General Motors dealers are offering increasingly good deals as the coronavirus pandemic pushes onward.
The automaker announced last week that it would be offering 0 percent financing for up to 84 months for “very well qualified” customers on select Chevrolet, Buick and GMC vehicles. Customers will also be able to defer payments for up to 120 days if they are in the top credit tier under the current incentive program – meaning they won’t have to start paying for their new vehicle for another four months after purchasing it.
Some GM dealers are going a step further and offering massive discounts on certain vehicles. Take Antelope Valley Chevrolet in Lancaster, CA, for example. The store is currently offering nearly $11,000 off the price of a new Chevrolet Trax in LS trim with FWD, dropping the price to a bargain-basement $11,991.
Even trucks aren’t excluded from the deals. Antelope Valley Chevrolet is also offering $14,145 in savings on the 2020 Chevrolet Silverado Custom Crew Cab model, dropping the price from an MSRP of $42,475 to $28,330. Other vehicles with massive incentives at Antelope Valley Chevrolet include all 2019 Chevrolet Blazer models (up to $10,000 off MSRP), the 2020 Chevrolet Bolt LT ($13,131 off MSRP) and the 2019 Chevrolet Malibu LS ($6,404 off MSRP).
For clarity, let’s jump over to the east coast to see what kind of incentives Chevy dealers on the other side of the country have going. Paramus Chevrolet in New Jersey is currently offering up to $7,505 off the MSRP of a new 2020 Chevrolet Equinox LS FWD, dropping the price from $27,495 to $19,990. It also is offering a similar deal to Antelope Valley Chevrolet on the 2020 Chevrolet Trax LS FWD (though not quite as good) with $6,000 off the MSRP and a retail price of $15,890.
GM retail stores in the United States are also taking additional measures to connect with customers and close sales. With US citizens being urged to stay at home and avoid all unnecessary travel, Antelope Valley Chevrolet is offering home test drives, home delivery and home paperwork delivery. They are not alone in taking these measures, either, with many other GM dealers going to similar lengths to drive sales amid the pandemic.
Experts predict U.S. auto sales will fall by as much as 3 million units this year, spurred on by the coronavirus pandemic.