Bob Lutz: CAFE 35 will increase price of GMs $6,000

Speaking at the Detroit Auto Show, Bob Lutz, Vice Chairman of GM, said, "This is going to be a net average of cost of $6,000 per vehicle which will have to be passed onto the consumer. The good news is it won't come all at once, because 35 mpg doesn't kick in all at once." Lutz goes on to claim that the average American will be forced to hold on to their cars longer, also increasing the cost of used vehicles. [Via eGM CarTech]