General Motors is having a hard time kicking the incentives habit.
After cutting incentives by 16 percent in October, GM ended the month sitting on a larger than expected inventory of cars and trucks.
GM responded by announcing a new deal that allows customers to lock in a reduced interest rate on a new car or truck, as well as their next GM vehicle. (See story, Page 20)
GM's inventory of light trucks on Nov. 1 totaled 824,400 units, up 7.9 percent since Oct. 1. The automaker had 391,400 cars in stock, up 7.2 percent since Oct. 1.
GM's inventories grew after it slashed incentives. Edmunds.com reports that GM spent $3,858 per vehicle in October, down $735 from September.
Ford Motor Co. and the Chrysler group also trimmed incentives. Their supplies rose, but not as sharply as GM's.
Ford Motor had an 87-day supply on Nov. 1, up from 72 on Oct. 1.
In the same period, the Chrysler group's supply rose from 83 days to 92 days .