Dec 21st, 2007 by RJ Menezes
Anyone shopping for a car from the General needs to know this. For 2008 GM is raising the price of it’s vehicles an average of $500. Some cars won’t be affected at all, while cars like the Cadillac XLR will recieve a $1,500 price increase.
GM is siting “increased steel and commodity costs” as the major factor in the price hike of it’s vehicles.
“While most cars and trucks in our portfolio will go up between $100 to $500 in hotly contested segments, many vehicles such as the Saturn Aura four-cylinder and the all-new Malibu LS will have no increase,” said Mark La Neve, GM North America vice president of vehicle sales, service and marketing.
The price increase will not affect vehicles “already in dealer inventory, which continue to be available to customers until the end of the year during the GM Red Tag event,” GM said in a statement.
Better hurry to you GM dealer and get many of these cars at much lower prices. There is the possibility of some major money savings.
Above: Cadillac’s XLR roadster will get a $1,500 price hike. Ouch!
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