
Money Back May Be Back
GM might extend 60-day return program, vice chairman says
According to Automotive News, Lutz used some of his time during an interview with CNBC to say of the money-back deal: "It's possibly renewable. We'll see what kind of experience we have." He also said he expects "way under 1 percent" of consumers to actually drive their Cadillac, Chevrolet, GMC or Buick vehicles back onto the lot.
Granted, the program -- currently slated to close at the end of November -- hasn't actually bumped sales; at best, it's expanded the pool of consumers who would consider a GM model. But given that Toyota has surpassed GM as world's largest automaker and that GM recently spent a stint in the bankruptcy clink, I suppose every little bit helps -- even if it's just in the theoretical-purchases realm.
(Editor's note: Fun quote from the article: "Lutz said GM dealers are low on inventory of better-selling vehicles but have 'plenty of inventory' of full-sized sport-utility vehicles and pickup trucks." Heh. No surprise there -- as we know, Chrysler has the same problem.)
EXPLORE NEW CARS
MORE ON MSN AUTOS
Accelerator pedal on the 2013 M Hybrid pushes back if pressed too hard.
ABOUT EXHAUST NOTES
Cars are cool, and here at MSN Autos we love everything about them, but we also know they're more than simply speed and style: a car is an essential tool, a much-needed accessory to help you get through your day-to-day life. What you drive is also one of the most important investments you can make, so we'll help you navigate your way through the car buying and ownership experiences. We strive to be your daily destination for news, notes, tips and tricks from across the automotive world. So whether it's through original content from our world-class journalists or the latest buzz from the far corners of the Web, Exhaust Notes helps you make sense of your automotive world.
Have a story idea? Tip us off at exhaustnotes@live.com.
