GM to launch FactoryPreownedCollection.com website

[XDCX]

GM indicated they'll launch a new website, FactoryPreownedCollection.com, where consumers will be able to search through approximately 30,000 pre-owned vehicles. All of the vehicles will have less than 37,000 miles and will include a 12 month/12,000 mile warranty. (24 month/20,000 mile warranty for Cadillac vehicles.)

For a link to the GM Press Release - click here

The vehicles will be sourced from GM's lease returns, rental returns and their company car program. The consumers will select their vehicle and then select a GM Dealer to complete the transaction. The Press Release does not indicate how the GM Dealers will be compensated.

Any bets on how much GM will pay their Dealers to deliver these vehicles?

Additionally, from a GM Dealer's perspective, do you think this is a good program or a bad program or is it too early to tell?