The Industry's Leading Source For F&I, Sales And Technology

Top News

Ford, GM Extend Incentive Deals to Clear Out 2004s

September 24, 2004

DETROIT -- GM and Ford have planned big 2004 clearance sales for the last week of September. Both automakers are offering six-year, zero-percent interest loans on most 2004 models.

GM's financing offer does not apply to Cadillac, Saab and Hummer, reported USA Today. Ford's promotion excludes the Thunderbird.

Last month, GM said it had an inventory of about 1.15 million vehicles, according to the Detroit Free Press. Almost 60 percent of that inventory was made up of 2004 models. Ford's inventory was about 790,000 vehicles, 60 percent of which were 2004 models. Both automakers have already cut their production targets for the fourth quarter.

Your Comment

Please note that comments may be moderated. 
Leave this field empty:
Your Name:  
Your Email:  

CLOSE [X]

READ NEXT

Mitsubishi Finance Arm Seeks Partner

Struggling Mitsubishi Motors Corp. is looking for a partner to help its finance arm, Mitsubishi Motors Credit of America Inc.