OEMs offer attractive incentives, dealers shift to online

Automakers in the U.S. are offering attractive incentive programs to consumers as OEMs deal with the impacts of the novel coronavirus pandemic. General Motors, for example, released a program advertising loans at 0% interest across its entire fleet. “‘Keep America Rolling’ was a far broader program than had ever been seen before,” said CNBC. “Other automakers soon followed and car sales quickly rebounded.” Dealers are also trying new things — like shifting to having more or all of the buying process done online. (Source: CNBC) Read the original story…

About Todd Phillips

Todd Phillips is the editorial director of Universus Media Group Inc. and the editor of Canadian auto dealer magazine. Todd can be reached at tphillips@universusmedia.com.

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