Chicagoland IL
14% more likely to buy GM because of money back guarantee

I usually hit Rasmussen to follow "Dear Leader's" cratering poll numbers, but I saw this:



http://www.rasmussenreports.com/publ...back_guarantee
Old Sep 14, 2009 | 10:42 AM
  #2  
Good Ph.D's Avatar
Registered User
 
Joined: Sep 2004
Posts: 1,597
From: Mack and Bewick
General Motors is now promising a 60-day money-back guarantee to all purchasers of its cars and trucks, and 14% of Americans say they are more likely to buy a GM vehicle because of it.

A new Rasmussen Reports national telephone survey finds that just eight percent (8%) say they are less likely to buy a GM vehicle because of the money-back guarantee. Seventy-five percent (75%) say the offer has no impact on their purchasing decisions.

GM vehicles include Buick, Cadillac, Chevrolet, GMC, Opel, Pontiac, Saturn, Saab and Hummer. Among those who already own one of these products, 18% say the guarantee makes them more likely to buy GM again. Nine percent (9%) of current GM owners are less likely to do so, and 70% say they are not influenced by the offer.

Fifty-five percent (55%) of current GM owners now say they are at least somewhat likely to buy their next car from the bailed-out company, up 13 points from early June.

Among all Americans, 32% say it is at least somewhat likely that they will buy their next car from GM, and that’s up six points from June. That includes 15% who are Very Likely to do so. That figure is little changed.

Earlier research showed that 41% of Americans expect the quality of GM cars to get worse now that the federal government is the majority owner of the automaker. Just 19% believe the quality of GM cars will improve under government ownership.

Last month, GM announced another experiment to encourage auto sales, selling new cars on eBay. Twenty percent (20%) of Americans say they would buy a new car online, but 68% would not.
Interesting points highlighted.

Apparently there is an assumption that quality will decrease, as apposed to remaining stagnant or even improving since the government stake.
Old Sep 14, 2009 | 12:17 PM
  #3  
Z28Wilson's Avatar
Registered User
 
Joined: Aug 2000
Posts: 6,165
From: Sterling Heights, MI
Originally Posted by Good Ph.D
Apparently there is an assumption that quality will decrease, as apposed to remaining stagnant or even improving since the government stake.
I believe this feeds into the whole "government can't do anything right" opinion that many have. I can't say I'm surprised.
Old Sep 14, 2009 | 12:52 PM
  #4  
soul strife's Avatar
Registered User
 
Joined: Apr 2005
Posts: 824
From: North of Cincy
Originally Posted by Z28Wilson
I believe this feeds into the whole "government can't do anything right" opinion that many have. I can't say I'm surprised.
I agree with this. That's why the faster they pay off their "loan" the better.
Old Sep 14, 2009 | 01:00 PM
  #5  
OutsiderIROC-Z's Avatar
Registered User
 
Joined: Aug 2003
Posts: 2,688
From: Middle of Kansas
Originally Posted by Z28Wilson
I believe this feeds into the whole "government can't do anything right" opinion that many have. I can't say I'm surprised.
Old Sep 14, 2009 | 01:21 PM
  #6  
99SilverSS's Avatar
Registered User
 
Joined: Jun 2000
Posts: 3,463
From: SoCal
Well the good news is there is one organization with a worse public opinion than GM but unfortunately the same public now thinks they are connected.

IMO the new 60-day buyback guarantee is a win for consumers more than for GM. Just about the time when the new car smell wears off and any problems arise or the realization that the payment is too high sink in within 60-days and they can just come back and drop off the car and keys.

On the other hand no matter how this goes it's something that Ford, Toyota and Honda don't have right now and so stays a selling point until they are likely to match.

In the end it’s good to see the "new" GM trying new things to draw interest to the brands. And for the most part by this poll the eBay and 60-day guarantee don't seem to be hurting their image.
Old Sep 14, 2009 | 01:45 PM
  #7  
Aaron91RS's Avatar
Registered User
 
Joined: Mar 2000
Posts: 162
From: St. Louis, MO
A new Rasmussen Reports national telephone survey finds that just eight percent (8%) say they are less likely to buy a GM vehicle because of the money-back guarantee.
I can't fathom some people's thought process.
I can see them being indifferent but to actually now be less likely to buy because your getting a free value added service is beyond incomprehensible.

I tell you what. Today only you can sign a waiver that says you aren't eligible for the money back guarantee. I guess now you're more likely to want the deal?
Old Sep 14, 2009 | 02:04 PM
  #8  
Z28Wilson's Avatar
Registered User
 
Joined: Aug 2000
Posts: 6,165
From: Sterling Heights, MI
Originally Posted by Aaron91RS
I can't fathom some people's thought process.
I can see them being indifferent but to actually now be less likely to buy because your getting a free value added service is beyond incomprehensible.
I thought that was odd as well. The only thing I can think of is that these few people see this as just another government program to move cars, like C4C, which sours them on the whole idea.
Old Sep 14, 2009 | 02:47 PM
  #9  
Geoff Chadwick's Avatar
Registered User
 
Joined: Apr 2002
Posts: 2,154
From: All around
FWIW, Lutz just said on the fastlane chat that they expect less than 2% of the cars sold during the 60 day program to be returned. Discuss.
Old Sep 14, 2009 | 03:36 PM
  #10  
jcamere94z28's Avatar
Registered User
 
Joined: Jan 2000
Posts: 1,512
From: Miami, FL, US
Originally Posted by Geoff Chadwick
FWIW, Lutz just said on the fastlane chat that they expect less than 2% of the cars sold during the 60 day program to be returned. Discuss.
well, we will see...
Old Sep 14, 2009 | 04:37 PM
  #11  
SSCamaro99_3's Avatar
Registered User
 
Joined: Apr 2003
Posts: 1,179
From: Ballwin, MO
Originally Posted by Geoff Chadwick
FWIW, Lutz just said on the fastlane chat that they expect less than 2% of the cars sold during the 60 day program to be returned. Discuss.
I have not read every line of the deal, but if I had already paid tax, title, and license, I would not be bringing the car back unless I hated it or really couldn't afford it. Unless they are refunding those you are out about $2000 (on a $30,000 car) around here for the privelege to drive it for 2 months.
Old Sep 14, 2009 | 04:46 PM
  #12  
super83Z's Avatar
Registered User
 
Joined: Dec 2000
Posts: 1,214
From: City of Champions, MA, USA
Originally Posted by Aaron91RS
I can't fathom some people's thought process.
I can see them being indifferent but to actually now be less likely to buy because your getting a free value added service is beyond incomprehensible.

I tell you what. Today only you can sign a waiver that says you aren't eligible for the money back guarantee. I guess now you're more likely to want the deal?
Its probably more just the die-hard haters. They hate GM so much a cash paint job couldn't sway them over.
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
DirtyDaveW
Forced Induction
13
Dec 1, 2016 05:37 PM
dbusch22
Forced Induction
6
Oct 31, 2016 11:09 AM
PFYC
Supporting Vendor Group Purchases and Sales
0
Jan 23, 2015 01:13 PM
ddr698
Parts For Sale
2
Jan 9, 2015 10:05 AM
browenb
Parts Wanted
1
Dec 23, 2014 04:43 PM




All times are GMT -5. The time now is 04:51 AM.