Automakers spent an average of $2,395 per vehicle in incentives during November, says auto information provider Edmunds. That was $260, or 9.8 percent, less than the previous month.
Automakers spent $9 more on spiffs this November than a year ago, Edmunds says. The companys monthly survey tracks all incentives, including cash rebates to consumers and dealers, and subvented interest rates and leases.
General Motors cut $339 from its average incentive per vehicle from October to November, down to $3,519, Edmunds says.
The average incentive for the Big 3 stood at $3,379 in November, down $283 from October.
The average for Korean and European automakers dropped from $922 in October to $565 in November, Edmunds says.