GM: Car prices could jump significantly higher
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GM: Car prices could jump significantly higher
Not surprising considering what's been going on over the last few years, but it could be a clever sales pitch to clear out inventory.
http://www.businessweek.com/ap/finan.../D8UFN6Q80.htm
http://www.businessweek.com/ap/finan.../D8UFN6Q80.htm
U.S. automobile prices could rise significantly in the near future because of industry restructuring, rising raw materials and regulatory costs, General Motors Corp.'s chief financial officer said Tuesday.
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From: Albany, NY
Inflation was pushing 10% this year (DoL says 6.4%) plus look at how many cars are built in Canada and how much the dollar has fallen against it. Steel prices are also up about ~10% from a year ago.
If I was GM I'd just drop the rebate and let the other automakers raise there prices. What s the point of raising prices when you just know a rebate will follow.
If I was GM I'd just drop the rebate and let the other automakers raise there prices. What s the point of raising prices when you just know a rebate will follow.
Last edited by Z28x; Jan 29, 2008 at 02:06 PM.
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