The Car and Truck Fleet and Leasing Management Magazine

Edmunds.com Reports Monthly True Cost of Incentives

July 14, 2003

Edmunds.com reported that the average manufacturer incentive per vehicle sold in the United States was $2,532 in May 2003. This is an increase of $606 of 31.5 percent from May 2002; and an increase of $271 or 10.7 percent from April 2003. Edmunds.com’s monthly True Cost of Incentives report takes into account all of the manufacturers’ various U.S. incentives program, including subvented interest rates and lease programs as well as cash rebates to consumer and dealers, the company announced. Incentives spending for domestic Chrysler, Ford, and General Motors nameplates averaged a record high of $3,389 per unit in incentives per May. This compares to $1,945 for European automakers; $1,371 for Korean manufacturers; and $1,062 for Japanese automakers.
Twitter Facebook Google+

Comments

Please note that comments may be moderated. 
Leave this field empty:
 
 

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

FleetFAQ

Fleet Tracking And Telematics

Todd Ewing from Fleetmatics will answer your questions and challenges

View All

 

Fleet Management And Leasing

Merchants Experts will answer your questions and challenges

View All

 

Sponsored by

Shirley Collins is the U.S. fleet manager at GlaxoSmithKline.

Read more

Up Next

More From The World's Largest Fleet Publisher