Car Makers Begin Increasing Incentives

According to Edmunds.com, the average incentive was $2,557 per automobile in September of this year, which is $83 more than August. With the Cash for Clunkers program over, fewer cars are being sold - and manufacturers are straining to come up with new ways to attract buyers. At the forefront of these are Chrysler, General Motors, and Honda. Ford and Hyundai, on the other hand, have been doing well enough that they can afford to cut back on consumer incentives.
Those who have their eye on a sports car are especially in luck. The average incentive for premium sports cars this September - $10,128 per vehicle - broke the April 2004 record of $7,347 per vehicle. Many of these deals include low interest rates on car loans, which have been known to save $20,000 - $30,000 on a sports car.
Premium luxury automobiles are right behind sports cars in the incentive race, with an average of $6,551 per vehicle. Sales haven't been doing that great because fewer people are spending on luxury models in this economy.
In September 2009, Cadillac and BMW spent the most on incentives, at $9,233 and $6,321 respectively. Scion and Honda spent the least. Among the top automakers, be on the lookout for the Chrysler Group, General Motors, Ford, and Nissan.

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
About The Author

Latest Weekly Car Buying Tips
July 2025
- Best 0% Finance Deals July 2025 Jul 03, 2025
- Best Bang for Your Buck Lease Deals Jul 03, 2025
- Best Electric, Hybrid Lease Deals Jul 03, 2025
- Best Car Deals for 4th of July 2025 Jul 03, 2025
June 2025
- Best Car Deals Around the Country Jun 26, 2025
- Real Prices of Compact Cars Jun 26, 2025
- Cheapest Luxury Lease Deals Jun 26, 2025
- Largest Hidden Dealer Rebates Jun 26, 2025
- Top 100 Cheapest Lease Deals Jun 19, 2025
- All SUV Lease Deals Compared June 2025 Jun 19, 2025
- Cars With the Largest Rebates Jun 19, 2025
- Price Comparison of Subcompact SUVs Jun 19, 2025
- Top 100 Cheapest New Cars Right Now Jun 12, 2025
- Real Prices of New Compact SUVs Jun 12, 2025
- Biggest Discounts on New Cars June 2025 Jun 05, 2025
- New Cars with the Most Available Inventory Jun 05, 2025
- Real Prices of Midsize SUVs Jun 05, 2025