Automotive News - October 27, 2008 - (Page 36) 36 • OCTOBER 27, 2008 SUBARU Customer Incentives , Incentives in this table are a summary of retail programs offered. Programs may vary by region and model. Cash rebate Finance rate Cash rebate Finance rate Cash rebate Finance rate BMW Expires Oct. 31. 2009 models 5 series 3 series 2008 models 1 series, M3, M5, M6 6 series 3 series, 5 series – 2.9% – 2.9-3.9% 0.9-1.9% 0.9-2.9% 0.9-4.9% CHRYSLER LLC Expires Oct. 31. In lieu of rebates, cut-rate financing is available. 2009 models Chrysler 300 $500-$1,500 – Town & Country $750-$1,000 – Aspen, Sebring $500-$1,000 – PT Cruiser $500 – Dodge Journey $1,000-$2,000 Grand Caravan $750-$1,000 – Durango $1,000 – Charger, Ram 1500, Caliber, Avenger $500-$1,000 – Nitro, Dakota $0-$750 – Jeep Grand Cherokee, Patriot $500-$1,000 – Commander $0-$1,000 – Compass, Liberty, Wrangler $500 – 2008 models Chrysler 300C $5,250-$6,000 0-7.9% 300 (excl. SRT8 and C) $2,750-$5,000 0-7.9% Sebring $1,000-$5,000 0-7.9% Aspen $4,000-$4,500 0-7.9% Pacifica $2,000-$4,000 0-7.9% PT Cruiser (excl. convertible) $0-$3,500 0-7.9% Town & Country $2,500-$3,500 0-7.9% PT Cruiser convertible $1,000 0-7.9% Dodge Ram 1500 $5,000-$6,000 0-5.9% Magnum, Durango $4,000-$5,000 0-7.9% Charger $2,500-$5,000 0-7.9% Ram 2500/3500 $4,500 0-7.9% Dakota, Grand Caravan $2,000-$3,500 0-7.9% Avenger, Nitro $1,500-$3,000 0-7.9% Caliber $750-$2,000 0-7.9% Jeep Grand Cherokee $3,500-$5,500 0-7.9% Commander $4,250-$4,500 0-7.9% Liberty, Patriot $2,000-$2,500 0-7.9% Wrangler $1,000-$1,500 0-7.9% Compass $750-$1,000 0-7.9% Consumer interest in the Cadillac Escalade started rising again at Baker Cadillac in Leominster, Mass., when the price of gasoline dropped from $4 a gallon to $3.50, says owner Joel Baker. But most carmakers say falling fuel prices are temporary, and they are sticking to their small-car plans. TRUCKS Share rebounds, but makers unimpressed continued from Page 3 business plans with that idea in mind.” In fact, last week Chrysler said it will close its Newark, Del., assembly plant, which builds the Dodge Durango and Chrysler Aspen SUVs, by Dec. 31 — a year earlier than planned. And Chrysler has announced that the next-generation Dodge Ram pickup will have a hybrid powertrain. Other automakers are sticking to plans for small cars and technology such as hybrids, fuel-injection engines and possibly electric cars. on “higher fuel prices, not lower,” McDonald says. A spokeswoman for Nissan North America Inc. in Nashville says there has been no indication of rebounding truck or SUV sales for the Nissan and Infiniti brands. Likewise, Toyota Motor Sales U.S.A. Inc. spokesman Xavier Dominicis sees no long-term movement back to big trucks. “The buying public often has a short memory,” Dominicis says. “But we’re looking at the numbers this month, and there’s no discernable evidence of anything changing.” H2, H2 SUT $2,500 H3T $1,500 Pontiac G6 $500-$1,000 G5, Solstice, Vibe, Torrent $500 G8 – Saturn Aura $500-$1,000 Outlook, Sky, Vue $500 2008 models Buick Enclave, Lucerne, LaCrosse – Cadillac DTS, XLR $4,000 Escalade, SRX, STS $3,000-$3,500 CTS Chevrolet Express cargo $1,500-$2,000 Express $1,500 Avalanche, Aveo, Cobalt, Colorado, Corvette, Equinox, HHR, Impala, Malibu, Silverado 1500, Silverado 2500HD/3500HD, Suburban, Tahoe, TrailBlazer, Uplander – GMC Savana cargo $1,500-$2,000 Savana $1,500 Acadia, Canyon, Envoy, Sierra 1500, Sierra 2500HD/3500HD, Yukon, Yukon XL – Yukon Hybrid – Hummer H2, H2 SUT, H3 $5,000-$7,000 Pontiac G5, G6, G8, Grand Prix, Solstice, Torrent, Vibe – Saab 9-7X $4,500 9-3, 9-5 $3,000-$3,500 Saturn Aura, Outlook, Sky, Vue – 6.9-7.9% 1.9-4.9% 6.9% 5.9-6.9% 6.9% 6.9% 6.9% 0-6.9% 0-5.9% 0-5.9% 0-5.9% 5.9-6.9% 5.9-6.9% TOYOTA MOTOR SALES Expires Nov. 3. In lieu of rebates, cut-rate financing is available. 2009 models Toyota Corolla, Camry (excl. Hybrid) $0-$1,000 0-2.9% Matrix, Sienna, Tacoma $0-$1,000 0-4.9% 2008 models Toyota 4Runner, Tundra $0-$5,000 0-1.9% Sequoia, Sienna $0-$3,000 0% Tacoma $0-$2,000 – Avalon, Highlander, RAV4 $0-$1,500 0-4.9% Camry Solara $0-$1,000 3.9-4.9% FJ Cruiser – 0-4.9% VW GROUP OF AMERICA Volkswagen expires Oct. 31; Audi expires Nov. 4. 2009 models Audi A3, A4, A8, S8, TT, Q7 – 4.9% Volkswagen Eos, GTI, Passat, Rabbit, Tiguan, GLI, Jetta, New Beetle, Touareg 2 – 3.9-5.9% 2008 models Audi A3, A4, A6, A8, Q7, RS4, S4, S6, S8, TT, Q7 – 0.9% R8 – 6.09-7.39% Volkswagen New Beetle convertible, – 0% GTI, Touareg 2, Passat GLI, Jetta, New Beetle sedan, Rabbit, Eos, R32 – 0-2.9% 0-6.9% 5.9-6.9% 5.9-6.9% 0-6.9% 5.9-6.9% 0-7.9% 0-6.9% 0-5.9% 0-5.9% 0-6.9% VOLVO Expires Jan. 5. 2008 models XC90 S80 – 0.9-2.9% – 1.9-3.9% AMERICAN HONDA MOTOR CO. Expires Nov. 3. 2009 models Acura RDX Honda Pilot Accord 2008 models Acura MDX, RDX, TL Honda Odyssey, Ridgeline CR-V, Accord, Element – 0.9-2.9% – 0.9-2.9% – 1.9-3.9% – 0.9-2.9% – 0.9-2.9% – 1.9-3.9% Dealer Incentives Incentives in this table are a summary of dealer programs offered. Programs may vary by region and model. BMW Expires Oct. 31. 2008 models 7 series Z4, Z4 M $7,500 $2,500-$3,500 LAND ROVER Expires Oct. 31. 2008 models LR2, LR3, Range Rover, Range Rover Sport – 0-1.9% CHRYSLER LLC Expires Oct. 31. 2008 models Chrysler Pacifica, PT Cruiser $0-$4,000 Town & Country, 300 $0-$400 Dodge Ram 1500, Ram 2500/3500 $0-$4,000 Avenger, Caliber, Charger, Dakota, Durango, Magnum, Nitro, Grand Caravan $400 Jeep Commander, Compass, Grand Cherokee, Liberty, Patriot, Wrangler $400 MAZDA Expires Oct. 31. In lieu of rebates, cut-rate financing is available. 2009 models B series $2,000 – Tribute $1,500 3.9% RX-8 – 0.9% CX-7, CX-9 – 1.9-2.9% 2008 models RX-8 $3,500 1.9% Mazda6 $2,750 0% Tribute $2,000-$2,500 0.9% B series $3,000 – CX-7, CX-9 – 0% Incentive effect Moreover, the increase in full-sized truck share could be attributed to the high incentives that most manufac- FORD MOTOR CO. Expires Nov. 3. In lieu of rebates, cut-rate financing is available. 2009 models Ford Flex, Explorer $2,500-$3,000 0-4.9% Fusion $2,000-$3,000 0-5.9% F-250 Super Duty, F-350 Super Duty $2,500 1.9-5.9% Escape $1,000-$2,500 0-5.9% Taurus, Taurus X $1,500-$2,000 2.9-7.9% Focus, Mustang $1,000-$2,000 0-8.9% Explorer Sport Trac $1,000-$1,500 2.9-6.9% Econoline $1,000 2.9-6.9% Lincoln Navigator $5,000 1.9-5.9% Town Car $4,000 4.9-8.9% MKZ $2,500-$3,500 0-5.9% MKS – 0.9-4.9% Mercury Grand Marquis $5,000-$5,500 1.9-5.9% Milan $2,500-$3,500 0-4.9% Mountaineer $3,000 0-3.9% Mariner $1,500-$2,500 0-5.9% 2008 models Ford F-450 Super Duty $7,000-$8,000 0-3.9% F-250 Super Duty, F-350 Super Duty $6,000-$8,000 0-3.9% F-150 $4,500-$7,500 0-5.9% Expedition, Expedition EL, Explorer $4,500-$5,000 0-1.9% Mustang $2,500-$5,000 0-5.9% Explorer Sport Trac $3,500-$4,000 0-1.9% Edge, Taurus $3,000-$4,000 0-4.9% Escape, Fusion $2,000-$4,000 0-3.9% $3,000-$3,500 0-4.9% Taurus X Econoline, Ranger $2,000-$3,000 0-1.9% Focus $1,500-$2,500 0-7.9% Escape Hybrid – 4.9-8.9% Lincoln Mark LT $8,500-$9,500 0-1.9% Navigator $7,000-$8,000 0-1.9% Town Car $6,000-$7,000 0-6.9% MKZ, MKX $3,500-$4,500 0-1.9% Mercury Grand Marquis $6,500-$7,000 0-1.9% Mountaineer $5,000-$6,000 0-1.9% Sable $3,500-$4,500 0-3.9% Milan $3,000-$4,000 0-3.9% Mariner $2,500-$4,000 0-3.9% Mariner Hybrid – 4.9-8.9% Gasoline down, share up The automakers are doing so despite some indication that lower gasoline prices have propped up sales of pickups and SUVs: Gasoline prices. As of Friday, Oct. 24, the national average price for regular gasoline was $2.78 a gallon, down from a high of $4.11 a gallon on July 17, according to the AAA Web site www.fuelgaugereport.com. Market share. Full-sized pickups accounted for 14.1 percent of U.S. sales in September (see chart on Page 3), an improvement since last May. But the pickups’ market share still lags behind the segment’s recent peak in July 2005, when large pickups accounted for 18.2 percent of U.S. sales . Auction prices. The average price for a used full-sized pickup in September was $9,834 — up 13.2 percent from the low point of $8,686 in June, according to the auction company ADESA Inc., of Carmel, Ind. Similarly, used full-sized SUVs sold for an average price of $10,507 in September, up 7.6 percent from $9,764 in June. But in both cases, prices were several thousand dollars per unit below recent years. “ Our view remains GENERAL MOTORS Expires Nov. 3. 2009 models Cadillac DTS, SRX, STS, STS-V, XLR, XLR-V $1,500-$2,000 Escalade (incl. Hybrid) $1,000 Saab 9-3, 9-5, 9-7X $2,000 2008 models Buick Enclave, LaCrosse, Lucerne $1,000 Chevrolet Silverado 1500 $1,500-$2,000 Avalanche, Silverado 2500HD/3500HD $2,000 Equinox $1,500 Malibu, Suburban $500-$1,000 Aveo, Cobalt, HHR, Malibu Hybrid $500 GMC Sierra 1500 $1,500-$2,000 Sierra 2500HD/3500HD $2,000 Acadia, Yukon XL $1,000 Pontiac G5, Torrent $500-$1,500 Saturn Outlook $1,000 that small cars and mid-sized vehicles MERCEDES-BENZ Expires Oct. 31. 2009 models R class C class 2008 models C class, CLK class, GL class E class, M class, R class, S class – 2.9% – 2.9-3.9% – 2.9% – 1.9-3.9% will continue to grow across the market. GEORGE PIPAS Ford Motor Co. ” MITSUBISHI Expires Oct. 31. In lieu of rebates, cut-rate financing is available. 2009 models Galant $2,000 0-2.9% Eclipse $1,000 3.9-5.9% Eclipse Spyder, Lancer 3.9-6.9% Outlander 4.9-6.9% 2008 models Endeavor, Raider $4,000-$5,000 0% Eclipse, Galant $2,500-$3,000 0-2.9% Eclipse Spyder $2,000 0-4.9% Lancer, Outlander $0-$1,500 0-4.9% Lancer Evolution – 0-5.9% Temporary relief Lower gasoline prices are only temporary, most automakers believe. “The reason the gas prices have come down is because of the overall effect of the financial markets on the economy,” says John McDonald, a General Motors spokesman. “Demand for gasoline and demand for oil has dropped significantly because of the poor credit market.” GM is basing its product planning turers tagged onto trucks this fall to move out old inventory. Most industry observers think there won’t be a real bounce in pickup or SUV sales until the housing http://www.fuelgaugereport.com http://www.Edmunds.com
Table of Contents Feed for the Digital Edition of Automotive News - October 27, 2008 Chrysler dealers under GM? States would rule Survey: Worried dealers flee GMAC Va. dealers turn to local credit unions Anxiety over Chrysler: Deal or no deal? Ford, GM execs join panels looking at eco-friendly options Big pickups, SUVs gain share Chrysler will cut 4,300 salaried jobs by year end BMW seeks joint vehicle electronics effort Runkle: Give tiny suppliers a chance VW goal: 80% N.A. content for Tenn. plant April Wortham China's BYD plans U.S. hybrids Lucky Icahn lost Lear Mahindra's U.S. launch to get $60 million ad drive Toyota may renew no-interest loans Hesterberg, Thomson will address congress Desperate industry begs feds for help Hyundai dealers want ads to pitch favorable loans Toyota, GM top global r&d spending After Detroit 3 take back design, supplier sitting pretty Germany's Preh supplies F-150 ventilation part Buehler is Volt supplier Freescale: New infotainment chip Are they too big to fail? A goal for GM: Buy back full control of GMAC Tax credit would move domestic cars GMAC loan bonus is a bad idea Take a good look: Toyota is losing its halo What flexibility is and what it isn't Toshiba joins battery battle Personnel Hyundai slows Ala. output of Sonata, Santa Fe Picture this LaNeve: GM marketing budget faces '09 hit Hyundai counts on luxury, hybrid hopes Keogh: Audi belongs with top luxury brands Dealers Court overturns class-action status in Blue Oval suit 2 major lemon-law lawyers lose right to practice in Md. Auctions offer more online for just-in-time dealers Used-truck prices higher in September Lack of used Minis limits certified program Wood trim maker expects to avoid worst of woes VW: U.S. may get Scirocco after all Ford's new F-150 is built for jobs, not jaunts Think of it as GPS for tools Feds look at China-made valves on Ford tires Shareholder value tumbles in 3rd quarter Shareholder value tumbles in 3rd quarter Ford truck marketing exec: Hybrid pickup 'publicity stunt' Survey: Ford Motor reliability improves Chrysler heir: Get back to basics Farley has bright idea to boost auction action Kerkorian speeds away from autos Names familiar? NADA leadership is a family affair Mitsubishi bucks trend on profits New trade debate in the works? Beware the 'vital' deal Automotive News - October 27, 2008 Automotive News - October 27, 2008 - (Page Intro) Automotive News - October 27, 2008 - (Page Bellyband1) Automotive News - October 27, 2008 - (Page Bellyband2) Automotive News - October 27, 2008 - Va. dealers turn to local credit unions (Page 1) Automotive News - October 27, 2008 - Va. dealers turn to local credit unions (Page 2) Automotive News - October 27, 2008 - Chrysler will cut 4,300 salaried jobs by year end (Page 3) Automotive News - October 27, 2008 - VW goal: 80% N.A. content for Tenn. plant April Wortham (Page 4) Automotive News - October 27, 2008 - VW goal: 80% N.A. content for Tenn. plant April Wortham (Page 5) Automotive News - October 27, 2008 - Hesterberg, Thomson will address congress (Page 6) Automotive News - October 27, 2008 - Hesterberg, Thomson will address congress (Page 7) Automotive News - October 27, 2008 - Toyota, GM top global r&d spending (Page 8) Automotive News - October 27, 2008 - Toyota, GM top global r&d spending (Page 9) Automotive News - October 27, 2008 - Freescale: New infotainment chip (Page 10) Automotive News - October 27, 2008 - Freescale: New infotainment chip (Page 11) Automotive News - October 27, 2008 - GMAC loan bonus is a bad idea (Page 12) Automotive News - October 27, 2008 - GMAC loan bonus is a bad idea (Page 13) Automotive News - October 27, 2008 - What flexibility is and what it isn't (Page 14) Automotive News - October 27, 2008 - What flexibility is and what it isn't (Page 15) Automotive News - October 27, 2008 - Hyundai slows Ala. output of Sonata, Santa Fe (Page 16) Automotive News - October 27, 2008 - Picture this (Page 17) Automotive News - October 27, 2008 - Picture this (Page 18) Automotive News - October 27, 2008 - Picture this (Page 19) Automotive News - October 27, 2008 - LaNeve: GM marketing budget faces '09 hit (Page 20) Automotive News - October 27, 2008 - Hyundai counts on luxury, hybrid hopes (Page 21) Automotive News - October 27, 2008 - Keogh: Audi belongs with top luxury brands (Page 22) Automotive News - October 27, 2008 - Keogh: Audi belongs with top luxury brands (Page 23) Automotive News - October 27, 2008 - Dealers (Page 24) Automotive News - October 27, 2008 - 2 major lemon-law lawyers lose right to practice in Md. (Page 25) Automotive News - October 27, 2008 - Lack of used Minis limits certified program (Page 26) Automotive News - October 27, 2008 - Lack of used Minis limits certified program (Page 27) Automotive News - October 27, 2008 - Lack of used Minis limits certified program (Page 28) Automotive News - October 27, 2008 - Lack of used Minis limits certified program (Page 29) Automotive News - October 27, 2008 - Lack of used Minis limits certified program (Page 30) Automotive News - October 27, 2008 - VW: U.S. may get Scirocco after all (Page 31) Automotive News - October 27, 2008 - Feds look at China-made valves on Ford tires (Page 32) Automotive News - October 27, 2008 - Ford truck marketing exec: Hybrid pickup 'publicity stunt' (Page 33) Automotive News - October 27, 2008 - Ford truck marketing exec: Hybrid pickup 'publicity stunt' (Page 34) Automotive News - October 27, 2008 - Survey: Ford Motor reliability improves (Page 35) Automotive News - October 27, 2008 - Survey: Ford Motor reliability improves (Page 36) Automotive News - October 27, 2008 - Survey: Ford Motor reliability improves (Page 37) Automotive News - October 27, 2008 - Beware the 'vital' deal (Page 38) Automotive News - October 27, 2008 - Beware the 'vital' deal (Page 39) Automotive News - October 27, 2008 - Beware the 'vital' deal (Page 40)
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