Toyota Deals May Get Even Better
Toyota is in a real jam right now. They have been offering record incentives since March - which predictably resulted in increased sales early on, but the effect is starting to wear off.
Toyota saw a 16% decline in sales between March and April even though they were still offering large incentives. The incentives have been officially extended until June 1 but a top Toyota executive has confirmed they will extend the incentives until fall or possibly until the end of the year.
With sales declining, Toyota is in danger of falling into a scenario in which they need to offer greater incentives to keep buyers interested. By end of summer, Toyota will need to start clearing out current year models to make room for next year's models.
It looks like they will need to come up with some very attractive offers to move the metal in the fall. This, of course, is great news for prospective Toyota buyers. Get ready for some great Toyota deals this summer.
My Recommendation for Car ShoppersTrueCar, 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.
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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