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May 09, 2007 -- Zero percent financing on GM trucks

Clark is having renovations done on his house so he gets to see a lot of pick-up trucks. For a while, people bought trucks as a fashion statement. They were almost considered luxury cars. Nowadays, they’re back to being work trucks, used for their intended purpose. That’s because they are gas guzzlers and only people who really need them are buying them. At the same time, there has been a slowdown in construction. People who may have traded in an old truck for a new one are holding off. The end result is not as many trucks are being sold. The trucking industry has a huge oversupply of cars. For example, GM has an oversupply of 129 days. The ideal amount is about 55-60 days. Anything over 75 days is not good for the dealerships. So what are they doing to get rid of the trucks? They’re offering zero-percent financing on new trucks. There is also an X-factor out there from Toyota. The company is building its own big truck called the Tundra. Some people are turned off by this; others love the idea of a reliable truck from Toyota. As a result, prices on the Tundra vary around the country. Check pricing at carsdirect.com.
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