GM Raises Prices to Boost Falling Pick-Up Truck Sales?

GM's pickup sales fell 8% in September

   

General Motors (GM) is looking to bounce back after its pickup truck sales fell 8% in September by raising the prices of its pickups.

The Associated Press reports that the base price for the GM’s 2014 Chevrolet Silverado will go up by $2,085 — from $24,585 to $26,670 — in an attempt to boost sales. The 8.5% increase in price could seem like an odd way to sell more cars but this move could be a ploy to raise the market price so dealers can sell GM pickups at a discount.

The move could help GM bounce back after a tough September that saw the company’s sales go down and its competitor’s sales go up. Ford’s (F) F-Series rose 10% last month and Chrysler’s Ram sales increased by 10%.


Article printed from InvestorPlace Media, http://investorplace.com/2013/10/gm-raises-prices-boost-falling-pick-truck-sales/.

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