GM Gives Dealers Cash to Clear Pontiac, Saturn Inventory

Posted by Steve Siler 0 comments

pontiac_g8.jpg

Long goodbyes are painful (and bad for public relations), so General Motors is offering a dealers a big incentive to sell off the remaining Pontiacs and Saturns, according to a Wall Street Journal report. GM will pay $7,000 for every car moved out of new car inventory and into rental- or service-vehicle fleets before Jan. 4.

Said vehicles must then be sold as used cars, but when the dealer passes the cash along to the customer, the savings could be quite significant. However, this can't be combined with the 0-percent, 72-month loan terms or the $6,500 rebate GM has already been offering.

The program is of course expected to inflate GM's December sales, though Saturns and Pontiac have been very difficult to move in recent months, averaging a combined 13,000 deliveries per month. The problem? Dwindling inventories make it unlikely that you'll still find a car as desirable as this G8 GT. But if it's a G3 you want, step right up.

Wall Street Journal

No comments yet. Be the first to leave a comment !
Leave a Comment

Name

Email

Website

Previous Post
« The Mechanic’s Fearless Forecast for 2010
Next Post
At What Point Should You Stop Listening to Your Nav System? »