General Motors (GM) have officially announced on the same day as they posted a $4.3 billion loss for the second half of 2009. They will be shutting down the Hummer SUV brand and big discounts to move the remaining 2,200 vehicles since the chinese is not buying over it.
Buyers from USA can get $6,000 rebates on a 2009 model year Hummer H2 full-sized SUV or H3 mid-sized SUV.
General Motors is also offering $5,000 on the 2009 Hummer H3T, a pick-up version of the H3, and $4,000 on the few 2010 H3T that were made and remain in stock. Buyers with good credit can also 0% financing for six years on all Hummer models. The Hummer H3 prices start at about $31,000 in USA before discounts.
General Motors sold fewer than 300 Hummers last month. Hummer sales, which had been suffering anyway largely because of the vehicle’s reputation for poor fuel economy, have been hammered by uncertainty over the brand’s future.
To us, I think even if we have the chance to buy the H3 in Malaysia with the discounts. A $6,000 rebate may not make be a good deal since the brand will be shutting down, say five years from now, who’s going to want your car if you going to trade-in the Hummer SUV?