Chevy Red Tag Sales Event Runs During December 2022
Providing an additional $500 off select 2022 and 2023 models.
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Providing an additional $500 off select 2022 and 2023 models.
Rebates available for 2022 and 2023 models.
Providing incentives on popular 2022 and 2023 models.
Buick spent an average of $1,000 per vehicle on incentives in Q2.
Cadillac had the most incentives on offer of any GM’s four brands.
The promotion ends on September 30th.
Average incentives at GM stood at just $1,705 in Q2.
Customers will not be able to sue GM if they sign the waiver.
Offers include zero payments for 90 days and 2.89 percent financing.
Incentives include zero percent APR financing and no payments for 90 days.
Cadillac had higher incentives than Chevy in Q1.
A similar situation to GM’s other three brands.
Buick’s average transaction price for Q4 stood at $39,304.
High demand leaves little reason to introduce sales incentives.
Most incentives, when available, were worth less than $2,000.
That’s another all-time high for the GMC brand.
GM incentive spending averaged $2,994 per vehicle in Q3.
The Escalade spent just over 10 days on the lot on average.
But only American EVs made by unionized workforces will qualify.
Driven in-part by the Cadillac Escalade.