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 launching zero-percent financing sale, raises prices by 3.5 percent]]>http://www.autoblog.com/2008/06/23/gm-launching-zero-percent-financing-sale-raises-prices-by-3-5-p/http://www.autoblog.com/2008/06/23/gm-launching-zero-percent-financing-sale-raises-prices-by-3-5-p/http://www.autoblog.com/2008/06/23/gm-launching-zero-percent-financing-sale-raises-prices-by-3-5-p/#commentsFiled under: , , , , , , ,

During a dealer teleconference today, General Motors announced it would be launching a zero-percent financing sale beginning tomorrow, while simultaneously raising the prices of its 2009 vehicles.

The "72-hour sale" will run from June 24th through the 30th, and will offer customers 0-percent interest rates for 72 months on most Chevys, Buicks, Pontiacs and GMC vehicles. So far, there's no word on whether the offer will extend to Cadillac and Saturn. GM will also offer $500 in "bonus cash" to buyers who opt to purchase GM products outright rather than leasing them.

At the same time, the General is going to be raising the prices of 2009 models by an average of 3.5-percent "across the board," something that was bound to happen, according to Mark LaNeve, GM's vice president of vehicles sales, service and marketing.

On the production front, GM will be adding a third shift to its Lordstown, Ohio plant to increase production of the Pontiac G5 and Chevy Cobalt, while at the same time boosting production of the Pontiac G6, Chevy Malibu and Saturn Aura through the use of maximum overtime. Also of note: GM has hired Citibank to investigate the future of the HUMMER brand, which comes in the wake of GM's CEO, Rick Wagoner's announcement that "all options" are on the table regarding GM's faltering off-road brand.

[Source: Automotive News - sub. req.]

GM launching zero-percent financing sale, raises prices by 3.5 percent originally appeared on Autoblog on Mon, 23 Jun 2008 14:23:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>0 percent financing0PercentFinancingbuickcadillacchevroletfire saleFireSalegeneral motorsGeneralMotorsgmhummerpontiacprice increasePriceIncreasesaturnMon, 23 Jun 2008 14:23:00 EST<![CDATA[BMW to raise prices by 1% to counter weak dollar]]>http://www.autoblog.com/2008/05/27/bmw-to-raise-prices-by-1-to-counter-weak-dollar/http://www.autoblog.com/2008/05/27/bmw-to-raise-prices-by-1-to-counter-weak-dollar/http://www.autoblog.com/2008/05/27/bmw-to-raise-prices-by-1-to-counter-weak-dollar/#commentsFiled under: , , ,

Most would argue that BMWs already flirt with being overpriced, though Munich would argue with you. The dollar's drop has hurt BMW's ability to earn a margin on each vehicle it sells in the United States, so prices will be bumped by one-percent beginning in June. BMW has taken a 17-percent whack in income for the first three months of 2008 as sales have slowed, the dollar weakened, low resale values, and bad debts have cost the luxury automaker. Though it's facing a slight slowdown due to those factors, a one-percent price increase is relatively modest, and shouldn't cause much consternation when it comes time to sign on the dotted line, though it makes the 135 that much more rareified. As long as it keeps vehicles like the M3 coming, we'll gladly let you pay more for your X6 -- we weren't getting one, anyway.

[Source: Bloomberg]

BMW to raise prices by 1% to counter weak dollar originally appeared on Autoblog on Tue, 27 May 2008 09:02:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>bmw pricebmw price increaseBmwPriceBmwPriceIncreaseprice increasePriceIncreaseTue, 27 May 2008 09:02:00 EST<![CDATA[Price of exclusivity rising: Maybachs get $3500 price increase]]>http://www.autoblog.com/2007/10/23/price-of-exclusivity-rising-maybachs-get-3500-price-increase/http://www.autoblog.com/2007/10/23/price-of-exclusivity-rising-maybachs-get-3500-price-increase/http://www.autoblog.com/2007/10/23/price-of-exclusivity-rising-maybachs-get-3500-price-increase/#commentsFiled under: , , ,



Mercedes has a novel idea to simulate sales of its sluggish-selling Rolls-Royce competitor. Since it's not selling as well as the company had hoped, why not crank up the price? The Maybach 57 and 62 have both received a $3,500 price increase for the 2008 model year, bringing their total tallies to $341,750 and $392,750 respectively. The Maybach marque has not lived up to Mercedes' expectations, so the German automaker been quietly smothering franchises with pillows, reducing the count of Maybach stores to 29 from an original number of 71. While the brand seems to be floundering, rumors abound of expanding the model count by offering a GL variant and a smaller S600-sized (but not priced) model. For now, though, with only two models, exclusivity seems to be Maybach's stock in trade, and now it's got an even higher price to separate the wheat from the chaff.

[Source: Inside Line]

Price of exclusivity rising: Maybachs get $3500 price increase originally appeared on Autoblog on Tue, 23 Oct 2007 08:29:00 EST. Please see our terms for use of feeds.

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