GM is offering an incentive on the Vue Green Line (Hybrid). You can now get 0% financing (until Feb 28th) and $500 cash back. This is the latest incentive out there on hybrid cars, which was practically unheard of even a year or two ago. Some would say that means demand for hybrids is slowing down, but I would have to disagree.
To me, the incentives we're seeing lately, especially those from Toyota, are directly related to the successful hybrids have been. When they first came out, hybrids were in such demand, dealers couldn't keep them on the lots. You had to buy them sight unseen, because they just weren't available for even a test drive.
Now, with the variety and the increased production (especially of the Prius), what we're seeing is hybrids going mainstream. So, when sales goals are increased, more incentives are needed to move more units off the lots.
A quick check of incentives at Edmunds:
- Cash on a Camry Hybrid,
- Leases on a Prius,
- low apr or cash on the Ford Escape Hybrid
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2 comments:
The $500 in bonus cash is only available in the Northeast and North Central-East regions. Most parts of the country don't get it.
I run a price comparison site, truedelta.com, but to keep things simple just track incentives in Chicago. Chicago doesn't get this incentive.
Thanks for the update on the incentives program Michael. It's always good to keep in mind that what the dealers are willing to offer here are different in other parts of the country.
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