GM Inside News Forum banner

1 - 2 of 2 Posts

·
Editor
Joined
·
26,951 Posts
Discussion Starter #1
DETROIT — Foreign automakers last month increased incentives on their new cars and trucks while Detroit automakers’ cut back on their deals, the first time that’s happened since 2002.

A study released Monday by Edmunds.com, an Internet information source for auto shoppers, found incentive spending in March for General Motors Corp., Ford Motor Co. and the Chrysler Group of DaimlerChrysler AG fell on average 4.7 percent compared with February.

In contrast, Korean automakers increased their incentives in March by 12 percent, European carmakers by 9 percent and Japanese makers by 2 percent.

It was the first time that has occurred since the Santa Monica, Calif.-based Edmunds.com began publishing a monthly incentives report in 2002. The report takes into account all of a manufacturers’ incentive programs, including cash rebates, cut-rate financing and lease programs.

Edmunds.com market analyst Mike Chung called the turn of events “surprising” but noted some import brands “needed to compensate for a lackluster performance at the beginning of the year.”

Overall, however, average incentive spending declined $80 last month from February to $2,379 per vehicle.

Full Article
 

·
Registered
Joined
·
2,047 Posts
wheres the "incentives implies poor quality cars" that usually gets said when GM offers big incentives? notice how mike chung of edmunds said he is suprised. and dont sales usually declined around this time of year with anticapation of new models coming out? bet this is just the beginning, foreign brands know they dont have a cake walk this time , esp with all the positive press GM and Dodge are geting.
 
1 - 2 of 2 Posts
Top