Used Car Dealerships near Portland, Oregon Expected to Slash Prices Due to Latest GM Incentives

1. March 21, 2017 Used Car Dealerships near Portland, Oregon Expected to Slash Prices Due to Latest GM Incentives Image 1: Used Car Dealerships near Portland, Oregon to Offer Lower Price Tags Used car dealerships serving the Portland area are expected to offer reduced prices on their General Motors brands after GM rolls out its latest matrix of incentives and cash rebates, most notably for 2016 and 2017 pickup truck models: Silverado, Sierra, and Canyon. Page | 1

2. This latest edition of Truck Month is GM’s response to the ongoing customer trend that indicates a significant increase of truck and SUV owners, effectively narrowing the numbers of sedan and compact car seekers. While prices for used SUVs and pickups might not go as low as one might expect as a result of diving prices for brand-new vehicles—induced by new incentives and rebates—the prices of used, midsize or compact cars will consequently be comparably low. This prospect presents a slew of bargaining opportunities for car shoppers looking for a pre-owned GM sedan in good condition and for an affordable price. Price Reductions According to the NADA Used Car Guide, the trend of price reductions will most likely follow that of 2015, with the first three months offering 5% to 6% reductions on prices. For used car shoppers, this is indeed some very good news. Pricing will also be influenced by current market trends, which point to used-car buyers shopping for newer used cars rather than settling for older, cheaper models. Reduced used-car prices are expected to accompany incredibly flexible and generous lease terms for new vehicles, enticing those who can afford to buy brand-new cars to ditch the slightly older models. Subsequently, a high volume of used cars should remain on the market, ready to cater to incessant demands from consumers for decent used cars. By using the term ‘old model,’ used car dealerships are referring to a six year-old car model. Prices are then reasonably adjusted based on mileage, general vehicle condition, segment mix, seasonality, and inflation. Depending on these factors, there is a chance that a car shopper can afford a slightly used, luxury GM vehicle without shelling out considerable amounts of money. Used-car price reductions expected to last a while Page | 2

3. GM’s promo is anticipated to last until April 2017, so car shoppers still have time to take advantage of the consequent effects of Truck Month on used car prices. Because of their effect on dealership inventory strategies, trade-ins and lease returns are also expected to increase, thereby becoming major influences on the price reduction of pre-owned cars. Given current conditions, the volume of sales in the used car segment is highly unlikely to decline any time soon. One thing is for certain, though: now is the best time to get that truck of your dreams! If you want more information on how to make the most of this year’s biggest price changes, visit your favorite car dealership near Portland, OR and ask their experts. AboutMcLoughlin Chevrolet: Having trouble finding a certified, pre-owned vehicle to suit your needs? McLoughlin Chevrolet offers an extensive list of high-quality, used vehicles—from compact cars to monster trucks. McLoughlin does not just hand you the list, though: we also make sure that you will receive the right data to make an informed decision. Sources: GM Grows Total and Retail Sales in February, Market Share up Sharply, Transaction Prices Set February Record, GeneralMotors.com 2017 depreciation forecast includes uptick to 17.8%, AutoRemarketing.com Page | 3