Sales

Old-time price war? Not so much

A 2013 Honda Pilot on the lot at Bob Lindsay Honda in Peoria, Ill., last month. TrueCar estimates that industrywide incentives fell an average of 4.4 percent in June from May and 0.6 percent from a year ago. (BLOOMBERG)
July 01, 2013 05:00 AM
Lower incentives

Amid fears of a looming price war, most automakers reduced per-unit incentives in June.
AutomakerJune 2013 incentivesChange from May 2013Change from June 2012
GM$3,513-3.80%8.40%
Chrysler$3,103-4.90%-4.30%
Ford$2,964-3.60%17.70%
Volkswagen$2,5810.70%-10.60%
Nissan$2,496-11%-18.40%
Honda$1,690-6.70%-26.50%
Toyota$1,660-8%-8.30%
Hyundai$1,379-9.80%10.10%
Industry$2,537-4.40%-0.60%
Source: TrueCar estimates

Fears that the auto industry could become embroiled in an old-fashioned price war have fizzled.

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