GM pulls out early of used-car incentive, dealers not happy

[jamz]

Filed under: Car Buying, Chevrolet, GM, GMC, Pontiac



It's not that General Motors doesn't want its dealer body to shift certified pre-owned Impalas, G6s, Silverados, or Sierras. GM rolled out a program to help make the used cars attractive by offering 60 month loans with a 3.9 percent interest rate between October 1st and January 5th, thus helping dealers close deals on higher-margin inventory. Just a month in, however, GM is folding up its incentive tent and going home, leaving dealers holding the bag on lots full of cars they'd bought in anticipation of selling as part of the program. GM's reason for killing the incentive program on November 3rd is a lack of credit, though the automaker plans to introduce a new certified pre-owned incentive on November 4th. In the meantime, you can likely get a lightly used example of the featured cars for a very attractive price.

[Source: Auto News - sub req]
GM pulls out early of used-car incentive, dealers not happy originally appeared on Autoblog on Sat, 01 Nov 2008 13:56:00 EST. Please see our terms for use of feeds.


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