GM lowers Malibu prices to compete with Camry on Web
By Tim Higgins C.2013 Bloomberg News
Published: Saturday, February 9, 2013, 12:01 a.m.
Updated: Saturday, February 9, 2013
General Motors Co., in an effort to make its Chevrolet Malibu more appealing to online car shoppers, lowered the car's price by as much as $770 to compete with better-selling midsize sedans. The segment includes five of the 20 most popular vehicles.
The entry-level Malibu's starting price was reduced by $345 to $21,995, which excludes an $810 freight charge, GM said. The Toyota Camry, the top-selling car, begins at $22,235 before a $795 handling fee, according to Toyota Motor Corp.'s website.
Malibu U.S. sales rose 7.8 percent in January while the Camry increased 13 percent, according to researcher Autodata Corp.
- UPMC will cut 100 transcribers’ jobs
- Dick’s earnings rise 13 percent, but sales disappoint
- NBC hires news division chief from Britain
- Buffett meets with young entrepreneurs
- Investors target executive salaries
- Idaho couple sues Sun Valley, Twitter
- L.L. Bean keeps company in the family
- High crop prices entice Midwest farmers to expand acreage for planting
- Blairsville-area company finds 2nd calling in shale gas service industry
- Small-company stocks gain
- Automated teller machine fees up 20 percent in 5 years
You must be signed in to add comments
To comment, click the Sign in or sign up at the very top of this page.
Subscribe today! Click here for our subscription offers.