Both of these Headlines/Stories have been picked up by multiple newspapers and news services. They both cover the exact same information, but I'm not sure you'd know it from the Headlines GM Posts Best Sales Month of the Year And GM, Ford sales off again in July; Toyota, Nissan continue to gain Wonder what different perceptions people who only skim the headlines will have of the news today
LOL!! Gotta love spin.... My CNN article quoted GM making just over $400/vehicle sold and Toyota at over $1500/vehicle sold. Wonder who's winning this race?!
Speaking of Incentives GM announces rebates to reverse losses General Motors Tuesday announced some of the highest rebates in industry history -- up to $6,500 -- as it struggles to reverse losses in market share and to clear unsold inventories in preparation for the arrival of 2005 models. It is offering up to $6,500 on the Buick Ranier and Rendezvous SUVs and the Buick LeSabre sedan. As much as $6,000 is available on 15 other SUVs and one van. The program varies widely by region as well as by model, and the highest amounts require financing through General Motors Acceptance Corp., the carmaker's lending unit. Rebecca Lindland, Massachusetts-based auto analyst for the economic forecasting company Global Insight, said the GMAC caveat is a smart move on GM's part. The GMAC unit earned more in the second quarter, $860 million, than GM earned selling cars.
GM is hurting, a guy I know was looking at a vette and the salesperson chopped the price 12K if he'd buy it right then -- he did.
And of course you have to pay income tax on those rebates, even though they're just cutting a bit off the price of the car you are buying. So you pay tax on that money twice!
