Houston Cars

Though I wrote yesterday that the $7,000 Hummer H3 rebate was coming to an end, GM decided to go and prove me wrong.  It seems they aren’t too happy about the 50%+ drop in sales over on the Hummer side.  To try to help things along, they’ve decided to extend that $7k rebate through the end of July.  Not really much of a surprise when you get right down to it.

Also announced is the extension of 72 month 0% financing.  The “new” expiration date for this financing firesale is July 7th - though I’d lay money on GM pushing that date out even further.  With sales on most of their brands tanking in a colossal way ( with Hummer at the forefront ), mind-blowing incentives is really the only option left to GM.  It’s really nothing more than trying to use a band-aid to fix a severed limb.  It will hold things back for a short while, but the dam will break, and it will be ugly.  Chapter 11 bankruptcy is looming in the future, and there’s nothing GM can do to stop it.