US Auto Dealers Forced To Rent First "Overflow Lots" In 37 Years Amid Inventory Glut
Yesterday we noted that GM launched an aggressive incentive program in the month of February to clear out some of its pickup truck inventory. In fact, incentives on the company's Silverado were up 56% YoY to $6,996, while discounts on the Sierra were up 82% to $5,315 (see "GM Pickup Incentives Surge Over 80% As Auto Bubble Continues To Show Signs Of An Imminent Bust").