GM to Pay Dealers for CARS Rebates
"As a result, dealers will have the liquidity to run their businesses effectively in the midst of this extremely successful program, and to continue immediately delivering new vehicles to GM customers," says GM,.
"Our sales performance in the past two months has exceeded our internal forecast by over 60,000 vehicles, largely driven by the CARS stimulus program," Mark LaNeve, GM vice president of sales added in a release. "We want to do all we can to provide customers with timely new vehicle deliveries and dealers the liquidity they need to run their businesses. This will continue the sales momentum of our new fuel-efficient vehicles such as the Chevrolet Cobalt, Equinox and Buick Enclave."
Of course, one may wonder where GM will get the money from to pay the dealers, given it is operating by grace and funding of the US government. But, as you all know, GM is largely own by the US at the moment, so look at it this way: it is the US paying the dealers, not GM.
The manufacturer goes even further and states it plans to provide these "cash advances" for qualifying new vehicle sales already transacted under the CARS program, and will provide them as long as the CARS program is in effect.