Chrysler LLC spent $4,705 on incentives - Dodge Nitro Forum
Chrysler/Dodge/Jeep News Find out the latest scoop here!

 
LinkBack Thread Tools Display Modes
post #1 of 1 (permalink) Old 10-07-2008, 07:20 PM Thread Starter
Super Moderator
 
rickaren's Avatar
 
Join Date: Nov 2006
Location: Indiana
Posts: 22,859
Garage
Chrysler LLC spent $4,705 on incentives

Toyota Offers Surprising Car Deals

Posted: Oct. 06, 2008 10:10 a.m.

USA Today reports, "Toyota announced Thursday what is calls its most sweeping credit incentive-discount program ever...In a bid to revive traffic in showrooms, Toyota will offer 0% financing on 11 models through Nov. 3. The deal covers most of the Toyota brand except hybrids and the Yaris subcompact. The company's Scion and Lexus brands are not included." The move is highly unusual for Toyota. While domestic automakers have used incentives to sell cars in a slow economy many times, Toyota is known for resisting the urge to heavily discount cars.

The Detroit News characterizes the offer as "the latest sign of the mounting woes in the auto industry." They note that "Toyota has been spending far less on incentives than Detroit's Big Three automakers." The Japanese company "spent $1,481 per vehicle in September, compared to $3,972 for General Motors Corp," while "Ford Motor Co. spent $3,696 and Chrysler LLC spent $4,705."

Business Week, meanwhile says the offer "is trying to make the point that tight credit is no excuse for buyers." Credit woes are largely blamed for a September that saw the worst sales figures in fifteen years in the auto industry. "Toyota's incentives come at a time when banks are curtailing lending because of widespread mortgage defaults that have brought down investment banks and a major insurance company." The company apparently wants to show consumers that credit is available for those who are car shopping -- "in fact, [Toyota is] literally giving credit away for free."

When we researched the best car deals of October, we did flag one Toyota as a stunningly good offer. But, somewhat surprisingly, we found better deals from domestic and even European makes in quite a few classes. Research the best ways to get a car loan with U.S. News' car rankings and reviews.
LINK:Toyota Offers Surprising Car Deals - U.S. News Rankings and Reviews

Rick

Nitro Year: 2007 (1 of 91,815 sold in 07)
Nitro Model: R/T 4X4 Stone White
CAT-BACK Exhaust, CAI, Projector Head Lamps
Fully-Equipped w/all factory options
rickaren is online now  
Sponsored Links
Advertisement
 
Reply

  Dodge Nitro Forum > Dodge Nitro News & Polls > Chrysler/Dodge/Jeep News

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the Dodge Nitro Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in











Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode



Similar Threads
Thread Thread Starter Forum Replies Last Post
Chrysler to Unveil New PT Cruiser rickaren Chrysler/Dodge/Jeep News 2 08-12-2008 08:55 AM
Chrysler LLC Prices New Hybrids Thousands Below Competition rickaren Chrysler/Dodge/Jeep News 0 06-17-2008 09:52 AM
Chrysler LLC Salutes Nearly 200 Dealers That Sold at Least 1,000 Units in 2007 rickaren Chrysler/Dodge/Jeep News 1 04-22-2008 06:25 PM
Chrysler LLC Announces Barrage of New Engineering and Technology Innovations rickaren Chrysler/Dodge/Jeep News 0 04-14-2008 10:48 AM
20 Years of Chrysler Concept Vehicles rickaren Chrysler/Dodge/Jeep News 0 05-25-2007 10:42 AM

Posting Rules  
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome