RealCarTips Logo

Japanese Car Incentives May be Discontinued Next Month

March 24, 2011

Japanese CarsThe recent tragedies in Japan has destroyed thousands of new cars waiting for shipment and have slowed down and in some cases stopped shipments of vehicles from that country.

Dealers are already raising prices on popular models such as the Toyota Prius in anticipation of shortages.

Analyts are reporting price hikes of $2,000 for the Prius and $800 for the Honda Fit.

A memo was recently sent to Honda and Acura dealers letting them know that there will be limited inventory available until May, and even GM had to stop production on the Chevrolet Colorado and GMC Canyon pickups due to a shortage of parts from Japan.

For the next few months, availability of some Japanese models will be limited and prices on many models will rise while incentive programs may be halted.

If a significant number of customers switch from Japanese to American-made models, we could see price increases there as well.

Japanese car companies currently offering rebates, low-interest loans, factory-to-dealer cash, and special lease deals may not extend those deals in the coming months due to the limited inventory.

Therefore, if you're considering buying or leasing a new car, NOW might be the best time to pull the trigger.

Many car companies have already committed to incentive programs for March but may not extend them in April and the following months.

My Recommendation for Car Shoppers

TrueCar, 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.
- Gregg Fidan

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
Enter Your Email Below

(Absolutely NO SPAM, easy to unsubscribe)

Gregg Fidan

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

November 15, 2018
November 8, 2018
November 1, 2018
October 25, 2018
October 18, 2018
October 11, 2018
October 4, 2018
September 27, 2018
September 20, 2018
September 13, 2018
September 6, 2018
August 30, 2018
August 23, 2018
August 16, 2018
August 9, 2018
August 2, 2018
July 26, 2018
July 19, 2018
July 12, 2018
July 5, 2018
June 28, 2018
June 21, 2018
June 14, 2018
June 7, 2018
I welcome your car buying questions. Email Me and I'll be glad to answer them!