GM lowers Malibu prices to compete with Camry on Web
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.
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