General Motors is offering generous deals on its 2012 and 2013 Chevrolet Silverado and GMC Sierra pickup trucks. The carmaker is doing this to thin the stock.
According to a report from the Detroit Free Press, GM offers up to $9,000 off remaining 2012 models and near $4,500 off its 2013 models in stock. This is good news for consumers who plan to buy a pickup truck, with low interest rates, good lease deals and available financing also playing in their favor.
In November, the Ram brand offered the largest discounts, at an average of $4,800, followed by GMC and Ford at $3,700, according to data from J.D. Power and Associates. GM dropped incentives on the Silverado to an average of just below $3,700. In December, dealers say GM has boosted its offers, while competitors have either maintained or raised incentives on some models.
The report says the incentives vary from $4,500 to around $5,000, although discounts are different depending on model year and options on the trucks. There are some good deals on both the Ford F-Series pickup, the best-selling vehicle in the U.S. and the Chevrolet Silverado, which ranks second. Together, Ford, GM and Chrysler control 83 percent of America’s full-size pickup truck market.
At the end of November, Chevrolet dealers had more than 169,000 Silverados nationwide, or a 138-day supply, according to Ward’s AutoInfoBank. Ford had a 90-day supply of F-150s, and Chrysler had a 106-day supply of Rams.