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Old 12-29-2009, 11:49 AM   #1
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GM offers deep discounts on Saturn, Pontiac brands

General Motors is paying dealers $7,000 for remaining Saturn and Pontiac models in what amounts to a sweetened incentive aimed at clearing inventories of the discontinued brands, company offices and dealers said today.

The plan, which is in effect through Jan. 4, allows dealers to sell the remaining vehicles as used cars at whatever price they want, but any sales will count toward GM’s December new vehicle sales numbers.

As of Nov. 30, Pontiac dealers had 8,500 vehicles in stock and Saturn dealers had 5,700 throughout the U.S., said GM spokesman Tom Henderson.

While dealers were notified of the program earlier this month, publicizing it now will certainly stimulate year-end sales, but not necessarily at a profit.

Jerry Seiner, a large GM dealer with two Pontiac showrooms in the Salt Lake City area, said his stock of Pontiacs is down to about 30 days supply, which he is confident he can sell with or without the latest discount. He said current incentives of some Pontiac models have been running at as much as $6,500 before this program kicked in.

“The goal is to get those units out of inventory so we can move on,” Seiner said. “With sadness, we’re taking the Pontiac name off our license plate frames.”

Such models as the Pontiac G3, G5, G6, G8, Solstice and Torrent, and Saturn Sky, Aura, Astra and Outlook will be classified as rental fleet vehicles. But buyers will still have new car warranty coverage, minus the miles they are driven before they are sold, Seiner said.

The program does not apply to Hummer or Saab vehicles.


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Old 12-29-2009, 03:11 PM   #2
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It's a regular bona-fide firesale!!!EVERYTHING MUST GO!!!
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Old 12-30-2009, 05:32 AM   #3
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I have read (I believe it was CNN) that the deal is that the dealerships will actually buy the car themselves and sell them to the consumer for thousands less, as a used car. Not a bad way to get rid of them IMO.

I was looking at a G6 when I heard that Pontiac and GM were about to fall off the edge of the world. The rest is history
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Old 12-30-2009, 06:04 AM   #4
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Quote:
Originally Posted by Darthenstein View Post
I have read (I believe it was CNN) that the deal is that the dealerships will actually buy the car themselves and sell them to the consumer for thousands less, as a used car. Not a bad way to get rid of them IMO.

Correct, the cars will have already been titled. While the dealer cash being thrown at the cars is considerable, but because they're now a used car, any new car rebate which WAS on the car won't apply and if there was any special financing (0% etc) which could be used in lieu of a rebate if the car was new wouldn't apply either.
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Old 12-30-2009, 07:09 PM   #5
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Hmm. Maybe I'll be getting that Sky Redline after all...
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Old 12-30-2009, 07:11 PM   #6
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Or a G8 GXP 6-spd manual. Get it while it lasts cuz it's going,going fast!!
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Old 12-30-2009, 07:15 PM   #7
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My first thought when I read this thread title:

I'm sure they are!
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Old 12-30-2009, 08:43 PM   #8
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Before you buy a G8, check the G8 web sites. They have some issues. Vibration and handling mainly.

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Old 12-30-2009, 08:53 PM   #9
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GM doesn't exactly inspire confidence these days, do they?
It's a shame Ford is having to lay off people. GM has a larger market share that they would not have had they not been bailed out by the government.
I wouldn't have a GM vehicle. (new one, that is)
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Old 12-30-2009, 09:02 PM   #10
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Agree with that.
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