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Variance

Automakers' Incentives at a Glance

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Automakers dropped their spending on incentives in October to an average of $2,204 per vehicle, down from $2,781 last October, according to Merrill Lynch. This is the average amount some major manufacturers spent on incentives in October 2005 and the year before.

Manufacturer October 2005 October 2004 Percent change

Chrysler Group $3,075 $3,539 -13.1 percent
General Motors Corp. $3,062 $4,051 -24.4 percent
Ford Motor Co. $2,820 $3,425 -17.6 percent
Industry Average $2,204 $2,781 -20.7 percent
Nissan Motor Co. $2,040 $2,194 -7.0 percent
Volkswagen AG $1,916 $2,306 -16.9 percent
Hyundai Motor Co. $1,312 $2,397 -45.2 percent
Toyota Motor Corp. $723 $624 15.8 percent
Honda Motor Co. $618 $698 -11.4 percent

Link: http://news.yahoo.com/s/ap/20051103/ap_on_...centives_glance
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