Prices Set to Drop on Trucks, SUVs, and Hybrids
The end of summer marks a seasonal slowdown for auto sales, causing carmakers to boost incentives - resulting in lower transaction prices for large trucks, SUVs and vans.
Also worthy of note for the bargain shopper are falling prices for luxury car models and hybrids.
Examples on truck deals include the 2010 Chevrolet Silverado and Ford F-series; large SUVs, including Chevrolet Suburban, Tahoe, Ford Expedition and Nissan Armada; and large vans including Chevrolet's Express line and Ford E-Series wagon line.
Higher premium luxury car models will also see a fall in prices, as incentives in this segment typically increase in the fall. Also, these vehicles are selling slowly right now, forcing dealers to make deals to clear them out. Examples include the 2010 BMW 7 Series and the 2010 Audi A8.
Hybrids too are coming down. Due to increasing competition, dealers are expected to become more flexible when negotiating prices for these vehicles: 2010 Toyota Camry Hybrid, 2010 Honda Insight, 2010 Ford Fusion Hybrid and 2010 Mercury Milan Hybrid.
As the excitement subsides after new or redesigned vehicles are released, expect to see these redesigned models to come down in price: 2011 Infiniti QX56, 2011 Jeep Grand Cherokee, 2011 BMW 5-Series, and 2011 Ford Fiesta.
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