Automotive Fleet
MenuMENU
SearchSEARCH

Edmunds.com Reports Automakers’ True Cost of Incentives: Large SUVs are the Most Subsidized Vehicles in the Industry

Edmunds.com ( http://www.edmunds.com/ ), an online resource for automotive information, reported on July 29th that the average manufacturer incentive per vehicle sold in the United States was $2,624 in June 2003, up $654 or 33.2% from June 2002 and up 3.6% or $92 from May 2003. Industry average “days-to-turn,” which measures how many days on average it takes to sell a vehicle after it hits the dea

by Staff
August 4, 2003
2 min to read


Edmunds.com ( http://www.edmunds.com/ ), an online resource for automotive information, reported on July 29th that the average manufacturer incentive per vehicle sold in the United States was $2,624 in June 2003, up $654 or 33.2% from June 2002 and up 3.6% or $92 from May 2003. Industry average “days-to-turn,” which measures how many days on average it takes to sell a vehicle after it hits the dealer's lot, remained constant from last month at 69 days, but was up from last June’s 55 days. Edmunds.com’s monthly True Cost of Incentives(SM) (TCI(SM)) report takes into account all of the manufacturers’ various U.S. incentives programs, including subvented interest rates and lease programs as well as cash rebates to consumers and dealers. To assure the greatest possible accuracy, Edmunds.com bases its calculations on sales volume, including the mix of vehicle makes and models for each month, as well as on the proportion of vehicles for which each type of incentive was used. Incentives spending for domestic Chrysler, Ford and General Motors nameplates averaged a record high $3,516 per unit in incentives in June, compared to $1,898 for European automakers, $1,369 for Korean automakers, and $1,030 for Japanese automakers. Chrysler had the biggest increase in incentives spending in June, up 14.2% to $3,494. Despite this jump in incentives, the U.S. market share for Chrysler fell 0.3% to 13.5% in June. Ford increased incentives spending by 1% for the month, to $3,252 per unit, and saw its market share inch up 0.2% to 19.4%. General Motors' increased its incentives spending 0.9% for the month, to $3,708 per unit, while its market share increased 1.6% to 28.5% in June, its highest level since December 2002. By vehicle segment, large SUVs had the highest average incentives this month at $3,829, followed by large cars at $3,478 and large trucks at $3,299. Luxury SUVs had the lowest average incentives at $1,270, with sports cars at $1,645 and compact SUVs at $1,716. Compact cars gained the most market share, up 0.7% to 15.5%, while midsize SUVs lost the most market share, down 0.5% to 12.7%. “Because consumers are becoming less responsive to traditional incentives, many manufacturers are trying to break new ground by offering matching down payments, longer terms for low APR programs, subsidized leases, 24-hour test drives and higher rebate amounts,” said Dr. Jane Liu, Executive Director of Data Analysis for Edmunds.com. “However, there are certainly some exceptions where manufacturers with strong brands have produced highly desired vehicles; the new Toyota Sienna, Volkswagen Touareg and Lexus RX 330 are all having great sales success with virtually no incentives.”

Topics:Operations

More Operations

A transparent blue background of a hand stamping a paper is the background of text that says "What about fleet policy exceptions?" with the Automotive Fleet logo in the bottom right corner.
Operations•by Faith Howell•October 20, 2026

Here's When You Should Make an Exception to Fleet Policy

Fleet policies are designed to create consistency, but not every driver or situation fits neatly within standard rules.

Read More →
A hand writing on an ipad with a transparent AI graphic over it
Operations•October 20, 2026

AI-Native or AI-Acquired: What Should Fleet Managers Look for in an AI Platform?

Six questions can help fleet managers look beyond AI marketing claims to evaluate integration, data access, and real-world operational performance.

Read More →
Chevin 2026 Buyes Guide cover
Sponsored•October 14, 2026

A buyer's guide to fleet management software in 2027

Buying fleet management software in 2027 means looking beyond features and price. As fleet operations, technology and expectations evolve, this guide explores what today’s fleet professionals should consider when choosing a system that can deliver value now and adapt to what comes next.

Read More →
Ad Loading...
An overhead image of a freeway system with no vehicles
Sponsored•by Shelley Mika•October 13, 2026

What Will Shape the Next Era of Fleet Management?

EVs, AI, and autonomous vehicles are reshaping fleet management. Discover what’s ahead—and how fleet leaders can prepare for the next era.

Read More →
A Cox Fleet technician working on the left with the rear view of a military man saluting a flag on the right
Operations•October 8, 2026

How Fleets Can Recruit and Train Veterans for Technician Roles

Here's how the technician shortage has affected uptime for fleets, and what to do about it.

Read More →
A transparent toll background with the Automotive Fleet logo and Neology logo on top.
Operations•October 5, 2026

Avis Budget Group Deploys Neology Toll Management Technology Across Major Brands

Neology’s neoFleet platform will manage toll transactions and toll-authority operations for vehicles across Avis, Budget, Payless, Budget Truck and Zipcar.

Read More →
Ad Loading...
wedding album, car, and car keys
Operations•by Chris Brown•October 2, 2026

Fleet Personal-Use Charges Edge Higher in 2026

Nearly eight in 10 surveyed fleets allow personal use of company vehicles, while just over half of respondents report charging employees for the privilege.

Read More →
AF news recap thumbnail
Operations•by Faith Howell•October 2, 2026

The Future of Fleet + What’s Changing Right Now | AF News Recap

Could developments overseas offer a preview of what’s coming for U.S. fleets? This week, we’re looking at the future of AI, autonomy, and electrification, plus Ford Pro’s new certified pre-owned program, smarter vehicle offboarding, and a new way for fleets to manage toll expenses.

Read More →
blue text over top of the top view of cars in a parking lot
Operations•by Faith Howell•October 1, 2026

How to Handle Vehicle Offboarding

What do fleet managers need to do when a driver leaves?

Read More →
Ad Loading...
Motorq Whitepaper Cover - Fleet Managers Ultimate Playbook
Sponsored•October 1, 2026

Fleet Manager’s Ultimate Playbook: Navigating the New Standard in OEM Connectivity

Rising operating costs, driver safety concerns, and unplanned downtime are putting unprecedented pressure on modern fleets. Discover how fleet managers use embedded OEM connectivity and real-time vehicle data to cut TCO, prevent downtime, and protect drivers without aftermarket telematics hardware.

Read More →