RealCarTips Logo

GM Dealers Offering Huge Discounts

March 15, 2012

There's a perfect storm brewing this month for those interested in buying a GM vehicle (Chevrolet, Buick, Cadillac, or GMC).

GM has an incentives program that pays dealers cash bonuses at the end of each quarter IF they manage to sell at least one extra vehicle compared to the quarter from a year earlier.

The cash bonus is about $175 for each vehicle sold during the quarter. A dealer that sells 100 cars per month would get a bonus of around $50,000 if they qualify.

Think about that for a second. This is a win-or-lose bonus; a dealer either gets the entire bonus or gets nothing. Now imagine if a high-volume dealer only needs to sell a few more vehicles this month to qualify - they would literally be willing to give away the vehicles for free.

Here's where it gets even better. Last year around this time, GM had been offering large incentives, so sales this quarter are down about 2% compared to the same time last year. The majority of GM dealers are at risk of losing out on this bonus.

The quarter ends on March 31st. I urge you to contact as many GM dealers as possible between now and the end of the month and get as many price bids as you can. It's quite possible that you'll run into one or two dealers that need a few extra sales to hit this bonus. If you do, you're sure to land an incredible deal - and I'd love to hear about it.

A quick and easy way to get prices from multiple dealers is to use the free CarWoo Tool.

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

Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
  • 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
Enter Your Email Below

(Absolutely NO SPAM, easy to unsubscribe)
×

Gregg Fidan

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.

Latest Weekly Car Buying Tips    RSS Feed

September 12, 2019
September 5, 2019
August 29, 2019
August 22, 2019
August 15, 2019
August 8, 2019
August 1, 2019
July 25, 2019
July 18, 2019
July 11, 2019
July 4, 2019
June 27, 2019
June 20, 2019
June 13, 2019
June 6, 2019
May 30, 2019
May 23, 2019
May 16, 2019
I welcome your car buying questions. Email Me and I'll be glad to answer them!