General Motors Canada is offering customers up to $3,000 off a new GM vehicle if they trade in their old clunkers, making GM the fourth automaker to offer its own scrappage incentive in Canada.
The company says consumers who scrap their old cars through the government’s Retire Your Ride program will qualify for the rebate.
GM joins Hyundai Canada, Chrysler Canada and Ford Canada in offering company-specific scrappage incentives.
GM’s program provides consumers with a rebate of $500, $1,000, $2,000 or $3,000, depending on the vehicle they purchase.
To qualify, the scrapped vehicle must be a 1995 model or older, in running condition, registered and properly insured for the last six months, or 12 months in British Columbia. Environment Canada is predicting 100,000 vehicles will have been scrapped under Retire Your Ride by the end of March, more than a year after it was introduced.