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GM beefs up incentives after a dismal January
Richard Truett
Automotive News
February 3, 2009 - 2:43 pm ET
DETROIT -- Coming off a January in which sales collapsed 49 percent, General Motors today announced a new round of incentives that includes 0 percent financing and more cash on the fenders.
Starting today and running through March 2, GM's Presidents Day Sale includes many of its best-selling vehicles, such as the Chevrolet Malibu and some versions of the Chevy Silverado pickup, Buick Enclave and Cadillac CTS.
Consumers can choose 0 percent financing for up to 60 months, 1.9 percent loans for 72 months or an additional cashback that ranges from $1,000 to $2,000 in addition to existing incentives.
More help may be on the way from GM's lending affiliate, GMAC. The troubled lender -- fresh from a $6 billion federal bailout -- has resumed financing for GM vehicle purchases. In January, GMAC financed 5,000 vehicle purchases for GM, up from zero in December.
Richard Truett
Automotive News
February 3, 2009 - 2:43 pm ET
DETROIT -- Coming off a January in which sales collapsed 49 percent, General Motors today announced a new round of incentives that includes 0 percent financing and more cash on the fenders.
Starting today and running through March 2, GM's Presidents Day Sale includes many of its best-selling vehicles, such as the Chevrolet Malibu and some versions of the Chevy Silverado pickup, Buick Enclave and Cadillac CTS.
Consumers can choose 0 percent financing for up to 60 months, 1.9 percent loans for 72 months or an additional cashback that ranges from $1,000 to $2,000 in addition to existing incentives.
More help may be on the way from GM's lending affiliate, GMAC. The troubled lender -- fresh from a $6 billion federal bailout -- has resumed financing for GM vehicle purchases. In January, GMAC financed 5,000 vehicle purchases for GM, up from zero in December.