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GM Gives Dealers Cash to Clear Pontiac, Saturn Inventory

pontiac_g8.jpg

Long goodbyes are painful (and bad for public relations), so General Motors is offering dealers a big incentive to sell off the remaining Pontiacs and Saturns, according to a Wall Street Journal report. GM will pay $7,000 for every car moved out of new car inventory and into rental- or service-vehicle fleets before Jan. 4.

Said vehicles must then be sold as used cars, but when the dealer passes the cash along to the customer, the savings could be quite significant. However, this can't be combined with the 0-percent, 72-month loan terms or the $6,500 rebate GM has already been offering.

The program is of course expected to inflate GM's December sales, though Saturns and Pontiacs have been very difficult to move in recent months, averaging a combined 13,000 deliveries per month. The problem? Dwindling inventories make it unlikely that you'll still find a car as desirable as this G8 GT. But if it's a G3 you want, step right up.

Wall Street Journal

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4 Comments

roadburner says:

08:39 AM, 12/29/09

Gubmint Motors would have to pay me $70,000 to take a G3.

estreka says:

11:39 AM, 12/29/09

I would love to take a brand new G8 GT for $23K.

DLu says:

01:47 PM, 12/29/09

couldn't find any non-base G8's in Boston

jederino says:

05:12 PM, 12/30/09

No Vibes in WA State. That would be a killer commuter for $10K!

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