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GM Raising Prices on Most of Their Vehicles
April 28, 2011
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.
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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
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