Bankruptcy

GM Deals, to Clear Pontiac and Saturn Lots

By mcbride

GM has announced a series of schemes which should help overall sales and also get rid of remaining Pontiac and Saturn products.  ?In what is equivalent to a year-end fire sale, GM sent letters to dealers Dec. 23 saying it would pay them $7,000 for every new Saturn or Pontiac on their lot that is moved to rental-vehicle or service-vehicle fleets operated by the dealers. Dealers can then sell the vehicles at a more attractive price, though they must be described to customers as used because the dealers technically will be the vehicles’ first owner.?If a dealer passes along all the new incentive to a customer, Pontiac’s cheapest vehicle, the G3 compact, could go for about $8,000, or 46% off the sticker price of about $15,000.? 

 Here is a link to a thorough article on this topic:  http://articles.moneycentral.msn.com/SavingandDebt/SaveonaCar/gm-deeply-discounts-saturns-and-pontiacs.aspx

Michael

Full post as published by Texas Lawyer Blog on December 31, 2009 (boomark / email).