GENERAL Motors South Africa (GMSA) has slashed the prices of its entry level range of vehicles.
Some of the prices of the Chevrolet Spark Lite and Aveo have been cut by up to 14%.
"This latest realignment of prices and models in our entry level ‘A’ and ‘B’ segments will significantly ease access to new vehicles,” GMSA’s sales and marketing vice-president Malcom Gauld said.
"Ever mindful of the financial pressures exerted by current global economic conditions we have worked together with our vehicle supply partners, General Motors in Korea where the Spark Lite and Aveo are built, to take cost out of vehicles in our entry level range without compromising specification,” Gauld said.
"The price of the Spark Lite 1.0 LS is reduced by R12500 to just R86200 including VAT. This represents a saving of 12.7% on the previous recommended retail selling price and only marginally above the price previously asked for the 0.8 litre model,” Gauld said.
"Importantly this is achieved without negative impact on the specification,” he said.
"The Aveo Hatch range is downsized from three variants to just one – the Chevrolet Aveo 1.6. The recommended retail price of this model is now R117 300 including VAT, a saving of R19 100 or 14%!
"The Aveo 1.6 Hatch is now the lowest priced 1.6 litre passenger car in South Africa.
"The Aveo Sedan line-up remains unchanged with three variants; the Aveo 1.6; the Aveo 1.6 LS; and the Aveo 1.6 LS A/T. Again prices have been revised downwards with the Aveo Sedan 1.6 now priced at R121 300 [down from R136 400], the Aveo Sedan 1.6 LS manual positioned at R140 300 [down from R154 300], and the Aveo Sedan 1.6 LS Automatic priced at R152 300 [down from R166 400],” he said.
"General Motors is conscious of the difficulty faced by first-time vehicle buyers to access affordable new vehicles, especially those from popular brands,” Gauld said.
"Chevrolet made its name by providing affordable, reliable and value-for-money vehicles for a large population of buyers ... to meet the requirements of the family motorist and this remains true today.’’