Around the Net

Auto Incentives Reached Record Levels In February

The six biggest automakers -- General Motors, Ford Motor, Chrysler, Toyota, Honda and Nissan -- offered the highest incentives last month of any February since Edmunds.com started tracking in 2002, Chris Woodyard reports. The average discount for all automakers was $2,914, up $400 from a year ago.

Chrysler topped the group with average discounts of $5,566 per vehicle, up from $3,520 last year. The average Chrysler, Dodge or Jeep vehicle is languishing for 130 days at dealerships, the longest of any of the six largest automakers. Ford is second at 113 days, followed by Nissan, GM, Honda and Toyota, Power Information Network reports.

Meanwhile, Chrysler president James Press has been touring the country pounding home the message that survival depends on dealers ordering more cars. The automaker books its income when cars are shipped to dealers.

advertisement

advertisement

Read the whole story at USA Today »

Next story loading loading..