Last week I wrote about incentives and the marketplace, explaining that the slower business is, the better the incentives get. Well, the ink on the newspaper was barely dry when GM announced 0% financing for 72 months on most 08 GM cars and trucks. If you compare the normal finance charge on a $65,000 SUV to 0% you could easily realize savings over $15,000. Even at today’s gas prices, $15,000 buys a lot of gas. In fact that’s almost 4 years worth of gas for the typical driver of a full size SUV. If you compare gas prices from last year to this, you could drive 13 years before using up the savings at $4.00 per gallon assuming you drive 15,000 miles per year at 15 mpg average.
And GM didn’t restrict this savings to only full size pickup trucks and SUV’s; it applies to some of our most fuel efficient cars as well. And remember that GM offers more vehicles that get 30 mpg highway than any other manufacturer. If you have been considering trading your current vehicle on something that gets better fuel economy, this is a great time to do that as well. You could finance an $18,000 G6 with no money down for about $250 per month and get over 30 mpg highway. Think of the annual savings there. Considering that you will have only basic maintenance expenses with no repair cost while under warranty, your monthly ownership cost for the first three years could be as little as $270 per month. This considers estimated basic required maintenance at today’s rates if performed at the GM Giant, for the first three years on a Pontiac G6 added to your car payment. It also assumes 15,000 miles per year driving with service following GM’s Maintenance I and II.
As I wrote about last week, if you want to ad to your commercial fleet, this is an incredible time to buy a new pickup truck. The savings with 0% for 72 months are as good as it gets. Add to that the fact that JD Powers rated GM’s full size Silverado as the highest quality full size pickup on the market based on initial quality surveys and GM’s best warranty in America, and you have an incredible value.
General Motors continues to amaze the automotive press with the incredible engineering of its new products. The Chevy Malibu has been touted as equal to or better than Toyota Camry and Honda Accord by the automotive press. Now the preliminary tests indicate the new Chevy Traverse to be better than Toyota Highlander. The trend of Japanese vehicles being considered superior to GM’s is now turning as the nations’ best selling automaker is proving that it can build the best cars and trucks in the world.
In years gone by, the big three used incentives alone to sell cars and trucks. Now GM is building the best cars and trucks in the world, and because the public is still skeptical, they are using incentives to get you to try the product. If you are even remotely thinking about purchasing or leasing a new car or truck, this is the best time in history to consider General Motors. For more information on this and other GM cars and trucks, visit us at www.gmgiant.com. Drive safely... Hurry, though- 0% financing for 72 months ends Monday, 6/30/08.
Monday, June 30, 2008
Friday, June 20, 2008
This May Be A Great Time For Businesses To Add To Their Company Vehicle Feet!
It is no secret that truck and full size SUV sales are slow. In fact nationwide they are off almost 30%. This is due primarily to high fuel prices and a slowing economy. Many businesses, especially those that depend on the housing industry are feeling the pinch of slow business. But businesses that need trucks to do their work will eventually need new ones.
So why should a business add to their fleet now? I say add to your fleet rather than replacing trucks because the pendulum on truck trades has swung a bit too far to the left. Used truck prices are depressed because of the psyche of the consumer who is looking for cars that get great fuel economy, not trucks designed to do the work of American business. I am certain that there will be some recovery in truck values. It always happens after any market overcorrection. Business owners can keep their old truck as a convenience or wait until the values recover and sell them outright in the public market or to their dealer. If you want to trade, GM is offering rebates that go a long way to offset depressed trade values.
Perhaps the most compelling reason to buy now is the incentives the factory is putting on trucks. GM announced the closing of four truck plants last month. But make no mistake; GM still relies heavily on truck production to support corporate profitability. To keep the dealers ordering trucks and the plants rolling, GM is offering some of the most incredible savings I have ever seen. Right now you can get up to $6,000 in incentives or 0% financing for up to 60 months. There are other offers that combine financing and rebates. If you have a larger fleet of vehicles there are cap leasing plans and fleet incentives that are the best in decades.
Another compelling reason to purchase a new truck or SUV is fuel economy. Over the past 5 years there have been significant engineering advances in engine and transmission technology that yield better fuel efficiency than ever before. Use of composite materials makes new trucks lighter, increasing payload and miles per gallon. GM’s trucks offer the best V8 mileage of any full size truck on the market. And with GM’s “Best Warranty in America” including 100,000 mile power-train coverage, your ownership costs will be less than ever.
The automobile market is not unlike the stock market. When no one is buying the prices are lower. When everyone is buying the prices go up. By comparison, the factory is offering incentives to get you to buy now. Once the market recovers, there will not be the need for incentives that are as aggressive as the ones we see today.
Business cycles are somewhat predictable. History tells us that recessions typically last about 8 months. In August it will have been 6 months since the Federal Reserve Bank slashed rates almost three percent. Economists are generally unanimous in the belief that rate cuts work their way into the economy with the greatest benefit starting 6 months after the cuts. The government has offered one economic stimulus package and more are sure to follow. Many economists believe that although the price of oil will probably never return to 2006 levels, there is a bubble of speculation that sooner or later will burst as any speculative investment trend does. When the housing bubble got to big, it deflated. When tech stocks got out of control the market adjusted. So too will the oil bubble. It is not a question of if but when.
If you believe the economy will recover in the next 12 months, and you require trucks for your work, I suggest that this may be the best time in decades to ad to your fleet. If you are a business person that is trying to re-engineer your systems to accommodate more fuel efficient vehicles, perhaps even cars, we have a solution there as well. But that is the topic of another Did You Know article.
For information on this and any other GM programs visit us online at www.gmgiant.com.
So why should a business add to their fleet now? I say add to your fleet rather than replacing trucks because the pendulum on truck trades has swung a bit too far to the left. Used truck prices are depressed because of the psyche of the consumer who is looking for cars that get great fuel economy, not trucks designed to do the work of American business. I am certain that there will be some recovery in truck values. It always happens after any market overcorrection. Business owners can keep their old truck as a convenience or wait until the values recover and sell them outright in the public market or to their dealer. If you want to trade, GM is offering rebates that go a long way to offset depressed trade values.
Perhaps the most compelling reason to buy now is the incentives the factory is putting on trucks. GM announced the closing of four truck plants last month. But make no mistake; GM still relies heavily on truck production to support corporate profitability. To keep the dealers ordering trucks and the plants rolling, GM is offering some of the most incredible savings I have ever seen. Right now you can get up to $6,000 in incentives or 0% financing for up to 60 months. There are other offers that combine financing and rebates. If you have a larger fleet of vehicles there are cap leasing plans and fleet incentives that are the best in decades.
Another compelling reason to purchase a new truck or SUV is fuel economy. Over the past 5 years there have been significant engineering advances in engine and transmission technology that yield better fuel efficiency than ever before. Use of composite materials makes new trucks lighter, increasing payload and miles per gallon. GM’s trucks offer the best V8 mileage of any full size truck on the market. And with GM’s “Best Warranty in America” including 100,000 mile power-train coverage, your ownership costs will be less than ever.
The automobile market is not unlike the stock market. When no one is buying the prices are lower. When everyone is buying the prices go up. By comparison, the factory is offering incentives to get you to buy now. Once the market recovers, there will not be the need for incentives that are as aggressive as the ones we see today.
Business cycles are somewhat predictable. History tells us that recessions typically last about 8 months. In August it will have been 6 months since the Federal Reserve Bank slashed rates almost three percent. Economists are generally unanimous in the belief that rate cuts work their way into the economy with the greatest benefit starting 6 months after the cuts. The government has offered one economic stimulus package and more are sure to follow. Many economists believe that although the price of oil will probably never return to 2006 levels, there is a bubble of speculation that sooner or later will burst as any speculative investment trend does. When the housing bubble got to big, it deflated. When tech stocks got out of control the market adjusted. So too will the oil bubble. It is not a question of if but when.
If you believe the economy will recover in the next 12 months, and you require trucks for your work, I suggest that this may be the best time in decades to ad to your fleet. If you are a business person that is trying to re-engineer your systems to accommodate more fuel efficient vehicles, perhaps even cars, we have a solution there as well. But that is the topic of another Did You Know article.
For information on this and any other GM programs visit us online at www.gmgiant.com.
Thursday, June 12, 2008
Chevy Malibu Ranked #1 In JD Powers Quality Ranking!
Not only is the new Chevy Malibu the North American car of the year, it just won top honors in the mid sized car segment in JD Power & Associates prestigious initial quality survey. In fact, this volume product priced in the low twenty thousand dollar range finished fourth over all behind the Lexus LS, Mercedes S Class, and Porsche 911 all priced at triple that of the Malibu. Mark Phelan of the Detroit Free Press wrote, “The Malibu’s achievement is most significant...the fact that the Malibu rolled out of the factory straight into first place - and even more impressive fourth-best among all vehicles of all prices – validates GMs new emphasis on cars.”
And these aren’t the only accolades and awards for Malibu. In addition to North American Car of the Year, Malibu was named car of the year by the Detroit Free Press. It was ranked in Car & Drivers 10 Best. It was named best new vehicle and best redesigned vehicle by Kelley Blue Book. Parents Magazine/Edmonds.com named Malibu Best Family Car. OnWheels named it best urban vehicle and Kiplinger’s named it best in class and best new car.
If you Google Malibu you will find dozens of articles about the car. In my search I could not find one that didn’t immediately compare it to Camry and Accord. All of them were favorable with comments like these from Car and Driver. “Camry Beware” and “anyone looking at Accord or Camry should consider Malibu”. The New York Times said, “It’s like a super Accord only it’s from GM”.
With today’s fuel prices you will be pleased to know that Malibu leads its segment with an EPA highway rating of 30MPG and 32MPG for the hybrid version. Priced from $20,295 to $28,870, depending on equipment, the Malibu includes GM’s OnStar system that can provide turn by turn navigation and will send emergency services to you in case of air bag deployment.
GM told us they would build a better car than Camry and Accord, and I believe they finally have. And buying a Chevy Malibu gives you an opportunity to support the American economy by purchasing a vehicle that is not only assembled in North America, it uses components mostly produced in North America, and you are supporting an American Corporation.
For years the Japanese have dominated the small and mid size passenger car market. GM now has an offering that not only competes with the Japanese, in my opinion is superior to their offerings. I encourage you to test drive a Malibu and compare it to the competition. For more information on this or any GM products, log on to gmgiant.com. Drive safely!
And these aren’t the only accolades and awards for Malibu. In addition to North American Car of the Year, Malibu was named car of the year by the Detroit Free Press. It was ranked in Car & Drivers 10 Best. It was named best new vehicle and best redesigned vehicle by Kelley Blue Book. Parents Magazine/Edmonds.com named Malibu Best Family Car. OnWheels named it best urban vehicle and Kiplinger’s named it best in class and best new car.
If you Google Malibu you will find dozens of articles about the car. In my search I could not find one that didn’t immediately compare it to Camry and Accord. All of them were favorable with comments like these from Car and Driver. “Camry Beware” and “anyone looking at Accord or Camry should consider Malibu”. The New York Times said, “It’s like a super Accord only it’s from GM”.
With today’s fuel prices you will be pleased to know that Malibu leads its segment with an EPA highway rating of 30MPG and 32MPG for the hybrid version. Priced from $20,295 to $28,870, depending on equipment, the Malibu includes GM’s OnStar system that can provide turn by turn navigation and will send emergency services to you in case of air bag deployment.
GM told us they would build a better car than Camry and Accord, and I believe they finally have. And buying a Chevy Malibu gives you an opportunity to support the American economy by purchasing a vehicle that is not only assembled in North America, it uses components mostly produced in North America, and you are supporting an American Corporation.
For years the Japanese have dominated the small and mid size passenger car market. GM now has an offering that not only competes with the Japanese, in my opinion is superior to their offerings. I encourage you to test drive a Malibu and compare it to the competition. For more information on this or any GM products, log on to gmgiant.com. Drive safely!
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