GM's truck production cut signals a turn in U.S. auto sales
GM, Ford and Stellantis dominate the U.S. large pickup market, and for the past two years have been raising prices on theirDealers contacted by Reuters said that now, some customers are waiting for better deals, or are postponing purchases because the combination of high prices and higher interest rates put vehicles out of reach. The automakers face a choice between cutting prices using bigger"What they're doing is playing what I call the blink game - whoever blinks first.
Some discounts are showing up in the large pickup segment. Ram is offering 2.9% financing for 72-month loans on certainPower and LMC said fewer vehicles were sold in February above their manufacturer suggested prices, and that the average discount rose 4.7% to $1,335 a vehicle. That is still well below pre-pandemic levels, Power-LMC said.
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