January was the lowest volume for auto sales in 2010. February 2010 was the second lowest sales month. This trend has been ongoing for several years and will likely continue for 2011. Because of this there are often great consumer incentives in both months.
This year the auto incentives being offered to consumers in February 2011 are even better than January. The hottest incentives are reserved for leftover 2010 models, but across the board there are certainly enough great deals to keep consumers headed to showrooms.
Good auot sales bodes well for Sirius XM Satellite Radio. The company has their radios installed in roughly 60% of all cars manufactured, meaning that a large influx of new promotional subscriptions hit the road each month. Sirius XM is able to convert about half of those to self paying subscribers.
February Incentives Include:
GM, Chevrolet, GMC incentives (Includes Chevrolet, GMC, Buick, Cadillac, HUMMER, Pontiac, Saturn, Saab)
Up to $5,000 cash back and 0% financing on many 2010 models. Up to $3,000 cash back on some 2011 models.
0.9% to 3.9% financing for up to 36 months. Up to $3,500 cash back on 2010 models as well as some 2011 models. Hidden dealer incentives of up to $12,500.
Cash rebates up to $5,250 on some models. 0% financing up to an impressive 72 months. Hidden dealer incentives of up to $1,000.
Ford (Includes Ford, Lincoln, Mercury)
0% financing on most models. Rebates as high as $5,000 on some 2010 models.
0.9% to 2.9% financing on some models. Hidden dealer incentives of up to $2,500 on some 2010 models
0% to 3.9% financing on most models with rebates as high as $2,000 depending on region. Hidden dealer incentives up to $4,000 on some models.
Nissan (Includes Infiniti)
0 - 4.9% financing on some 2010 models. Up to $5,000 rebates on some models.
Hyundai (Includes Kia)
Up to $2,500 cash rebate on some 2010 models. 0.9% - 4.9% financing on 2010 models.
1.9% financing for up to 36 months on some models.