RealCarTips Logo

September May Not be a Good Time to Buy a Car

September 10, 2009

Low InventoryNow that the "Cash for Clunkers" program has ended, analysts are predicting September sales will fall off a cliff. We will most likely see the lowest sales figures of the year.

Normally when sales are this bad, dealers are desperate and willing to negotiate deals. Not so in this case. The "Cash for Clunkers" program ended up depleting dealership inventory at a time when manufacturers had already scaled back production.

The result? There are now less than 1.5 million new cars available for sale in the entire United States. This is by far the lowest figure ever recorded since stats were first compiled 18 years ago.

The good news, from a car buyer's perspective, is that dealers are reporting very low foot traffic in their showrooms. In addition, car manufacturers have been ramping up production in order to replenish depleted inventory.

The problem is, it's going to take at least a month before inventory piles back up at dealer lots. For now, most dealers are ok with the fact that there are very few buyers. They simply don't have many cars to sell, so from their prospective, they're not losing any money.

Wait just a couple of months and we're pretty sure dealers will begin getting desperate again as their inventory starts piling up.

Note however, that not all cars are low in inventory. Cars that didn't qualify for the "Cash for Clunkers" program can still be found in large quantities. It's mostly the fuel efficient cars you want to stay away from at the moment.

My Recommendation for Car Shoppers

TrueCar, Edmunds, and 1-800 Car Show are the quickest way to see the lowest car prices in your area. These sites show you no-haggle prices from dealers closest to you - and the deals are usually really good. This should be the first step you take when negotiating your car price. Follow this up with my checklist to make sure you squeeze out every last bit of savings.

New York Tri-State Residents - Important:

There is a new car leasing service called Carvoy, available to NY tri-state area residents, which I recommend you try - especially if you hate the stress of haggling with car dealerships. Carvoy provides pre-negotiated lease deals, calculated with taxes and all fees incuded so you know exactly what it will cost. Here is my list of Best Carvoy deals, updated each month.

- Gregg Fidan

Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
  • Best Rebates, Incentives, and Lease Deals
  • Latest Car Buying Scams and Tricks
  • The Best & Worst Time to Buy a Car
  • Which Cars You Should Avoid
Enter Your Email Below

(Absolutely NO SPAM, easy to unsubscribe)

Gregg Fidan

About: Gregg Fidan

Gregg Fidan + is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.

Latest Weekly Car Buying Tips    RSS Feed

September 27, 2018
September 20, 2018
September 13, 2018
September 6, 2018
August 30, 2018
August 23, 2018
August 16, 2018
August 9, 2018
August 2, 2018
July 26, 2018
July 19, 2018
July 12, 2018
July 5, 2018
June 28, 2018
June 21, 2018
June 14, 2018
June 7, 2018
May 31, 2018
May 24, 2018
May 17, 2018
May 10, 2018
May 3, 2018
I welcome your car buying questions. Email Me and I'll be glad to answer them!