GM Raising Prices on Most of Their Vehicles
GM recently announced that effective May 2, the price of most new GM vehicles will go up by an average of $123 due to higher oil and metals costs.
Toyota and Ford have already increased prices this year.
On April 4, Ford Motors announced a 0.4 percent price hike, raising the average new Ford sticker by $117.
In March, Toyota announced a 2 percent hike for select models.
Last month's disaster in Japan have placed a strain on new car production for both Japanese and American automakers, resulting in a strain on consumers' pocketbooks.
If you're considering buying a GM vehicle (Chevrolet, Cadillac, Buick or GMC), you should try to buy one with a production date before May 2nd to take advantage of the lower price.
My Recommendation for Car Shoppers
TrueCar and Edmunds are the quickest way to see the lowest car prices in your area. These sites show you no-haggle prices from dealers closest to you - and the deals are usually really good. This should be the first step you take when negotiating your car price. Follow this up with my checklist to make sure you squeeze out every last bit of savings.- Gregg Fidan
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid
About: Gregg Fidan
Gregg Fidan is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.
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