Decline in November Car Sales Means Greater Discounts
Car sales usually slow down towards the end of the year, particularly in November. Combined with the fact that 2009 is one of the worst years for car sales in general, it's no surprise that only about 710,000 vehicles are expected to be sold this month. That's 15 percent less than in October 2009, and 4.5 percent less than last November.
To counter these lagging statistics, automakers across the market are offering wide-scale holiday promotions. In the weeks following Thanksgiving, expect to find larger-than-usual discounts, even if the selections are somewhat limited. Prominent manufacturers such as Chrysler, GM, Honda, Ford, Nissan, Toyota, and Hyundai are all predicted to have lower sales than usual, and as such are likely candidates for attractive incentives.
If you're looking to buy a car sometime soon, it's best to wait a few days until after the shopping season officially begins - you may come across some exceptional deals.
My Recommendation for Car Shoppers
TrueCar and Edmunds 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.- Gregg Fidan
- 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: 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