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GM and Chrysler May Cut Back on Incentives Later This Year
July 2, 2009
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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About The Author
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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