Not a Good Time to Buy Audi Right Now
If you're thinking of buying an Audi, you better think twice if you want to get a great deal.
Audi currently has a limited supply of vehicles and car shoppers are clamouring to buy the ones that are still left. This is a classic sellers market which means Audi dealers don't have much motivation to negotiate on price.
The reason for the limited inventory is due in part to Audi's mistake in forecasting 2009 sales. They had allocated 6,000 fewer vehicles for the US market in expectation that sales would slow down near the end of the year.
Sales actually increased in the later part of 2009 and Audi ended up with a 35% rise in first quarter sales this year compared to last.
Audi has an average 29-days worth of supply on dealer lots at the moment. Most car manufacturers consider a 60-day supply to be optimal so that consumers can have a decent selection of colors and options to choose from.
The models with the greatest shortage are the Audi Q5 and Q7.
Your best bet is to wait a few months and hope Audi supply catches up with demand. Audi will be allocating 3,000 additional vehicles to the US market this year, so hopefuly that will help move transaction prices lower.
My Recommendation for Car ShoppersTrueCar No-Haggle, Edmunds Price Promise, 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.
California Residents - Important:There is a new online car buying service called Roadster, available only to California residents, which I highly recommend you try - especially if you hate the stress of haggling with a car salesman. They provide an expert concierge who negotiates the price of the car and delivers it to your home with zero hassle - you never have to interact with a dealership. Here is my in-depth review of Roadster and why I recommend it.
- Gregg Fidan
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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.
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