New Evidence of Inflation

GM Plans to Lower Prices on Most Vehicles
Tuesday January 10, 11:06 am ET
By Dee-Ann Durbin, AP Auto Writer

DETROIT (AP) -- General Motors Corp., the world's biggest automaker,
said Tuesday that it will lower the prices on 57 of its 76 models in
North America in an effort to boost its sliding market share and wean
buyers off expensive incentives.

Mark LaNeve, GM's vice president of sales and marketing, told
reporters that the program will lower the manufacturer's suggested
retail price by as much as $2,500 on some vehicles, but the average
decrease will be $1,300.

"The moonbats bark thrice at midnight."

Pineywoods Pete...

When is the last time you paid MSRP for a new car ? I really do
favor the idea of having one price, take it or leave it. That would
put the auto industry where all other retailers are at. It won't be
long that WalMart will be selling new SUVs in the garden section.

I have never understood why the new car pricing system was like it
was. It's obviously designed to cheat the innocent and unwary and
reward people who enjoy bull sh*tting. Like me. I would never pay

Glenn...

Horse trading. Not deceptive, just educational.

more for a new car than List Price minus 28 percent. That's what I
was taught in the 1970s and it seems to be a good figure.

El Castor...

Your discount comes off the dealer markup, which is included in the
MSRP. The price reduction that GM announced is coming off the MSRP.
Only a small percentage of that reduction, less than 10%(?), would be
dealer markup. So ... it's a real, honest to God, price reduction,
straight from the factory to the pocket of Pineywoods Pete.

As far as paying MSRP is concerned, I'm sorry to say that I'm about to
do it. I've had a Prius on order since September, and the dealer is
guaranteeing MSRP. There are a couple of reasons why that is an ok
deal, but not real great. At the moment there is a $3,150 tax credit
(not deduction - credit), which is going away, or more properly, going

Pineywoods Pete...

I would like a Prius, but I shall wait until the newness wears off.
There is no way to get a bargain on something so popular. I still
think science could make a far more effecient car if they really
wnated to. But I'm not good in the technical area so I have no
suggestion.

down, in a few months. There is also a state issued sticker, which
won't be around much longer, that allows single occupant hybrids to
drive in the car pool lane. And, most importantly, I have the itch.
Normally, though, I would take your advice one step further -- never
buy a new car, period. Two years old is usually a much better deal.

Pineywoods Pete...

I have always preferred two year old cars. That way you at least
don't suffer the entire loss of the dealer mark up when you drive it
off the lot. But if you could get it at it's true, bottom retail
price, which none of us know, it would be best to go with a new one.

El Castor...

Preparing for the Prius, we sold a Mitsubishi with 97,000 miles on it
to a Mexican looking for a low mileage car to take his family back to
Mexico on vacation. His SUV had 175,000 miles on it, and he didn't
trust it any longer. I guess everything is relative. (-8

"The moonbats bark thrice at midnight."

"The moonbats bark thrice at midnight."