GM Dealers Offering Huge Discounts
GM has an incentives program that pays dealers cash bonuses at the end of each quarter IF they manage to sell at least one extra vehicle compared to the quarter from a year earlier.
The cash bonus is about $175 for each vehicle sold during the quarter. A dealer that sells 100 cars per month would get a bonus of around $50,000 if they qualify.
Think about that for a second. This is a win-or-lose bonus; a dealer either gets the entire bonus or gets nothing. Now imagine if a high-volume dealer only needs to sell a few more vehicles this month to qualify - they would literally be willing to give away the vehicles for free.
Here's where it gets even better. Last year around this time, GM had been offering large incentives, so sales this quarter are down about 2% compared to the same time last year. The majority of GM dealers are at risk of losing out on this bonus.
The quarter ends on March 31st. I urge you to contact as many GM dealers as possible between now and the end of the month and get as many price bids as you can. It's quite possible that you'll run into one or two dealers that need a few extra sales to hit this bonus. If you do, you're sure to land an incredible deal - and I'd love to hear about it.
A quick and easy way to get prices from multiple dealers is to use the free CarWoo Tool.
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
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.Latest Weekly Car Buying Tips
November 2024
- Best Black Friday Car Deals 2024 Nov 28, 2024
- Top 100 Cheapest New Cars Right Now Nov 28, 2024
- Real Prices of New Compact SUVs Nov 28, 2024
- Cheapest Luxury Lease Deals Nov 28, 2024
- All SUV Lease Deals Compared November 2024 Nov 21, 2024
- New Cars with the Most Available Inventory Nov 21, 2024
- Best Car Deals Around the Country Nov 21, 2024
- Real Prices of Pickup Trucks Nov 21, 2024
- How to Get $2,000 Discount on Any Tesla Nov 15, 2024
- Top 100 Cheapest Lease Deals Nov 14, 2024
- Biggest Discounts on New Cars November 2024 Nov 14, 2024
- Cars With the Largest Rebates Nov 14, 2024
- Real Prices of Midsize SUVs Nov 14, 2024
- Best 0% Finance Deals November 2024 Nov 07, 2024
- Best Bang for Your Buck Lease Deals Nov 07, 2024
- Best Electric, Hybrid Lease Deals Nov 07, 2024
- Real Prices of Large SUVs Nov 07, 2024
October 2024
- Best Car Deals by Category Oct 31, 2024
- Real Prices of Compact Cars Oct 31, 2024
- Which Cars Better to Lease or Buy Oct 31, 2024
- Largest Hidden Dealer Rebates Oct 31, 2024
- Nissan Special Deals Alert Oct 24, 2024
- Real Prices of Midsize Cars Oct 17, 2024