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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.
3 Steps Every Car Buyer Needs to Take to Save Maximum Money
The key to getting the best deal is to gather price or lease bids from as many local dealers as possible. Then shop that best price around until no one can beat it. Here are the steps:Step 1 Get Prices From My Trusted Network
Select the vehicle you're interested in to see if there are local dealers in my network who will provide you with their best upfront price. You will get direct access to an internet sales manager who you can further negotiate with online (no need to visit dealership).Select Vehicle to Get Local Pricing
Step 2 Get Prices From TrueCar / CarsDirect
TrueCar, and CarsDirect are my top 2 online price quote recommendations. These services show you pre-negotiated prices from dealers closest to you - and the deals are usually pretty decent. But remember, you can still negotiate further.Step 3 Complete my Checklist
Follow this up with my checklist to make sure you squeeze out every last bit of savings.- Gregg Fidan
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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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