DETROIT - General Motors added an average of $113 to the prices of its cars in its spring round of increases, an Automotive News analysis finds. The boost amounted to about 0.5 percent.
By makes, the average car price increases were: Cadillac, $251; Buick, $140; Oldsmobile, $133; Pontiac, $123; Chevrolet, $97; and Saturn, $33.
GM's spring increase of $113 was considerably less than the car increases made by Ford Motor Co. and the Chrysler group. Ford's boost averaged $193 when spread across the Ford, Lincoln and Mercury car lines, and Chrysler's was $153 for the Chrysler and Dodge brands, according to Automotive News. All figures are sales-weighted.
As was the case with Ford and Chrysler, the GM spring price bumps do not come close to matching the rebates offered on GM cars. Most GM vehicles carry a $2,002 giveback. Minivans bring $3,002, and 10 nameplates have an extra $500 that GM calls "bonus cash."
The bonus is $1,000 on the Buick Park Avenue. Dodge trucks are up an average of $152 for the spring selling season.
Increases range from $100 on some Caravan minivans to $185 on all Ram pickups.