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Good Time For Pickup Buyers As GM Sweetens Deals

Originally posted on CBS Detroit:

By TOM KRISHER, AP Auto Writer

DETROIT (AP) - General Motors is offering generous deals on Chevy Silverado and GMC Sierra pickup trucks after they piled up on dealer lots.

GM is matching or beating discounts from rivals Ford and Chrysler this month. It miscalculated in November when it reduced incentives and truck buyers went looking elsewhere for sweeter deals.
The three Detroit automakers have been vying for new truck business all year as the market continues a slow rebound from the Great Recession. Experts say buyers can now get discounts of $4,500 or more on some of the best-selling vehicles in the country. Throw in low interest rates, sweet lease deals and abundant financing and it’s a good time for people who are in the market for a truck.

“They’re all very competitive with each other right now,” said Russell Barnett, who owns dealerships around Winchester, Tenn., southeast of Nashville…

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A financial analyst by profession with a focus on value investing. Likes Benjamin Graham's investing style

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