I don't understand why you people think this car will cost $38k
I'll put this as simply as I can. YOU WILL NOT BE ABLE TO BUY THIS CAR FOR UNDER $60K (at least for the first couple of years).
1. This car will have a sticker price of under $40k (some are hoping under $30k)
2. They will make more than 10,000 units its first year to satisfy demand and lower the price
The sticker price will be closer to $50k!! I know, I have nothing to base this on but look at it's history. First GM hinted at trying to keep the cost below $30k. Then as time progresses they keep adding to the price. I'm guessing the STICKER price will be $50k. Now look at the numbers. Already the waiting list (granted not everyone on the list can write a check for $55,000) is over 30,000 people. Let's see, if they produce 10,000 units with a demand more than 10,000 units, the price skyrockets (remember back in the early 90s when the miazda miata with a retail price of $30k were going for $40k (or was it $20k and $30k) or even now that the Prius sells for $8k over sticker?)
My point is, please stop saying the actual retail price for this car will be under $40k. I'm guessing the actual price paid for one of these cars will be closer to $60k. After 2 years when supply and competition increases, you'll see the price come down.
I guess we'll have to wait until 2010 to see who is correct.