GM and Chrysler May Cut Back on Incentives Later This Year
Now that GM and Chrysler are going through bankruptcy, they're planning to cut back on a lot of spending, including up to $3,000 in incentives per vehicle.
GM and Chrysler currently have one of the highest incentives spending in the industry.
GM plans to shut down 13 plants by 2010. Chrysler will also be closing several plants.
This will reduce the number of vehicles produced giving GM and Chrysler an advantage as far as supply and demand go.
If car sales pick back up, it's almost a certainty incentives on GM and Chrysler will go down, by as much as $3,000 per vehicle.
If sales do pick back up, the next 3-6 months offer the best opportunity to get the best deals on GM and Chrysler cars.
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