Ford, GM Offering Big Discounts On Trucks

The economic data points are troubling: mortgage rates back down to record lows; two consecutive months of hideous jobs data; and, now this:

Yahoo!Finance is reporting:

GM is running a national Presidents Day sale through February 28 at Chevrolet and Buick-GMC dealers that provides incentives of up to $7,092 on the 2014 Chevrolet Silverado and up to $7,588 on the 2014 GMC Sierra. The more generous discounts are being implemented just eight months after the redesigned trucks hit the market last summer. 

Ford, whose full-size F-series pickup has been the best-selling U.S. truck for 37 years, is providing much lower incentives of up to $3,250 on its big trucks. The F-series is due for a major overhaul late this year.

But many Ford dealers are advertising much richer deals on the carryover 2014 F-Series, with discounts ranging up to $9,000.