Tuesday, December 11, 2012

GM Offering Big Incentives to Liquidate Vehicle Stockpiles

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In hopes of moving some inventory, General Motors is launching a campaign of discounts and incentives for various models in their lineup.

The American automaker is allowing dealers to offer as much as $2,000 in customer cash on its 2012, 2013 Chevrolet Silverados and GMC Sierras. In addition, lease specials will be offered on the Chevrolet Malibu, Cruze, and Traverse.

As for the incentive, GM will be awarding dealerships “instant value certificates” at $250 per, and dealerships will receive two certificates for every five pickups sitting on their lots. Dealerships can apply up to eight of these certificates to any pickup deal. It will be up to the dealer to offer anywhere from $250 to $2,000 to close a sale – or even nothing.

Source: Automotive News

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