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Old 06-26-2008, 12:00 AM   #1
Charlie
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Default Clarification: GM 2009 Price Increases

A new story entry has been added:

Clarification: GM 2009 Price Increases

Quote:
Earlier this week, Mark LaNeve, General Motors vice president of vehicle sales, service, and marketing told GM dealers, Saturn retailers, and the media about a new 0% promotion, the company's evolving production plans, and a 3.5% price increase.

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Old 06-26-2008, 08:16 AM   #2
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Default Re: Clarification: GM 2009 Price Increases

How much of an increase do cars usually have each model year?

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Old 06-26-2008, 08:47 AM   #3
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Default Re: Clarification: GM 2009 Price Increases

This makes sense, and overall seems like a small increase. Didn't GM have a price increase something like 4% average back in '94 or something?

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Old 06-26-2008, 01:50 PM   #4
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Default Re: Clarification: GM 2009 Price Increases

Typically car prices increase at the rate of inflation, 2-3%. Considering the speculated price of oil, and the uncertainty of an election year 3.5% is not a bad increase.

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Old 06-26-2008, 05:58 PM   #5
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Default Re: Clarification: GM 2009 Price Increases

You can't blame them for trying to raise list prices to cover their costs however the prices they sell them at will be determined by the marketplace. Saturn is under more pressure to get the pricing set right than most other brands because of the no haggle policy.

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