Volkswagen hopes to encourage its existing customers to trade in for new models with $2,000 customer loyalty incentives in the wake of the diesel emissions scandal.
The Detroit News reports Ford is having real trouble moving its new Focus Electric. As a result, the automaker is offering substantial incentives in an attempt to lure in more buyers. How substantial? Try $10,750 off of a three-year lease. What's more, the EV can now be had for $37,995 ($2,000 less than its original base price) on top of an additional $2,000 cash discount to buy the EV outright – or you can opt for 1.9-percent financing if you work through Ford Motor Credit. None of which
Put this down as a public service announcement for rich people: A strong loonie is what our neighbors to the north have all been waiting for. Thanks to the loonie's climb up the currency value charts, Porsche has dropped prices of its line by two percent. A Boxster is suddenly $4,000 loonies cheaper than a few months ago, at $55,600 ($55,467 U.S.) vs. $59,600 ($59,457 U.S.), and the number-one-selling Cayenne is now $54,200 ($54,070 U.S.). There's probably no better time to convince your wife to
Realizing that one of its keys to survival is retaining existing owners, General Motors is proactively enticing nearly one million customers – those loyal to now-closed dealerships – with significant financial incentives. According to Automotive News, GM started sending 950,000 letters out last week to customers of stores which have shut down or lost a brand franchise. Included in the correspondence are $1,000 to $2,000 discounts towards purchasing vehicles from one of GM's four surv
Sometimes deals get made, and then the dealmakers have to employ some pretty creative tactics to get the terms to work. Magna's deal for Opel included taking €1.5 billion in short term loans from the German government, the string attached being that Magna had to guarantee German jobs.
Following news that Chrysler will start up employee pricing discounts again this summer, General Motors is jumping into the sandbox, only this time taking another tack -- zero percent financing for six years for many 2006 models, which is expected to be announced next week. It's a way for General Motors to stick by its word that it will continue to be a proponent of value pricing and still fight to keep the market share that has slowly been slipping away from its fingertips.