NCHUMMERMAN you are right on target.
The FINANCING aspect is called the "DEALER FLOORPLAN" this is usually done through the dealer owner own bank not GM.
Money is cheap right now so the cost is about 1/3 of 1 percent tops per month and was never an issue with H2's until the recent 90 day glut. Okay now heres where GM comes in they offer to pay the dealers FLOORPLAN cost for a specied number of months if they will "LOAD IN UNITS". Hence GM really is just paying the dealer back for agreeing to overstock the product.
The GM discounts to the dealer called "HOLD BACKS" again were very low numbers - less then $600 for most dealers or the average dealer.
Because of the HUMMER franchise agreement the hold backs were not combined with overall GM product unit sales. This sounds complicated but what I am trying to point out is the average $30,000 dollar car may provide the GM dealer with more HOLD BACK incentives then a H2!
I hope this makes sense!
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