General Motors is now offering cash rebates of up to $US2,500 on some of its 2005 model vehicles, in another escalation of Detroit’s incentives war, according to Reuters.
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GM spokeswoman Deborah Silverman told the news agency the automaker has also cut the basic cash rebate on most of its 2004 model cars and trucks by $500, to $3,500 and $4,500 respectively.
Customers financing their purchase of a 2004 model through GM’s finance arm would also be eligible for an additional “bonus cash” offer of between $500 and $1,500, Silverman reportedly said.
The bonus cash programme varies by region of the country and by model, she told Reuters, but in some cases, consumers could get a total cash rebate of up to $6,000 on vehicles from the 2004 model year.
The basic rebate on most 2005 cars and trucks, which are just now making their way into dealership showrooms, is $1,000, according to Reuters.
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By GlobalDataModel year 2005 Cadillacs and Hummers have no cash rebate incentives, Silverman reportedly said, but, on a limited number of number of 2005 models, customers financing through General Motors Acceptance Corp. could get a rebate totalling $2,500.
