GM, After 16% Sales Dive, Eases Finance Options

No-interest loans, for up to 6 years, on models including pickups and SUVs
By Dustin Lushing,  Newser Staff
Posted Jun 23, 2008 3:58 PM CDT
General Motors saw sales slide 16% in May amid skyrocketing gas prices.   (AP Photo)
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(Newser) – General Motors is offering no-interest financing for up to 6 years on a selection of its 2008 automobiles in an effort to boost US sales, which plummeted 16% in May, Bloomberg reports. Soaring gas prices have hurt sales across the board, and falling trade-in values and general tightening of purse-strings have left fewer Americans looking for new cars.

"This is always a great promotion and really does drive traffic,'' the sales manager at one Nebraska lot said today. "We expect to see a good-size bump in sales.''