DETROIT, Jan 30 (Reuters) - Ford Motor Co. said on Thursday it was raising consumer incentives on two of its best-selling sport utility vehicles, partly matching a similar move to prop up sales by General Motors Corp. , its leading rival.
Effective Feb. 1, Ford said its was raising cash rebates on four-door versions of its popular Explorer SUV and the full-size Expedition by $500.
The cash-back offer raises incentives on the four-door Explorer to a total of $2,500 and to $2,000 in the case of the newer Expedition, Ford spokesman Jim Cain said.
Going toe-to-toe with GM, which announced richer consumer incentives earlier on Thursday, Cain said Ford was also increasing cash rebates on its Econoline and Club Wagon vans by $500, to a total of $2,500.