- General Motors is offering employee pricing on a new GM vehicle to owners of cars that have been recalled due to faulty ignition switches.
- GM spokesman Jim Cain told Edmunds, "we are not marketing the program," so interested owners will need to discuss it with their local dealers.
- Asked about the cost savings, Cain said: "The employee price reflects a discount to the invoice price. That's as much information as I can share on pricing."
DETROIT — General Motors is offering employee pricing on a new GM vehicle to owners of cars that have been recalled due to faulty ignition switches.
Jim Cain, a GM spokesman, told Edmunds: "It is one of the tools our dealers have to satisfy customers impacted by the recall."
However, Cain noted, "we are not marketing the program," so affected owners who are interested in taking advantage of the offer will need to discuss it with their local dealers.
Cain also said that no trade-in is necessary to take advantage of the offer. And for those who prefer a certified pre-owned vehicle, GM will take $500 off the purchase price.
Regarding the cost savings that could be realized with the program, Cain said: "The employee price reflects a discount to the invoice price. That's as much information as I can share on pricing."
As previously reported by Edmunds, other remedies offered by GM have included a $500 cash allowance toward the purchase or lease of a new vehicle (a program that ended April 30), as well as free loaner cars during the recall and repair process. GM is also considering various options regarding compensation to victims and families of those injured or killed due to faulty ignition switches.
The recall involves about 2.6 million vehicles, including the 2005-'07 Chevrolet Cobalt, 2006-'07 Chevrolet HHR and Pontiac Solstice, 2007 Pontiac G5 and Saturn Sky and 2003-'07 Saturn Ion. The safety defect could result in the vehicle's ignition switch unintentionally moving from the "Run" position to the "Accessory" or "Off" position, with a subsequent loss of power.
GM says parts to fix the defective ignition switches are available, and dealers have begun making the necessary repairs, which the company says generally take about 90 minutes. But the massive recall may stretch into the fall.
More details about the recall can be found at GM's ignition switch recall Web site or by calling the GM Customer Engagement Center at 1-800-222-1012.
Edmunds says: For owners of recalled GM cars who are in the market for a new vehicle, the employee pricing offer may provide a cost-saving option. But you'll have to take the initiative and bring it up during the buying process.