Report: GM To Raise Incentives On Trucks, Hybrids, Crossovers; G8 Gets $1000

Perian · 07-31-2008, 07:50 PM

Link: http://www.autonews.com/apps/pbcs.dl...852595349/1078

DETROIT -- General Motors plans to offer big cash incentives to move its GMC trucks -- including hybrids.

GM also will offer cash on some of its new crossovers and cars, such as $1,000 bonus purchase cash on the new Pontiac G8 sedan.

In a memo to its dealers, GM says it plans to offer $4,000 bonus cash on the purchase of the 2008 GMC Yukon and Yukon XL, including the new hybrid variant of the full-sized SUV starting Friday, Aug. 1, and running through Aug. 19. The automaker also will offer $2,000 customer cash on the 2008 Yukon hybrid, making a maximum $6,000 discount.

Those incentive figures are preliminary and could change Aug. 1 after GM releases its earnings, says Pete Ternes, GM spokesman.

In the memo, GM plans to offer $750 purchase bonus cash on the new 2008 GMC Acadia and Buick Enclave crossovers, Pontiac G6 sedan, Buick LaCrosse and Lucerne sedans and Sierra HD gasoline variant pickup. GM will offer $500 on the 2008 Pontiac G5 compact car and Solstice roadster. The 2009 Pontiac Vibe car will get $500 customer cash.

GM is offering $6,000 total cash -- $4,000 purchase bonus cash and $2,000 customer cash -- on the 2008 GMC Envoy SUV.

GM is offering from $1,500 to $3,000 purchase bonus cash on various versions of the GMC Sierra pickup along with 0 percent financing through 72 months on the 2008 Sierra LD extended and crew cab versions and the 2008 Yukon and Yukon XL, not including the hybrid.

Perian · 07-31-2008, 07:51 PM

No mention of a subvented leasing program.

With regard to the G8, I would assume the $1000 applies to the V6 model only.

Also - the GM SmartBuy incentive program will be discontinued on October 1st.

dindak · 07-31-2008, 08:17 PM

Noticed GM is offering 0-72 in Ontario on 2008 Malibu. Pretty good deal on a A+ car.

New_Mexico_Sunset_on_Rt66 · 07-31-2008, 08:26 PM

Nissan is offering $6000 back on a Titan here in Iowa. Saw an ad last week talking about that. Then $4000 back on another model, on down to about $2000 back I believe, for a different model.

CamaroCrazy · 07-31-2008, 08:34 PM

Needed: A light at the end of the tunnel

These slow sales are depressing

eurohazard · 07-31-2008, 08:40 PM

Quote:

Originally Posted by New_Mexico_Sunset_on_Rt66

Nissan is offering $6000 back on a Titan here in Iowa. Saw an ad last week talking about that. Then $4000 back on another model, on down to about $2000 back I believe, for a different model.

Local offers shouldn't be confused with national corporate incentives IMHO.

For what it's worth, ALL 2008 Titans have $5,000 cash back right now.

New_Mexico_Sunset_on_Rt66 · 07-31-2008, 09:03 PM

Quote:

Originally Posted by eurohazard

Local offers shouldn't be confused with national corporate incentives IMHO.

For what it's worth, ALL 2008 Titans have $5,000 cash back right now.

$6000 back in Iowa and $5000 back in California, sounds national to me.

eb110americana · 07-31-2008, 09:08 PM

Ooooooh, that's not good. The large SUVs are to be expected. GM sells more than anyone and while they need to react to changes in buyer tastes directly related to the cost of gas and the economy, no one turns a ship this big, that fast. GM is doing its best to cut its losses and not get stuck with product very few people want. (It's the offering of product people do want that leaves something to be desired.)

The G8 really concerns me. This is not a cheap car, but it is not a luxury either, so if they start down that road this early, there may be problems down the line. Especially considering that the price is set to rise next year.

And the G5? Really?! Small cars are in vogue right now and this one should be a no-brainer. Why is cash required to move what is essentially a Cobalt? If they don't sell 'em out of Pontiac dealerships, just redirect production to the Chevy side. The Vibe is the same story, except it is brand new and shared with a Toyota.

eurohazard · 07-31-2008, 09:11 PM

Wow...........here's the deal, and I can't believe I am explaining this.....

A national incentive is the minimum.....and EVERYONE in the nation is entitled to it. Comparing local offers can be silly. An F-350 might have a $13,000 incentive in the city of San Fransisco, CA, but only $2,000 in St. Louis, MO.

But I do appreciate you at least saying your location! Some people think bad guys will come kill them if they list their location! lol

chevydlrmn · 07-31-2008, 09:58 PM

in Minneapolis, Trailblazer gets added to the BOF SUV programs, 0% x 72 or 6000 cash with Tahoe and Sub. Extended and crew Silverado's and Avalanche get 0/72 or 5k
Malibu gets conquest 1k and V6 bonus cash 1k (more than Impala). All on 2008's.

Quickening · 07-31-2008, 10:07 PM

I was thinking about this today. Year after year after GM does this, why don't they just lower the MSRP of their vehicles instead of kill the residual values of their cars by putting all this money on the hood?

Its not like they didn't know this was coming or something, just price the cars accordingly.

neshapop · 07-31-2008, 10:15 PM

Quote:

Originally Posted by Perian

No mention of a subvented leasing program.

With regard to the G8, I would assume the $1000 applies to the V6 model only.

Also - the GM SmartBuy incentive program will be discontinued on October 1st.

No wonder, G8 is a lame duck; maybe if this thing was launched 2005 would be a hot item. I was surprised last Tuesday in my BPG dealership how cheap and non-ergonomic interior looked. Very disappointing...

civilzues · 08-01-2008, 05:58 AM

Quote:

Originally Posted by neshapop

No wonder, G8 is a lame duck; maybe if this thing was launched 2005 would be a hot item. I was surprised last Tuesday in my BPG dealership how cheap and non-ergonomic interior looked. Very disappointing...

are you serious? that interior is NICE! get out of GMI if your going to say this.

neshapop · 08-01-2008, 07:07 AM

Quote:

Originally Posted by civilzues

are you serious? that interior is NICE! get out of GMI if your going to say this.

Give a quick look to this thread and you will believe your own eyes.

People complained the G8's gauges above the HVAC were useless..GM's Solution?

stick076 · 08-01-2008, 07:41 AM

Quote:

Originally Posted by neshapop

Give a quick look to this thread and you will believe your own eyes.

People complained the G8's gauges above the HVAC were useless..GM's Solution?

You are an idiot.

How in the world do those gauges make the interior cheap and nonergonomic?

The G8 has a wonderful interior. It is a world class car in every way. If you are going to rip apart a car, at least do some homework like go check one out.

It's too bad the G8 style hasn't gotten filtered down to the G6. It would do wonders for that car.

And $1000 incentives are nothing. It once was the norm to have $3-4k on a GM car.

07-31-2008, 07:50 PM	#1 (permalink)
Perian News Contributor Join Date: Nov 2004 Location: New York Drives: 2008 Saab 9-5 Sedan Posts: 3,905	Report: GM To Raise Incentives On Trucks, Hybrids, Crossovers; G8 Gets $1000 Link: http://www.autonews.com/apps/pbcs.dl...852595349/1078 DETROIT -- General Motors plans to offer big cash incentives to move its GMC trucks -- including hybrids. GM also will offer cash on some of its new crossovers and cars, such as $1,000 bonus purchase cash on the new Pontiac G8 sedan. In a memo to its dealers, GM says it plans to offer $4,000 bonus cash on the purchase of the 2008 GMC Yukon and Yukon XL, including the new hybrid variant of the full-sized SUV starting Friday, Aug. 1, and running through Aug. 19. The automaker also will offer $2,000 customer cash on the 2008 Yukon hybrid, making a maximum $6,000 discount. Those incentive figures are preliminary and could change Aug. 1 after GM releases its earnings, says Pete Ternes, GM spokesman. In the memo, GM plans to offer $750 purchase bonus cash on the new 2008 GMC Acadia and Buick Enclave crossovers, Pontiac G6 sedan, Buick LaCrosse and Lucerne sedans and Sierra HD gasoline variant pickup. GM will offer $500 on the 2008 Pontiac G5 compact car and Solstice roadster. The 2009 Pontiac Vibe car will get $500 customer cash. GM is offering $6,000 total cash -- $4,000 purchase bonus cash and $2,000 customer cash -- on the 2008 GMC Envoy SUV. GM is offering from $1,500 to $3,000 purchase bonus cash on various versions of the GMC Sierra pickup along with 0 percent financing through 72 months on the 2008 Sierra LD extended and crew cab versions and the 2008 Yukon and Yukon XL, not including the hybrid.

07-31-2008, 07:51 PM	#2 (permalink)
Perian News Contributor Join Date: Nov 2004 Location: New York Drives: 2008 Saab 9-5 Sedan Posts: 3,905	Re: Report: GM To Raise Incentives On Trucks, Hybrids, Crossovers; G8 Gets $1000 No mention of a subvented leasing program. With regard to the G8, I would assume the $1000 applies to the V6 model only. Also - the GM SmartBuy incentive program will be discontinued on October 1st.

07-31-2008, 08:17 PM	#3 (permalink)
dindak 4.4 Liter Supercharged Northstar Join Date: Jan 2004 Location: Toronto area Posts: 2,049	Re: Report: GM To Raise Incentives On Trucks, Hybrids, Crossovers; G8 Gets $1000 Noticed GM is offering 0-72 in Ontario on 2008 Malibu. Pretty good deal on a A+ car.

07-31-2008, 08:26 PM	#4 (permalink)
New_Mexico_Sunset_on_Rt66 7.0 Liter LS7 V8 Join Date: Apr 2004 Location: Cedar Rapids, IA (formerly sunny New Mexico (y muchacho lo falto)) Drives: '02 Corvette Z06, '01 Silverado LT 4x4 Ext Cab, 19 Posts: 5,630	Re: Report: GM To Raise Incentives On Trucks, Hybrids, Crossovers; G8 Gets $1000 Nissan is offering $6000 back on a Titan here in Iowa. Saw an ad last week talking about that. Then $4000 back on another model, on down to about $2000 back I believe, for a different model. __________________ 1979 Chevy Van 1978 Pontiac Firebird 1985 GMC S-15 Jimmy 1992 Pontiac Grand Am 1998 Oldmobile Intrigue 2002 Chevrolet Camaro Z-28 1972 Chevrolet C-10 P/U 1979 Chevrolet K5 Blazer 2002 Chevrolet Corvette Z06 2001 Chevrolet Silverado LT 4x4 Ext Cab "Sometimes you gotta say, 'What the *******'. "What the ******* gives you freedom, freedom creates opportunity, ... opportunity - makes your future." - 'Risky Business' 1983

07-31-2008, 08:34 PM	#5 (permalink)
CamaroCrazy 3.8 Liter V6 Join Date: Jul 2007 Location: Cary, NC Drives: 1994 Camaro Z28 2000 Camaro Posts: 350	Re: Report: GM To Raise Incentives On Trucks, Hybrids, Crossovers; G8 Gets $1000 Needed: A light at the end of the tunnel These slow sales are depressing __________________ 1994 Camaro Z28 2000 Camaro Webshots: My Camaros, the Camaro Concepts, and Buick in China Past Cars: 1974 Chevrolet Monte Carlo - 400ci, 3spd auto, 10 MPG! 1984 Chevrolet Impala - 305ci, the most reliable car I ever owned, miss it dearly 1998 Pontiac Grand Am - I will never buy FWD again. Next Car: 2010 Chevrolet Camaro SS - I've been waiting to order a new Camaro since 2000. The hardest decision now is the color.

Remove Advertisements Sponsored Links
GM Inside News Forum Advertisement

07-31-2008, 09:08 PM	#8 (permalink)
eb110americana 3.8 Liter Supercharged V6 Join Date: Nov 2003 Location: Pasadena, CA Drives: 1998 Pontiac Trans Am WS6 Posts: 535	Re: Report: GM To Raise Incentives On Trucks, Hybrids, Crossovers; G8 Gets $1000 Ooooooh, that's not good. The large SUVs are to be expected. GM sells more than anyone and while they need to react to changes in buyer tastes directly related to the cost of gas and the economy, no one turns a ship this big, that fast. GM is doing its best to cut its losses and not get stuck with product very few people want. (It's the offering of product people do want that leaves something to be desired.) The G8 really concerns me. This is not a cheap car, but it is not a luxury either, so if they start down that road this early, there may be problems down the line. Especially considering that the price is set to rise next year. And the G5? Really?! Small cars are in vogue right now and this one should be a no-brainer. Why is cash required to move what is essentially a Cobalt? If they don't sell 'em out of Pontiac dealerships, just redirect production to the Chevy side. The Vibe is the same story, except it is brand new and shared with a Toyota.

07-31-2008, 09:11 PM	#9 (permalink)
eurohazard 3.6 Liter V6 Join Date: Jun 2008 Location: Travis AFB, CA Posts: 1,013	Re: Report: GM To Raise Incentives On Trucks, Hybrids, Crossovers; G8 Gets $1000 Wow...........here's the deal, and I can't believe I am explaining this..... A national incentive is the minimum.....and EVERYONE in the nation is entitled to it. Comparing local offers can be silly. An F-350 might have a $13,000 incentive in the city of San Fransisco, CA, but only $2,000 in St. Louis, MO. But I do appreciate you at least saying your location! Some people think bad guys will come kill them if they list their location! lol __________________ - 1971 Cadillac Coupe DeVille, 110k miles - 2006 Nissan Armada 4x4, 27k miles - 1993 Toyota Camry I4 AT, 179k miles - 2007 Coachmen 19flb travel trailer - 2007 Regal 1900 boat: 225 hp FI V6 (GM 4.3)

07-31-2008, 09:58 PM	#10 (permalink)
chevydlrmn 3.9 Liter V6 Join Date: Mar 2005 Location: Minneapolis Drives: 2006 CK15753 LQ9 2007 1WL27 LS4 Posts: 776	Re: Report: GM To Raise Incentives On Trucks, Hybrids, Crossovers; G8 Gets $1000 in Minneapolis, Trailblazer gets added to the BOF SUV programs, 0% x 72 or 6000 cash with Tahoe and Sub. Extended and crew Silverado's and Avalanche get 0/72 or 5k Malibu gets conquest 1k and V6 bonus cash 1k (more than Impala). All on 2008's.

07-31-2008, 10:07 PM	#11 (permalink)
Quickening 6.0 Liter LS2 V8 Join Date: Oct 2005 Location: San Antonio, Texas Drives: 2004 Saab 9-3 Aero Posts: 4,883	Re: Report: GM To Raise Incentives On Trucks, Hybrids, Crossovers; G8 Gets $1000 I was thinking about this today. Year after year after GM does this, why don't they just lower the MSRP of their vehicles instead of kill the residual values of their cars by putting all this money on the hood? Its not like they didn't know this was coming or something, just price the cars accordingly. __________________ 2004 Saab 9-3 Aero

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode