Last post on Sep 18, 2010 at 11:55 AM
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#33 of 33 Re: Give 'em a few years. [anythngbutgm]
Sep 18, 2010 (11:55 am)
Well, if you think that the US will allow a vehicle to be released into the US without meeting the safety standards, that won't happen.
As for people buying the panda, if it is released into the US, they will.
The $4,000-$6,000 price range that is to be expected will mean that these cars will flood high school and college parking lots, not to mention metro areas.
As for the looks, the Smart Car has proven that a large amount of people don't care about looks.
People have tried comparing the Geely to the Yugo, but the big difference is that the Geely is made by a country that knows how to manufacture. The Yugo wasn't.
There were those who declared that Hyundai and Kia were doomed to failure in the US too. Look at them now.
Believe what you want, but if the Panda hits the market at $4-$6k, then I see it selling well, regardless of what one believes.
From an economic standpoint, if the vehicle sold for for around $4800, on a 48 month loan with high interest (8-9%), the payments would be just over $100/month. That would make this vehicle very appealing in a lot of people's eyes.