GMAC Financial Services will offer a lease program on selected models for qualified customers, including 2009 Cadillac CTS, Chevy Malibu, Chevrolet Traverse, and 2010 Buick Enclave, Buick LaCrosse, Chevrolet Equinox, GMC Acadia.
Cash for Clunkers could pull 750,000 potential used vehicles off the market, leading to a bubble in used-car values, according to Kelley Blue Book officials. Nearly five percent of the used-vehicle supply is at stake, so many dealers are stocking up on inventory in anticipation of low supply. That could lead to an upswing in used-vehicle prices.
The recession and tight credit have impacted normally stable utility and telecom fleets almost as much as commercial fleets. The situation is particularly difficult to deal with when these fleets are attempting to acquire electric, hybrid and alternative fuel vehicles that cost more than conventional options.
The Automotive Stimulus Plan was put together by several dealers, set to correspond in tandem with the CARS program. Certain requirements apply. Dealers are encouraged to visit www.AutoStimulusPlan.com if they would like to participate.