GM Returns to the Red Tag Way of Selling Cars
![usedcars[1].redtag.175.jpg](http://blogs.edmunds.com/strategies/2008/11/assets/images/usedcars1redtag175.jpg)
Faced with sales that are 45 percent lower than last year, GM has gone back to what's worked for them in the past -- the Red Tag Sale.
Several summers ago the Red Tag event turned sales red hot. Now, prices are being slashed to invoice and below on most models.
Included are all 2008 and 2009 Buick, Cadillac, Chevrolet, Hummer, Pontiac-GMC, Saab and Saturn passenger cars and light duty truck models. The only cars not being Red Tagged are the Cadillac CTS-V and the Corvette ZR1.
How good a deal can you get? We are changing our TMV pricing to reflect current GM deals. But as a rule of thumb, the Red Tag sale appears to be invoice minus the holdback (about 2 percent) minus $150.
If you want to see if waiting will give you an even better deal, take a look at our new feature TMV Predictive Pricing.
- Posted by
- Philip Reed November 7, 2008, 1:02 PM
- Permalink
- Categories:
- Car Buying, Car Negotiating
- Technorati Tags:
- Car Buying, GM, Pricing, Red Tag, TMV
"and the Corvette ZR1"
...
"We are changing our TMV pricing to reflect current GM deals"
$383 off the ZR1. Maybe the TMV pricing hasn't been updated yet.
I was in a Buick/Pontiac/GMC dealer today. The prices are pretty good.