Author Topic: King of Cars CHOPS Hummer, adds SMART dealership...  (Read 1187 times)

Offline johngenx

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King of Cars CHOPS Hummer, adds SMART dealership...
« on: September 09, 2008, 12:30:06 am »
http://blogs.wsj.com/deals/2008/09/08/nations-largest-hummer-store-to-shut-its-doors/

"...But to move Hummers off the lot in August, buyers in the U.S. received an average of $8,861 in various incentives for each vehicle sold, according to Edmunds.com. Prices start at roughly $31,000 for the base H3 model run to $64,000 for the luxury H2 model. (Towbin says he was offering $6,000 in incentives, not including GM’s employee-pricing discount, hurting profit margins.) By contrast, BMW’s Mini spent $80 for each vehicle sold, Toyota’s Scion spent $131. Hummer discounts represent 22.6% of the price of the vehicle–the highest in the industry, Edmunds.com says. And still Hummer sales are down 47% this year, the largest decline of any brand, according to Autodata Corp..."

Jameel

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Re: King of Cars CHOPS Hummer, adds SMART dealership...
« Reply #1 on: September 09, 2008, 11:28:11 am »
http://blogs.wsj.com/deals/2008/09/08/nations-largest-hummer-store-to-shut-its-doors/

"...But to move Hummers off the lot in August, buyers in the U.S. received an average of $8,861 in various incentives for each vehicle sold, according to Edmunds.com. Prices start at roughly $31,000 for the base H3 model run to $64,000 for the luxury H2 model. (Towbin says he was offering $6,000 in incentives, not including GM’s employee-pricing discount, hurting profit margins.) By contrast, BMW’s Mini spent $80 for each vehicle sold, Toyota’s Scion spent $131. Hummer discounts represent 22.6% of the price of the vehicle–the highest in the industry, Edmunds.com says. And still Hummer sales are down 47% this year, the largest decline of any brand, according to Autodata Corp..."

Yah, that means I'll have to see less of these stupid things on the road.