GM and Chrysler May Cut Back on Incentives Later This Year
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.
My Recommendation for Car ShoppersTrueCar No-Haggle, CarsDirect, and Ryde Shopper 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