GM Releases Huge Incentive Programs
The program will consist of sales events such as "Season's Best" (Cadillac), "Red Tag Sale" (Chevrolet), and "Holiday Event" (for Buick and GMC).
The incentives are part of GM's efforts to whittle down its remaining 2009 inventory. Excess vehicles on the market have kept the company's incentive spending at about $4,000 per unit � the highest in the auto business. Their goal is to maintain the inventory at about 425,000 to 450,000 units.
Currently, GM holds a U.S. market share at 19.5 percent. This October, its sales increased by 5 percent compared to last year. The 2009 inventory is expected to clear out by January 2010.
The "Season's Best" Cadillac event has already begun on November 11th. Details about the other programs have not yet been announced, but keep your eyes open for more information over the next week or so.
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