Autoblog http://www.autoblog.com Autoblog http://www.blogsmithmedia.com/www.autoblog.com/media/feedlogo.gif Autoblog http://www.autoblog.com en-us Copyright 2009 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[GM pulls out early of used-car incentive, dealers not happy]]>http://www.autoblog.com/2008/11/01/gm-pulls-out-early-of-used-car-incentive-dealers-not-happy/http://www.autoblog.com/2008/11/01/gm-pulls-out-early-of-used-car-incentive-dealers-not-happy/http://www.autoblog.com/2008/11/01/gm-pulls-out-early-of-used-car-incentive-dealers-not-happy/#commentsFiled under: , , , ,




It's not that General Motors doesn't want its dealer body to shift certified pre-owned Impalas, G6s, Silverados, or Sierras. GM rolled out a program to help make the used cars attractive by offering 60 month loans with a 3.9 percent interest rate between October 1st and January 5th, thus helping dealers close deals on higher-margin inventory. Just a month in, however, GM is folding up its incentive tent and going home, leaving dealers holding the bag on lots full of cars they'd bought in anticipation of selling as part of the program. GM's reason for killing the incentive program on November 3rd is a lack of credit, though the automaker plans to introduce a new certified pre-owned incentive on November 4th. In the meantime, you can likely get a lightly used example of the featured cars for a very attractive price.

[Source: Auto News - sub req]

GM pulls out early of used-car incentive, dealers not happy originally appeared on Autoblog on Sat, 01 Nov 2008 13:56:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>certified usedCertifiedUsedgeneral motors usedGeneralMotorsUsedgm used cargm used incentive programgmac financingGmacFinancingGmUsedCarGmUsedIncentiveProgramSat, 01 Nov 2008 13:56:00 EST<![CDATA[Certified pre-owned Lexus standards get more lenient]]>http://www.autoblog.com/2007/12/24/certified-pre-owned-lexus-standards-get-more-lenient/http://www.autoblog.com/2007/12/24/certified-pre-owned-lexus-standards-get-more-lenient/http://www.autoblog.com/2007/12/24/certified-pre-owned-lexus-standards-get-more-lenient/#commentsFiled under: ,



Certified used vehicles are a beacon for new customers considering a brand switch. Lexus has recognized this for a while, and the luxury marque is trying to keep supply up with demand. Due to an apparent influx in certified used vehicle sales, Lexus will be a bit more lenient on what vehicles make the factory-approved cut, but Lexus execs are insistent that the new policies won't degrade the quality of vehicles available.

Rather than cutting back on Lexus' multi-point inspection, the automaker will increase the allowable mileage for a certified vehicle from 60,000 to 70,000 miles, while extending eligible vehicles to seven-year old models, up from the current standard of six years.

Matt Kaleba, the manager of Lexus' certified used-vehicle program, expects sales of the pre-owned vehicles to increase by about seven-percent, and, more importantly, get buyers back to dealers when they want to upgrade to a brand-new model.

[Source: Automotive News - Sub. Req.]

Certified pre-owned Lexus standards get more lenient originally appeared on Autoblog on Mon, 24 Dec 2007 10:54:00 EST. Please see our terms for use of feeds.

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