So far its been announced that it will be a 0% sale. Not sure what else is going to be added to that yet.
GM to raise prices on 2009 models, cut production
AP
GM to raise prices on 2009 models, cut production
Monday June 23, 5:30 pm ET
By Tom Krisher and Dee-Ann Durbin, AP Auto Writers
GM to raise prices on 2009 models, cut production; plans sale to reduce some inventories
DETROIT (AP) -- General Motors Corp. told dealers Monday it plans to raise prices on 2009 models by an average of 3.5 percent despite a tough market that is forcing the automaker to cut production and discount its 2008 models.
Mark LaNeve, GM's vice president of North American sales, said in conference calls to dealers that the increases will allow GM to recover only part of the rising cost of steel and other commodities and the cost of safety and other features on the new models. The increases will amount to about $1,000 per vehicle.
GM already had increased the prices of its 2008 model year vehicles twice because of rising commodity costs, spokesman John McDonald said. The move comes a little more than a week after Chrysler LLC announced a 2 percent increase in the price of its remaining 2008 vehicles.
GM also said Monday it will further cut SUV and truck production, and it will run a sale June 24-30 to help clear out high inventories of 2008 pickups, sport utility vehicles and larger cars. The sale includes zero percent financing for up to 72 months.
"We're really just trying to spark the market at the end of the quarter," LaNeve said.
Continued at link... http://biz.yahoo.com/ap/080623/gm.html
GM to raise prices on 2009 models, cut production
Monday June 23, 5:30 pm ET
By Tom Krisher and Dee-Ann Durbin, AP Auto Writers
GM to raise prices on 2009 models, cut production; plans sale to reduce some inventories
DETROIT (AP) -- General Motors Corp. told dealers Monday it plans to raise prices on 2009 models by an average of 3.5 percent despite a tough market that is forcing the automaker to cut production and discount its 2008 models.
Mark LaNeve, GM's vice president of North American sales, said in conference calls to dealers that the increases will allow GM to recover only part of the rising cost of steel and other commodities and the cost of safety and other features on the new models. The increases will amount to about $1,000 per vehicle.
GM already had increased the prices of its 2008 model year vehicles twice because of rising commodity costs, spokesman John McDonald said. The move comes a little more than a week after Chrysler LLC announced a 2 percent increase in the price of its remaining 2008 vehicles.
GM also said Monday it will further cut SUV and truck production, and it will run a sale June 24-30 to help clear out high inventories of 2008 pickups, sport utility vehicles and larger cars. The sale includes zero percent financing for up to 72 months.
"We're really just trying to spark the market at the end of the quarter," LaNeve said.
Continued at link... http://biz.yahoo.com/ap/080623/gm.html
1 - 1 of 3 Posts
1 - 1 of 3 Posts
- This is an older thread, you may not receive a response, and could be reviving an old thread. Please consider creating a new thread.
GM Inside News Forum
A forum community dedicated to GM owners and enthusiasts. Come join the discussion about General Motors news, concepts, releases, classifieds, troubleshooting, maintenance, and more!
Full Forum Listing
Recommended Communities
