The data was gathered by Kelley Blue Book (KBB), and among other nuggets, is this one: some 48% of survey respondents remembered the recall that hit Toyota Motor Corp. (NYSE: TM) in 2010. A KBB analyst said:
Shoppers are willing to forgive, but not forget. Most likely, GM is maintaining its shopping traffic on KBB.com from buyers who are looking to capitalize on any deals that may be offered or because none of the current recalled vehicles are a part of manufacturer’s current product portfolio.
That might be giving consumers too much credit. It seems very unlikely that shoppers would remember which models were affected by the recalls and even less likely that they would know that none of those models is currently in production. For example, only 3% of those surveyed knew that a Saturn model was included in the GM recalls.
But looking for a bargain, that seems ultimately reasonable. According to KBB, Chevrolet’s traffic in February was up 25% year-over-year on the kbb.com website. KBB attributes the rising traffic to recent launches of new Chevy high-profile models like Corvette and Silverado. It helps that none of the spiffy new models is a Chevy Cobalt or a Pontiac.
GM’s shares are up about 1.1% in mid-afternoon trading on Wednesday at $34.34 in a 52-week range of $30.11 to $41.85.
ALSO READ: States with the Most Drunk Driving
Take Charge of Your Retirement In Just A Few Minutes (Sponsor)
Retirement planning doesn’t have to feel overwhelming. The key is finding expert guidance—and SmartAsset’s made it easier than ever for you to connect with a vetted financial advisor.
Here’s how it works:
- Answer a Few Simple Questions. Tell us a bit about your goals and preferences—it only takes a few minutes!
- Get Matched with Vetted Advisors Our smart tool matches you with up to three pre-screened, vetted advisors who serve your area and are held to a fiduciary standard to act in your best interests. Click here to begin
- Choose Your Fit Review their profiles, schedule an introductory call (or meet in person), and select the advisor who feel is right for you.
Why wait? Start building the retirement you’ve always dreamed of. Click here to get started today!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.