All employee pricing plans extended

Each of the Big 3 announced this week that their employee pricing plans would be extended. Edmunds cites The Wall Street Journal as reporting that GM will continue its pioneering incentive program into August, while Ford has already announced that its program has been extended to Labor Day. Chrysler has announced that it's extending its employee pricing plan indefinitely. Both GM and Ford have also announced that they would be lowering most of their models' sticker prices, as well as adding additional standard features. As we reported earlier today, July turned out to be a huge month for domestic auto sales and we'll have to wait and see how long each company can maintain these employee pricing plans as their 2005 inventory dwindles and 2006 models arrive on the lots.