In the same press release in which General Motors revealed its 45 percent October sales hit, The General announced that it had brought forward its [now] annual Red Tag Sale. “We’ll do our part to continue fighting against these significant economic headwinds by bringing consumers the highest quality, most fuel efficient and affordable cars, trucks and crossovers that we can,” GM Marketing Maven Mark LaNeve wrote. [How reassuring is that-- given GM's product development freeze.] “To that end, LaNeve announced that GM’s no-haggle Red Tag Event… will provide great deals on most new vehicles in GM’s portfolio by offering a special Red Tag vehicle price and customer cash back. In addition, GM’s recently announced ‘Financing That Fits’ program enables consumers to find financing at affordable rates from GMAC and thousands of other banks, credit unions and financing institutions.” That’s it? No haggle plus the usual blizzard of incentives, special offers, discounts, rebates, trade-in allowance, finance offers and $2k-off coupons? GM must not have read Steven Lang’s “MSRP RIP.” Meanwhile, The Detroit News reports that Toyota’s extended its “Saved by Zero” zero percent finance offers on 11 vehicles ’til December first.
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