Motor
12-29-2009, 04:27 PM
SOURCE (http://www.businessweek.com/news/2009-12-29/gm-offers-incentives-for-purge-of-pontiacs-saturns-update1-.html)
http://www.egmcartech.com/wp-content/uploads/2008/11/2009_pontiac_solstice_gxp_coupe_sema_main.jpg
General Motors Co., trying to clear inventory of discontinued brands, is offering dealers $7,000 for every Pontiac or Saturn vehicle they buy for use in service or daily-rental fleets.
The program began Dec. 23 and runs through Jan. 4, Tom Henderson, a spokesman, said in an e-mail. The Detroit-based automaker already advertises $6,500 or free financing for as long as 72 months on Saturns and Pontiacs for consumers.
GM decided upon emerging from bankruptcy in July to shed the Pontiac, Saturn, Saab and Hummer lines to focus on Buick, Chevrolet, GMC and Cadillac. The largest U.S. automaker had 8,700 Pontiacs and 5,800 Saturns in inventory at the start of December, Ward’s Auto Infobank data show. GM sold 7,426 Pontiacs and 3,737 Saturns last month, according to Autodata Corp.
“When GM killed Oldsmobile, it took three years; this is basically killing brands on steroids,” said Rebecca Lindland, an analyst at IHS Global Insight in Lexington, Massachusetts. “I don’t know why a dealer wouldn’t take this deal.”
Russ Shelton, a Buick, GMC and Pontiac dealer in Rochester Hills, Michigan, said he’s trying to sell all his Pontiacs to consumers by this weekend. On Jan. 4, which is counted as the last selling day of December, he plans to take the $7,000 to move any remaining vehicles to the dealer fleet.
GM is offering the program only for cars that are used by dealers; if they sell the vehicles to consumers they must be classified as used.
“There certainly won’t be many left after this,” Shelton said.
http://www.businessweek.com/autos/autobeat/archives/G8.jpg
Fire-sale!
What took them so long?
I wouldn't mind a G8 as a daily-driver, that's if I was car shopping.
http://www.egmcartech.com/wp-content/uploads/2008/11/2009_pontiac_solstice_gxp_coupe_sema_main.jpg
General Motors Co., trying to clear inventory of discontinued brands, is offering dealers $7,000 for every Pontiac or Saturn vehicle they buy for use in service or daily-rental fleets.
The program began Dec. 23 and runs through Jan. 4, Tom Henderson, a spokesman, said in an e-mail. The Detroit-based automaker already advertises $6,500 or free financing for as long as 72 months on Saturns and Pontiacs for consumers.
GM decided upon emerging from bankruptcy in July to shed the Pontiac, Saturn, Saab and Hummer lines to focus on Buick, Chevrolet, GMC and Cadillac. The largest U.S. automaker had 8,700 Pontiacs and 5,800 Saturns in inventory at the start of December, Ward’s Auto Infobank data show. GM sold 7,426 Pontiacs and 3,737 Saturns last month, according to Autodata Corp.
“When GM killed Oldsmobile, it took three years; this is basically killing brands on steroids,” said Rebecca Lindland, an analyst at IHS Global Insight in Lexington, Massachusetts. “I don’t know why a dealer wouldn’t take this deal.”
Russ Shelton, a Buick, GMC and Pontiac dealer in Rochester Hills, Michigan, said he’s trying to sell all his Pontiacs to consumers by this weekend. On Jan. 4, which is counted as the last selling day of December, he plans to take the $7,000 to move any remaining vehicles to the dealer fleet.
GM is offering the program only for cars that are used by dealers; if they sell the vehicles to consumers they must be classified as used.
“There certainly won’t be many left after this,” Shelton said.
http://www.businessweek.com/autos/autobeat/archives/G8.jpg
Fire-sale!
What took them so long?
I wouldn't mind a G8 as a daily-driver, that's if I was car shopping.