Gm Hikes Up Incentives On Trucks, Hybrids, Crossovers

fbachman · July 31, 2008

Automotive News

July 31, 2008 - 4:23 pm ET

DETROIT -- General Motors plans to offer big cash incentives to move its GMC trucks -- including hybrids.

GM also will offer cash on some of its new crossovers and cars, such as $1,000 bonus purchase cash on the new Pontiac G8 sedan.

In a memo to its dealers, GM says it plans to offer $4,000 bonus cash on the purchase of the 2008 GMC Yukon and Yukon XL, including the new hybrid variant of the full-sized SUV starting Friday, Aug. 1, and running through Aug. 19. The automaker also will offer $2,000 customer cash on the 2008 Yukon hybrid, making a maximum $6,000 discount.

Those incentive figures are preliminary and could change Aug. 1 after GM releases its earnings, says Pete Ternes, GM spokesman.

In the memo, GM plans to offer $750 purchase bonus cash on the new 2008 GMC Acadia and Buick Enclave crossovers, Pontiac G6 sedan, Buick LaCrosse and Lucerne sedans and Sierra HD gasoline variant pickup. GM will offer $500 on the 2008 Pontiac G5 compact car and Solstice roadster. The 2009 Pontiac Vibe car will get $500 customer cash.

GM is offering $6,000 total cash -- $4,000 purchase bonus cash and $2,000 customer cash -- on the 2008 GMC Envoy SUV.

GM is offering from $1,500 to $3,000 purchase bonus cash on various versions of the GMC Sierra pickup along with 0 percent financing through 72 months on the 2008 Sierra LD extended and crew cab versions and the 2008 Yukon and Yukon XL, not including the hybrid.

99silverado1500 · July 31, 2008

Well if they did 0 for 72 and 6000 rebate id go buy a new truck, but they havent done it yet

Won_Hunglo · August 1, 2008

GMAC 2.5 Billion dollar loss today. GM comes tomorrow, Friday.

No one in their right mind would pay 55k for a Yukon hybrid. Save 25k & get a regular 30k gaser instead. GM sold less then 1000 2008 Yukon hybrids for the first Q of 08.

http://www.technoride.com/2008/04/gm_hybri..._are_dismal.php

omegafiler · August 1, 2008

Well if they did 0 for 72 and 6000 rebate id go buy a new truck, but they havent done it yet

Now that would certainly be tempting! Too bad trade-in sucks right now.

99silverado1500 · August 1, 2008

Yeah they offered me 4 grand trade in on my truck, and thers no way ill let her go for that.

Lances07Z71 · August 1, 2008

Yeah they offered me 4 grand trade in on my truck, and thers no way ill let her go for that.

They offered me $17k for my 07 and have other used 07's on the lot with higher miles and they were asking $27000+

I hate car Dealers.They need to change the way cars are sold,maybe they might sell more

Jje121 · August 1, 2008

Well if they did 0 for 72 and 6000 rebate id go buy a new truck, but they havent done it yet

Now that would certainly be tempting! Too bad trade-in sucks right now.

I was thinking the same thing!

D&SYukonDenali · August 1, 2008

Don't worry about trade-in; just buy a second truck.

omegafiler · August 1, 2008

Don't worry about trade-in; just buy a second truck.

Exactly. Except I'm thinkin' a G8 GT or GXP would be a great 2nd vehicle!

A dealer here offered me $20k (high as they would go) on my 06 YD w/ 22k, loaded. I think I'll keep it.

Trucker Mike · August 1, 2008

Naw, the best thing to do now is just like I did. trade a car for a truck. I got $4k for my impala w/ 136k miles on it, and got $5k in rebates. Good deal for me since I only put 4-5k miles on my "house" vehicle per year. I put on 5500 miles on my Impala in the last 12 months of owning it, and that was with 2 600-mile trips which won't happen again. ;)

D&SYukonDenali · August 1, 2008

I may need to look at the G8 for my next car. I recenlty traded in the 01 BMW 330xi for an 08 Nissan Altima. But right now the Altima is on a 24K miles per year pace; at this rate I'll be replacing it in a year.