Waiting in Washington state was told the Enclave will be part of this sale.
Lucky for the buyers who have not taken delivery yet!waitingsince 8-10 said:I believe we still get the rebate, plus the dealer said that "there's good news" that their "red dot sale" starts today and so we qualify for an additional $500 off... must say that didn't make me that excited. I'd rather have my car!
GM Launches Year-End
'Red Tag' Incentive Campaign
By JOHN D. STOLL
November 17, 2007 11:01 p.m.
General Motors Corp., looking to spark year-end demand, has launched a new "Red Tag Event" incentive campaign that offers 0% financing for 60 months on several 2007 models and discounts on many newly launched 2008 models. The auto maker is battling to offset lower demand levels which have set in as buyers cope with a housing downturn and high fuel prices. GM launched the campaign Thursday and the company will run the deals until Jan. 2.
Chevrolet, Pontiac, Buick, GMC and Saturn products are covered under the program. GM's Saab and Cadillac brands are holding separate campaigns that revolve around the holidays.
GM says the annual Red Tag Event "is another example of GM using appropriate strategic and tactical incentive offers." In an emailed statement, the company noted that other manufacturers, including Toyota Motor Corp., run similar clearance programs. Chrysler and Dodge dealers, for instance, are currently running a broad "Event of a Lifetime" incentive campaign that offers cash rebates and breaks on vehicle financing.
In GM's case, dealers will use red tags on selected vehicles to advertise a lower price than what typically is asked. The discounted price includes a so-called factory-to-dealer incentive of as much as $1,000 on certain 2008 models, and is combined with other low-interest or cash-rebate offers that in rare cases are also available. On the remaining stock of 2007 models, GM is offering cash rebates or no-interest loans spanning five years in most cases.
GM generally has backed away from offering broad and sweeping incentive campaigns that make it appear the company's entire portfolio is on clearance. But it still periodically launches major initiatives, especially when buyers are most conditioned to expecting them, such as the end of the year and during the summer months.
In a phone interview, GM spokesman John McDonald declined to discuss November sales results, but the auto maker has posted a string of three monthly sales increases after dismal results in June and July. U.S. light-vehicle sales are currently tracking at about 16 million annually, after being above 17 million just two years ago. Most industry analysts expect the current industry slump to continue in 2008.
The downturn has provided a significant headwind to GM's attempt to return North American operations to profitability after two years of restructuring actions. GM's vehicle sales have fallen 6% in 2007 compared to the first 10 months of 2006. Some of the decline results from an effort to cut sales to rental car firms. The company's market share has hovered at 24% in recent months, giving GM executives optimism that the performance may be stabilizing after a decade of decline for the No. 1 auto maker.