General Motor Puts Final Pontiacs And Saturns On Sale
Jan 01, 2010 | Comments 4
A new stratagem aids General Motors to sell the inventory right away, a phenomenon that most of the automakers dream of. This carmaker has offered dealers huge incentives to get the redundant Pontiac and Saturn brands out of its factory.
According to the new strategy introduced by GM, the dealers first need to procure the car from the automaker to avail the incentive of $7,000 each car. This car can then be sold to retail customers at a discounted price. However, the offer expires on 4th Jan 2010.
It is considered to be a smart move by the giant that declared bankruptcy on 1st June 2009 and redeveloped. The company would have had to wait longer to sell the cars if it offered direct discount to customers individually.
GM declares that the 15,000 vehicles of Pontiac and Saturn in the inventory would be officially the last manufactured ones of their kind.
Popularity: 2% [?]
15,000 vehicles in the inventory and $7000 each car to the dealer plus selling car in discounted price! Can this company make profit after all this? On top it was bankrupt in 2009!
This is 21st century! Brand new cars are also on sale these days plus huge incentive to the dealer who sells the car! How can anyone get this kind of idea?
Genius mind behind this idea I must say. What a classic style to increase the sales and also finishing the inventories at one go.
What a strategy of selling the cars, specially after declaring bankruptcy.