FI showroom red and grey logo
MenuMENU
SearchSEARCH

GM, Ford Say No-Interest Financing Deals Responsible for Return to Showrooms

by Staff
September 25, 2001
2 min to read


The world's two largest automakers are having some success in wooing buyers back to the showrooms with interest-free financing offers,

turning around a virtual halt in sales after the Sept. 11 terrorist attacks, according to the Washington Post.

Ad Loading...


Auto sales, however, have not reached pre-attack levels, according to industry analysts. Nor are they likely to make up for the decline that dogged the industry even before the tragedies, some industry experts said.


But the new incentives, advertised by General Motors Corp. and Ford Motor Co. late last week, offered the kick start needed to move the metal through the showrooms, according to many analysts. "It's surprising because there was so

much else going on," said Art Spinella, vice president and general manager of CNW Marketing/Research Inc. in Bandon, Ore.


Since GM announced its incentives Sept. 20, auto sales rose to 95 percent of what they were before the attacks, according to Spinella. Between Sept. 11 and Sept. 16, sales had basically stopped, he said.


In a spot survey of showroom customers in 29 markets, 18 percent of those looking at GM and Ford products Sept. 21 through Sept. 23 said they were motivated by the interest-free offers, according to Spinella. The percentage of shoppers who bought cars bounced back to the typical 30 percent range this weekend, after dipping to the teens Sept. 11 through Sept. 20, Spinella said.

Ad Loading...


The Miller Brothers Chevrolet and Olds Cadillac showroom in Ellicott City, Md., sold 15 cars on Saturday -- nearly double the usual number at this time of year, according to Bob Palmer, the dealership's general manager. Customers came to the dealership citing news reports about the financing deals, Palmer said. "The incentives just seemed to really make the difference," he said. "It just brought smiles to our faces at this very depressing time."


"Market share of North American producers would

have suffered an even greater decline without these [GM and Ford] incentives," said Paul Taylor, chief economist at the National

Automobile Dealers Association (NADA). The incentives also will keep people working in auto plants nationwide and help franchise dealerships survive, according to Taylor.

Topics:F&I

More F&I

Photo of a keyring with mltiple keys, including a car key fob, on a white surface
F&IJuly 15, 2026

Integrating Nontraditional F&I Products

The niche presents a strategic advantage for auto dealerships as they move to adapt to fast-changing consumer expectations in today’s market.

Read More →
Photo of businessman's hands holding eyeglasses at a desk
F&Iby Rick McCormickJuly 7, 2026

Trust Is Personal

Technology, no matter how efficient, can’t replace what the human F&I manager can do, which is to bridge the divide between cyberspace and the in-store experience.

Read More →
Photo of executive in a sports coat and glasses
Industryby StaffJuly 2, 2026

Amplify 2026 Billed as Turning Innovation Into Results

Reynolds and Reynolds says its annual retail summit will connect dealers with practical strategies, peer insight, and technology-driven ideas.

Read More →
Ad Loading...
Woman standing on stage smiling.
F&Iby Lauren LawrenceJuly 1, 2026

Own Your Outcome: F&I in the Digital Customer Journey

Finance has historically been the last step in the car-buying process, but it doesn’t have to be. The customer’s journey starts long before they arrive at the dealership, and so should F&I’s involvement.

Read More →
$100 bill and magnifying glass on top of paper that says insurance policy terms and conditions.
F&Iby Lauren LawrenceJune 29, 2026

Tariffs Could Raise Insurance Premiums

As U.S. import tariffs affect repair costs, consumers might find it more affordable to replace a damaged vehicle, according to recent Insurify tariff analysis.

Read More →
Red toy car sitting on top of coins.
Auto Financeby Lauren LawrenceJune 24, 2026

Smaller Loans, Longer Terms

The youngest generation of car buyers is more likely to finance less expensive vehicles, more than half of generation Z consumers borrowing less than $25,000.

Read More →
Ad Loading...
Under the hood of a Toyota Prius EV Hybrid car.
F&Iby StaffJune 15, 2026

New Lifetime Battery F&I Product Meant to Drive Dealer Traffic

EFG Cos. offering is intended to create lifetime auto dealer engagement with customers.

Read More →
Several illustrations of question marks on a surface
F&IJune 10, 2026

The Psychology Behind Menus That Increase Add-On Sales

There is a science to crafting a menu that gives customers confidence in the choices presented, and moving the process outside the F&I office can further boost results.

Read More →
Man holding magnifying glass over sales volume paper.
F&IMay 29, 2026

Why Your F&I PVR Is Misleading You

Here’s a handy checklist of the numbers to track in 2026 instead.

Read More →
Ad Loading...
Photo of woman typing on a laptop as she sits on a couch
F&Iby Hannah MitchellMay 29, 2026

Auto Consumer Anxiety Presents Opportunity

A survey of U.S. drivers found the majority are concerned about finances and the economy, but those fears make many ready to buy vehicle-protection products.

Read More →