Carmakers Don’t Plan to Repeat Discount Wars
From Reuters
U.S. automakers plan to extend sales incentives to draw buyers into showrooms as they gear up for the start of the spring selling season but say they will not repeat the deep-discount wars of 2005.
DaimlerChrysler’s Chrysler unit is extending an offer of no-interest financing for five years on selected vehicles through March. Ford Motor Co. said it would match consumers’ down payments up to $1,000 on Ford-brand cars and trucks. General Motors Corp. is preparing to launch a “March Madness” promotion.
