No Clear Consumer Support for Automotive Bailout

CarGurus survey reveals 52% of respondents disapprove of a government bailout for GM and Ford

Consumer sentiment mirrors initial reaction to bank bailout package

CAMBRIDGE, Mass., Nov. 3 /PRNewswire/ -- CarGurus(R) ( http://www.cargurus.com/), a leading online automotive community, today announced the results of its survey of more than 8,000 online automotive consumers worldwide. Fifty-two percent of respondents said they do not support a government bailout for General Motors and Ford. While 48% do favor some sort of bailout, the survey illustrated the lack of consumer consensus on bailouts and in particular federal support for these leading U.S. automotive manufacturers.

Lack of consensus mirrors split over bank bailout package

"In these tough economic times, consumers appear to be torn on whether to support Ford and GM with some sort of federal assistance," remarked Langley Steinert, CEO/co-founder of CarGurus. "Not unlike the close votes in Congress on the bank bailout package, the nation is split on federal assistance for private industry. Many see it as a necessary step to save jobs, but an equal proportion find it hard to stomach using public funds to support private industry."

Survey Results

Across the CarGurus Network, 8,000 respondents answered the question:

Should the government bail out GM and Ford? (Total Votes = 8,000)

    --  No - 52%
    --  Yes - 48%

About CarGurus LLC

Located in Harvard Square, Cambridge, MA, CarGurus LLC is a leading online automotive community founded by Langley Steinert and Nick Shanny, formerly co-founders of TripAdvisor LLC, the 3rd largest online travel site in the world. CarGurus' founders, board, and investors bring a wealth of experience from such leading web companies as TripAdvisor, eBay, Expedia, and Yahoo. For more information about CarGurus, visit us at www.cargurus.com.

Web site: http://www.cargurus.com//




Review Article Be the first to review this article
Rand3D

Featured Video
Jobs
Mechanical Engineer for The Planate Management Group LLC at Perry Point, MD
Structural Engineer for The Planate Management Group LLC at Perry Point, MD
Upcoming Events
Design for Metal Additive Manufacturing Short Course at Revere Hotel Boston Common 200 Stuart St Boston MA - Nov 27 - 28, 2017
IMTS2018 International Manufacturing Tech Show at McCormick Place Chicago IL - Sep 10 - 15, 2018
Kenesto: 30 day trial
MasterCAM



Internet Business Systems © 2017 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise