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You've seen the dealer commercials before. "Now is the time to buy.... year end sale!" Well, if you want the Pontiac or Saturn of your dreams, this really is the best ever time to deal because it's literally the last chance to get a new vehicle from these brands. The Wall Street Journal reports that General Motors is offering dealers $7,000 in cash for each new Saturn or Pontiac model sold until the deal ends January 4. Edmunds reportedly told the WSJ that it expects GM will have about 4,200 Saturn and Pontiac models by January 1.

That $7,000 in cash goes straight to dealers, meaning that a dealer can give you all or only some of the $7,000 off the vehicle if they so choose. But if you do get the entire $7,000 rebate, it could amount to 46 percent off the price of a new Pontiac G3 - you know, if driving a rebadged Chevrolet Aveo is your idea of excitement. But hey, how many new cars can you buy for $8,000 outside of India? A more compelling deal could be $7,000 off the price of a Saturn Astra. Getting a brand-new Astra with tons of options and a $13,000 price tag could be considered a steal.

The catch to the sale is that the vehicle will be sold as used since dealers will officially be the first owners of the vehicle. That could effect customers' ability to purchase a new vehicle with a GM employee or supplier discount, but in the majority of cases, the $7,000 would likely be the better deal. Hat tip to Keerthi!

[Source: The Wall Street Journal | Image: Justin Sullivan/Getty]

REPORT: GM may let dealers sell remaining "non-core" vehicles as used with big discounts originally appeared on Autoblog on Tue, 29 Dec 2009 11:28:00 EST. Please see our terms for use of feeds.

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Davison, MI, Pontiac-Buick-GMC dealer Jim Waldron isn't ready to give up on the Pontiac brand just yet. During a local news program on Flint ABC affiliate WJRT-12, Waldron revealed that he had made an offer to General Motors to buy Pontiac. Earlier in the week, GM announced that the Pontiac brand would be shut down no later than the end of 2010.

However, GM VP for North American Communications, Tom Pyden, later told the station that no deal would happen since the brand is not for sale. The latest viability plan put forward by the automaker makes no provision for spinning off Pontiac like it does with Hummer and Saturn.

However, if someone offers cash for Pontiac, it seems hard to imagine GM turning a blind eye to the deal. This would be especially true if the potential buyer offered to take over some closed factories to use for manufacturing, as Waldron intends to do. However, it's even harder to imagine that Waldron could make a going concern of a stand-alone Pontiac.

[Source: WJRT 12]

Pontiac dealer offers to buy brand, GM says "Not For Sale" originally appeared on Autoblog on Sat, 02 May 2009 17:46:00 EST. Please see our terms for use of feeds.

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When the president tells you to sharpen your pencil and improve your last-ditch survival effort, it's time to grab the big eraser. According to reports, General Motors may ditch its GMC and Pontiac brands to demonstrate just how serious it is. If the auto lines go, GM would be pared back to Chevrolet, Buick and Cadillac, a mere shadow of its former self, but the nameplates might become more clearly defined with the added breathing room. Ford's got its trifecta of Ford, Mercury and Lincoln, so GM would match that setup should it unload Pontiac and GMC in some way, as well as carry through with its ongoing process of shedding Saturn, Saab and Hummer.

While Pontiac actually has some unique offerings, GMC is rumored to stand a better chance of sticking around. It still wouldn't be cheap to do away with the brands. There are dealers who will not go quietly into the night, meaning GM will be looking at the possibility of finding a buyer for yet another piece of its puzzle. Of course, everyone's keeping mum about the possibility of life without Pontiac or GMC.

UPDATE: According to General Motors' sales chief Mark LaNeve, the automaker has no intentions of killing off Pontiac or GMC. LaNeve admits that GM is continuing to tweak its strategy, but reports that "GMC is going away are just unfounded, unsubstantiated and untrue."

[Source: Bloomberg]

REPORT: Pontiac and GMC may get axe... you knew this was coming originally appeared on Autoblog on Thu, 16 Apr 2009 09:27:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>gm bailoutgm bankruptcygm brandsgm bridge loangm gmcgm pontiacGmBailoutGmBankruptcyGmBrandsGmBridgeLoangmc pontiacgmc saleGmcPontiacGmcSaleGmGmcGmPontiacpontiac gmcpontiac salePontiacGmcPontiacSaleThu, 16 Apr 2009 09:27:00 EST http://www.autoblog.com/feed/1518564/article-comments.xml http://www.autoblog.com/feed/2009/04/16/pontiac-and-gmc-may-get-ax-you-knew-this-was-coming/1518564/article-detail.xml 1518564 http://www.blogcdn.com/www.autoblog.com/media/2009/04/pontiac_gmc_thumbnail.jpg http://www.blogcdn.com/www.autoblog.com/media/2009/04/pontiac_gmc.jpg -1 2