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Speaking of General Motors…shoppers should pay attention when looking at prices, as the company’s current strategy of consistent low prices can result in higher stickers on some cars. It’s simple, really…according to the Detroit News and Consumer Reports, some GM vehicles cost more now that the prices are more stable. Consumer Reports, who did the study, found that 64 percent of GM models now have a lower sticker price, at an average of $2,000. Those that cost more include the Chevy Silverado and the Cadillac DTS.
It’s hard to say if the strategy is working, as February sales were flat to down for most automakers. For GM, sales fell 2.5 percent, while Ford took a hit of 3 percent. Toyota increased sales 2.4 percent, and Hyundai was up a whopping 8.7 percent in February. DaimlerChrysler also enjoyed a boost of 4.3 percent, and Honda gained almost nine percent. As if on cue, of course, domestic automakers are extending discounts. This time, however, they promise not to get into a rebate frenzy like they have in the past, saying that incentives would be more selective. Sure….
So watch out for the HIGHLY selective GM March Madness promotion coming soon. According to the Detroit News, GM will lower sticker prices on slow selling models, and offer up to $1,500 cash. There will also be zero percent offers from Ford and Chrysler, along with piles of consumer cash stacked up on hoods. Plus, chances are you can get a real good price on a Fusion about now…
You can also get a good price on a GMC Yukon, too, which is a mild surprise – the Yukon, after all, was just redesigned along with the Tahoe, a large SUV that has enjoyed robust sales. General Motors has set sticker prices for the new Yukon at about $890 less than the models being replaced – a screaming deal, if you ask me.
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