New models beat rebates

Data collected by Power Information Network show that the use of rebates for 10 new domestic makes were down by 30 percent in March 2005, as compared with the prior March versus their predecessors. Yes, this is mostly common sense especially since the cars that were replaced were heavily discounted. PIN even brought the study back to 2003 and found that the 2005 models moved off dealer lots 33 days sooner and sold at a price that was 15 percent higher. Cars included were the 300, Magnum, Five Hundred, Mustang, Montego, LaCrosse, STS, Cobalt, G6 and Corvette.