Even under normal circumstances, I wouldn’t buy a GM or Chrysler car, since they are — generally speaking — crap. But since the bailouts, I wouldn’t buy a GM or Chrysler car even if I were otherwise inclined to do so.
It seems that I’m not alone. GM and Chrysler’s sales are down dramatically since a year ago, GM’s by 45% and Chrysler’s by 42%. Meanwhile, Ford’s sales are down just 5%, which seems to indicate that this is not merely a function of the economic slowdown or the end of cash-for-clunkers.