Apr
Buick has been struggling for the longest time with no monthly sales gains and in an effort to change its standing, it is set to offer lease deals of 24 months hoping to get a chunk of the leasing deals of other luxury car brands.
The program called Experience Buick was officially launched last week and includes no charge scheduled maintenance, OnStar, and Sirius XM radio during the term of the lease. Usually, the buyers get free subscription to satellite radio for 3 months and OnStar for 6 months.
The lease is being offered by Buick, owned by General Motors, thru Ally Financial. The management believes that the program plus the host of freebies will entice buyers in the luxury segment who will not even consider Buick.
The sales of Buick went up after the bankruptcy of GM with a jump of 52% back in 2010 and 14% or 177,663 units in 2011. But the brand experienced a drop of 17% in February, continuation of the decline in the last five months.
Cadillac Is another brand in the United States which has not posted a gain since September of last year.
Buick is also hoping that the compact Verano and the compact crossover Encore will be able to help pull up the numbers.
According to a Buick executive, lease made up around 24% of their sales in 2011 which is up from previous years but other brands enjoyed a lease penetration of more than 50%. The lease program aims to allow a buyer to experience the brand with all the GM wares that comes with it.

